Raaymakers: 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.
Raaymakers
Largest movements
- Tangible fixed assets -€6,806
down €6,806 (-52.7%), from €12,912 to €6,107
of which Leasing and similar rights: -€6,279
- Cash +€6,370
up €6,370 (+32.4%), from €19,662 to €26,033
mainly Depreciation (+€9,433) and Other debts (+€7,180)
- Receivables within one year +€2,437
up €2,437 (+14.1%), from €17,324 to €19,761
of which Trade receivables: +€3,000
- Other debts +€7,180
up €7,180 (+373.0%), from €1,925 to €9,105
- Current portion of long-term debt -€4,905
no longer reported in 2025 (was €4,905)
- Profit (loss) carried forward -€930
down €930 (-15.9%), from -€5,855 to -€6,785
- Gross operating margin -€5,813
down €5,813 (-40.0%), from €14,526 to €8,713
- Depreciation -€3,862
down €3,862 (-29.0%), from €13,295 to €9,433
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 | €50,697 | €52,553 | +€1,856 | +3.7% |
| Fixed assets | 21/28 | €12,912 | €6,107 | -€6,806 | -52.7% |
| Tangible fixed assets | 22/27 | €12,912 | €6,107 | -€6,806 | -52.7% |
| Plant, machinery and equipment | 23 | €405 | - | -€405 | |
| Furniture and vehicles | 24 | €6,229 | €6,107 | -€122 | -2.0% |
| Leasing and similar rights | 25 | €6,279 | - | -€6,279 | |
| Current assets | 29/58 | €37,785 | €46,446 | +€8,662 | +22.9% |
| Amounts receivable within one year | 40/41 | €17,324 | €19,761 | +€2,437 | +14.1% |
| Trade receivables | 40 | €16,000 | €19,000 | +€3,000 | +18.8% |
| Other amounts receivable | 41 | €1,324 | €761 | -€563 | -42.5% |
| Cash at bank and in hand | 54/58 | €19,662 | €26,033 | +€6,370 | +32.4% |
| Deferred charges and accrued income | 490/1 | €798 | €653 | -€145 | -18.2% |
| Total equity and liabilities | 10/49 | €50,697 | €52,553 | +€1,856 | +3.7% |
| Equity | 10/15 | €39,680 | €38,750 | -€930 | -2.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,535 | €40,535 | = | 0.0% |
| Distributable reserves | 133 | €40,535 | €40,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,855 | -€6,785 | -€930 | -15.9% |
| Amounts payable | 17/49 | €11,017 | €13,803 | +€2,786 | +25.3% |
| Amounts payable within one year | 42/48 | €11,017 | €13,803 | +€2,786 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €4,905 | - | -€4,905 | |
| Trade debts | 44 | €1,530 | €1,805 | +€274 | +17.9% |
| Suppliers | 440/4 | €1,530 | €1,805 | +€274 | +17.9% |
| Taxes, remuneration and social security | 45 | €2,657 | €2,894 | +€236 | +8.9% |
| Taxes | 450/3 | €237 | €454 | +€217 | +91.5% |
| Remuneration and social security | 454/9 | €2,420 | €2,440 | +€19 | +0.8% |
| Other amounts payable | 47/48 | €1,925 | €9,105 | +€7,180 | +373.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,295 | €9,433 | -€3,862 | -29.0% |
| Gross operating margin | 9900 | €14,526 | €8,713 | -€5,813 | -40.0% |
| Operating profit (loss) | 9901 | €1,231 | -€721 | -€1,952 | |
| Financial income | 75/76B | €8 | €8 | -€1 | -6.6% |
| Recurring financial income | 75 | €8 | €8 | -€1 | -6.6% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €1,239 | -€713 | -€1,952 | |
| Income taxes | 67/77 | €237 | €217 | -€20 | -8.5% |
| Profit (loss) for the period | 9904 | €1,002 | -€930 | -€1,932 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,002 | -€930 | -€1,932 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.