RACINES: 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.
RACINES
Largest movements
- Tangible fixed assets -€64,815
down €64,815 (-3.0%), from €2.1m to €2.1m
- Debts after one year -€126,785
down €126,785 (-8.3%), from €1.5m to €1.4m
- Profit (loss) carried forward +€85,507
up €85,507 (+51.7%), from €165,280 to €250,787
- Other debts -€40,000
down €40,000 (-12.9%), from €309,223 to €269,223
- Gross operating margin +€14,095
up €14,095 (+7.1%), from €197,613 to €211,709
- Depreciation -€5,722
down €5,722 (-8.1%), from €70,537 to €64,815
- Taxes +€5,034
up €5,034 (+21.1%), from €23,914 to €28,947
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 | €2,170,515 | €2,098,912 | -€71,603 | -3.3% |
| Fixed assets | 21/28 | €2,127,790 | €2,062,975 | -€64,815 | -3.0% |
| Tangible fixed assets | 22/27 | €2,127,790 | €2,062,975 | -€64,815 | -3.0% |
| Land and buildings | 22 | €2,127,790 | €2,062,975 | -€64,815 | -3.0% |
| Current assets | 29/58 | €42,725 | €35,937 | -€6,788 | -15.9% |
| Cash at bank and in hand | 54/58 | €42,437 | €35,937 | -€6,500 | -15.3% |
| Deferred charges and accrued income | 490/1 | €288 | - | -€288 | |
| Total equity and liabilities | 10/49 | €2,170,515 | €2,098,912 | -€71,603 | -3.3% |
| Equity | 10/15 | €187,280 | €272,787 | +€85,507 | +45.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,280 | €250,787 | +€85,507 | +51.7% |
| Amounts payable | 17/49 | €1,983,234 | €1,826,125 | -€157,109 | -7.9% |
| Amounts payable after more than one year | 17 | €1,536,399 | €1,409,614 | -€126,785 | -8.3% |
| Financial debts | 170/4 | €1,536,399 | €1,409,614 | -€126,785 | -8.3% |
| Amounts payable within one year | 42/48 | €446,835 | €415,859 | -€30,976 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €124,640 | €126,785 | +€2,145 | +1.7% |
| Trade debts | 44 | €1,988 | €1,490 | -€498 | -25.0% |
| Suppliers | 440/4 | €1,988 | €1,490 | -€498 | -25.0% |
| Taxes, remuneration and social security | 45 | €10,984 | €18,361 | +€7,377 | +67.2% |
| Taxes | 450/3 | €10,984 | €18,361 | +€7,377 | +67.2% |
| Other amounts payable | 47/48 | €309,223 | €269,223 | -€40,000 | -12.9% |
| Accrued charges and deferred income | 492/3 | - | €652 | +€652 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,537 | €64,815 | -€5,722 | -8.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €197,613 | €211,709 | +€14,095 | +7.1% |
| Operating profit (loss) | 9901 | €126,109 | €145,895 | +€19,786 | +15.7% |
| Financial charges | 65/66B | €33,508 | €31,441 | -€2,068 | -6.2% |
| Recurring financial charges | 65 | €33,508 | €31,441 | -€2,068 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €92,600 | €114,454 | +€21,854 | +23.6% |
| Income taxes | 67/77 | €23,914 | €28,947 | +€5,034 | +21.1% |
| Profit (loss) for the period | 9904 | €68,687 | €85,507 | +€16,820 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,687 | €85,507 | +€16,820 | +24.5% |
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 11 October 2026 via checked.be.