RACADAN: 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.
RACADAN
Largest movements
- Deferred charges and accrued income -€3,471
down €3,471 (-38.3%), from €9,055 to €5,583
- Cash +€1,938
new in 2025: €1,938
mainly Deferred charges and accrued income (+€3,471) and Other debts (+€1,589)
- Tangible fixed assets +€1,183
up €1,183 (+45.2%), from €2,620 to €3,804
of which Plant, machinery and equipment: +€1,479
- Other debts +€1,589
up €1,589 (+46.2%), from €3,437 to €5,026
- Short-term financial debts -€1,534
no longer reported in 2025 (was €1,534)
- Profit (loss) carried forward -€477
down €477 (-3.8%), from -€12,521 to -€12,998
- Tax, wage and social debts +€147
up €147 (+6.9%), from €2,134 to €2,281
- Depreciation +€424
up €424 (+51.9%), from €817 to €1,241
- Gross operating margin +€254
up €254 (+6.4%), from €3,991 to €4,245
- Taxes +€129
up €129 (+6.0%), from €2,152 to €2,281
- Financial charges +€99
up €99 (+25.7%), from €385 to €483
- Other operating charges -€80
down €80 (-10.0%), from €797 to €717
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 | €11,675 | €11,325 | -€350 | -3.0% |
| Fixed assets | 21/28 | €2,620 | €3,804 | +€1,183 | +45.2% |
| Tangible fixed assets | 22/27 | €2,620 | €3,804 | +€1,183 | +45.2% |
| Plant, machinery and equipment | 23 | - | €1,479 | +€1,479 | |
| Furniture and vehicles | 24 | €2,620 | €2,324 | -€296 | -11.3% |
| Current assets | 29/58 | €9,055 | €7,521 | -€1,533 | -16.9% |
| Cash at bank and in hand | 54/58 | - | €1,938 | +€1,938 | |
| Deferred charges and accrued income | 490/1 | €9,055 | €5,583 | -€3,471 | -38.3% |
| Total equity and liabilities | 10/49 | €11,675 | €11,325 | -€350 | -3.0% |
| Equity | 10/15 | €694 | €217 | -€477 | -68.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €5,155 | €5,155 | = | 0.0% |
| Distributable reserves | 133 | €5,155 | €5,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,521 | -€12,998 | -€477 | -3.8% |
| Amounts payable | 17/49 | €10,981 | €11,108 | +€127 | +1.2% |
| Amounts payable within one year | 42/48 | €10,981 | €11,108 | +€127 | +1.2% |
| Financial debts | 43 | €1,534 | - | -€1,534 | |
| Credit institutions | 430/8 | €1,534 | - | -€1,534 | |
| Trade debts | 44 | €3,877 | €3,801 | -€75 | -1.9% |
| Suppliers | 440/4 | €3,877 | €3,801 | -€75 | -1.9% |
| Taxes, remuneration and social security | 45 | €2,134 | €2,281 | +€147 | +6.9% |
| Taxes | 450/3 | €2,134 | €2,281 | +€147 | +6.9% |
| Other amounts payable | 47/48 | €3,437 | €5,026 | +€1,589 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €817 | €1,241 | +€424 | +51.9% |
| Other operating charges | 640/8 | €797 | €717 | -€80 | -10.0% |
| Gross operating margin | 9900 | €3,991 | €4,245 | +€254 | +6.4% |
| Operating profit (loss) | 9901 | €2,377 | €2,287 | -€90 | -3.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €385 | €483 | +€99 | +25.7% |
| Recurring financial charges | 65 | €385 | €483 | +€99 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €1,993 | €1,804 | -€189 | -9.5% |
| Income taxes | 67/77 | €2,152 | €2,281 | +€129 | +6.0% |
| Profit (loss) for the period | 9904 | -€160 | -€477 | -€318 | -199% |
| Profit (loss) for the period to be appropriated | 9905 | -€160 | -€477 | -€318 | -199% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.