RAJA A.K.: 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.
RAJA A.K.
Largest movements
- Cash +€8,497
up €8,497 (+102%), from €8,371 to €16,868
mainly Stocks and contracts (+€7,069) and Net result for the year (+€980)
- Stocks and contracts -€7,069
down €7,069 (-27.5%), from €25,692 to €18,623
- Tangible fixed assets -€773
down €773 (-42.9%), from €1,804 to €1,031
- Reserves +€980
up €980 (+5.7%), from €17,260 to €18,240
of which Distributable reserves: +€980
- Gross operating margin +€1,307
up €1,307 (+29.3%), from €4,465 to €5,772
- Other operating charges +€551
up €551 (+19.1%), from €2,882 to €3,433
- Taxes +€340
up €340 (+264%), from €129 to €470
- Depreciation +€258
up €258 (+50.0%), from €516 to €773
- Staff costs -€163
down €163 (-100%), from €163 to €0
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 | €37,772 | €38,428 | +€656 | +1.7% |
| Fixed assets | 21/28 | €3,664 | €2,890 | -€773 | -21.1% |
| Tangible fixed assets | 22/27 | €1,804 | €1,031 | -€773 | -42.9% |
| Plant, machinery and equipment | 23 | €1,804 | €1,031 | -€773 | -42.9% |
| Financial fixed assets | 28 | €1,859 | €1,859 | = | 0.0% |
| Current assets | 29/58 | €34,109 | €35,538 | +€1,429 | +4.2% |
| Stocks and contracts in progress | 3 | €25,692 | €18,623 | -€7,069 | -27.5% |
| Stocks | 30/36 | €25,692 | €18,623 | -€7,069 | -27.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,371 | €16,868 | +€8,497 | +102% |
| Deferred charges and accrued income | 490/1 | €46 | €47 | +€1 | +2.2% |
| Total equity and liabilities | 10/49 | €37,772 | €38,428 | +€656 | +1.7% |
| Equity | 10/15 | €35,860 | €36,840 | +€980 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,260 | €18,240 | +€980 | +5.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,400 | €16,380 | +€980 | +6.4% |
| Amounts payable | 17/49 | €1,912 | €1,588 | -€324 | -17.0% |
| Amounts payable within one year | 42/48 | €1,912 | €1,588 | -€324 | -17.0% |
| Trade debts | 44 | €173 | €141 | -€32 | -18.6% |
| Suppliers | 440/4 | €173 | €141 | -€32 | -18.6% |
| Taxes, remuneration and social security | 45 | €1,739 | €1,447 | -€292 | -16.8% |
| Taxes | 450/3 | €194 | €1,447 | +€1,253 | +646% |
| Remuneration and social security | 454/9 | €1,545 | €0 | -€1,545 | -100% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Remuneration, social security and pensions | 62 | €163 | €0 | -€163 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €516 | €773 | +€258 | +50.0% |
| Other operating charges | 640/8 | €2,882 | €3,433 | +€551 | +19.1% |
| Gross operating margin | 9900 | €4,465 | €5,772 | +€1,307 | +29.3% |
| Operating profit (loss) | 9901 | €904 | €1,566 | +€662 | +73.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €126 | €117 | -€9 | -7.3% |
| Recurring financial charges | 65 | €126 | €117 | -€9 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €778 | €1,449 | +€671 | +86.3% |
| Income taxes | 67/77 | €129 | €470 | +€340 | +264% |
| Profit (loss) for the period | 9904 | €649 | €980 | +€331 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €649 | €980 | +€331 | +51.0% |
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 31 October 2026 via checked.be.