RAES B & I: 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.
RAES B & I
Largest movements
- Cash +€79,166
up €79,166 (+33.4%), from €236,874 to €316,040
mainly Net result for the year (+€80,695) and Receivables within one year (+€11,580)
- Receivables within one year -€11,580
down €11,580 (-23.9%), from €48,400 to €36,820
of which Trade receivables: -€12,100
- Reserves +€80,695
up €80,695 (+25.9%), from €311,596 to €392,292
- Tax, wage and social debts -€12,764
down €12,764 (-47.1%), from €27,104 to €14,341
- Gross operating margin +€45,315
up €45,315 (+62.3%), from €72,754 to €118,069
- Taxes +€16,352
up €16,352 (+78.3%), from €20,873 to €37,225
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 | €425,274 | €492,860 | +€67,586 | +15.9% |
| Current assets | 29/58 | €425,274 | €492,860 | +€67,586 | +15.9% |
| Amounts receivable within one year | 40/41 | €48,400 | €36,820 | -€11,580 | -23.9% |
| Trade receivables | 40 | €48,400 | €36,300 | -€12,100 | -25.0% |
| Other amounts receivable | 41 | - | €520 | +€520 | |
| Current investments | 50/53 | €140,000 | €140,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €236,874 | €316,040 | +€79,166 | +33.4% |
| Total equity and liabilities | 10/49 | €425,274 | €492,860 | +€67,586 | +15.9% |
| Equity | 10/15 | €350,340 | €431,036 | +€80,695 | +23.0% |
| Contributions | 10/11 | €38,744 | €38,744 | = | 0.0% |
| Reserves | 13 | €311,596 | €392,292 | +€80,695 | +25.9% |
| Distributable reserves | 133 | €311,596 | €392,292 | +€80,695 | +25.9% |
| Amounts payable | 17/49 | €74,933 | €61,824 | -€13,109 | -17.5% |
| Amounts payable within one year | 42/48 | €74,933 | €61,824 | -€13,109 | -17.5% |
| Trade debts | 44 | €1,829 | €66 | -€1,763 | -96.4% |
| Suppliers | 440/4 | €1,829 | €66 | -€1,763 | -96.4% |
| Taxes, remuneration and social security | 45 | €27,104 | €14,341 | -€12,764 | -47.1% |
| Taxes | 450/3 | €27,104 | €14,341 | -€12,764 | -47.1% |
| Other amounts payable | 47/48 | €46,000 | €47,418 | +€1,418 | +3.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €72,754 | €118,069 | +€45,315 | +62.3% |
| Operating profit (loss) | 9901 | €72,636 | €117,949 | +€45,313 | +62.4% |
| Financial charges | 65/66B | €339 | €29 | -€311 | -91.6% |
| Recurring financial charges | 65 | €339 | €29 | -€311 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €72,296 | €117,920 | +€45,624 | +63.1% |
| Income taxes | 67/77 | €20,873 | €37,225 | +€16,352 | +78.3% |
| Profit (loss) for the period | 9904 | €51,423 | €80,695 | +€29,272 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,423 | €80,695 | +€29,272 | +56.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.