RAHA: 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.
RAHA
Largest movements
- Tangible fixed assets -€36,182
down €36,182 (-6.6%), from €548,344 to €512,162
of which Furniture and vehicles: -€20,050
- Receivables within one year +€30,175
up €30,175 (+15,087,550%), from €0 to €30,175
- Tax, wage and social debts -€37,714
down €37,714 (-74.5%), from €50,589 to €12,875
- Current portion of long-term debt +€34,041
up €34,041 (+111%), from €30,587 to €64,628
- Debts after one year -€28,683
down €28,683 (-6.1%), from €473,640 to €444,958
- Reserves +€28,471
up €28,471 (+17.5%), from €162,720 to €191,192
- Depreciation +€22,219
up €22,219 (+49.9%), from €44,485 to €66,704
- Financial charges +€12,047
up €12,047 (+149%), from €8,088 to €20,135
- Gross operating margin +€7,158
up €7,158 (+6.1%), from €117,492 to €124,650
- Taxes -€5,603
down €5,603 (-42.1%), from €13,297 to €7,694
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 | €724,555 | €718,604 | -€5,951 | -0.8% |
| Fixed assets | 21/28 | €548,344 | €512,162 | -€36,182 | -6.6% |
| Tangible fixed assets | 22/27 | €548,344 | €512,162 | -€36,182 | -6.6% |
| Land and buildings | 22 | €490,890 | €474,757 | -€16,133 | -3.3% |
| Furniture and vehicles | 24 | €57,454 | €37,405 | -€20,050 | -34.9% |
| Current assets | 29/58 | €176,211 | €206,442 | +€30,231 | +17.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €30,175 | +€30,175 | +15,087,550% |
| Other amounts receivable | 41 | €0 | €30,175 | +€30,175 | +15,087,550% |
| Cash at bank and in hand | 54/58 | €174,022 | €173,747 | -€275 | -0.2% |
| Deferred charges and accrued income | 490/1 | €2,189 | €2,520 | +€331 | +15.1% |
| Total equity and liabilities | 10/49 | €724,555 | €718,604 | -€5,951 | -0.8% |
| Equity | 10/15 | €165,220 | €193,692 | +€28,471 | +17.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €162,720 | €191,192 | +€28,471 | +17.5% |
| Distributable reserves | 133 | €162,720 | €191,192 | +€28,471 | +17.5% |
| Amounts payable | 17/49 | €559,335 | €524,912 | -€34,423 | -6.2% |
| Amounts payable after more than one year | 17 | €473,640 | €444,958 | -€28,683 | -6.1% |
| Financial debts | 170/4 | €473,640 | €444,958 | -€28,683 | -6.1% |
| Amounts payable within one year | 42/48 | €85,695 | €79,955 | -€5,740 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €30,587 | €64,628 | +€34,041 | +111% |
| Trade debts | 44 | €3,266 | €2,452 | -€814 | -24.9% |
| Suppliers | 440/4 | €3,266 | €2,452 | -€814 | -24.9% |
| Taxes, remuneration and social security | 45 | €50,589 | €12,875 | -€37,714 | -74.5% |
| Taxes | 450/3 | €50,589 | €12,875 | -€37,714 | -74.5% |
| Other amounts payable | 47/48 | €1,253 | €0 | -€1,253 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,485 | €66,704 | +€22,219 | +49.9% |
| Other operating charges | 640/8 | €819 | €1,904 | +€1,085 | +133% |
| Gross operating margin | 9900 | €117,492 | €124,650 | +€7,158 | +6.1% |
| Operating profit (loss) | 9901 | €72,188 | €56,041 | -€16,147 | -22.4% |
| Financial income | 75/76B | €0 | €259 | +€259 | |
| Recurring financial income | 75 | €0 | €259 | +€259 | |
| Financial charges | 65/66B | €8,088 | €20,135 | +€12,047 | +149% |
| Recurring financial charges | 65 | €8,088 | €20,135 | +€12,047 | +149% |
| Profit (loss) for the period before taxes | 9903 | €64,101 | €36,165 | -€27,935 | -43.6% |
| Income taxes | 67/77 | €13,297 | €7,694 | -€5,603 | -42.1% |
| Profit (loss) for the period | 9904 | €50,803 | €28,471 | -€22,332 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,803 | €28,471 | -€22,332 | -44.0% |
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 29 October 2026 via checked.be.