RAIFF CONSTRUCT: 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.
RAIFF CONSTRUCT
Largest movements
- Receivables within one year +€187,355
up €187,355 (+69.2%), from €270,581 to €457,937
of which Trade receivables: +€197,329
- Stocks and contracts +€31,131
up €31,131 (+9.4%), from €331,933 to €363,064
- Contributions +€224,789
up €224,789 (+121%), from €186,000 to €410,789
- Other debts +€47,689
up €47,689 (+50.3%), from €94,770 to €142,459
- Reserves -€33,405
down €33,405 (-10.3%), from €322,852 to €289,447
of which Non-distributable reserves: -€18,600
- Tax, wage and social debts -€14,143
down €14,143 (-54.9%), from €25,768 to €11,625
- Advances received -€12,500
down €12,500 (-100%), from €12,500 to €0
- Write-downs +€24,602
new in 2025: €24,602
- Gross operating margin -€3,058
down €3,058 (-39.0%), from €7,834 to €4,775
- Financial charges +€1,865
up €1,865 (+96.0%), from €1,942 to €3,807
- Other operating charges +€1,335
up €1,335 (+231%), from €577 to €1,912
- Depreciation +€613
up €613 (+5.3%), from €11,500 to €12,113
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 | €653,677 | €868,539 | +€214,862 | +32.9% |
| Fixed assets | 21/28 | €35,453 | €31,619 | -€3,834 | -10.8% |
| Tangible fixed assets | 22/27 | €35,453 | €31,619 | -€3,834 | -10.8% |
| Furniture and vehicles | 24 | €35,453 | €31,619 | -€3,834 | -10.8% |
| Current assets | 29/58 | €618,224 | €836,920 | +€218,696 | +35.4% |
| Stocks and contracts in progress | 3 | €331,933 | €363,064 | +€31,131 | +9.4% |
| Stocks | 30/36 | €331,933 | €363,064 | +€31,131 | +9.4% |
| Amounts receivable within one year | 40/41 | €270,581 | €457,937 | +€187,355 | +69.2% |
| Trade receivables | 40 | €255,683 | €453,011 | +€197,329 | +77.2% |
| Other amounts receivable | 41 | €14,898 | €4,925 | -€9,973 | -66.9% |
| Cash at bank and in hand | 54/58 | €15,057 | €15,230 | +€173 | +1.1% |
| Deferred charges and accrued income | 490/1 | €653 | €690 | +€37 | +5.7% |
| Total equity and liabilities | 10/49 | €653,677 | €868,539 | +€214,862 | +32.9% |
| Equity | 10/15 | €508,852 | €700,237 | +€191,384 | +37.6% |
| Contributions | 10/11 | €186,000 | €410,789 | +€224,789 | +121% |
| Capital | 10 | €186,000 | - | -€186,000 | |
| Issued capital | 100 | €186,000 | - | -€186,000 | |
| Reserves | 13 | €322,852 | €289,447 | -€33,405 | -10.3% |
| Non-distributable reserves | 130/1 | €18,600 | €0 | -€18,600 | -100% |
| Legal reserve | 130 | €18,600 | - | -€18,600 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €304,252 | €289,447 | -€14,805 | -4.9% |
| Amounts payable | 17/49 | €144,825 | €168,302 | +€23,478 | +16.2% |
| Amounts payable within one year | 42/48 | €144,825 | €168,302 | +€23,478 | +16.2% |
| Financial debts | 43 | €13 | €0 | -€13 | -100% |
| Credit institutions | 430/8 | €13 | €0 | -€13 | -100% |
| Trade debts | 44 | €11,773 | €14,218 | +€2,445 | +20.8% |
| Suppliers | 440/4 | €11,773 | €14,218 | +€2,445 | +20.8% |
| Advances received on contracts in progress | 46 | €12,500 | €0 | -€12,500 | -100% |
| Taxes, remuneration and social security | 45 | €25,768 | €11,625 | -€14,143 | -54.9% |
| Taxes | 450/3 | €25,768 | €11,625 | -€14,143 | -54.9% |
| Other amounts payable | 47/48 | €94,770 | €142,459 | +€47,689 | +50.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,500 | €12,113 | +€613 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,602 | +€24,602 | |
| Other operating charges | 640/8 | €577 | €1,912 | +€1,335 | +231% |
| Gross operating margin | 9900 | €7,834 | €4,775 | -€3,058 | -39.0% |
| Operating profit (loss) | 9901 | -€4,244 | -€33,852 | -€29,608 | -698% |
| Financial income | 75/76B | €114 | €0 | -€113 | -99.7% |
| Recurring financial income | 75 | €114 | €0 | -€113 | -99.7% |
| Financial charges | 65/66B | €1,942 | €3,807 | +€1,865 | +96.0% |
| Recurring financial charges | 65 | €1,942 | €3,807 | +€1,865 | +96.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,072 | -€37,659 | -€31,586 | -520% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,072 | -€37,659 | -€31,586 | -520% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,072 | -€37,659 | -€31,586 | -520% |
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 25 October 2026 via checked.be.