RAS.pro: 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.
What changed
RAS.pro
NACE 43.350, Other building finishing work
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€484,913
2024 · €382,632+€102,281
Equity
€500,458
2024 · €15,545+€484,913
Cash
€14,655
2024 · €3,799+€10,856
Balance sheet total
€6.1m
2024 · €1.7m+€4.4m
Largest movements
Assets
- Financial fixed assets +€3.5m
up €3.5m (+88458.8%), from €3,990 to €3.5m
of which Affiliated companies: +€3.5m
- Receivables within one year +€637,103
up €637,103 (+45.7%), from €1.4m to €2.0m
of which Trade receivables: +€627,897
- Stocks and contracts +€195,831
up €195,831 (+76.0%), from €257,756 to €453,588
of which Contracts in progress: +€206,083
Equity and liabilities
- Debts after one year +€2.6m
up €2.6m (+1199.3%), from €218,180 to €2.8m
- Short-term financial debts +€800,000
new in 2025: €800,000
- Current portion of long-term debt +€506,531
up €506,531 (+2214.5%), from €22,873 to €529,404
- Profit (loss) carried forward +€484,913
up €484,913, from -€3,055 to €481,858
- Other debts -€433,512
down €433,512 (-58.2%), from €744,586 to €311,074
Income statement
- Turnover +€4.3m
up €4.3m (+124.7%), from €3.4m to €7.7m
- Goods and materials +€3.5m
up €3.5m (+134.2%), from €2.6m to €6.1m
of which Purchases: +€3.4m
- Services and other goods +€583,726
up €583,726 (+264.7%), from €220,486 to €804,212
- Taxes +€168,858
up €168,858 (+19963.8%), from €846 to €169,704
of which Taxes: +€168,881
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.
Result 2024
€382,632
Turnover
+€4.3m
Other operating income
-€13,091
Goods and materials
-€3.5m
Services and other goods
-€583,726
Staff costs
+€24,260
Depreciation
+€9,382
Write-downs
-€21,863
Other operating charges
-€281
Other operating items
+€69,857
Financial income
+€19,556
Financial charges
+€10,609
Taxes
-€168,858
Result 2025
€484,913
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.
From operations
-€372,769
Investment
-€3.5m
Financing
+€3.9m
Cash 2024
€3,799
From operations (derived)
-€372,769
Net result for the year
+€484,913
Depreciation
+€21,050
Stocks and contracts
-€195,831
Receivables within one year
-€637,103
Trade debts
+€399,850
Tax, wage and social debts
-€11,136
Advances received
-€1,000
Other debts
-€433,512
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€3.5m
Financing
+€3.9m
Debts after one year
+€2.6m
Current portion of long-term debt
+€506,531
Short-term financial debts
+€800,000
Cash 2025
€14,655
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,731,349 | €6,093,642 | +€4.4m | +252.0% |
| Fixed assets | 21/28 | €75,896 | €3,594,399 | +€3.5m | +4636.0% |
| Intangible fixed assets | 21 | €1,065 | €298 | -€767 | -72.0% |
| Tangible fixed assets | 22/27 | €70,841 | €60,604 | -€10,237 | -14.5% |
| Plant, machinery and equipment | 23 | €8,135 | €17,660 | +€9,525 | +117.1% |
| Furniture and vehicles | 24 | - | €995 | +€995 | |
| Leasing and similar rights | 25 | €62,706 | €41,949 | -€20,757 | -33.1% |
| Financial fixed assets | 28 | €3,990 | €3,533,497 | +€3.5m | +88458.8% |
| Affiliated companies | 280/1 | - | €3,529,507 | +€3.5m | |
| Participating interests | 280 | - | €3,529,507 | +€3.5m | |
| Other financial fixed assets | 284/8 | €3,990 | €3,990 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,990 | €3,990 | = | 0.0% |
| Current assets | 29/58 | €1,655,453 | €2,499,243 | +€843,789 | +51.0% |
| Stocks and contracts in progress | 3 | €257,756 | €453,588 | +€195,831 | +76.0% |
| Stocks | 30/36 | €123,955 | €113,703 | -€10,252 | -8.3% |
| Goods purchased for resale | 34 | €123,955 | €113,703 | -€10,252 | -8.3% |
| Contracts in progress | 37 | €133,802 | €339,885 | +€206,083 | +154.0% |
| Amounts receivable within one year | 40/41 | €1,393,898 | €2,031,001 | +€637,103 | +45.7% |
| Trade receivables | 40 | €1,263,148 | €1,891,045 | +€627,897 | +49.7% |
| Other amounts receivable | 41 | €130,750 | €139,956 | +€9,206 | +7.0% |
| Cash at bank and in hand | 54/58 | €3,799 | €14,655 | +€10,856 | +285.8% |
| Total equity and liabilities | 10/49 | €1,731,349 | €6,093,642 | +€4.4m | +252.0% |
| Equity | 10/15 | €15,545 | €500,458 | +€484,913 | +3119.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,055 | €481,858 | +€484,913 | |
| Amounts payable | 17/49 | €1,715,804 | €5,593,184 | +€3.9m | +226.0% |
| Amounts payable after more than one year | 17 | €218,180 | €2,834,827 | +€2.6m | +1199.3% |
| Financial debts | 170/4 | €218,180 | €2,834,827 | +€2.6m | +1199.3% |
| Leasing and similar obligations | 172 | €37,924 | €24,813 | -€13,111 | -34.6% |
| Credit institutions | 173 | - | €2,117,685 | +€2.1m | |
| Other loans | 174 | €180,256 | €692,329 | +€512,073 | +284.1% |
| Amounts payable within one year | 42/48 | €1,497,624 | €2,758,357 | +€1.3m | +84.2% |
| Current portion of amounts payable after more than one year | 42 | €22,873 | €529,404 | +€506,531 | +2214.5% |
| Financial debts | 43 | - | €800,000 | +€800,000 | |
| Credit institutions | 430/8 | - | €800,000 | +€800,000 | |
| Trade debts | 44 | €670,383 | €1,070,233 | +€399,850 | +59.6% |
| Suppliers | 440/4 | €670,383 | €1,070,233 | +€399,850 | +59.6% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €58,781 | €47,645 | -€11,136 | -18.9% |
| Taxes | 450/3 | €19,762 | €11,901 | -€7,861 | -39.8% |
| Remuneration and social security | 454/9 | €39,020 | €35,745 | -€3,275 | -8.4% |
| Other amounts payable | 47/48 | €744,586 | €311,074 | -€433,512 | -58.2% |
| Operating income | 70/76A | €3,590,489 | €7,920,843 | +€4.3m | +120.6% |
| Turnover | 70 | €3,426,010 | €7,699,597 | +€4.3m | +124.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €135,686 | €206,083 | +€70,397 | +51.9% |
| Other operating income | 74 | €28,254 | €15,163 | -€13,091 | -46.3% |
| Non-recurring operating income | 76A | €540 | - | -€540 | |
| Operating charges | 60/66A | €3,191,661 | €7,281,040 | +€4.1m | +128.1% |
| Goods for resale, raw materials and consumables | 60 | €2,621,383 | €6,138,535 | +€3.5m | +134.2% |
| Purchases | 600/8 | €2,696,707 | €6,128,283 | +€3.4m | +127.3% |
| Change in stocks: decrease (increase) | 609 | -€75,324 | €10,252 | +€85,576 | |
| Services and other goods | 61 | €220,486 | €804,212 | +€583,726 | +264.7% |
| Remuneration, social security and pensions | 62 | €325,901 | €301,642 | -€24,260 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,432 | €21,050 | -€9,382 | -30.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,377 | €13,486 | +€21,863 | |
| Other operating charges | 640/8 | €1,835 | €2,116 | +€281 | +15.3% |
| Operating profit (loss) | 9901 | €398,829 | €639,803 | +€240,974 | +60.4% |
| Financial income | 75/76B | €28,378 | €47,934 | +€19,556 | +68.9% |
| Recurring financial income | 75 | €28,378 | €47,934 | +€19,556 | +68.9% |
| Income from current assets | 751 | €1,467 | - | -€1,467 | |
| Other financial income | 752/9 | €26,911 | €47,934 | +€21,023 | +78.1% |
| Financial charges | 65/66B | €43,729 | €33,120 | -€10,609 | -24.3% |
| Recurring financial charges | 65 | €43,729 | €33,120 | -€10,609 | -24.3% |
| Debt charges | 650 | €28,341 | €12,850 | -€15,492 | -54.7% |
| Other financial charges | 652/9 | €15,387 | €20,270 | +€4,883 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €383,478 | €654,617 | +€271,139 | +70.7% |
| Income taxes | 67/77 | €846 | €169,704 | +€168,858 | +19963.8% |
| Taxes | 670/3 | €846 | €169,727 | +€168,881 | +19966.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €23 | +€23 | |
| Profit (loss) for the period | 9904 | €382,632 | €484,913 | +€102,281 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €382,632 | €484,913 | +€102,281 | +26.7% |
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 10 October 2026 via checked.be.