Raider Management: 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.
Raider Management
Largest movements
- Receivables within one year +€583,702
up €583,702 (+273%), from €213,907 to €797,609
of which Other amounts receivable: +€583,702
- Cash +€265,737
up €265,737 (+31,637%), from €840 to €266,577
mainly Net result for the year (+€1.3m) and Tax, wage and social debts (+€32,451)
- Receivables after one year +€145,428
up €145,428 (+205%), from €70,800 to €216,228
of which Trade receivables: +€216,228
- Current investments +€121,251
new in 2026: €121,251
- Financial fixed assets +€31,000
new in 2026: €31,000
- Reserves +€1.3m
up €1.3m (+3,777%), from €34,391 to €1.3m
- Other debts -€193,431
down €193,431 (-84.1%), from €230,000 to €36,569
- Tax, wage and social debts +€32,451
up €32,451 (+182%), from €17,789 to €50,240
of which Remuneration and social security: +€19,136
- Trade debts +€15,153
up €15,153 (+489%), from €3,096 to €18,249
- Financial income +€1.3m
up €1.3m (+94,568%), from €1,322 to €1.3m
- Gross operating margin +€35,612
up €35,612 (+123%), from €29,007 to €64,619
- Taxes +€7,640
up €7,640 (+106%), from €7,200 to €14,840
- Other operating charges +€798
up €798 (+101%), from €794 to €1,591
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.
Derived cash bridge
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 | €287,425 | €1,440,621 | +€1.2m | +401% |
| Fixed assets | 21/28 | €1,878 | €38,956 | +€37,078 | +1,974% |
| Tangible fixed assets | 22/27 | €1,878 | €7,956 | +€6,078 | +324% |
| Other tangible fixed assets | 26 | €1,878 | €7,956 | +€6,078 | +324% |
| Financial fixed assets | 28 | - | €31,000 | +€31,000 | |
| Current assets | 29/58 | €285,547 | €1,401,665 | +€1.1m | +391% |
| Amounts receivable after more than one year | 29 | €70,800 | €216,228 | +€145,428 | +205% |
| Trade receivables | 290 | - | €216,228 | +€216,228 | |
| Other amounts receivable | 291 | €70,800 | - | -€70,800 | |
| Amounts receivable within one year | 40/41 | €213,907 | €797,609 | +€583,702 | +273% |
| Trade receivables | 40 | €13,634 | €13,634 | = | 0.0% |
| Other amounts receivable | 41 | €200,273 | €783,975 | +€583,702 | +291% |
| Current investments | 50/53 | - | €121,251 | +€121,251 | |
| Cash at bank and in hand | 54/58 | €840 | €266,577 | +€265,737 | +31,637% |
| Total equity and liabilities | 10/49 | €287,425 | €1,440,621 | +€1.2m | +401% |
| Equity | 10/15 | €36,391 | €1,335,233 | +€1.3m | +3,569% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €34,391 | €1,333,233 | +€1.3m | +3,777% |
| Distributable reserves | 133 | €34,391 | €1,333,233 | +€1.3m | +3,777% |
| Amounts payable | 17/49 | €251,034 | €105,388 | -€145,646 | -58.0% |
| Amounts payable within one year | 42/48 | €250,885 | €105,058 | -€145,827 | -58.1% |
| Trade debts | 44 | €3,096 | €18,249 | +€15,153 | +489% |
| Suppliers | 440/4 | €3,096 | €18,249 | +€15,153 | +489% |
| Taxes, remuneration and social security | 45 | €17,789 | €50,240 | +€32,451 | +182% |
| Taxes | 450/3 | €17,789 | €31,104 | +€13,315 | +74.8% |
| Remuneration and social security | 454/9 | - | €19,136 | +€19,136 | |
| Other amounts payable | 47/48 | €230,000 | €36,569 | -€193,431 | -84.1% |
| Accrued charges and deferred income | 492/3 | €149 | €330 | +€181 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23 | €381 | +€358 | +1,562% |
| Other operating charges | 640/8 | €794 | €1,591 | +€798 | +101% |
| Gross operating margin | 9900 | €29,007 | €64,619 | +€35,612 | +123% |
| Operating profit (loss) | 9901 | €28,191 | €62,647 | +€34,457 | +122% |
| Financial income | 75/76B | €1,322 | €1,251,848 | +€1.3m | +94,568% |
| Recurring financial income | 75 | €1,322 | €1,251,848 | +€1.3m | +94,568% |
| Financial charges | 65/66B | €211 | €813 | +€602 | +285% |
| Recurring financial charges | 65 | €211 | €813 | +€602 | +285% |
| Profit (loss) for the period before taxes | 9903 | €29,301 | €1,313,682 | +€1.3m | +4,383% |
| Income taxes | 67/77 | €7,200 | €14,840 | +€7,640 | +106% |
| Profit (loss) for the period | 9904 | €22,101 | €1,298,842 | +€1.3m | +5,777% |
| Profit (loss) for the period to be appropriated | 9905 | €22,101 | €1,298,842 | +€1.3m | +5,777% |
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 19 October 2026 via checked.be.