RAES - BOUWT: 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 - BOUWT
Largest movements
- Receivables within one year +€7,906
up €7,906 (+2146.6%), from €368 to €8,274
of which Trade receivables: +€7,744
- Receivables after one year -€7,399
down €7,399 (-1.7%), from €444,544 to €437,145
- Reserves +€4,516
up €4,516 (+1.0%), from €432,667 to €437,183
- Gross operating margin +€33,236
up €33,236, from -€27,745 to €5,491
- Financial income -€4,695
down €4,695 (-44.4%), from €10,583 to €5,888
- Taxes +€3,727
new in 2026: €3,727
- Provisions +€2,500
new in 2026: €2,500
- Financial charges -€475
down €475 (-89.1%), from €533 to €58
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.
Cash bridge derived
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 | €444,912 | €448,458 | +€3,546 | +0.8% |
| Current assets | 29/58 | €444,912 | €448,458 | +€3,546 | +0.8% |
| Amounts receivable after more than one year | 29 | €444,544 | €437,145 | -€7,399 | -1.7% |
| Other amounts receivable | 291 | €444,544 | €437,145 | -€7,399 | -1.7% |
| Amounts receivable within one year | 40/41 | €368 | €8,274 | +€7,906 | +2146.6% |
| Trade receivables | 40 | - | €7,744 | +€7,744 | |
| Other amounts receivable | 41 | €368 | €530 | +€162 | +44.0% |
| Cash at bank and in hand | 54/58 | €0 | €3,039 | +€3,039 | |
| Total equity and liabilities | 10/49 | €444,912 | €448,458 | +€3,546 | +0.8% |
| Equity | 10/15 | €438,867 | €443,383 | +€4,516 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €432,667 | €437,183 | +€4,516 | +1.0% |
| Distributable reserves | 133 | €432,667 | €437,183 | +€4,516 | +1.0% |
| Provisions and deferred taxes | 16 | - | €2,500 | +€2,500 | |
| Provisions for liabilities and charges | 160/5 | - | €2,500 | +€2,500 | |
| Other liabilities and charges | 164/5 | - | €2,500 | +€2,500 | |
| Amounts payable | 17/49 | €6,045 | €2,575 | -€3,469 | -57.4% |
| Amounts payable within one year | 42/48 | €1,205 | €1,010 | -€194 | -16.1% |
| Trade debts | 44 | €1,205 | €1,010 | -€194 | -16.1% |
| Suppliers | 440/4 | €1,205 | €1,010 | -€194 | -16.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,840 | €1,565 | -€3,275 | -67.7% |
| Non-recurring operating income | 76A | - | €3,828 | +€3,828 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,500 | +€2,500 | |
| Other operating charges | 640/8 | €738 | €578 | -€161 | -21.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€27,745 | €5,491 | +€33,236 | |
| Operating profit (loss) | 9901 | -€28,483 | €2,413 | +€30,897 | |
| Financial income | 75/76B | €10,583 | €5,888 | -€4,695 | -44.4% |
| Recurring financial income | 75 | €10,583 | €5,888 | -€4,695 | -44.4% |
| Financial charges | 65/66B | €533 | €58 | -€475 | -89.1% |
| Recurring financial charges | 65 | €533 | €58 | -€475 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,434 | €8,243 | +€26,677 | |
| Income taxes | 67/77 | - | €3,727 | +€3,727 | |
| Profit (loss) for the period | 9904 | -€18,434 | €4,516 | +€22,950 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,434 | €4,516 | +€22,950 |
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 11 October 2026 via checked.be.