RAKEDI: 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.
RAKEDI
Largest movements
- Receivables within one year +€25,764
up €25,764 (+106%), from €24,246 to €50,009
of which Trade receivables: +€23,984
- Tangible fixed assets -€9,743
down €9,743 (-27.5%), from €35,412 to €25,670
of which Furniture and vehicles: -€11,279
- Cash +€7,485
up €7,485 (+1.9%), from €395,648 to €403,134
mainly Net result for the year (+€233,038) and Trade debts (+€11,391)
- Reserves +€33,038
up €33,038 (+15.1%), from €218,148 to €251,185
- Tax, wage and social debts -€19,402
down €19,402 (-18.2%), from €106,509 to €87,107
of which Taxes: -€25,861
- Trade debts +€11,391
up €11,391 (+2,719%), from €419 to €11,810
- Staff costs +€16,185
up €16,185 (+18.0%), from €89,733 to €105,917
- Gross operating margin -€12,370
down €12,370 (-2.7%), from €453,131 to €440,761
- Write-downs -€11,225
down €11,225 (-57.0%), from €19,683 to €8,457
- Other operating charges -€4,539
down €4,539 (-86.1%), from €5,272 to €733
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 | €498,772 | €522,376 | +€23,605 | +4.7% |
| Fixed assets | 21/28 | €35,412 | €25,670 | -€9,743 | -27.5% |
| Tangible fixed assets | 22/27 | €35,412 | €25,670 | -€9,743 | -27.5% |
| Plant, machinery and equipment | 23 | - | €1,536 | +€1,536 | |
| Furniture and vehicles | 24 | €35,412 | €24,133 | -€11,279 | -31.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €463,359 | €496,707 | +€33,347 | +7.2% |
| Stocks and contracts in progress | 3 | €40,471 | €39,733 | -€738 | -1.8% |
| Stocks | 30/36 | €40,471 | €39,733 | -€738 | -1.8% |
| Amounts receivable within one year | 40/41 | €24,246 | €50,009 | +€25,764 | +106% |
| Trade receivables | 40 | €24,246 | €48,230 | +€23,984 | +98.9% |
| Other amounts receivable | 41 | €0 | €1,780 | +€1,780 | |
| Cash at bank and in hand | 54/58 | €395,648 | €403,134 | +€7,485 | +1.9% |
| Deferred charges and accrued income | 490/1 | €2,994 | €3,830 | +€836 | +27.9% |
| Total equity and liabilities | 10/49 | €498,772 | €522,376 | +€23,605 | +4.7% |
| Equity | 10/15 | €238,608 | €271,645 | +€33,038 | +13.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €218,148 | €251,185 | +€33,038 | +15.1% |
| Distributable reserves | 133 | €218,148 | €251,185 | +€33,038 | +15.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €260,164 | €250,731 | -€9,433 | -3.6% |
| Amounts payable within one year | 42/48 | €260,145 | €250,731 | -€9,414 | -3.6% |
| Trade debts | 44 | €419 | €11,810 | +€11,391 | +2,719% |
| Suppliers | 440/4 | €419 | €11,810 | +€11,391 | +2,719% |
| Taxes, remuneration and social security | 45 | €106,509 | €87,107 | -€19,402 | -18.2% |
| Taxes | 450/3 | €99,487 | €73,626 | -€25,861 | -26.0% |
| Remuneration and social security | 454/9 | €7,022 | €13,481 | +€6,459 | +92.0% |
| Other amounts payable | 47/48 | €153,217 | €151,814 | -€1,404 | -0.9% |
| Accrued charges and deferred income | 492/3 | €19 | €0 | -€19 | -100% |
| Remuneration, social security and pensions | 62 | €89,733 | €105,917 | +€16,185 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,415 | €11,360 | +€1,944 | +20.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,683 | €8,457 | -€11,225 | -57.0% |
| Other operating charges | 640/8 | €5,272 | €733 | -€4,539 | -86.1% |
| Gross operating margin | 9900 | €453,131 | €440,761 | -€12,370 | -2.7% |
| Operating profit (loss) | 9901 | €329,029 | €314,294 | -€14,735 | -4.5% |
| Financial income | 75/76B | €4,334 | €4,277 | -€57 | -1.3% |
| Recurring financial income | 75 | €4,334 | €4,277 | -€57 | -1.3% |
| Financial charges | 65/66B | €4,027 | €3,183 | -€844 | -20.9% |
| Recurring financial charges | 65 | €4,027 | €3,183 | -€844 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €329,335 | €315,387 | -€13,948 | -4.2% |
| Income taxes | 67/77 | €84,322 | €82,349 | -€1,973 | -2.3% |
| Profit (loss) for the period | 9904 | €245,013 | €233,038 | -€11,976 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €245,013 | €233,038 | -€11,976 | -4.9% |
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 22 October 2026 via checked.be.