RAIBEST: what changed
Two fiscal 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.
RAIBEST
Largest movements
- Tangible fixed assets -€521
down €521 (-52.9%), from €985 to €464
- Cash -€313
down €313 (-94.1%), from €333 to €19
mainly Net result for the year (-€3,204) and Trade debts (-€989)
- Deferred charges and accrued income -€86
no longer reported in 2025 (was €86)
- Other debts +€3,260
up €3,260 (+86.5%), from €3,769 to €7,029
- Profit (loss) carried forward -€3,204
down €3,204 (-50.9%), from -€6,296 to -€9,500
- Trade debts -€989
down €989 (-98.9%), from €1,000 to €11
- Gross operating margin +€1,194
up €1,194 (+31.8%), from -€3,755 to -€2,561
- Other operating charges +€128
new in 2025: €128
- Depreciation -€69
down €69 (-11.6%), from €590 to €521
- Financial charges -€63
down €63, from €57 to -€6
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.
Cash bridge derived
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 | €1,474 | €541 | -€933 | -63.3% |
| Fixed assets | 21/28 | €985 | €464 | -€521 | -52.9% |
| Tangible fixed assets | 22/27 | €985 | €464 | -€521 | -52.9% |
| Plant, machinery and equipment | 23 | €985 | €464 | -€521 | -52.9% |
| Current assets | 29/58 | €489 | €77 | -€412 | -84.2% |
| Amounts receivable within one year | 40/41 | €70 | €58 | -€13 | -17.9% |
| Other amounts receivable | 41 | €70 | €58 | -€13 | -17.9% |
| Cash at bank and in hand | 54/58 | €333 | €19 | -€313 | -94.1% |
| Deferred charges and accrued income | 490/1 | €86 | - | -€86 | |
| Total equity and liabilities | 10/49 | €1,474 | €541 | -€933 | -63.3% |
| Equity | 10/15 | -€3,296 | -€6,500 | -€3,204 | -97.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,296 | -€9,500 | -€3,204 | -50.9% |
| Amounts payable | 17/49 | €4,769 | €7,041 | +€2,271 | +47.6% |
| Amounts payable within one year | 42/48 | €4,769 | €7,041 | +€2,271 | +47.6% |
| Trade debts | 44 | €1,000 | €11 | -€989 | -98.9% |
| Suppliers | 440/4 | €1,000 | €11 | -€989 | -98.9% |
| Other amounts payable | 47/48 | €3,769 | €7,029 | +€3,260 | +86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €521 | -€69 | -11.6% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | -€3,755 | -€2,561 | +€1,194 | +31.8% |
| Operating profit (loss) | 9901 | -€4,345 | -€3,210 | +€1,135 | +26.1% |
| Financial charges | 65/66B | €57 | -€6 | -€63 | |
| Recurring financial charges | 65 | €57 | -€6 | -€63 | |
| Profit (loss) for the period before taxes | 9903 | -€4,401 | -€3,204 | +€1,198 | +27.2% |
| Profit (loss) for the period | 9904 | -€4,401 | -€3,204 | +€1,198 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,401 | -€3,204 | +€1,198 | +27.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.