RAAL Services: 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.
RAAL Services
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+52.0%), from €2.8m to €4.2m
of which Other amounts receivable: +€3.0m
- Tangible fixed assets -€317,992
down €317,992 (-5.3%), from €6.0m to €5.7m
of which Land and buildings: -€294,858
- Debts within one year +€3.9m
up €3.9m (+75.0%), from €5.3m to €9.2m
- Debts after one year -€1.9m
down €1.9m (-85.8%), from €2.2m to €312,319
- Profit (loss) carried forward -€474,810
down €474,810 (-94.8%), from -€500,774 to -€975,584
- Accrued charges and deferred income -€343,424
down €343,424 (-95.6%), from €359,162 to €15,737
- Investment grants -€112,668
down €112,668 (-7.4%), from €1.5m to €1.4m
- Financial charges +€88,393
up €88,393 (+700%), from €12,632 to €101,025
of which Non-recurring financial charges: +€94,620
- Gross operating margin -€51,604
down €51,604 (-19.2%), from €268,327 to €216,723
- Staff costs +€50,025
up €50,025 (+23.2%), from €215,504 to €265,529
- Other operating charges -€12,347
down €12,347 (-57.8%), from €21,366 to €9,019
- Depreciation +€10,252
up €10,252 (+2.5%), from €417,953 to €428,205
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 | €8,838,757 | €9,964,676 | +€1.1m | +12.7% |
| Fixed assets | 21/28 | €6,007,328 | €5,689,336 | -€317,992 | -5.3% |
| Tangible fixed assets | 22/27 | €6,007,328 | €5,689,336 | -€317,992 | -5.3% |
| Land and buildings | 22 | €5,411,654 | €5,116,797 | -€294,858 | -5.4% |
| Plant, machinery and equipment | 23 | €373,029 | €379,557 | +€6,527 | +1.7% |
| Furniture and vehicles | 24 | €181,792 | €177,334 | -€4,458 | -2.5% |
| Other tangible fixed assets | 26 | €8,648 | €8,648 | = | 0.0% |
| Assets under construction and advance payments | 27 | €32,204 | €7,000 | -€25,204 | -78.3% |
| Current assets | 29/58 | €2,831,429 | €4,275,340 | +€1.4m | +51.0% |
| Stocks and contracts in progress | 3 | €22,412 | €22,009 | -€402 | -1.8% |
| Stocks | 30/36 | €22,412 | €22,009 | -€402 | -1.8% |
| Amounts receivable within one year | 40/41 | €2,767,289 | €4,206,361 | +€1.4m | +52.0% |
| Trade receivables | 40 | €2,507,869 | €958,020 | -€1.5m | -61.8% |
| Other amounts receivable | 41 | €259,420 | €3,248,341 | +€3.0m | +1,152% |
| Cash at bank and in hand | 54/58 | €20,472 | €33,019 | +€12,547 | +61.3% |
| Deferred charges and accrued income | 490/1 | €21,256 | €13,951 | -€7,305 | -34.4% |
| Total equity and liabilities | 10/49 | €8,838,757 | €9,964,676 | +€1.1m | +12.7% |
| Equity | 10/15 | €1,014,653 | €427,176 | -€587,477 | -57.9% |
| Profit (loss) carried forward | 14 | -€500,774 | -€975,584 | -€474,810 | -94.8% |
| Investment grants | 15 | €1,515,427 | €1,402,760 | -€112,668 | -7.4% |
| Amounts payable | 17/49 | €7,824,104 | €9,537,501 | +€1.7m | +21.9% |
| Amounts payable after more than one year | 17 | €2,201,134 | €312,319 | -€1.9m | -85.8% |
| Financial debts | 170/4 | €2,201,134 | €312,319 | -€1.9m | -85.8% |
| Amounts payable within one year | 42/48 | €5,263,808 | €9,209,445 | +€3.9m | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €98,222 | €1,909,998 | +€1.8m | +1,845% |
| Trade debts | 44 | €46,673 | €433,319 | +€386,645 | +828% |
| Suppliers | 440/4 | €46,673 | €433,319 | +€386,645 | +828% |
| Taxes, remuneration and social security | 45 | €39,367 | €378,256 | +€338,889 | +861% |
| Taxes | 450/3 | €10,722 | €334,108 | +€323,385 | +3,016% |
| Remuneration and social security | 454/9 | €28,645 | €44,149 | +€15,504 | +54.1% |
| Accrued charges and deferred income | 492/3 | €359,162 | €15,737 | -€343,424 | -95.6% |
| Non-recurring operating income | 76A | €3,804 | - | -€3,804 | |
| Remuneration, social security and pensions | 62 | €215,504 | €265,529 | +€50,025 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417,953 | €428,205 | +€10,252 | +2.5% |
| Other operating charges | 640/8 | €21,366 | €9,019 | -€12,347 | -57.8% |
| Gross operating margin | 9900 | €268,327 | €216,723 | -€51,604 | -19.2% |
| Operating profit (loss) | 9901 | -€386,496 | -€486,030 | -€99,534 | -25.8% |
| Financial income | 75/76B | €112,668 | €112,708 | +€40 | 0.0% |
| Recurring financial income | 75 | €112,668 | €112,708 | +€40 | 0.0% |
| Financial charges | 65/66B | €12,632 | €101,025 | +€88,393 | +700% |
| Recurring financial charges | 65 | €12,252 | €6,025 | -€6,227 | -50.8% |
| Non-recurring financial charges | 66B | €380 | €95,000 | +€94,620 | +24,900% |
| Profit (loss) for the period before taxes | 9903 | -€286,461 | -€474,348 | -€187,887 | -65.6% |
| Income taxes | 67/77 | €335 | €462 | +€127 | +37.9% |
| Profit (loss) for the period | 9904 | -€286,796 | -€474,810 | -€188,014 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€286,796 | -€474,810 | -€188,014 | -65.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.