RaeMa Consult: 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.
RaeMa Consult
Largest movements
- Cash +€47,562
up €47,562 (+48.8%), from €97,373 to €144,934
mainly Net result for the year (+€76,157) and Depreciation (+€1,286)
- Receivables within one year +€17,572
up €17,572 (+124%), from €14,220 to €31,793
of which Trade receivables: +€18,327
- Current investments +€9,901
new in 2026: €9,901
- Reserves +€75,324
up €75,324 (+105%), from €71,804 to €147,128
- Gross operating margin +€2,000
up €2,000 (+1.9%), from €104,410 to €106,410
- Financial charges -€1,970
down €1,970 (-91.5%), from €2,154 to €184
of which Non-recurring financial charges: -€2,153
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,263 | €190,031 | +€73,768 | +63.4% |
| Fixed assets | 21/28 | €4,670 | €3,384 | -€1,286 | -27.5% |
| Tangible fixed assets | 22/27 | €4,670 | €3,384 | -€1,286 | -27.5% |
| Plant, machinery and equipment | 23 | €3,033 | €2,314 | -€719 | -23.7% |
| Furniture and vehicles | 24 | €1,637 | €1,070 | -€567 | -34.6% |
| Current assets | 29/58 | €111,593 | €186,647 | +€75,054 | +67.3% |
| Amounts receivable within one year | 40/41 | €14,220 | €31,793 | +€17,572 | +124% |
| Trade receivables | 40 | €13,466 | €31,793 | +€18,327 | +136% |
| Other amounts receivable | 41 | €755 | - | -€755 | |
| Current investments | 50/53 | - | €9,901 | +€9,901 | |
| Cash at bank and in hand | 54/58 | €97,373 | €144,934 | +€47,562 | +48.8% |
| Deferred charges and accrued income | 490/1 | - | €19 | +€19 | |
| Total equity and liabilities | 10/49 | €116,263 | €190,031 | +€73,768 | +63.4% |
| Equity | 10/15 | €75,804 | €151,128 | +€75,324 | +99.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €71,804 | €147,128 | +€75,324 | +105% |
| Distributable reserves | 133 | €71,804 | €147,128 | +€75,324 | +105% |
| Amounts payable | 17/49 | €40,459 | €38,903 | -€1,556 | -3.8% |
| Amounts payable within one year | 42/48 | €40,359 | €38,903 | -€1,456 | -3.6% |
| Trade debts | 44 | €1,992 | €2,426 | +€434 | +21.8% |
| Suppliers | 440/4 | €1,992 | €2,426 | +€434 | +21.8% |
| Taxes, remuneration and social security | 45 | €37,508 | €35,871 | -€1,637 | -4.4% |
| Taxes | 450/3 | €35,933 | €35,871 | -€62 | -0.2% |
| Remuneration and social security | 454/9 | €1,575 | - | -€1,575 | |
| Other amounts payable | 47/48 | €859 | €607 | -€252 | -29.4% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €1,286 | +€190 | +17.4% |
| Other operating charges | 640/8 | €189 | €67 | -€122 | -64.6% |
| Gross operating margin | 9900 | €104,410 | €106,410 | +€2,000 | +1.9% |
| Operating profit (loss) | 9901 | €103,126 | €105,057 | +€1,932 | +1.9% |
| Financial income | 75/76B | - | €609 | +€609 | |
| Recurring financial income | 75 | - | €609 | +€609 | |
| Financial charges | 65/66B | €2,154 | €184 | -€1,970 | -91.5% |
| Recurring financial charges | 65 | €1 | €184 | +€183 | +17,722% |
| Non-recurring financial charges | 66B | €2,153 | - | -€2,153 | |
| Profit (loss) for the period before taxes | 9903 | €100,972 | €105,483 | +€4,511 | +4.5% |
| Income taxes | 67/77 | €28,309 | €29,327 | +€1,017 | +3.6% |
| Profit (loss) for the period | 9904 | €72,663 | €76,157 | +€3,494 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,663 | €76,157 | +€3,494 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.