RAKI: 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.
RAKI
Largest movements
- Tangible fixed assets -€5,066
down €5,066 (-43.0%), from €11,775 to €6,709
of which Plant, machinery and equipment: -€2,685
- Cash +€3,972
up €3,972 (+38.3%), from €10,358 to €14,330
mainly Depreciation (+€5,066) and Receivables within one year (+€3,090)
- Receivables within one year -€3,090
down €3,090 (-35.6%), from €8,685 to €5,595
- Tax, wage and social debts -€2,525
down €2,525 (-45.2%), from €5,583 to €3,058
- Trade debts -€1,092
down €1,092 (-66.5%), from €1,643 to €551
- Taxes -€498
no longer reported in 2025 (was €498)
- Gross operating margin -€481
down €481 (-8.7%), from €5,549 to €5,068
- Other operating charges -€441
down €441 (-45.3%), from €974 to €533
- Financial income +€179
up €179 (+136.0%), from €132 to €311
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 | €31,712 | €27,789 | -€3,923 | -12.4% |
| Fixed assets | 21/28 | €11,775 | €6,709 | -€5,066 | -43.0% |
| Tangible fixed assets | 22/27 | €11,775 | €6,709 | -€5,066 | -43.0% |
| Plant, machinery and equipment | 23 | €5,886 | €3,201 | -€2,685 | -45.6% |
| Furniture and vehicles | 24 | €5,890 | €3,508 | -€2,381 | -40.4% |
| Current assets | 29/58 | €19,937 | €21,080 | +€1,143 | +5.7% |
| Stocks and contracts in progress | 3 | €894 | €1,156 | +€262 | +29.3% |
| Stocks | 30/36 | €894 | €1,156 | +€262 | +29.3% |
| Amounts receivable within one year | 40/41 | €8,685 | €5,595 | -€3,090 | -35.6% |
| Other amounts receivable | 41 | €8,685 | €5,595 | -€3,090 | -35.6% |
| Cash at bank and in hand | 54/58 | €10,358 | €14,330 | +€3,972 | +38.3% |
| Total equity and liabilities | 10/49 | €31,712 | €27,789 | -€3,923 | -12.4% |
| Equity | 10/15 | €24,486 | €24,180 | -€306 | -1.2% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,486 | €13,180 | -€306 | -2.3% |
| Amounts payable | 17/49 | €7,226 | €3,609 | -€3,617 | -50.1% |
| Amounts payable within one year | 42/48 | €7,226 | €3,609 | -€3,617 | -50.1% |
| Trade debts | 44 | €1,643 | €551 | -€1,092 | -66.5% |
| Suppliers | 440/4 | €1,643 | €551 | -€1,092 | -66.5% |
| Taxes, remuneration and social security | 45 | €5,583 | €3,058 | -€2,525 | -45.2% |
| Taxes | 450/3 | €5,583 | €3,058 | -€2,525 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,066 | €5,066 | = | 0.0% |
| Other operating charges | 640/8 | €974 | €533 | -€441 | -45.3% |
| Gross operating margin | 9900 | €5,549 | €5,068 | -€481 | -8.7% |
| Operating profit (loss) | 9901 | -€491 | -€530 | -€40 | -8.1% |
| Financial income | 75/76B | €132 | €311 | +€179 | +136.0% |
| Recurring financial income | 75 | €132 | €311 | +€179 | +136.0% |
| Financial charges | 65/66B | €83 | €87 | +€5 | +5.6% |
| Recurring financial charges | 65 | €83 | €87 | +€5 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€441 | -€306 | +€135 | +30.7% |
| Income taxes | 67/77 | €498 | - | -€498 | |
| Profit (loss) for the period | 9904 | -€939 | -€306 | +€633 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€939 | -€306 | +€633 | +67.4% |
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 8 October 2026 via checked.be.