RaiCha: 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.
RaiCha
Largest movements
- Tangible fixed assets +€303,604
up €303,604 (+67.5%), from €449,733 to €753,337
of which Assets under construction and advance payments: +€304,088
- Receivables within one year -€35,610
down €35,610 (-51.5%), from €69,089 to €33,479
of which Other amounts receivable: -€22,032
- Short-term financial debts +€304,930
new in 2025: €304,930
- Profit (loss) carried forward -€42,899
down €42,899 (-9.3%), from -€462,572 to -€505,471
- Other debts +€31,268
up €31,268 (+26.6%), from €117,702 to €148,969
- Current portion of long-term debt -€26,466
down €26,466 (-100%), from €26,466 to €0
- Other operating charges +€34,128
up €34,128 (+536%), from €6,364 to €40,492
- Gross operating margin +€22,741
up €22,741, from -€11,485 to €11,256
- Financial charges +€6,985
up €6,985 (+205%), from €3,415 to €10,400
- Taxes +€2,701
up €2,701 (+3,491%), from €77 to €2,778
- Financial income -€1,738
down €1,738 (-100%), from €1,738 to €0
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 | €523,514 | €796,887 | +€273,373 | +52.2% |
| Fixed assets | 21/28 | €449,733 | €753,337 | +€303,604 | +67.5% |
| Tangible fixed assets | 22/27 | €449,733 | €753,337 | +€303,604 | +67.5% |
| Land and buildings | 22 | €434,000 | €434,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €724 | €240 | -€484 | -66.8% |
| Assets under construction and advance payments | 27 | €15,009 | €319,097 | +€304,088 | +2,026% |
| Current assets | 29/58 | €73,781 | €43,550 | -€30,231 | -41.0% |
| Amounts receivable within one year | 40/41 | €69,089 | €33,479 | -€35,610 | -51.5% |
| Trade receivables | 40 | €16,699 | €3,120 | -€13,579 | -81.3% |
| Other amounts receivable | 41 | €52,391 | €30,359 | -€22,032 | -42.1% |
| Cash at bank and in hand | 54/58 | €2,454 | €5,902 | +€3,448 | +140% |
| Deferred charges and accrued income | 490/1 | €2,237 | €4,169 | +€1,932 | +86.4% |
| Total equity and liabilities | 10/49 | €523,514 | €796,887 | +€273,373 | +52.2% |
| Equity | 10/15 | €347,428 | €304,529 | -€42,899 | -12.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€462,572 | -€505,471 | -€42,899 | -9.3% |
| Amounts payable | 17/49 | €176,086 | €492,358 | +€316,271 | +180% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €176,086 | €492,358 | +€316,271 | +180% |
| Current portion of amounts payable after more than one year | 42 | €26,466 | €0 | -€26,466 | -100% |
| Financial debts | 43 | - | €304,930 | +€304,930 | |
| Credit institutions | 430/8 | - | €304,930 | +€304,930 | |
| Trade debts | 44 | €27,843 | €34,578 | +€6,736 | +24.2% |
| Suppliers | 440/4 | €27,843 | €34,578 | +€6,736 | +24.2% |
| Taxes, remuneration and social security | 45 | €4,076 | €3,880 | -€195 | -4.8% |
| Taxes | 450/3 | €4,076 | €3,880 | -€195 | -4.8% |
| Other amounts payable | 47/48 | €117,702 | €148,969 | +€31,268 | +26.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €484 | = | 0.0% |
| Other operating charges | 640/8 | €6,364 | €40,492 | +€34,128 | +536% |
| Gross operating margin | 9900 | -€11,485 | €11,256 | +€22,741 | |
| Operating profit (loss) | 9901 | -€18,333 | -€29,720 | -€11,387 | -62.1% |
| Financial income | 75/76B | €1,738 | €0 | -€1,738 | -100% |
| Recurring financial income | 75 | €1,738 | €0 | -€1,738 | -100% |
| Financial charges | 65/66B | €3,415 | €10,400 | +€6,985 | +205% |
| Recurring financial charges | 65 | €3,415 | €10,400 | +€6,985 | +205% |
| Profit (loss) for the period before taxes | 9903 | -€20,010 | -€40,120 | -€20,111 | -101% |
| Income taxes | 67/77 | €77 | €2,778 | +€2,701 | +3,491% |
| Profit (loss) for the period | 9904 | -€20,087 | -€42,899 | -€22,812 | -114% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,087 | -€42,899 | -€22,812 | -114% |
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 14 October 2026 via checked.be.