RAPHAE: 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.
RAPHAE
Largest movements
- Stocks and contracts +€95,000
new in 2025: €95,000
- Financial fixed assets -€6,500
down €6,500 (-100%), from €6,500 to €0
- Cash +€6,342
up €6,342 (+15,039%), from €42 to €6,384
mainly Tax, wage and social debts (+€41,307) and Other debts (+€30,836)
- Tax, wage and social debts +€41,307
new in 2025: €41,307
of which Remuneration and social security: +€32,082
- Other debts +€30,836
up €30,836 (+461%), from €6,694 to €37,530
- Profit (loss) carried forward +€16,646
up €16,646, from -€1,446 to €15,200
- Contributions +€5,000
up €5,000 (+333%), from €1,500 to €6,500
- Purchases and services +€427,829
up €427,829 (+97,904%), from €437 to €428,266
- Turnover +€395,599
new in 2025: €395,599
- Gross operating margin +€62,770
up €62,770, from -€437 to €62,333
- Staff costs +€32,082
new in 2025: €32,082
- Taxes +€5,425
new in 2025: €5,425
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 | €6,747 | €101,384 | +€94,637 | +1,403% |
| Fixed assets | 21/28 | €6,500 | €0 | -€6,500 | -100% |
| Financial fixed assets | 28 | €6,500 | €0 | -€6,500 | -100% |
| Current assets | 29/58 | €247 | €101,384 | +€101,137 | +40,916% |
| Stocks and contracts in progress | 3 | - | €95,000 | +€95,000 | |
| Contracts in progress | 37 | - | €95,000 | +€95,000 | |
| Amounts receivable within one year | 40/41 | €205 | €0 | -€205 | -100% |
| Other amounts receivable | 41 | €205 | €0 | -€205 | -100% |
| Cash at bank and in hand | 54/58 | €42 | €6,384 | +€6,342 | +15,039% |
| Total equity and liabilities | 10/49 | €6,747 | €101,384 | +€94,637 | +1,403% |
| Equity | 10/15 | €54 | €21,700 | +€21,646 | +40,452% |
| Contributions | 10/11 | €1,500 | €6,500 | +€5,000 | +333% |
| Capital | 10 | €1,500 | - | -€1,500 | |
| Issued capital | 100 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | -€1,446 | €15,200 | +€16,646 | |
| Amounts payable | 17/49 | €6,694 | €79,684 | +€72,991 | +1,090% |
| Amounts payable within one year | 42/48 | €6,694 | €79,684 | +€72,991 | +1,090% |
| Trade debts | 44 | - | €848 | +€848 | |
| Suppliers | 440/4 | - | €848 | +€848 | |
| Taxes, remuneration and social security | 45 | - | €41,307 | +€41,307 | |
| Taxes | 450/3 | - | €9,225 | +€9,225 | |
| Remuneration and social security | 454/9 | - | €32,082 | +€32,082 | |
| Other amounts payable | 47/48 | €6,694 | €37,530 | +€30,836 | +461% |
| Turnover | 70 | - | €395,599 | +€395,599 | |
| Goods, raw materials, services and sundry goods | 60/61 | €437 | €428,266 | +€427,829 | +97,904% |
| Remuneration, social security and pensions | 62 | - | €32,082 | +€32,082 | |
| Other operating charges | 640/8 | €62 | €0 | -€62 | -100% |
| Gross operating margin | 9900 | -€437 | €62,333 | +€62,770 | |
| Operating profit (loss) | 9901 | -€499 | €30,251 | +€30,750 | |
| Financial charges | 65/66B | €56 | €1,680 | +€1,624 | +2,916% |
| Recurring financial charges | 65 | €56 | €1,680 | +€1,624 | +2,916% |
| Profit (loss) for the period before taxes | 9903 | -€554 | €28,571 | +€29,125 | |
| Income taxes | 67/77 | - | €5,425 | +€5,425 | |
| Profit (loss) for the period | 9904 | -€554 | €23,146 | +€23,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€554 | €23,146 | +€23,700 |
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 25 October 2026 via checked.be.