RAC4 Development: 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.
RAC4 Development
Largest movements
- Stocks and contracts +€362,318
up €362,318 (+5.7%), from €6.4m to €6.7m
- Other debts +€421,240
up €421,240 (+14.4%), from €2.9m to €3.3m
- Profit (loss) carried forward -€131,951
down €131,951 (-24.0%), from -€550,053 to -€682,004
- Trade debts +€74,977
up €74,977 (+35.0%), from €214,249 to €289,226
- Goods and materials +€388,813
up €388,813, from €0 to €388,813
of which Change in stocks: decrease (increase): +€393,354
- Turnover +€24,586
up €24,586 (+1,287%), from €1,910 to €26,495
- Services and other goods -€8,374
down €8,374 (-47.1%), from €17,781 to €9,407
- Financial income -€3,076
down €3,076 (-100%), from €3,076 to €0
- Financial charges -€2,418
down €2,418 (-2.0%), from €123,963 to €121,545
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 | €6,591,257 | €6,955,523 | +€364,266 | +5.5% |
| Current assets | 29/58 | €6,591,257 | €6,955,523 | +€364,266 | +5.5% |
| Stocks and contracts in progress | 3 | €6,374,905 | €6,737,223 | +€362,318 | +5.7% |
| Stocks | 30/36 | €6,374,905 | €6,737,223 | +€362,318 | +5.7% |
| Property held for sale | 35 | €6,374,905 | €6,737,223 | +€362,318 | +5.7% |
| Amounts receivable within one year | 40/41 | €85,796 | €58,649 | -€27,147 | -31.6% |
| Trade receivables | 40 | €2,311 | €26,495 | +€24,185 | +1,047% |
| Other amounts receivable | 41 | €83,485 | €32,154 | -€51,331 | -61.5% |
| Cash at bank and in hand | 54/58 | €130,556 | €159,651 | +€29,095 | +22.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €6,591,257 | €6,955,523 | +€364,266 | +5.5% |
| Equity | 10/15 | €3,449,947 | €3,317,996 | -€131,951 | -3.8% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€550,053 | -€682,004 | -€131,951 | -24.0% |
| Amounts payable | 17/49 | €3,141,310 | €3,637,527 | +€496,217 | +15.8% |
| Amounts payable within one year | 42/48 | €3,141,310 | €3,637,527 | +€496,217 | +15.8% |
| Trade debts | 44 | €214,249 | €289,226 | +€74,977 | +35.0% |
| Suppliers | 440/4 | €214,249 | €289,226 | +€74,977 | +35.0% |
| Other amounts payable | 47/48 | €2,927,061 | €3,348,301 | +€421,240 | +14.4% |
| Operating income | 70/76A | €1,910 | €388,813 | +€386,903 | +20,258% |
| Turnover | 70 | €1,910 | €26,495 | +€24,586 | +1,287% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €362,318 | +€362,318 | |
| Other operating income | 74 | €0 | €0 | -€0 | -100% |
| Operating charges | 60/66A | €18,749 | €399,219 | +€380,470 | +2,029% |
| Goods for resale, raw materials and consumables | 60 | €0 | €388,813 | +€388,813 | |
| Purchases | 600/8 | €393,354 | €388,813 | -€4,541 | -1.2% |
| Change in stocks: decrease (increase) | 609 | -€393,354 | €0 | +€393,354 | |
| Services and other goods | 61 | €17,781 | €9,407 | -€8,374 | -47.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€16,839 | -€10,406 | +€6,433 | +38.2% |
| Financial income | 75/76B | €3,076 | €0 | -€3,076 | -100% |
| Recurring financial income | 75 | €3,076 | €0 | -€3,076 | -100% |
| Income from current assets | 751 | €3,076 | €0 | -€3,076 | -100% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €123,963 | €121,545 | -€2,418 | -2.0% |
| Recurring financial charges | 65 | €123,963 | €121,545 | -€2,418 | -2.0% |
| Debt charges | 650 | €112,579 | €121,240 | +€8,661 | +7.7% |
| Other financial charges | 652/9 | €11,384 | €305 | -€11,079 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | -€137,726 | -€131,951 | +€5,775 | +4.2% |
| Income taxes | 67/77 | -€386 | €0 | +€386 | |
| Taxes | 670/3 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | €386 | €0 | -€386 | -100% |
| Profit (loss) for the period | 9904 | -€137,340 | -€131,951 | +€5,389 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,340 | -€131,951 | +€5,389 | +3.9% |
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 14 October 2026 via checked.be.