RAAK Design Studio: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RAAK Design Studio
Largest movements
- Receivables within one year +€36,732
up €36,732 (+67.8%), from €54,196 to €90,928
of which Trade receivables: +€30,960
- Tangible fixed assets +€30,827
up €30,827 (+105%), from €29,332 to €60,159
of which Furniture and vehicles: +€30,252
- Cash -€27,853
down €27,853 (-41.8%), from €66,576 to €38,722
mainly Contributions, distributions and other (-€53,560) and Investment in fixed assets (net) (-€48,919)
- Deferred charges and accrued income -€2,388
down €2,388 (-79.7%), from €2,995 to €607
- Reserves -€53,560
down €53,560 (-64.1%), from €83,563 to €30,003
of which Distributable reserves: -€53,560
- Trade debts +€36,872
up €36,872 (+142%), from €25,949 to €62,821
- Accrued charges and deferred income +€24,053
up €24,053, from €0 to €24,053
- Debts after one year +€17,104
up €17,104 (+172%), from €9,957 to €27,061
- Other debts +€9,349
up €9,349 (+958%), from €976 to €10,325
- Staff costs +€34,415
up €34,415 (+51.5%), from €66,805 to €101,220
- Gross operating margin +€33,587
up €33,587 (+33.9%), from €98,962 to €132,549
- Taxes +€6,723
up €6,723 (+212%), from €3,176 to €9,899
- Other operating charges -€2,873
down €2,873 (-68.4%), from €4,200 to €1,327
- Depreciation -€2,394
down €2,394 (-11.7%), from €20,486 to €18,092
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,249 | €199,566 | +€37,317 | +23.0% |
| Fixed assets | 21/28 | €38,482 | €69,309 | +€30,827 | +80.1% |
| Tangible fixed assets | 22/27 | €29,332 | €60,159 | +€30,827 | +105% |
| Plant, machinery and equipment | 23 | €150 | €1,049 | +€899 | +600% |
| Furniture and vehicles | 24 | €27,714 | €57,965 | +€30,252 | +109% |
| Other tangible fixed assets | 26 | €1,469 | €1,145 | -€323 | -22.0% |
| Financial fixed assets | 28 | €9,150 | €9,150 | = | 0.0% |
| Current assets | 29/58 | €123,767 | €130,257 | +€6,490 | +5.2% |
| Amounts receivable within one year | 40/41 | €54,196 | €90,928 | +€36,732 | +67.8% |
| Trade receivables | 40 | €54,028 | €84,988 | +€30,960 | +57.3% |
| Other amounts receivable | 41 | €168 | €5,940 | +€5,772 | +3,437% |
| Cash at bank and in hand | 54/58 | €66,576 | €38,722 | -€27,853 | -41.8% |
| Deferred charges and accrued income | 490/1 | €2,995 | €607 | -€2,388 | -79.7% |
| Total equity and liabilities | 10/49 | €162,249 | €199,566 | +€37,317 | +23.0% |
| Equity | 10/15 | €74,496 | €21,541 | -€52,955 | -71.1% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €83,563 | €30,003 | -€53,560 | -64.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €83,563 | €30,003 | -€53,560 | -64.1% |
| Profit (loss) carried forward | 14 | -€9,268 | -€8,662 | +€605 | +6.5% |
| Amounts payable | 17/49 | €87,753 | €178,025 | +€90,272 | +103% |
| Amounts payable after more than one year | 17 | €9,957 | €27,061 | +€17,104 | +172% |
| Financial debts | 170/4 | €9,957 | €27,061 | +€17,104 | +172% |
| Amounts payable within one year | 42/48 | €77,796 | €126,911 | +€49,115 | +63.1% |
| Current portion of amounts payable after more than one year | 42 | €14,815 | €21,717 | +€6,901 | +46.6% |
| Financial debts | 43 | - | €2,492 | +€2,492 | |
| Credit institutions | 430/8 | - | €2,492 | +€2,492 | |
| Trade debts | 44 | €25,949 | €62,821 | +€36,872 | +142% |
| Suppliers | 440/4 | €25,949 | €62,821 | +€36,872 | +142% |
| Taxes, remuneration and social security | 45 | €36,056 | €29,557 | -€6,498 | -18.0% |
| Taxes | 450/3 | €19,814 | €17,099 | -€2,714 | -13.7% |
| Remuneration and social security | 454/9 | €16,242 | €12,458 | -€3,784 | -23.3% |
| Other amounts payable | 47/48 | €976 | €10,325 | +€9,349 | +958% |
| Accrued charges and deferred income | 492/3 | €0 | €24,053 | +€24,053 | |
| Non-recurring operating income | 76A | €0 | €3,786 | +€3,786 | |
| Remuneration, social security and pensions | 62 | €66,805 | €101,220 | +€34,415 | +51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,486 | €18,092 | -€2,394 | -11.7% |
| Other operating charges | 640/8 | €4,200 | €1,327 | -€2,873 | -68.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €98,962 | €132,549 | +€33,587 | +33.9% |
| Operating profit (loss) | 9901 | €7,471 | €11,911 | +€4,440 | +59.4% |
| Financial income | 75/76B | €16 | €1,784 | +€1,768 | +10,747% |
| Recurring financial income | 75 | €16 | €1,784 | +€1,768 | +10,747% |
| Financial charges | 65/66B | €3,283 | €3,191 | -€92 | -2.8% |
| Recurring financial charges | 65 | €3,283 | €3,191 | -€92 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €4,204 | €10,504 | +€6,300 | +150% |
| Income taxes | 67/77 | €3,176 | €9,899 | +€6,723 | +212% |
| Profit (loss) for the period | 9904 | €1,028 | €605 | -€423 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,028 | €605 | -€423 | -41.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.