RAISHA: 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.
RAISHA
Largest movements
- Stocks and contracts +€2,946
up €2,946 (+13.4%), from €22,047 to €24,992
- Cash -€1,661
down €1,661 (-73.2%), from €2,270 to €609
mainly Stocks and contracts (-€2,946) and Tax, wage and social debts (-€1,490)
- Tangible fixed assets -€410
down €410 (-68.4%), from €600 to €190
of which Plant, machinery and equipment: -€220
- Deferred charges and accrued income +€340
new in 2025: €340
- Profit (loss) carried forward +€1,815
up €1,815 (+61.9%), from €2,933 to €4,748
- Tax, wage and social debts -€1,490
down €1,490 (-37.8%), from €3,939 to €2,450
of which Remuneration and social security: -€1,755
- Other debts +€480
up €480 (+80.2%), from €599 to €1,079
- Trade debts +€409
up €409 (+1077.2%), from €38 to €447
- Turnover +€8,010
up €8,010 (+3.8%), from €211,458 to €219,468
- Gross operating margin +€4,451
up €4,451 (+120.3%), from €3,699 to €8,150
- Purchases and services +€3,440
up €3,440 (+1.6%), from €212,188 to €215,629
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 | €26,120 | €27,334 | +€1,215 | +4.7% |
| Fixed assets | 21/28 | €1,803 | €1,393 | -€410 | -22.7% |
| Tangible fixed assets | 22/27 | €600 | €190 | -€410 | -68.4% |
| Plant, machinery and equipment | 23 | €324 | €104 | -€220 | -68.0% |
| Furniture and vehicles | 24 | €276 | €86 | -€190 | -68.9% |
| Financial fixed assets | 28 | €1,203 | €1,203 | = | 0.0% |
| Current assets | 29/58 | €24,317 | €25,942 | +€1,625 | +6.7% |
| Stocks and contracts in progress | 3 | €22,047 | €24,992 | +€2,946 | +13.4% |
| Stocks | 30/36 | €22,047 | €24,992 | +€2,946 | +13.4% |
| Cash at bank and in hand | 54/58 | €2,270 | €609 | -€1,661 | -73.2% |
| Deferred charges and accrued income | 490/1 | - | €340 | +€340 | |
| Total equity and liabilities | 10/49 | €26,120 | €27,334 | +€1,215 | +4.7% |
| Equity | 10/15 | €21,543 | €23,358 | +€1,815 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,933 | €4,748 | +€1,815 | +61.9% |
| Amounts payable | 17/49 | €4,576 | €3,976 | -€600 | -13.1% |
| Amounts payable within one year | 42/48 | €4,576 | €3,976 | -€600 | -13.1% |
| Trade debts | 44 | €38 | €447 | +€409 | +1077.2% |
| Suppliers | 440/4 | €38 | €447 | +€409 | +1077.2% |
| Taxes, remuneration and social security | 45 | €3,939 | €2,450 | -€1,490 | -37.8% |
| Taxes | 450/3 | €880 | €1,145 | +€265 | +30.1% |
| Remuneration and social security | 454/9 | €3,059 | €1,304 | -€1,755 | -57.4% |
| Other amounts payable | 47/48 | €599 | €1,079 | +€480 | +80.2% |
| Turnover | 70 | €211,458 | €219,468 | +€8,010 | +3.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €212,188 | €215,629 | +€3,440 | +1.6% |
| Remuneration, social security and pensions | 62 | €2,406 | €2,328 | -€78 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410 | €410 | = | 0.0% |
| Other operating charges | 640/8 | €908 | €3,056 | +€2,148 | +236.6% |
| Gross operating margin | 9900 | €3,699 | €8,150 | +€4,451 | +120.3% |
| Operating profit (loss) | 9901 | -€24 | €2,356 | +€2,380 | |
| Financial charges | 65/66B | €47 | €87 | +€40 | +84.4% |
| Recurring financial charges | 65 | €47 | €87 | +€40 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | -€72 | €2,268 | +€2,340 | |
| Income taxes | 67/77 | €7 | €454 | +€447 | +6805.6% |
| Profit (loss) for the period | 9904 | -€78 | €1,815 | +€1,893 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78 | €1,815 | +€1,893 |
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 4 October 2026 via checked.be.