RAANA: 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.
RAANA
Largest movements
- Receivables within one year +€6,417
up €6,417 (+37.0%), from €17,335 to €23,752
of which Trade receivables: +€8,313
- Cash +€1,316
up €1,316 (+52.5%), from €2,506 to €3,822
mainly Other debts (+€13,720) and Net result for the year (+€1,802)
- Stocks and contracts -€921
down €921 (-7.8%), from €11,876 to €10,955
- Tangible fixed assets +€568
new in 2025: €568
- Other debts +€13,720
up €13,720 (+222%), from €6,188 to €19,908
- Trade debts -€8,142
down €8,142 (-43.7%), from €18,621 to €10,479
- Profit (loss) carried forward +€1,802
up €1,802 (+14.8%), from -€12,193 to -€10,391
- Other operating charges -€2,301
no longer reported in 2025 (was €2,301)
- Gross operating margin -€976
down €976 (-25.9%), from €3,776 to €2,800
- Financial charges +€880
up €880 (+812%), from €108 to €989
- Depreciation -€316
down €316 (-97.0%), from €326 to €10
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 | €31,716 | €39,097 | +€7,380 | +23.3% |
| Fixed assets | 21/28 | - | €568 | +€568 | |
| Tangible fixed assets | 22/27 | - | €568 | +€568 | |
| Furniture and vehicles | 24 | - | €568 | +€568 | |
| Current assets | 29/58 | €31,716 | €38,528 | +€6,812 | +21.5% |
| Stocks and contracts in progress | 3 | €11,876 | €10,955 | -€921 | -7.8% |
| Stocks | 30/36 | €11,876 | €10,955 | -€921 | -7.8% |
| Amounts receivable within one year | 40/41 | €17,335 | €23,752 | +€6,417 | +37.0% |
| Trade receivables | 40 | €14,687 | €23,000 | +€8,313 | +56.6% |
| Other amounts receivable | 41 | €2,647 | €752 | -€1,896 | -71.6% |
| Cash at bank and in hand | 54/58 | €2,506 | €3,822 | +€1,316 | +52.5% |
| Total equity and liabilities | 10/49 | €31,716 | €39,097 | +€7,380 | +23.3% |
| Equity | 10/15 | €6,907 | €8,709 | +€1,802 | +26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,193 | -€10,391 | +€1,802 | +14.8% |
| Amounts payable | 17/49 | €24,810 | €30,388 | +€5,578 | +22.5% |
| Amounts payable within one year | 42/48 | €24,810 | €30,388 | +€5,578 | +22.5% |
| Trade debts | 44 | €18,621 | €10,479 | -€8,142 | -43.7% |
| Suppliers | 440/4 | €18,621 | €10,479 | -€8,142 | -43.7% |
| Other amounts payable | 47/48 | €6,188 | €19,908 | +€13,720 | +222% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €10 | -€316 | -97.0% |
| Other operating charges | 640/8 | €2,301 | - | -€2,301 | |
| Gross operating margin | 9900 | €3,776 | €2,800 | -€976 | -25.9% |
| Operating profit (loss) | 9901 | €1,149 | €2,790 | +€1,642 | +143% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €108 | €989 | +€880 | +812% |
| Recurring financial charges | 65 | €108 | €989 | +€880 | +812% |
| Profit (loss) for the period before taxes | 9903 | €1,040 | €1,802 | +€762 | +73.2% |
| Profit (loss) for the period | 9904 | €1,040 | €1,802 | +€762 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,040 | €1,802 | +€762 | +73.2% |
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 17 October 2026 via checked.be.