RAJA TRADE: 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 TRADE
Largest movements
- Stocks and contracts +€36,669
up €36,669 (+21.1%), from €173,547 to €210,216
- Tangible fixed assets +€21,780
new in 2025: €21,780
- Profit (loss) carried forward +€68,599
up €68,599, from -€30,838 to €37,761
- Trade debts -€37,172
down €37,172 (-23.7%), from €156,609 to €119,437
- Debts after one year +€25,662
new in 2025: €25,662
- Other debts -€19,763
down €19,763 (-85.0%), from €23,237 to €3,474
- Tax, wage and social debts +€19,653
up €19,653 (+84.1%), from €23,378 to €43,031
of which Remuneration and social security: +€11,348
- Purchases and services -€182,375
down €182,375 (-21.2%), from €859,798 to €677,423
- Gross operating margin +€122,547
up €122,547 (+626%), from €19,573 to €142,120
- Turnover -€73,687
down €73,687 (-8.9%), from €823,715 to €750,028
- Staff costs +€51,546
up €51,546 (+786%), from €6,557 to €58,103
- Taxes +€9,440
new in 2025: €9,440
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 | €179,780 | €236,759 | +€56,979 | +31.7% |
| Fixed assets | 21/28 | - | €21,780 | +€21,780 | |
| Tangible fixed assets | 22/27 | - | €21,780 | +€21,780 | |
| Furniture and vehicles | 24 | - | €21,780 | +€21,780 | |
| Current assets | 29/58 | €179,780 | €214,979 | +€35,199 | +19.6% |
| Stocks and contracts in progress | 3 | €173,547 | €210,216 | +€36,669 | +21.1% |
| Stocks | 30/36 | €173,547 | €210,216 | +€36,669 | +21.1% |
| Cash at bank and in hand | 54/58 | €6,233 | €4,763 | -€1,470 | -23.6% |
| Total equity and liabilities | 10/49 | €179,780 | €236,759 | +€56,979 | +31.7% |
| Equity | 10/15 | -€23,444 | €45,155 | +€68,599 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,194 | €1,194 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,194 | €1,194 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,194 | €1,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,838 | €37,761 | +€68,599 | |
| Amounts payable | 17/49 | €203,224 | €191,604 | -€11,620 | -5.7% |
| Amounts payable after more than one year | 17 | - | €25,662 | +€25,662 | |
| Financial debts | 170/4 | - | €25,662 | +€25,662 | |
| Amounts payable within one year | 42/48 | €203,224 | €165,942 | -€37,282 | -18.3% |
| Trade debts | 44 | €156,609 | €119,437 | -€37,172 | -23.7% |
| Suppliers | 440/4 | €156,609 | €119,437 | -€37,172 | -23.7% |
| Taxes, remuneration and social security | 45 | €23,378 | €43,031 | +€19,653 | +84.1% |
| Taxes | 450/3 | €10,928 | €19,233 | +€8,305 | +76.0% |
| Remuneration and social security | 454/9 | €12,450 | €23,798 | +€11,348 | +91.1% |
| Other amounts payable | 47/48 | €23,237 | €3,474 | -€19,763 | -85.0% |
| Turnover | 70 | €823,715 | €750,028 | -€73,687 | -8.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €859,798 | €677,423 | -€182,375 | -21.2% |
| Remuneration, social security and pensions | 62 | €6,557 | €58,103 | +€51,546 | +786% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €946 | +€946 | |
| Other operating charges | 640/8 | €2,303 | €3,805 | +€1,502 | +65.2% |
| Gross operating margin | 9900 | €19,573 | €142,120 | +€122,547 | +626% |
| Operating profit (loss) | 9901 | €10,713 | €79,266 | +€68,553 | +640% |
| Financial charges | 65/66B | €3,984 | €1,227 | -€2,757 | -69.2% |
| Recurring financial charges | 65 | €3,984 | €1,227 | -€2,757 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €6,729 | €78,039 | +€71,310 | +1,060% |
| Income taxes | 67/77 | - | €9,440 | +€9,440 | |
| Profit (loss) for the period | 9904 | €6,729 | €68,599 | +€61,870 | +919% |
| Profit (loss) for the period to be appropriated | 9905 | €6,729 | €68,599 | +€61,870 | +919% |
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 24 October 2026 via checked.be.