RAISR: 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.
RAISR
Largest movements
- Receivables within one year +€43,439
up €43,439 (+356%), from €12,202 to €55,641
of which Trade receivables: +€37,953
- Tangible fixed assets +€32,602
up €32,602 (+1,789%), from €1,822 to €34,424
of which Furniture and vehicles: +€32,902
- Cash +€5,137
up €5,137 (+23.7%), from €21,666 to €26,803
mainly Net result for the year (+€58,394) and Current portion of long-term debt (+€12,645)
- Profit (loss) carried forward +€58,394
up €58,394 (+236%), from €24,785 to €83,179
- Current portion of long-term debt +€12,645
new in 2025: €12,645
- Tax, wage and social debts +€8,913
up €8,913 (+115%), from €7,718 to €16,631
- Debts after one year +€2,151
new in 2025: €2,151
- Other debts -€1,339
down €1,339 (-100%), from €1,339 to €0
- Gross operating margin +€43,429
up €43,429 (+132%), from €32,884 to €76,313
- Taxes +€8,093
up €8,093 (+110%), from €7,364 to €15,457
- Depreciation +€1,219
up €1,219 (+680%), from €179 to €1,398
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 | €35,690 | €116,883 | +€81,193 | +227% |
| Fixed assets | 21/28 | €1,822 | €34,424 | +€32,602 | +1,789% |
| Tangible fixed assets | 22/27 | €1,822 | €34,424 | +€32,602 | +1,789% |
| Furniture and vehicles | 24 | €495 | €33,397 | +€32,902 | +6,643% |
| Other tangible fixed assets | 26 | €1,327 | €1,027 | -€300 | -22.6% |
| Current assets | 29/58 | €33,868 | €82,459 | +€48,591 | +143% |
| Amounts receivable within one year | 40/41 | €12,202 | €55,641 | +€43,439 | +356% |
| Trade receivables | 40 | €10,840 | €48,793 | +€37,953 | +350% |
| Other amounts receivable | 41 | €1,362 | €6,847 | +€5,485 | +403% |
| Cash at bank and in hand | 54/58 | €21,666 | €26,803 | +€5,137 | +23.7% |
| Deferred charges and accrued income | 490/1 | - | €15 | +€15 | |
| Total equity and liabilities | 10/49 | €35,690 | €116,883 | +€81,193 | +227% |
| Equity | 10/15 | €25,785 | €84,179 | +€58,394 | +226% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,785 | €83,179 | +€58,394 | +236% |
| Amounts payable | 17/49 | €9,905 | €32,704 | +€22,799 | +230% |
| Amounts payable after more than one year | 17 | - | €2,151 | +€2,151 | |
| Financial debts | 170/4 | - | €2,151 | +€2,151 | |
| Amounts payable within one year | 42/48 | €9,905 | €29,454 | +€19,549 | +197% |
| Current portion of amounts payable after more than one year | 42 | - | €12,645 | +€12,645 | |
| Trade debts | 44 | €848 | €178 | -€670 | -79.0% |
| Suppliers | 440/4 | €848 | €178 | -€670 | -79.0% |
| Taxes, remuneration and social security | 45 | €7,718 | €16,631 | +€8,913 | +115% |
| Taxes | 450/3 | €7,718 | €16,631 | +€8,913 | +115% |
| Other amounts payable | 47/48 | €1,339 | €0 | -€1,339 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179 | €1,398 | +€1,219 | +680% |
| Other operating charges | 640/8 | €50 | €190 | +€140 | +281% |
| Gross operating margin | 9900 | €32,884 | €76,313 | +€43,429 | +132% |
| Operating profit (loss) | 9901 | €32,655 | €74,725 | +€42,070 | +129% |
| Financial income | 75/76B | €0 | €18 | +€18 | +176,800% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +176,800% |
| Financial charges | 65/66B | €505 | €891 | +€386 | +76.5% |
| Recurring financial charges | 65 | €505 | €891 | +€386 | +76.5% |
| Profit (loss) for the period before taxes | 9903 | €32,150 | €73,851 | +€41,701 | +130% |
| Income taxes | 67/77 | €7,364 | €15,457 | +€8,093 | +110% |
| Profit (loss) for the period | 9904 | €24,785 | €58,394 | +€33,608 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €24,785 | €58,394 | +€33,608 | +136% |
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 17 October 2026 via checked.be.