RACO: 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.
RACO
Largest movements
- Cash -€2,460
down €2,460 (-3.6%), from €69,137 to €66,678
mainly Net result for the year (-€1,908) and Trade debts (-€339)
- Profit (loss) carried forward -€1,908
down €1,908 (-39.4%), from -€4,844 to -€6,752
- Depreciation -€506
no longer reported in 2025 (was €506)
- Other operating charges +€344
up €344 (+172.1%), from €200 to €544
- Gross operating margin +€159
up €159 (+13.1%), from -€1,212 to -€1,054
- Financial charges +€33
up €33 (+11.8%), from €277 to €310
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 | €74,074 | €71,828 | -€2,247 | -3.0% |
| Current assets | 29/58 | €74,074 | €71,828 | -€2,247 | -3.0% |
| Amounts receivable within one year | 40/41 | €4,937 | €5,150 | +€213 | +4.3% |
| Other amounts receivable | 41 | €4,937 | €5,150 | +€213 | +4.3% |
| Cash at bank and in hand | 54/58 | €69,137 | €66,678 | -€2,460 | -3.6% |
| Total equity and liabilities | 10/49 | €74,074 | €71,828 | -€2,247 | -3.0% |
| Equity | 10/15 | €72,297 | €70,389 | -€1,908 | -2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €15,142 | €15,142 | = | 0.0% |
| Distributable reserves | 133 | €15,142 | €15,142 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,844 | -€6,752 | -€1,908 | -39.4% |
| Amounts payable | 17/49 | €1,777 | €1,438 | -€339 | -19.1% |
| Amounts payable within one year | 42/48 | €1,777 | €1,438 | -€339 | -19.1% |
| Trade debts | 44 | €339 | - | -€339 | |
| Suppliers | 440/4 | €339 | - | -€339 | |
| Other amounts payable | 47/48 | €1,438 | €1,438 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | - | -€506 | |
| Other operating charges | 640/8 | €200 | €544 | +€344 | +172.1% |
| Gross operating margin | 9900 | -€1,212 | -€1,054 | +€159 | +13.1% |
| Operating profit (loss) | 9901 | -€1,918 | -€1,598 | +€320 | +16.7% |
| Financial charges | 65/66B | €277 | €310 | +€33 | +11.8% |
| Recurring financial charges | 65 | €277 | €310 | +€33 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,195 | -€1,908 | +€288 | +13.1% |
| Profit (loss) for the period | 9904 | -€2,195 | -€1,908 | +€288 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,195 | -€1,908 | +€288 | +13.1% |
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 10 October 2026 via checked.be.