Raepers JS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Raepers JS
Largest movements
- Cash +€27,724
up €27,724 (+27.9%), from €99,233 to €126,957
mainly Net result for the year (+€23,433) and Depreciation (+€12,096)
- Stocks and contracts -€7,694
down €7,694 (-4.1%), from €189,604 to €181,911
- Tangible fixed assets -€6,638
down €6,638 (-20.1%), from €32,997 to €26,359
of which Furniture and vehicles: -€11,815
- Reserves +€20,933
up €20,933 (+9.8%), from €214,390 to €235,323
- Debts after one year -€10,173
down €10,173 (-56.8%), from €17,896 to €7,723
- Trade debts +€3,403
up €3,403 (+149%), from €2,283 to €5,686
- Gross operating margin -€7,361
down €7,361 (-5.7%), from €128,361 to €121,000
- Financial income +€3,014
up €3,014 (+41.9%), from €7,186 to €10,200
- Staff costs -€2,451
down €2,451 (-3.4%), from €72,029 to €69,578
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,541 | €338,543 | +€13,002 | +4.0% |
| Fixed assets | 21/28 | €32,997 | €26,359 | -€6,638 | -20.1% |
| Tangible fixed assets | 22/27 | €32,997 | €26,359 | -€6,638 | -20.1% |
| Land and buildings | 22 | €0 | €3,716 | +€3,716 | |
| Plant, machinery and equipment | 23 | - | €1,461 | +€1,461 | |
| Furniture and vehicles | 24 | €32,997 | €21,181 | -€11,815 | -35.8% |
| Current assets | 29/58 | €292,544 | €312,184 | +€19,640 | +6.7% |
| Stocks and contracts in progress | 3 | €189,604 | €181,911 | -€7,694 | -4.1% |
| Stocks | 30/36 | €189,604 | €181,911 | -€7,694 | -4.1% |
| Amounts receivable within one year | 40/41 | €38 | €0 | -€38 | -100% |
| Trade receivables | 40 | €38 | €0 | -€38 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €99,233 | €126,957 | +€27,724 | +27.9% |
| Deferred charges and accrued income | 490/1 | €3,669 | €3,316 | -€353 | -9.6% |
| Total equity and liabilities | 10/49 | €325,541 | €338,543 | +€13,002 | +4.0% |
| Equity | 10/15 | €234,390 | €255,323 | +€20,933 | +8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €214,390 | €235,323 | +€20,933 | +9.8% |
| Distributable reserves | 133 | €214,390 | €235,323 | +€20,933 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,151 | €83,220 | -€7,931 | -8.7% |
| Amounts payable after more than one year | 17 | €17,896 | €7,723 | -€10,173 | -56.8% |
| Financial debts | 170/4 | €17,896 | €7,723 | -€10,173 | -56.8% |
| Amounts payable within one year | 42/48 | €70,973 | €73,327 | +€2,354 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €12,530 | €10,173 | -€2,357 | -18.8% |
| Trade debts | 44 | €2,283 | €5,686 | +€3,403 | +149% |
| Suppliers | 440/4 | €2,283 | €5,686 | +€3,403 | +149% |
| Taxes, remuneration and social security | 45 | €22,957 | €24,367 | +€1,410 | +6.1% |
| Taxes | 450/3 | €13,136 | €18,382 | +€5,246 | +39.9% |
| Remuneration and social security | 454/9 | €9,821 | €5,985 | -€3,836 | -39.1% |
| Other amounts payable | 47/48 | €33,203 | €33,100 | -€103 | -0.3% |
| Accrued charges and deferred income | 492/3 | €2,282 | €2,170 | -€112 | -4.9% |
| Remuneration, social security and pensions | 62 | €72,029 | €69,578 | -€2,451 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,721 | €12,096 | -€625 | -4.9% |
| Other operating charges | 640/8 | €8,830 | €9,135 | +€305 | +3.5% |
| Gross operating margin | 9900 | €128,361 | €121,000 | -€7,361 | -5.7% |
| Operating profit (loss) | 9901 | €34,781 | €30,191 | -€4,590 | -13.2% |
| Financial income | 75/76B | €7,186 | €10,200 | +€3,014 | +41.9% |
| Recurring financial income | 75 | €7,186 | €10,200 | +€3,014 | +41.9% |
| Financial charges | 65/66B | €6,963 | €6,208 | -€755 | -10.8% |
| Recurring financial charges | 65 | €6,963 | €6,208 | -€755 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €35,005 | €34,183 | -€821 | -2.3% |
| Income taxes | 67/77 | €9,552 | €10,750 | +€1,197 | +12.5% |
| Profit (loss) for the period | 9904 | €25,452 | €23,433 | -€2,019 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,452 | €23,433 | -€2,019 | -7.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.