Racha NAIM: 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.
What changed
Racha NAIM
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€90,261
2024 · €83,826+€6,434
Equity
€332,886
2024 · €242,625+€90,261
Cash
€60,396
2024 · €55,301+€5,095
Balance sheet total
€1.2m
2024 · €1.2m+€300
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€90,261
up €90,261 (+40.3%), from €224,025 to €314,286
- Debts after one year -€86,396
down €86,396 (-14.0%), from €616,293 to €529,897
Income statement
- Financial charges -€5,798
down €5,798 (-18.5%), from €31,281 to €25,483
- Staff costs -€2,210
down €2,210 (-100%), from €2,210 to €0
- Taxes +€1,922
up €1,922 (+8.2%), from €23,397 to €25,319
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.
Result 2024
€83,826
Gross operating margin
+€1,204
Staff costs
+€2,210
Depreciation
-€164
Other operating charges
-€616
Financial income
-€75
Financial charges
+€5,798
Taxes
-€1,922
Result 2025
€90,261
raises the resultlowers the result
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.
From operations
+€95,763
Investment
-€1,130
Financing
-€89,539
Cash 2024
€55,301
From operations (derived)
+€95,763
Net result for the year
+€90,261
Depreciation
+€5,968
Smaller working-capital items
-€242
Trade debts
-€716
Tax, wage and social debts
-€9,735
Other debts
+€10,227
Investment (derived)
-€1,130
Investment in fixed assets (net)
-€1,130
Financing
-€89,539
Debts after one year
-€86,396
Current portion of long-term debt
+€2,973
Short-term financial debts
-€6,116
Cash 2025
€60,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,207,892 | €1,208,192 | +€300 | 0.0% |
| Fixed assets | 21/28 | €1,151,664 | €1,146,826 | -€4,839 | -0.4% |
| Tangible fixed assets | 22/27 | €14,710 | €9,871 | -€4,839 | -32.9% |
| Furniture and vehicles | 24 | €14,710 | €9,871 | -€4,839 | -32.9% |
| Financial fixed assets | 28 | €1,136,954 | €1,136,954 | = | 0.0% |
| Current assets | 29/58 | €56,228 | €61,366 | +€5,138 | +9.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €55,301 | €60,396 | +€5,095 | +9.2% |
| Deferred charges and accrued income | 490/1 | €927 | €971 | +€44 | +4.7% |
| Total equity and liabilities | 10/49 | €1,207,892 | €1,208,192 | +€300 | 0.0% |
| Equity | 10/15 | €242,625 | €332,886 | +€90,261 | +37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €224,025 | €314,286 | +€90,261 | +40.3% |
| Distributable reserves | 133 | €224,025 | €314,286 | +€90,261 | +40.3% |
| Amounts payable | 17/49 | €965,267 | €875,306 | -€89,961 | -9.3% |
| Amounts payable after more than one year | 17 | €616,293 | €529,897 | -€86,396 | -14.0% |
| Financial debts | 170/4 | €616,293 | €529,897 | -€86,396 | -14.0% |
| Amounts payable within one year | 42/48 | €348,776 | €345,409 | -€3,366 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €83,423 | €86,396 | +€2,973 | +3.6% |
| Financial debts | 43 | €6,116 | €0 | -€6,116 | -100% |
| Credit institutions | 430/8 | €6,116 | €0 | -€6,116 | -100% |
| Trade debts | 44 | €1,478 | €762 | -€716 | -48.4% |
| Suppliers | 440/4 | €1,478 | €762 | -€716 | -48.4% |
| Taxes, remuneration and social security | 45 | €22,305 | €12,570 | -€9,735 | -43.6% |
| Taxes | 450/3 | €20,187 | €12,570 | -€7,617 | -37.7% |
| Remuneration and social security | 454/9 | €2,118 | €0 | -€2,118 | -100% |
| Other amounts payable | 47/48 | €235,454 | €245,681 | +€10,227 | +4.3% |
| Accrued charges and deferred income | 492/3 | €199 | €0 | -€199 | -100% |
| Remuneration, social security and pensions | 62 | €2,210 | €0 | -€2,210 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,804 | €5,968 | +€164 | +2.8% |
| Other operating charges | 640/8 | €567 | €1,183 | +€616 | +109% |
| Gross operating margin | 9900 | €147,011 | €148,214 | +€1,204 | +0.8% |
| Operating profit (loss) | 9901 | €138,429 | €141,063 | +€2,634 | +1.9% |
| Financial income | 75/76B | €75 | €0 | -€75 | -100% |
| Recurring financial income | 75 | €75 | €0 | -€75 | -100% |
| Financial charges | 65/66B | €31,281 | €25,483 | -€5,798 | -18.5% |
| Recurring financial charges | 65 | €31,281 | €25,483 | -€5,798 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €107,223 | €115,580 | +€8,357 | +7.8% |
| Income taxes | 67/77 | €23,397 | €25,319 | +€1,922 | +8.2% |
| Profit (loss) for the period | 9904 | €83,826 | €90,261 | +€6,434 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,826 | €90,261 | +€6,434 | +7.7% |
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 15 October 2026 via checked.be.