RAAU: what changed
Two fiscal 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.
RAAU
Largest movements
- Cash -€42,028
down €42,028 (-49.0%), from €85,801 to €43,773
mainly Receivables within one year (-€36,549) and Investment in fixed assets (net) (-€6,964)
- Receivables within one year +€36,549
up €36,549 (+872.5%), from €4,189 to €40,738
of which Other amounts receivable: +€30,620
- Tangible fixed assets +€5,428
up €5,428 (+153.5%), from €3,537 to €8,966
of which Other tangible fixed assets: +€6,660
- Deferred charges and accrued income -€1,487
down €1,487 (-100.0%), from €1,487 to €0
- Reserves -€5,648
down €5,648 (-6.4%), from €88,178 to €82,530
- Tax, wage and social debts +€5,257
up €5,257 (+223.2%), from €2,355 to €7,613
of which Remuneration and social security: +€3,041
- Trade debts -€951
down €951 (-75.0%), from €1,268 to €317
- Gross operating margin -€3,283
down €3,283, from €1,722 to -€1,562
- Other operating charges +€2,505
up €2,505 (+187.7%), from €1,335 to €3,840
- Financial income +€1,265
up €1,265 (+724.6%), from €175 to €1,439
- Taxes -€216
down €216 (-100.0%), from €216 to €0
- Financial charges -€138
down €138 (-48.0%), from €288 to €150
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.
Cash bridge derived
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 | €95,014 | €93,476 | -€1,538 | -1.6% |
| Fixed assets | 21/28 | €3,537 | €8,966 | +€5,428 | +153.5% |
| Tangible fixed assets | 22/27 | €3,537 | €8,966 | +€5,428 | +153.5% |
| Plant, machinery and equipment | 23 | €1,362 | €837 | -€525 | -38.5% |
| Furniture and vehicles | 24 | €2,175 | €1,469 | -€707 | -32.5% |
| Other tangible fixed assets | 26 | - | €6,660 | +€6,660 | |
| Current assets | 29/58 | €91,477 | €84,511 | -€6,966 | -7.6% |
| Amounts receivable within one year | 40/41 | €4,189 | €40,738 | +€36,549 | +872.5% |
| Trade receivables | 40 | €0 | €5,929 | +€5,929 | |
| Other amounts receivable | 41 | €4,189 | €34,809 | +€30,620 | +731.0% |
| Cash at bank and in hand | 54/58 | €85,801 | €43,773 | -€42,028 | -49.0% |
| Deferred charges and accrued income | 490/1 | €1,487 | €0 | -€1,487 | -100.0% |
| Total equity and liabilities | 10/49 | €95,014 | €93,476 | -€1,538 | -1.6% |
| Equity | 10/15 | €91,178 | €85,530 | -€5,648 | -6.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €88,178 | €82,530 | -€5,648 | -6.4% |
| Distributable reserves | 133 | €88,178 | €82,530 | -€5,648 | -6.4% |
| Amounts payable | 17/49 | €3,836 | €7,946 | +€4,110 | +107.1% |
| Amounts payable within one year | 42/48 | €3,836 | €7,946 | +€4,110 | +107.1% |
| Financial debts | 43 | €213 | €16 | -€197 | -92.4% |
| Credit institutions | 430/8 | €213 | €16 | -€197 | -92.4% |
| Trade debts | 44 | €1,268 | €317 | -€951 | -75.0% |
| Suppliers | 440/4 | €1,268 | €317 | -€951 | -75.0% |
| Taxes, remuneration and social security | 45 | €2,355 | €7,613 | +€5,257 | +223.2% |
| Taxes | 450/3 | €2,355 | €4,571 | +€2,216 | +94.1% |
| Remuneration and social security | 454/9 | - | €3,041 | +€3,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €1,536 | +€84 | +5.8% |
| Other operating charges | 640/8 | €1,335 | €3,840 | +€2,505 | +187.7% |
| Gross operating margin | 9900 | €1,722 | -€1,562 | -€3,283 | |
| Operating profit (loss) | 9901 | -€1,065 | -€6,938 | -€5,872 | -551.2% |
| Financial income | 75/76B | €175 | €1,439 | +€1,265 | +724.6% |
| Recurring financial income | 75 | €175 | €1,439 | +€1,265 | +724.6% |
| Financial charges | 65/66B | €288 | €150 | -€138 | -48.0% |
| Recurring financial charges | 65 | €288 | €150 | -€138 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,179 | -€5,648 | -€4,469 | -379.0% |
| Income taxes | 67/77 | €216 | €0 | -€216 | -100.0% |
| Profit (loss) for the period | 9904 | -€1,395 | -€5,648 | -€4,253 | -304.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,395 | -€5,648 | -€4,253 | -304.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.