RAIR: 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.
RAIR
Largest movements
- Cash +€105,123
up €105,123 (+1,207%), from €8,710 to €113,832
mainly Debts after one year (+€95,714) and Net result for the year (+€13,635)
- Debts after one year +€95,714
up €95,714 (+206%), from €46,428 to €142,143
of which Other amounts payable: +€110,000
- Reserves +€13,635
up €13,635 (+75.4%), from €18,086 to €31,721
- Trade debts -€6,655
down €6,655 (-40.6%), from €16,390 to €9,735
- Gross operating margin -€675
down €675 (-3.2%), from €20,877 to €20,202
- Other operating charges -€509
down €509 (-78.7%), from €646 to €138
- Financial charges -€357
down €357 (-17.0%), from €2,099 to €1,741
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 | €208,710 | €313,832 | +€105,123 | +50.4% |
| Fixed assets | 21/28 | €200,000 | €200,000 | = | 0.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €8,710 | €113,832 | +€105,123 | +1,207% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,710 | €113,832 | +€105,123 | +1,207% |
| Total equity and liabilities | 10/49 | €208,710 | €313,832 | +€105,123 | +50.4% |
| Equity | 10/15 | €120,086 | €133,721 | +€13,635 | +11.4% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €18,086 | €31,721 | +€13,635 | +75.4% |
| Distributable reserves | 133 | €18,086 | €31,721 | +€13,635 | +75.4% |
| Amounts payable | 17/49 | €88,624 | €180,111 | +€91,487 | +103% |
| Amounts payable after more than one year | 17 | €46,428 | €142,143 | +€95,714 | +206% |
| Financial debts | 170/4 | €46,428 | €32,143 | -€14,286 | -30.8% |
| Other amounts payable | 178/9 | - | €110,000 | +€110,000 | |
| Amounts payable within one year | 42/48 | €38,486 | €32,562 | -€5,924 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €14,286 | €14,286 | = | 0.0% |
| Trade debts | 44 | €16,390 | €9,735 | -€6,655 | -40.6% |
| Suppliers | 440/4 | €16,390 | €9,735 | -€6,655 | -40.6% |
| Taxes, remuneration and social security | 45 | €7,810 | €8,541 | +€731 | +9.4% |
| Taxes | 450/3 | €7,810 | €8,541 | +€731 | +9.4% |
| Accrued charges and deferred income | 492/3 | €3,710 | €5,406 | +€1,696 | +45.7% |
| Other operating charges | 640/8 | €646 | €138 | -€509 | -78.7% |
| Gross operating margin | 9900 | €20,877 | €20,202 | -€675 | -3.2% |
| Operating profit (loss) | 9901 | €20,231 | €20,064 | -€166 | -0.8% |
| Financial charges | 65/66B | €2,099 | €1,741 | -€357 | -17.0% |
| Recurring financial charges | 65 | €2,099 | €1,741 | -€357 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €18,132 | €18,323 | +€191 | +1.1% |
| Income taxes | 67/77 | €4,533 | €4,688 | +€155 | +3.4% |
| Profit (loss) for the period | 9904 | €13,599 | €13,635 | +€36 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,599 | €13,635 | +€36 | +0.3% |
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 20 October 2026 via checked.be.