RAIDILLON ASSOCIATES: 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.
RAIDILLON ASSOCIATES
Largest movements
- Cash -€71,166
down €71,166 (-57.1%), from €124,721 to €53,555
mainly Other debts (-€139,456) and Trade debts (-€11,242)
- Deferred charges and accrued income -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year +€3,500
up €3,500 (+5.0%), from €70,038 to €73,538
of which Trade receivables: +€10,128
- Tangible fixed assets -€2,386
down €2,386 (-58.7%), from €4,067 to €1,681
- Other debts -€139,456
down €139,456 (-98.4%), from €141,667 to €2,211
- Profit (loss) carried forward +€59,640
up €59,640 (+505%), from €11,817 to €71,458
- Trade debts -€11,242
down €11,242 (-46.6%), from €24,119 to €12,877
- Tax, wage and social debts -€9,174
down €9,174 (-29.6%), from €30,942 to €21,768
- Gross operating margin -€44,218
down €44,218 (-33.9%), from €130,613 to €86,395
- Other operating charges -€5,980
down €5,980 (-85.6%), from €6,987 to €1,006
- Taxes -€3,282
down €3,282 (-13.1%), from €25,050 to €21,768
- Financial income -€2,274
no longer reported in 2025 (was €2,274)
- Financial charges -€1,548
down €1,548 (-82.3%), from €1,880 to €332
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 | €229,005 | €128,774 | -€100,232 | -43.8% |
| Fixed assets | 21/28 | €4,247 | €1,681 | -€2,566 | -60.4% |
| Tangible fixed assets | 22/27 | €4,067 | €1,681 | -€2,386 | -58.7% |
| Furniture and vehicles | 24 | €4,067 | €1,681 | -€2,386 | -58.7% |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €224,758 | €127,093 | -€97,666 | -43.5% |
| Amounts receivable within one year | 40/41 | €70,038 | €73,538 | +€3,500 | +5.0% |
| Trade receivables | 40 | €26,062 | €36,191 | +€10,128 | +38.9% |
| Other amounts receivable | 41 | €43,975 | €37,347 | -€6,628 | -15.1% |
| Cash at bank and in hand | 54/58 | €124,721 | €53,555 | -€71,166 | -57.1% |
| Deferred charges and accrued income | 490/1 | €30,000 | - | -€30,000 | |
| Total equity and liabilities | 10/49 | €229,005 | €128,774 | -€100,232 | -43.8% |
| Equity | 10/15 | €32,277 | €91,918 | +€59,640 | +185% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,817 | €71,458 | +€59,640 | +505% |
| Amounts payable | 17/49 | €196,728 | €36,856 | -€159,872 | -81.3% |
| Amounts payable within one year | 42/48 | €196,728 | €36,856 | -€159,872 | -81.3% |
| Trade debts | 44 | €24,119 | €12,877 | -€11,242 | -46.6% |
| Suppliers | 440/4 | €24,119 | €12,877 | -€11,242 | -46.6% |
| Taxes, remuneration and social security | 45 | €30,942 | €21,768 | -€9,174 | -29.6% |
| Taxes | 450/3 | €30,942 | €21,768 | -€9,174 | -29.6% |
| Other amounts payable | 47/48 | €141,667 | €2,211 | -€139,456 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €601 | €1,609 | +€1,009 | +168% |
| Other operating charges | 640/8 | €6,987 | €1,006 | -€5,980 | -85.6% |
| Gross operating margin | 9900 | €130,613 | €86,395 | -€44,218 | -33.9% |
| Operating profit (loss) | 9901 | €123,026 | €83,780 | -€39,246 | -31.9% |
| Financial income | 75/76B | €2,274 | - | -€2,274 | |
| Recurring financial income | 75 | €2,274 | - | -€2,274 | |
| Financial charges | 65/66B | €1,880 | €332 | -€1,548 | -82.3% |
| Recurring financial charges | 65 | €1,880 | €332 | -€1,548 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | €123,421 | €83,448 | -€39,973 | -32.4% |
| Income taxes | 67/77 | €25,050 | €21,768 | -€3,282 | -13.1% |
| Profit (loss) for the period | 9904 | €98,371 | €61,680 | -€36,691 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,371 | €61,680 | -€36,691 | -37.3% |
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 19 October 2026 via checked.be.