RAKOU: 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.
RAKOU
Largest movements
- Receivables after one year +€26,156
up €26,156 (+9.5%), from €276,635 to €302,791
- Cash -€9,188
down €9,188 (-26.3%), from €34,968 to €25,780
mainly Receivables after one year (-€26,156) and Investment in fixed assets (net) (-€4,913)
- Reserves +€23,570
up €23,570 (+7.6%), from €310,588 to €334,158
- Financial income +€2,536
up €2,536 (+15.7%), from €16,171 to €18,707
- Taxes +€2,458
up €2,458 (+18.3%), from €13,450 to €15,908
- Other operating charges -€1,360
down €1,360 (-59.3%), from €2,293 to €933
- Financial charges +€1,034
up €1,034 (+80.4%), from €1,286 to €2,321
- Gross operating margin +€644
up €644 (+2.6%), from €24,657 to €25,301
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 | €350,190 | €368,391 | +€18,201 | +5.2% |
| Fixed assets | 21/28 | €8,502 | €12,140 | +€3,638 | +42.8% |
| Tangible fixed assets | 22/27 | €8,502 | €9,540 | +€1,038 | +12.2% |
| Land and buildings | 22 | €5,635 | €5,008 | -€626 | -11.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,868 | €4,531 | +€1,664 | +58.0% |
| Financial fixed assets | 28 | - | €2,600 | +€2,600 | |
| Current assets | 29/58 | €341,688 | €356,251 | +€14,564 | +4.3% |
| Amounts receivable after more than one year | 29 | €276,635 | €302,791 | +€26,156 | +9.5% |
| Other amounts receivable | 291 | €276,635 | €302,791 | +€26,156 | +9.5% |
| Amounts receivable within one year | 40/41 | €30,085 | €27,681 | -€2,404 | -8.0% |
| Trade receivables | 40 | €18,157 | €7,466 | -€10,691 | -58.9% |
| Other amounts receivable | 41 | €11,928 | €20,215 | +€8,287 | +69.5% |
| Cash at bank and in hand | 54/58 | €34,968 | €25,780 | -€9,188 | -26.3% |
| Total equity and liabilities | 10/49 | €350,190 | €368,391 | +€18,201 | +5.2% |
| Equity | 10/15 | €316,788 | €340,358 | +€23,570 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €310,588 | €334,158 | +€23,570 | +7.6% |
| Distributable reserves | 133 | €310,588 | €334,158 | +€23,570 | +7.6% |
| Amounts payable | 17/49 | €33,402 | €28,033 | -€5,369 | -16.1% |
| Amounts payable within one year | 42/48 | €33,402 | €28,033 | -€5,369 | -16.1% |
| Financial debts | 43 | €4,625 | €2,296 | -€2,329 | -50.4% |
| Other loans | 439 | €4,625 | €2,296 | -€2,329 | -50.4% |
| Trade debts | 44 | €3,108 | €2,422 | -€685 | -22.1% |
| Suppliers | 440/4 | €3,108 | €2,422 | -€685 | -22.1% |
| Taxes, remuneration and social security | 45 | €25,670 | €23,315 | -€2,355 | -9.2% |
| Taxes | 450/3 | €23,470 | €23,315 | -€155 | -0.7% |
| Remuneration and social security | 454/9 | €2,200 | - | -€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €958 | €1,276 | +€317 | +33.1% |
| Other operating charges | 640/8 | €2,293 | €933 | -€1,360 | -59.3% |
| Gross operating margin | 9900 | €24,657 | €25,301 | +€644 | +2.6% |
| Operating profit (loss) | 9901 | €21,406 | €23,092 | +€1,687 | +7.9% |
| Financial income | 75/76B | €16,171 | €18,707 | +€2,536 | +15.7% |
| Recurring financial income | 75 | €16,171 | €18,707 | +€2,536 | +15.7% |
| Financial charges | 65/66B | €1,286 | €2,321 | +€1,034 | +80.4% |
| Recurring financial charges | 65 | €1,286 | €2,321 | +€1,034 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €36,290 | €39,478 | +€3,188 | +8.8% |
| Income taxes | 67/77 | €13,450 | €15,908 | +€2,458 | +18.3% |
| Profit (loss) for the period | 9904 | €22,840 | €23,570 | +€730 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,840 | €23,570 | +€730 | +3.2% |
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 14 October 2026 via checked.be.