RAIT Solutions: 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.
RAIT Solutions
Largest movements
- Receivables within one year +€108,965
up €108,965 (+103.5%), from €105,240 to €214,205
of which Other amounts receivable: +€83,643
- Cash -€36,028
down €36,028 (-45.4%), from €79,355 to €43,328
mainly Receivables within one year (-€108,965) and Investment in fixed assets (net) (-€51,332)
- Tangible fixed assets +€28,589
up €28,589 (+74.2%), from €38,545 to €67,133
of which Furniture and vehicles: +€23,814
- Deferred charges and accrued income +€5,488
up €5,488 (+7047.9%), from €78 to €5,566
- Reserves +€78,385
up €78,385 (+44.1%), from €177,858 to €256,244
- Trade debts +€14,902
up €14,902 (+139.2%), from €10,706 to €25,608
- Debts after one year +€10,185
up €10,185 (+133.3%), from €7,639 to €17,825
- Tax, wage and social debts -€8,621
down €8,621 (-87.7%), from €9,832 to €1,211
- Other debts +€6,494
up €6,494 (+323.7%), from €2,006 to €8,500
- Financial charges +€44,351
up €44,351 (+3147.0%), from €1,409 to €45,760
- Gross operating margin +€37,853
up €37,853 (+27.9%), from €135,841 to €173,694
- Depreciation +€6,549
up €6,549 (+40.6%), from €16,114 to €22,663
- Financial income +€4,880
up €4,880 (+3753.6%), from €130 to €5,010
- Taxes -€4,136
down €4,136 (-16.8%), from €24,634 to €20,498
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,718 | €331,812 | +€107,095 | +47.7% |
| Fixed assets | 21/28 | €40,045 | €68,713 | +€28,669 | +71.6% |
| Tangible fixed assets | 22/27 | €38,545 | €67,133 | +€28,589 | +74.2% |
| Plant, machinery and equipment | 23 | €5,995 | €10,770 | +€4,774 | +79.6% |
| Furniture and vehicles | 24 | €32,549 | €56,364 | +€23,814 | +73.2% |
| Financial fixed assets | 28 | €1,500 | €1,580 | +€80 | +5.3% |
| Current assets | 29/58 | €184,673 | €263,099 | +€78,426 | +42.5% |
| Amounts receivable within one year | 40/41 | €105,240 | €214,205 | +€108,965 | +103.5% |
| Trade receivables | 40 | €55,012 | €80,334 | +€25,322 | +46.0% |
| Other amounts receivable | 41 | €50,228 | €133,871 | +€83,643 | +166.5% |
| Cash at bank and in hand | 54/58 | €79,355 | €43,328 | -€36,028 | -45.4% |
| Deferred charges and accrued income | 490/1 | €78 | €5,566 | +€5,488 | +7047.9% |
| Total equity and liabilities | 10/49 | €224,718 | €331,812 | +€107,095 | +47.7% |
| Equity | 10/15 | €181,858 | €260,244 | +€78,385 | +43.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €177,858 | €256,244 | +€78,385 | +44.1% |
| Distributable reserves | 133 | €177,858 | €256,244 | +€78,385 | +44.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €42,860 | €71,569 | +€28,709 | +67.0% |
| Amounts payable after more than one year | 17 | €7,639 | €17,825 | +€10,185 | +133.3% |
| Financial debts | 170/4 | €7,639 | €17,825 | +€10,185 | +133.3% |
| Amounts payable within one year | 42/48 | €35,220 | €53,744 | +€18,524 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €12,664 | €18,425 | +€5,761 | +45.5% |
| Financial debts | 43 | €12 | €0 | -€12 | -100.0% |
| Credit institutions | 430/8 | €12 | €0 | -€12 | -100.0% |
| Trade debts | 44 | €10,706 | €25,608 | +€14,902 | +139.2% |
| Suppliers | 440/4 | €10,706 | €25,608 | +€14,902 | +139.2% |
| Taxes, remuneration and social security | 45 | €9,832 | €1,211 | -€8,621 | -87.7% |
| Taxes | 450/3 | €9,832 | €1,211 | -€8,621 | -87.7% |
| Other amounts payable | 47/48 | €2,006 | €8,500 | +€6,494 | +323.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,114 | €22,663 | +€6,549 | +40.6% |
| Other operating charges | 640/8 | €1,827 | €2,898 | +€1,072 | +58.7% |
| Gross operating margin | 9900 | €135,841 | €173,694 | +€37,853 | +27.9% |
| Operating profit (loss) | 9901 | €117,901 | €148,133 | +€30,232 | +25.6% |
| Financial income | 75/76B | €130 | €5,010 | +€4,880 | +3753.6% |
| Recurring financial income | 75 | €130 | €5,010 | +€4,880 | +3753.6% |
| Financial charges | 65/66B | €1,409 | €45,760 | +€44,351 | +3147.0% |
| Recurring financial charges | 65 | €1,409 | €45,760 | +€44,351 | +3147.0% |
| Profit (loss) for the period before taxes | 9903 | €116,622 | €107,383 | -€9,239 | -7.9% |
| Income taxes | 67/77 | €24,634 | €20,498 | -€4,136 | -16.8% |
| Profit (loss) for the period | 9904 | €91,987 | €86,885 | -€5,102 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,987 | €86,885 | -€5,102 | -5.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.