RAIDILLON: 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.
RAIDILLON
Largest movements
- Receivables within one year +€96,515
up €96,515 (+47.3%), from €203,923 to €300,438
of which Trade receivables: +€96,515
- Deferred charges and accrued income -€18,316
no longer reported in 2025 (was €18,316)
- Tangible fixed assets -€16,217
down €16,217 (-35.2%), from €46,115 to €29,898
of which Other tangible fixed assets: -€14,237
- Trade debts +€81,205
up €81,205 (+97.4%), from €83,391 to €164,596
- Profit (loss) carried forward -€46,608
down €46,608 (-52.1%), from -€89,529 to -€136,137
- Current portion of long-term debt +€13,582
up €13,582 (+33.6%), from €40,433 to €54,015
- Gross operating margin +€26,838
up €26,838 (+66.1%), from -€40,592 to -€13,754
- Financial charges -€5,439
down €5,439 (-27.5%), from €19,757 to €14,318
- Depreciation -€985
down €985 (-5.3%), from €18,591 to €17,606
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 | €1,239,912 | €1,287,996 | +€48,084 | +3.9% |
| Fixed assets | 21/28 | €72,878 | €55,272 | -€17,606 | -24.2% |
| Intangible fixed assets | 21 | €5,556 | €4,167 | -€1,389 | -25.0% |
| Tangible fixed assets | 22/27 | €46,115 | €29,898 | -€16,217 | -35.2% |
| Furniture and vehicles | 24 | €8,931 | €6,951 | -€1,980 | -22.2% |
| Other tangible fixed assets | 26 | €37,184 | €22,947 | -€14,237 | -38.3% |
| Financial fixed assets | 28 | €21,207 | €21,207 | = | 0.0% |
| Current assets | 29/58 | €1,167,034 | €1,232,724 | +€65,690 | +5.6% |
| Stocks and contracts in progress | 3 | €928,654 | €927,213 | -€1,441 | -0.2% |
| Stocks | 30/36 | €928,654 | €927,213 | -€1,441 | -0.2% |
| Amounts receivable within one year | 40/41 | €203,923 | €300,438 | +€96,515 | +47.3% |
| Trade receivables | 40 | €38,062 | €134,577 | +€96,515 | +253.6% |
| Other amounts receivable | 41 | €165,861 | €165,861 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,140 | €5,073 | -€11,068 | -68.6% |
| Deferred charges and accrued income | 490/1 | €18,316 | - | -€18,316 | |
| Total equity and liabilities | 10/49 | €1,239,912 | €1,287,996 | +€48,084 | +3.9% |
| Equity | 10/15 | €861,478 | €814,870 | -€46,608 | -5.4% |
| Contributions | 10/11 | €950,007 | €950,007 | = | 0.0% |
| Capital | 10 | €950,007 | €950,007 | = | 0.0% |
| Issued capital | 100 | €950,007 | €950,007 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,529 | -€136,137 | -€46,608 | -52.1% |
| Amounts payable | 17/49 | €378,434 | €473,126 | +€94,692 | +25.0% |
| Amounts payable after more than one year | 17 | €87,727 | €78,508 | -€9,219 | -10.5% |
| Financial debts | 170/4 | €87,727 | €78,508 | -€9,219 | -10.5% |
| Amounts payable within one year | 42/48 | €290,707 | €394,619 | +€103,912 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €40,433 | €54,015 | +€13,582 | +33.6% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €83,391 | €164,596 | +€81,205 | +97.4% |
| Suppliers | 440/4 | €83,391 | €164,596 | +€81,205 | +97.4% |
| Taxes, remuneration and social security | 45 | €14,570 | €23,695 | +€9,125 | +62.6% |
| Taxes | 450/3 | €14,570 | €23,695 | +€9,125 | +62.6% |
| Other amounts payable | 47/48 | €2,313 | €2,313 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,591 | €17,606 | -€985 | -5.3% |
| Other operating charges | 640/8 | €1,036 | €998 | -€37 | -3.6% |
| Gross operating margin | 9900 | -€40,592 | -€13,754 | +€26,838 | +66.1% |
| Operating profit (loss) | 9901 | -€60,218 | -€32,358 | +€27,861 | +46.3% |
| Financial income | 75/76B | €214 | €67 | -€146 | -68.5% |
| Recurring financial income | 75 | €214 | €67 | -€146 | -68.5% |
| Financial charges | 65/66B | €19,757 | €14,318 | -€5,439 | -27.5% |
| Recurring financial charges | 65 | €19,757 | €14,318 | -€5,439 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€79,761 | -€46,608 | +€33,153 | +41.6% |
| Profit (loss) for the period | 9904 | -€79,761 | -€46,608 | +€33,153 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,761 | -€46,608 | +€33,153 | +41.6% |
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 6 October 2026 via checked.be.