Raam-werk: 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.
Raam-werk
Largest movements
- Tangible fixed assets +€15,572
up €15,572 (+38.6%), from €40,370 to €55,942
of which Other tangible fixed assets: +€31,879
- Cash +€11,989
up €11,989 (+32.3%), from €37,126 to €49,115
mainly Other debts (+€14,716) and Depreciation (+€14,261)
- Receivables within one year -€5,632
down €5,632 (-25.0%), from €22,557 to €16,925
of which Trade receivables: -€3,519
- Other debts +€14,716
up €14,716 (+56.5%), from €26,028 to €40,744
- Profit (loss) carried forward +€12,809
up €12,809 (+69.4%), from €18,468 to €31,277
- Debts after one year -€8,831
down €8,831 (-65.0%), from €13,588 to €4,757
- Trade debts +€3,221
up €3,221 (+25.4%), from €12,683 to €15,904
- Gross operating margin -€7,760
down €7,760 (-17.5%), from €44,271 to €36,511
- Other operating charges +€2,832
up €2,832 (+138%), from €2,058 to €4,891
- Financial charges +€1,439
up €1,439 (+118%), from €1,217 to €2,656
- Taxes +€1,326
up €1,326 (+76.1%), from €1,742 to €3,068
- Financial income +€1,164
up €1,164 (+11,831%), from €10 to €1,174
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 | €101,006 | €123,247 | +€22,241 | +22.0% |
| Fixed assets | 21/28 | €40,720 | €56,292 | +€15,572 | +38.2% |
| Tangible fixed assets | 22/27 | €40,370 | €55,942 | +€15,572 | +38.6% |
| Plant, machinery and equipment | 23 | €12,414 | €8,228 | -€4,185 | -33.7% |
| Furniture and vehicles | 24 | €7,343 | €4,403 | -€2,940 | -40.0% |
| Leasing and similar rights | 25 | €20,614 | €11,433 | -€9,181 | -44.5% |
| Other tangible fixed assets | 26 | - | €31,879 | +€31,879 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €60,285 | €66,955 | +€6,669 | +11.1% |
| Amounts receivable within one year | 40/41 | €22,557 | €16,925 | -€5,632 | -25.0% |
| Trade receivables | 40 | €18,825 | €15,306 | -€3,519 | -18.7% |
| Other amounts receivable | 41 | €3,732 | €1,619 | -€2,112 | -56.6% |
| Cash at bank and in hand | 54/58 | €37,126 | €49,115 | +€11,989 | +32.3% |
| Deferred charges and accrued income | 490/1 | €603 | €915 | +€313 | +51.9% |
| Total equity and liabilities | 10/49 | €101,006 | €123,247 | +€22,241 | +22.0% |
| Equity | 10/15 | €37,068 | €49,877 | +€12,809 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,468 | €31,277 | +€12,809 | +69.4% |
| Amounts payable | 17/49 | €63,938 | €73,370 | +€9,432 | +14.8% |
| Amounts payable after more than one year | 17 | €13,588 | €4,757 | -€8,831 | -65.0% |
| Financial debts | 170/4 | €13,588 | €4,757 | -€8,831 | -65.0% |
| Amounts payable within one year | 42/48 | €50,350 | €68,612 | +€18,262 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €8,889 | €8,831 | -€58 | -0.7% |
| Trade debts | 44 | €12,683 | €15,904 | +€3,221 | +25.4% |
| Suppliers | 440/4 | €12,683 | €15,904 | +€3,221 | +25.4% |
| Taxes, remuneration and social security | 45 | €2,749 | €3,134 | +€384 | +14.0% |
| Taxes | 450/3 | €2,749 | €3,134 | +€384 | +14.0% |
| Other amounts payable | 47/48 | €26,028 | €40,744 | +€14,716 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,620 | €14,261 | -€359 | -2.5% |
| Other operating charges | 640/8 | €2,058 | €4,891 | +€2,832 | +138% |
| Gross operating margin | 9900 | €44,271 | €36,511 | -€7,760 | -17.5% |
| Operating profit (loss) | 9901 | €27,593 | €17,360 | -€10,233 | -37.1% |
| Financial income | 75/76B | €10 | €1,174 | +€1,164 | +11,831% |
| Recurring financial income | 75 | €10 | €1,174 | +€1,164 | +11,831% |
| Financial charges | 65/66B | €1,217 | €2,656 | +€1,439 | +118% |
| Recurring financial charges | 65 | €1,217 | €2,656 | +€1,439 | +118% |
| Profit (loss) for the period before taxes | 9903 | €26,386 | €15,878 | -€10,508 | -39.8% |
| Income taxes | 67/77 | €1,742 | €3,068 | +€1,326 | +76.1% |
| Profit (loss) for the period | 9904 | €24,644 | €12,809 | -€11,834 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,644 | €12,809 | -€11,834 | -48.0% |
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 25 October 2026 via checked.be.