RACHAD: 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.
RACHAD
Largest movements
- Cash +€53,447
up €53,447 (+103.5%), from €51,640 to €105,087
mainly Net result for the year (+€45,118) and Tax, wage and social debts (+€10,352)
- Receivables within one year +€1,223
new in 2025: €1,223
- Profit (loss) carried forward +€45,118
up €45,118, from €0 to €45,118
- Tax, wage and social debts +€10,352
up €10,352 (+82.4%), from €12,556 to €22,908
- Turnover +€99,055
new in 2025: €99,055
- Gross operating margin +€60,506
up €60,506, from -€409 to €60,097
- Taxes +€14,402
new in 2025: €14,402
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 | €51,743 | €107,319 | +€55,576 | +107.4% |
| Fixed assets | 21/28 | - | €907 | +€907 | |
| Tangible fixed assets | 22/27 | - | €907 | +€907 | |
| Furniture and vehicles | 24 | - | €907 | +€907 | |
| Current assets | 29/58 | €51,743 | €106,412 | +€54,670 | +105.7% |
| Amounts receivable within one year | 40/41 | - | €1,223 | +€1,223 | |
| Other amounts receivable | 41 | - | €1,223 | +€1,223 | |
| Cash at bank and in hand | 54/58 | €51,640 | €105,087 | +€53,447 | +103.5% |
| Deferred charges and accrued income | 490/1 | €102 | €103 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €51,743 | €107,319 | +€55,576 | +107.4% |
| Equity | 10/15 | €3,000 | €48,118 | +€45,118 | +1503.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €45,118 | +€45,118 | |
| Amounts payable | 17/49 | €48,743 | €59,201 | +€10,459 | +21.5% |
| Amounts payable within one year | 42/48 | €48,743 | €59,201 | +€10,459 | +21.5% |
| Trade debts | 44 | €81 | €187 | +€107 | +132.0% |
| Suppliers | 440/4 | €81 | €187 | +€107 | +132.0% |
| Taxes, remuneration and social security | 45 | €12,556 | €22,908 | +€10,352 | +82.4% |
| Taxes | 450/3 | €12,556 | €22,908 | +€10,352 | +82.4% |
| Other amounts payable | 47/48 | €36,106 | €36,106 | = | 0.0% |
| Turnover | 70 | - | €99,055 | +€99,055 | |
| Goods, raw materials, services and sundry goods | 60/61 | €39,851 | €39,612 | -€238 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €392 | +€392 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€409 | €60,097 | +€60,506 | |
| Operating profit (loss) | 9901 | -€797 | €59,704 | +€60,501 | |
| Financial charges | 65/66B | €241 | €185 | -€56 | -23.1% |
| Recurring financial charges | 65 | €241 | €185 | -€56 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,037 | €59,520 | +€60,557 | |
| Income taxes | 67/77 | - | €14,402 | +€14,402 | |
| Profit (loss) for the period | 9904 | -€1,037 | €45,118 | +€46,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,037 | €45,118 | +€46,155 |
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 8 October 2026 via checked.be.