Raemaekers: 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.
Raemaekers
Largest movements
- Receivables within one year -€48,410
down €48,410 (-64.2%), from €75,463 to €27,053
of which Trade receivables: -€48,843
- Tangible fixed assets -€45,084
down €45,084 (-5.8%), from €773,307 to €728,223
of which Land and buildings: -€47,862
- Intangible fixed assets -€28,030
down €28,030 (-28.1%), from €99,832 to €71,803
- Other debts -€119,743
down €119,743 (-49.9%), from €240,161 to €120,418
- Debts after one year -€24,988
down €24,988 (-17.7%), from €140,977 to €115,989
- Reserves +€13,058
up €13,058 (+3.4%), from €383,317 to €396,376
of which Distributable reserves: +€13,058
- Taxes +€8,396
up €8,396 (+47.4%), from €17,722 to €26,118
- Depreciation -€7,668
down €7,668 (-8.8%), from €86,897 to €79,229
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €973,266 | €853,453 | -€119,814 | -12.3% |
| Fixed assets | 21/28 | €873,139 | €800,025 | -€73,114 | -8.4% |
| Intangible fixed assets | 21 | €99,832 | €71,803 | -€28,030 | -28.1% |
| Tangible fixed assets | 22/27 | €773,307 | €728,223 | -€45,084 | -5.8% |
| Land and buildings | 22 | €756,989 | €709,127 | -€47,862 | -6.3% |
| Plant, machinery and equipment | 23 | €15,933 | €18,843 | +€2,910 | +18.3% |
| Furniture and vehicles | 24 | €385 | €253 | -€132 | -34.3% |
| Current assets | 29/58 | €100,127 | €53,427 | -€46,700 | -46.6% |
| Amounts receivable within one year | 40/41 | €75,463 | €27,053 | -€48,410 | -64.2% |
| Trade receivables | 40 | €75,463 | €26,620 | -€48,843 | -64.7% |
| Other amounts receivable | 41 | €0 | €433 | +€433 | |
| Cash at bank and in hand | 54/58 | €19,455 | €20,652 | +€1,197 | +6.2% |
| Deferred charges and accrued income | 490/1 | €5,208 | €5,722 | +€514 | +9.9% |
| Total equity and liabilities | 10/49 | €973,266 | €853,453 | -€119,814 | -12.3% |
| Equity | 10/15 | €534,026 | €544,376 | +€10,350 | +1.9% |
| Contributions | 10/11 | €148,000 | €148,000 | = | 0.0% |
| Capital | 10 | €148,000 | €148,000 | = | 0.0% |
| Issued capital | 100 | €148,000 | €148,000 | = | 0.0% |
| Reserves | 13 | €383,317 | €396,376 | +€13,058 | +3.4% |
| Non-distributable reserves | 130/1 | €15,048 | €15,048 | = | 0.0% |
| Legal reserve | 130 | €14,800 | €14,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €248 | €248 | = | 0.0% |
| Tax-exempt reserves | 132 | €278 | €278 | = | 0.0% |
| Distributable reserves | 133 | €367,992 | €381,050 | +€13,058 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €2,708 | €0 | -€2,708 | -100% |
| Amounts payable | 17/49 | €439,241 | €309,077 | -€130,164 | -29.6% |
| Amounts payable after more than one year | 17 | €140,977 | €115,989 | -€24,988 | -17.7% |
| Financial debts | 170/4 | €140,977 | €115,989 | -€24,988 | -17.7% |
| Amounts payable within one year | 42/48 | €293,154 | €187,761 | -€105,393 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €24,709 | €24,988 | +€279 | +1.1% |
| Trade debts | 44 | €16,920 | €22,234 | +€5,314 | +31.4% |
| Suppliers | 440/4 | €16,920 | €22,234 | +€5,314 | +31.4% |
| Taxes, remuneration and social security | 45 | €11,364 | €20,120 | +€8,756 | +77.1% |
| Taxes | 450/3 | €11,364 | €20,120 | +€8,756 | +77.1% |
| Other amounts payable | 47/48 | €240,161 | €120,418 | -€119,743 | -49.9% |
| Accrued charges and deferred income | 492/3 | €5,110 | €5,328 | +€217 | +4.3% |
| Non-recurring operating income | 76A | - | €2,708 | +€2,708 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,897 | €79,229 | -€7,668 | -8.8% |
| Other operating charges | 640/8 | €20,219 | €20,604 | +€384 | +1.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €172,093 | €171,249 | -€844 | -0.5% |
| Operating profit (loss) | 9901 | €64,976 | €71,416 | +€6,440 | +9.9% |
| Financial income | 75/76B | - | €433 | +€433 | |
| Recurring financial income | 75 | - | €433 | +€433 | |
| Financial charges | 65/66B | €11,766 | €11,620 | -€146 | -1.2% |
| Recurring financial charges | 65 | €11,766 | €11,620 | -€146 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €53,210 | €60,229 | +€7,019 | +13.2% |
| Income taxes | 67/77 | €17,722 | €26,118 | +€8,396 | +47.4% |
| Profit (loss) for the period | 9904 | €35,488 | €34,111 | -€1,377 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,488 | €34,111 | -€1,377 | -3.9% |
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 16 October 2026 via checked.be.