Raepsaet Eva: 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.
Raepsaet Eva
Largest movements
- Receivables within one year +€40,451
up €40,451 (+249%), from €16,244 to €56,695
of which Trade receivables: +€53,333
- Tangible fixed assets -€24,385
down €24,385 (-5.0%), from €491,511 to €467,126
of which Land and buildings: -€23,923
- Other debts +€49,447
up €49,447 (+45.4%), from €108,853 to €158,300
- Debts after one year -€25,782
down €25,782 (-23.1%), from €111,568 to €85,786
- Reserves -€9,455
down €9,455 (-4.0%), from €234,353 to €224,899
- Gross operating margin +€32,196
up €32,196 (+46.5%), from €69,280 to €101,476
- Taxes +€6,926
up €6,926 (+72.7%), from €9,523 to €16,449
- Financial charges +€4,767
up €4,767 (+45.8%), from €10,413 to €15,180
- Depreciation +€2,398
up €2,398 (+10.9%), from €21,987 to €24,385
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 | €509,469 | €523,821 | +€14,352 | +2.8% |
| Fixed assets | 21/28 | €491,511 | €467,126 | -€24,385 | -5.0% |
| Tangible fixed assets | 22/27 | €491,511 | €467,126 | -€24,385 | -5.0% |
| Land and buildings | 22 | €490,852 | €466,929 | -€23,923 | -4.9% |
| Furniture and vehicles | 24 | €659 | €197 | -€462 | -70.1% |
| Current assets | 29/58 | €17,958 | €56,695 | +€38,737 | +216% |
| Amounts receivable within one year | 40/41 | €16,244 | €56,695 | +€40,451 | +249% |
| Trade receivables | 40 | €866 | €54,200 | +€53,333 | +6,156% |
| Other amounts receivable | 41 | €15,377 | €2,495 | -€12,882 | -83.8% |
| Cash at bank and in hand | 54/58 | €844 | €0 | -€844 | -100% |
| Deferred charges and accrued income | 490/1 | €870 | €0 | -€870 | -100% |
| Total equity and liabilities | 10/49 | €509,469 | €523,821 | +€14,352 | +2.8% |
| Equity | 10/15 | €246,753 | €237,299 | -€9,455 | -3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €234,353 | €224,899 | -€9,455 | -4.0% |
| Distributable reserves | 133 | €234,353 | €224,899 | -€9,455 | -4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €262,716 | €286,522 | +€23,807 | +9.1% |
| Amounts payable after more than one year | 17 | €111,568 | €85,786 | -€25,782 | -23.1% |
| Financial debts | 170/4 | €111,568 | €85,786 | -€25,782 | -23.1% |
| Amounts payable within one year | 42/48 | €151,148 | €200,736 | +€49,588 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €28,055 | €27,403 | -€653 | -2.3% |
| Financial debts | 43 | €4,070 | €3,434 | -€637 | -15.6% |
| Credit institutions | 430/8 | €4,070 | €3,434 | -€637 | -15.6% |
| Trade debts | 44 | €3,337 | €0 | -€3,337 | -100% |
| Suppliers | 440/4 | €3,337 | €0 | -€3,337 | -100% |
| Taxes, remuneration and social security | 45 | €6,833 | €11,600 | +€4,767 | +69.8% |
| Taxes | 450/3 | €6,833 | €11,600 | +€4,767 | +69.8% |
| Other amounts payable | 47/48 | €108,853 | €158,300 | +€49,447 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,987 | €24,385 | +€2,398 | +10.9% |
| Other operating charges | 640/8 | €2,823 | €3,087 | +€264 | +9.3% |
| Gross operating margin | 9900 | €69,280 | €101,476 | +€32,196 | +46.5% |
| Operating profit (loss) | 9901 | €44,471 | €74,004 | +€29,534 | +66.4% |
| Financial income | 75/76B | €28 | €7 | -€20 | -73.4% |
| Recurring financial income | 75 | €28 | €7 | -€20 | -73.4% |
| Financial charges | 65/66B | €10,413 | €15,180 | +€4,767 | +45.8% |
| Recurring financial charges | 65 | €10,413 | €15,180 | +€4,767 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €34,085 | €58,832 | +€24,746 | +72.6% |
| Income taxes | 67/77 | €9,523 | €16,449 | +€6,926 | +72.7% |
| Profit (loss) for the period | 9904 | €24,562 | €42,383 | +€17,821 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,562 | €42,383 | +€17,821 | +72.6% |
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 25 October 2026 via checked.be.