Raket 17: 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.
Raket 17
Largest movements
- Receivables within one year +€19,869
up €19,869 (+27.3%), from €72,665 to €92,533
of which Other amounts receivable: +€15,140
- Cash -€11,447
down €11,447 (-97.1%), from €11,790 to €344
mainly Net result for the year (-€42,087) and Receivables within one year (-€19,869)
- Intangible fixed assets -€2,024
down €2,024 (-10.2%), from €19,939 to €17,914
- Profit (loss) carried forward -€42,087
down €42,087 (-121%), from -€34,715 to -€76,802
- Other debts +€35,890
up €35,890 (+1,315%), from €2,729 to €38,619
- Trade debts +€12,594
up €12,594 (+197%), from €6,380 to €18,974
- Gross operating margin -€5,425
down €5,425 (-16.2%), from -€33,414 to -€38,839
- Depreciation +€1,718
up €1,718 (+561%), from €306 to €2,024
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 | €154,394 | €160,791 | +€6,397 | +4.1% |
| Fixed assets | 21/28 | €69,939 | €67,914 | -€2,024 | -2.9% |
| Intangible fixed assets | 21 | €19,939 | €17,914 | -€2,024 | -10.2% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €84,455 | €92,877 | +€8,422 | +10.0% |
| Amounts receivable within one year | 40/41 | €72,665 | €92,533 | +€19,869 | +27.3% |
| Trade receivables | 40 | €15,432 | €20,161 | +€4,729 | +30.6% |
| Other amounts receivable | 41 | €57,232 | €72,372 | +€15,140 | +26.5% |
| Cash at bank and in hand | 54/58 | €11,790 | €344 | -€11,447 | -97.1% |
| Total equity and liabilities | 10/49 | €154,394 | €160,791 | +€6,397 | +4.1% |
| Equity | 10/15 | €145,285 | €103,198 | -€42,087 | -29.0% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,715 | -€76,802 | -€42,087 | -121% |
| Amounts payable | 17/49 | €9,109 | €57,593 | +€48,484 | +532% |
| Amounts payable within one year | 42/48 | €9,109 | €57,593 | +€48,484 | +532% |
| Trade debts | 44 | €6,380 | €18,974 | +€12,594 | +197% |
| Suppliers | 440/4 | €6,380 | €18,974 | +€12,594 | +197% |
| Other amounts payable | 47/48 | €2,729 | €38,619 | +€35,890 | +1,315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306 | €2,024 | +€1,718 | +561% |
| Other operating charges | 640/8 | €655 | €687 | +€32 | +4.9% |
| Gross operating margin | 9900 | -€33,414 | -€38,839 | -€5,425 | -16.2% |
| Operating profit (loss) | 9901 | -€34,376 | -€41,551 | -€7,175 | -20.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €339 | €536 | +€197 | +57.9% |
| Recurring financial charges | 65 | €339 | €536 | +€197 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,715 | -€42,087 | -€7,372 | -21.2% |
| Profit (loss) for the period | 9904 | -€34,715 | -€42,087 | -€7,372 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,715 | -€42,087 | -€7,372 | -21.2% |
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 19 October 2026 via checked.be.