Rakestro: what changed
Two fiscal 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.
Rakestro
Largest movements
- Intangible fixed assets -€30,000
down €30,000 (-51.9%), from €57,834 to €27,834
- Cash -€28,961
down €28,961 (-30.0%), from €96,402 to €67,441
mainly Contributions, distributions and other (-€253,901) and Tax, wage and social debts (-€33,788)
- Receivables within one year +€25,529
up €25,529 (+15.8%), from €161,616 to €187,146
of which Trade receivables: +€19,776
- Tax, wage and social debts -€33,788
down €33,788 (-70.6%), from €47,873 to €14,085
- Gross operating margin -€26,871
down €26,871 (-6.7%), from €399,479 to €372,607
- Taxes -€5,753
down €5,753 (-6.6%), from €87,833 to €82,080
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 | €322,638 | €287,581 | -€35,056 | -10.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €63,510 | €31,443 | -€32,067 | -50.5% |
| Intangible fixed assets | 21 | €57,834 | €27,834 | -€30,000 | -51.9% |
| Tangible fixed assets | 22/27 | €5,677 | €3,610 | -€2,067 | -36.4% |
| Furniture and vehicles | 24 | €5,677 | €3,610 | -€2,067 | -36.4% |
| Current assets | 29/58 | €259,127 | €256,138 | -€2,989 | -1.2% |
| Amounts receivable within one year | 40/41 | €161,616 | €187,146 | +€25,529 | +15.8% |
| Trade receivables | 40 | €159,449 | €179,226 | +€19,776 | +12.4% |
| Other amounts receivable | 41 | €2,167 | €7,920 | +€5,753 | +265.5% |
| Cash at bank and in hand | 54/58 | €96,402 | €67,441 | -€28,961 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,109 | €1,551 | +€442 | +39.9% |
| Total equity and liabilities | 10/49 | €322,638 | €287,581 | -€35,056 | -10.9% |
| Equity | 10/15 | €1,600 | €1,600 | = | 0.0% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable | 17/49 | €321,038 | €285,981 | -€35,056 | -10.9% |
| Amounts payable within one year | 42/48 | €321,038 | €285,981 | -€35,056 | -10.9% |
| Trade debts | 44 | €1,831 | €3,320 | +€1,489 | +81.3% |
| Suppliers | 440/4 | €1,831 | €3,320 | +€1,489 | +81.3% |
| Taxes, remuneration and social security | 45 | €47,873 | €14,085 | -€33,788 | -70.6% |
| Taxes | 450/3 | €47,873 | €14,085 | -€33,788 | -70.6% |
| Other amounts payable | 47/48 | €271,333 | €268,576 | -€2,757 | -1.0% |
| Non-recurring operating income | 76A | - | €446 | +€446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,048 | €32,067 | +€19 | +0.1% |
| Other operating charges | 640/8 | €282 | €3,299 | +€3,017 | +1070.2% |
| Gross operating margin | 9900 | €399,479 | €372,607 | -€26,871 | -6.7% |
| Operating profit (loss) | 9901 | €367,149 | €337,242 | -€29,907 | -8.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €160 | €1,262 | +€1,102 | +690.8% |
| Recurring financial charges | 65 | €160 | €1,262 | +€1,102 | +690.8% |
| Profit (loss) for the period before taxes | 9903 | €366,990 | €335,980 | -€31,009 | -8.4% |
| Income taxes | 67/77 | €87,833 | €82,080 | -€5,753 | -6.6% |
| Profit (loss) for the period | 9904 | €279,157 | €253,901 | -€25,256 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €279,157 | €253,901 | -€25,256 | -9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.