RASEC BL: 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.
What changed
RASEC BL
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€144,322
2024 · €174,753-€319,075
Equity
€522,475
2024 · €666,797-€144,322
Cash
€120,981
2024 · €437,656-€316,675
Balance sheet total
€773,012
2024 · €1.0m-€230,158
Largest movements
Assets
- Cash -€316,675
down €316,675 (-72.4%), from €437,656 to €120,981
mainly Net result for the year (-€144,322) and Receivables within one year (-€127,499)
- Receivables within one year +€127,499
up €127,499 (+29.7%), from €429,506 to €557,005
of which Trade receivables: +€102,710
- Tangible fixed assets -€23,543
down €23,543 (-45.2%), from €52,049 to €28,506
of which Leasing and similar rights: -€16,858
- Stocks and contracts -€16,549
down €16,549 (-25.5%), from €64,873 to €48,324
Equity and liabilities
- Profit (loss) carried forward -€144,322
down €144,322 (-26.1%), from €553,817 to €409,495
- Trade debts -€29,495
down €29,495 (-15.8%), from €187,032 to €157,537
- Current portion of long-term debt -€24,098
down €24,098 (-67.0%), from €35,982 to €11,885
- Debts after one year -€12,925
down €12,925 (-42.9%), from €30,103 to €17,178
Income statement
- Turnover -€2.3m
no longer reported in 2025 (was €2.3m)
- Goods and materials -€1.1m
no longer reported in 2025 (was €1.1m)
of which Purchases: -€1.1m
- Services and other goods -€482,799
no longer reported in 2025 (was €482,799)
- Gross operating margin +€263,462
new in 2025: €263,462
- Taxes -€64,921
down €64,921 (-99.3%), from €65,360 to €439
of which Taxes: -€100,000
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
€174,753
Turnover
-€2.3m
Other operating income
-€14,961
Goods and materials
+€1.1m
Services and other goods
+€482,799
Staff costs
+€38,446
Depreciation
+€9,370
Provisions
+€4,527
Other operating charges
+€1,193
Other operating items
+€272,222
Financial income
+€6
Financial charges
-€539
Taxes
+€64,921
Result 2025
-€144,322
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
-€277,171
Investment
-€2,482
Financing
-€37,022
Cash 2024
€437,656
From operations (derived)
-€277,171
Net result for the year
-€144,322
Depreciation
+€26,025
Stocks and contracts
+€16,549
Receivables within one year
-€127,499
Deferred charges and accrued income
+€890
Provisions
-€4,527
Trade debts
-€29,495
Tax, wage and social debts
-€7,354
Accrued charges and deferred income
-€7,438
Investment (derived)
-€2,482
Investment in fixed assets (net)
-€2,482
Financing
-€37,022
Debts after one year
-€12,925
Current portion of long-term debt
-€24,098
Cash 2025
€120,981
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,003,170 | €773,012 | -€230,158 | -22.9% |
| Fixed assets | 21/28 | €59,810 | €36,267 | -€23,543 | -39.4% |
| Tangible fixed assets | 22/27 | €52,049 | €28,506 | -€23,543 | -45.2% |
| Furniture and vehicles | 24 | €13,515 | €7,146 | -€6,369 | -47.1% |
| Leasing and similar rights | 25 | €38,218 | €21,359 | -€16,858 | -44.1% |
| Other tangible fixed assets | 26 | €316 | - | -€316 | |
| Financial fixed assets | 28 | €7,762 | €7,762 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,762 | - | -€7,762 | |
| Amounts receivable and cash guarantees | 285/8 | €7,762 | - | -€7,762 | |
| Current assets | 29/58 | €943,360 | €736,745 | -€206,615 | -21.9% |
| Stocks and contracts in progress | 3 | €64,873 | €48,324 | -€16,549 | -25.5% |
| Stocks | 30/36 | €64,873 | €48,324 | -€16,549 | -25.5% |
| Goods purchased for resale | 34 | €64,873 | - | -€64,873 | |
| Amounts receivable within one year | 40/41 | €429,506 | €557,005 | +€127,499 | +29.7% |
| Trade receivables | 40 | €394,866 | €497,576 | +€102,710 | +26.0% |
| Other amounts receivable | 41 | €34,640 | €59,429 | +€24,789 | +71.6% |
| Cash at bank and in hand | 54/58 | €437,656 | €120,981 | -€316,675 | -72.4% |
| Deferred charges and accrued income | 490/1 | €11,324 | €10,435 | -€890 | -7.9% |
| Total equity and liabilities | 10/49 | €1,003,170 | €773,012 | -€230,158 | -22.9% |
| Equity | 10/15 | €666,797 | €522,475 | -€144,322 | -21.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €12,980 | €12,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,980 | €12,980 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,980 | €12,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | €553,817 | €409,495 | -€144,322 | -26.1% |
| Provisions and deferred taxes | 16 | €23,627 | €19,101 | -€4,527 | -19.2% |
| Provisions for liabilities and charges | 160/5 | €23,627 | €19,101 | -€4,527 | -19.2% |
| Other liabilities and charges | 164/5 | €23,627 | €19,101 | -€4,527 | -19.2% |
| Amounts payable | 17/49 | €312,745 | €231,436 | -€81,310 | -26.0% |
| Amounts payable after more than one year | 17 | €30,103 | €17,178 | -€12,925 | -42.9% |
| Financial debts | 170/4 | €30,103 | €17,178 | -€12,925 | -42.9% |
| Leasing and similar obligations | 172 | €30,103 | - | -€30,103 | |
| Amounts payable within one year | 42/48 | €275,205 | €214,258 | -€60,947 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €35,982 | €11,885 | -€24,098 | -67.0% |
| Trade debts | 44 | €187,032 | €157,537 | -€29,495 | -15.8% |
| Suppliers | 440/4 | €187,032 | €157,537 | -€29,495 | -15.8% |
| Taxes, remuneration and social security | 45 | €52,190 | €44,836 | -€7,354 | -14.1% |
| Taxes | 450/3 | €9,617 | €19,791 | +€10,174 | +105.8% |
| Remuneration and social security | 454/9 | €42,574 | €25,045 | -€17,528 | -41.2% |
| Accrued charges and deferred income | 492/3 | €7,438 | - | -€7,438 | |
| Operating income | 70/76A | €2,323,902 | - | -€2.3m | |
| Turnover | 70 | €2,308,941 | - | -€2.3m | |
| Other operating income | 74 | €14,961 | - | -€14,961 | |
| Non-recurring operating income | 76A | - | €10,459 | +€10,459 | |
| Operating charges | 60/66A | €2,079,232 | - | -€2.1m | |
| Goods for resale, raw materials and consumables | 60 | €1,131,882 | - | -€1.1m | |
| Purchases | 600/8 | €1,114,468 | - | -€1.1m | |
| Change in stocks: decrease (increase) | 609 | €17,414 | - | -€17,414 | |
| Services and other goods | 61 | €482,799 | - | -€482,799 | |
| Remuneration, social security and pensions | 62 | €407,330 | €368,884 | -€38,446 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,395 | €26,025 | -€9,370 | -26.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€4,527 | -€4,527 | |
| Other operating charges | 640/8 | €13,066 | €11,873 | -€1,193 | -9.1% |
| Non-recurring operating charges | 66A | €8,760 | - | -€8,760 | |
| Gross operating margin | 9900 | - | €263,462 | +€263,462 | |
| Operating profit (loss) | 9901 | €244,670 | -€138,794 | -€383,464 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €4,557 | €5,096 | +€539 | +11.8% |
| Recurring financial charges | 65 | €4,557 | €5,096 | +€539 | +11.8% |
| Debt charges | 650 | €785 | - | -€785 | |
| Other financial charges | 652/9 | €3,772 | - | -€3,772 | |
| Profit (loss) for the period before taxes | 9903 | €240,113 | -€143,883 | -€383,997 | |
| Income taxes | 67/77 | €65,360 | €439 | -€64,921 | -99.3% |
| Taxes | 670/3 | €100,000 | - | -€100,000 | |
| Tax adjustments and reversals of tax provisions | 77 | €34,640 | - | -€34,640 | |
| Profit (loss) for the period | 9904 | €174,753 | -€144,322 | -€319,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €174,753 | -€144,322 | -€319,075 |
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 6 October 2026 via checked.be.