RAEYMAEKERS PASCAL: what changed
RAEYMAEKERS PASCAL
Largest movements
- Tangible fixed assets -€16,839
down €16,839 (-25.6%), from €65,746 to €48,907
of which Furniture and vehicles: -€15,794
- Cash -€13,431
down €13,431 (-14.9%), from €90,313 to €76,882
mainly Debts after one year (-€11,977) and Receivables within one year (-€8,825)
- Receivables within one year +€8,825
up €8,825 (+143%), from €6,166 to €14,991
of which Trade receivables: +€6,602
- Debts after one year -€11,977
down €11,977 (-31.9%), from €37,561 to €25,584
- Trade debts +€3,535
up €3,535 (+67.1%), from €5,265 to €8,800
- Tax, wage and social debts -€3,289
down €3,289 (-52.0%), from €6,331 to €3,041
of which Taxes: -€3,289
- Current portion of long-term debt -€2,893
down €2,893 (-19.5%), from €14,870 to €11,977
- Accrued charges and deferred income -€2,545
down €2,545 (-100%), from €2,545 to €0
- Gross operating margin +€11,743
up €11,743 (+73.6%), from €15,957 to €27,699
- Taxes +€3,221
up €3,221 (+1,586%), from €203 to €3,424
- Depreciation -€1,889
down €1,889 (-10.1%), from €18,728 to €16,839
- Financial charges -€439
down €439 (-15.8%), from €2,772 to €2,334
- Other operating charges -€405
down €405 (-58.5%), from €691 to €286
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 | €166,058 | €145,972 | -€20,087 | -12.1% |
| Fixed assets | 21/28 | €65,746 | €48,907 | -€16,839 | -25.6% |
| Tangible fixed assets | 22/27 | €65,746 | €48,907 | -€16,839 | -25.6% |
| Plant, machinery and equipment | 23 | €12,085 | €11,040 | -€1,045 | -8.6% |
| Furniture and vehicles | 24 | €53,661 | €37,867 | -€15,794 | -29.4% |
| Current assets | 29/58 | €100,312 | €97,065 | -€3,247 | -3.2% |
| Stocks and contracts in progress | 3 | €1,754 | €1,601 | -€153 | -8.7% |
| Stocks | 30/36 | €1,754 | €1,601 | -€153 | -8.7% |
| Amounts receivable within one year | 40/41 | €6,166 | €14,991 | +€8,825 | +143% |
| Trade receivables | 40 | €472 | €7,074 | +€6,602 | +1,400% |
| Other amounts receivable | 41 | €5,694 | €7,917 | +€2,223 | +39.0% |
| Cash at bank and in hand | 54/58 | €90,313 | €76,882 | -€13,431 | -14.9% |
| Deferred charges and accrued income | 490/1 | €2,080 | €3,591 | +€1,511 | +72.7% |
| Total equity and liabilities | 10/49 | €166,058 | €145,972 | -€20,087 | -12.1% |
| Equity | 10/15 | €95,433 | €94,991 | -€441 | -0.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €82,708 | €82,267 | -€441 | -0.5% |
| Distributable reserves | 133 | €82,708 | €82,267 | -€441 | -0.5% |
| Profit (loss) carried forward | 14 | €12,725 | €12,725 | = | 0.0% |
| Amounts payable | 17/49 | €70,626 | €50,980 | -€19,645 | -27.8% |
| Amounts payable after more than one year | 17 | €37,561 | €25,584 | -€11,977 | -31.9% |
| Financial debts | 170/4 | €37,561 | €25,584 | -€11,977 | -31.9% |
| Amounts payable within one year | 42/48 | €30,520 | €25,396 | -€5,123 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €14,870 | €11,977 | -€2,893 | -19.5% |
| Trade debts | 44 | €5,265 | €8,800 | +€3,535 | +67.1% |
| Suppliers | 440/4 | €5,265 | €8,800 | +€3,535 | +67.1% |
| Advances received on contracts in progress | 46 | €1,300 | €0 | -€1,300 | -100% |
| Taxes, remuneration and social security | 45 | €6,331 | €3,041 | -€3,289 | -52.0% |
| Taxes | 450/3 | €3,331 | €41 | -€3,289 | -98.8% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,754 | €1,578 | -€1,176 | -42.7% |
| Accrued charges and deferred income | 492/3 | €2,545 | €0 | -€2,545 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,728 | €16,839 | -€1,889 | -10.1% |
| Other operating charges | 640/8 | €691 | €286 | -€405 | -58.5% |
| Gross operating margin | 9900 | €15,957 | €27,699 | +€11,743 | +73.6% |
| Operating profit (loss) | 9901 | -€3,463 | €10,574 | +€14,036 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €2,772 | €2,334 | -€439 | -15.8% |
| Recurring financial charges | 65 | €2,772 | €2,334 | -€439 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,235 | €8,241 | +€14,476 | |
| Income taxes | 67/77 | €203 | €3,424 | +€3,221 | +1,586% |
| Profit (loss) for the period | 9904 | -€6,438 | €4,817 | +€11,255 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,438 | €4,817 | +€11,255 |
Next steps
Calculation and sources
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 4 November 2026 via checked.be.