RAJA.IT: 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.IT
Largest movements
- Cash +€55,921
up €55,921 (+76.0%), from €73,582 to €129,502
mainly Net result for the year (+€63,663) and Trade debts (+€1,695)
- Deferred charges and accrued income +€2,682
up €2,682 (+7580.6%), from €35 to €2,717
- Receivables within one year -€1,480
down €1,480 (-11.7%), from €12,677 to €11,197
of which Trade receivables: -€1,706
- Profit (loss) carried forward +€61,997
up €61,997 (+94.1%), from €65,901 to €127,899
- Tax, wage and social debts -€7,123
down €7,123 (-48.9%), from €14,553 to €7,430
of which Taxes: -€7,123
- Trade debts +€1,695
up €1,695 (+1246.4%), from €136 to €1,831
- Gross operating margin -€5,970
down €5,970 (-6.8%), from €88,038 to €82,069
- Depreciation -€1,807
down €1,807 (-68.5%), from €2,640 to €833
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 | €88,742 | €145,032 | +€56,290 | +63.4% |
| Fixed assets | 21/28 | €2,448 | €1,616 | -€833 | -34.0% |
| Tangible fixed assets | 22/27 | €2,448 | €1,616 | -€833 | -34.0% |
| Furniture and vehicles | 24 | €2,448 | €1,616 | -€833 | -34.0% |
| Current assets | 29/58 | €86,294 | €143,416 | +€57,123 | +66.2% |
| Amounts receivable within one year | 40/41 | €12,677 | €11,197 | -€1,480 | -11.7% |
| Trade receivables | 40 | €11,931 | €10,225 | -€1,706 | -14.3% |
| Other amounts receivable | 41 | €746 | €972 | +€226 | +30.3% |
| Cash at bank and in hand | 54/58 | €73,582 | €129,502 | +€55,921 | +76.0% |
| Deferred charges and accrued income | 490/1 | €35 | €2,717 | +€2,682 | +7580.6% |
| Total equity and liabilities | 10/49 | €88,742 | €145,032 | +€56,290 | +63.4% |
| Equity | 10/15 | €68,401 | €130,399 | +€61,997 | +90.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,901 | €127,899 | +€61,997 | +94.1% |
| Amounts payable | 17/49 | €20,341 | €14,633 | -€5,708 | -28.1% |
| Amounts payable within one year | 42/48 | €17,246 | €11,908 | -€5,338 | -30.9% |
| Trade debts | 44 | €136 | €1,831 | +€1,695 | +1246.4% |
| Suppliers | 440/4 | €136 | €1,831 | +€1,695 | +1246.4% |
| Taxes, remuneration and social security | 45 | €14,553 | €7,430 | -€7,123 | -48.9% |
| Taxes | 450/3 | €13,153 | €6,030 | -€7,123 | -54.2% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €2,557 | €2,647 | +€91 | +3.5% |
| Accrued charges and deferred income | 492/3 | €3,095 | €2,725 | -€370 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,640 | €833 | -€1,807 | -68.5% |
| Other operating charges | 640/8 | - | €194 | +€194 | |
| Gross operating margin | 9900 | €88,038 | €82,069 | -€5,970 | -6.8% |
| Operating profit (loss) | 9901 | €85,398 | €81,042 | -€4,356 | -5.1% |
| Financial charges | 65/66B | €77 | €351 | +€274 | +356.1% |
| Recurring financial charges | 65 | €77 | €351 | +€274 | +356.1% |
| Profit (loss) for the period before taxes | 9903 | €85,321 | €80,691 | -€4,630 | -5.4% |
| Income taxes | 67/77 | €17,754 | €17,028 | -€726 | -4.1% |
| Profit (loss) for the period | 9904 | €67,567 | €63,663 | -€3,904 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,567 | €63,663 | -€3,904 | -5.8% |
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 10 October 2026 via checked.be.