RASKIN: 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.
RASKIN
Largest movements
- Current investments -€80,142
down €80,142 (-40.0%), from €200,558 to €120,416
- Tangible fixed assets -€28,562
down €28,562 (-11.2%), from €255,456 to €226,894
- Cash +€19,886
up €19,886 (+226.6%), from €8,775 to €28,660
mainly Current investments (+€80,142) and Depreciation (+€28,562)
- Receivables within one year -€18,859
down €18,859 (-21.6%), from €87,279 to €68,420
of which Other amounts receivable: -€19,198
- Stocks and contracts -€10,082
down €10,082 (-15.0%), from €67,192 to €57,110
- Profit (loss) carried forward -€94,636
down €94,636 (-55.1%), from €171,735 to €77,100
- Current portion of long-term debt -€37,640
down €37,640 (-58.8%), from €64,000 to €26,360
- Debts after one year +€12,195
up €12,195 (+34.4%), from €35,401 to €47,596
- Tax, wage and social debts +€7,294
up €7,294 (+65.3%), from €11,171 to €18,466
of which Remuneration and social security: +€3,680
- Trade debts -€6,754
down €6,754 (-77.5%), from €8,715 to €1,960
- Gross operating margin -€47,754
down €47,754 (-57.2%), from €83,514 to €35,761
- Financial charges +€30,208
up €30,208 (+753.4%), from €4,009 to €34,217
of which Financial charges: +€20,866
- Taxes +€6,719
up €6,719, from €0 to €6,719
- Other operating charges +€4,632
up €4,632 (+245.1%), from €1,890 to €6,522
- Depreciation +€4,550
up €4,550 (+18.9%), from €24,012 to €28,562
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 | €620,558 | €501,587 | -€118,971 | -19.2% |
| Fixed assets | 21/28 | €255,456 | €226,894 | -€28,562 | -11.2% |
| Tangible fixed assets | 22/27 | €255,456 | €226,894 | -€28,562 | -11.2% |
| Land and buildings | 22 | €29,747 | €29,747 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,384 | €8,488 | -€1,897 | -18.3% |
| Furniture and vehicles | 24 | €59,003 | €45,390 | -€13,613 | -23.1% |
| Other tangible fixed assets | 26 | €156,321 | €143,269 | -€13,052 | -8.3% |
| Current assets | 29/58 | €365,102 | €274,693 | -€90,409 | -24.8% |
| Stocks and contracts in progress | 3 | €67,192 | €57,110 | -€10,082 | -15.0% |
| Stocks | 30/36 | €67,192 | €57,110 | -€10,082 | -15.0% |
| Amounts receivable within one year | 40/41 | €87,279 | €68,420 | -€18,859 | -21.6% |
| Trade receivables | 40 | €0 | €339 | +€339 | +130261.5% |
| Other amounts receivable | 41 | €87,279 | €68,081 | -€19,198 | -22.0% |
| Current investments | 50/53 | €200,558 | €120,416 | -€80,142 | -40.0% |
| Cash at bank and in hand | 54/58 | €8,775 | €28,660 | +€19,886 | +226.6% |
| Deferred charges and accrued income | 490/1 | €1,300 | €87 | -€1,213 | -93.3% |
| Total equity and liabilities | 10/49 | €620,558 | €501,587 | -€118,971 | -19.2% |
| Equity | 10/15 | €501,270 | €406,635 | -€94,636 | -18.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €310,943 | €310,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €309,084 | €310,943 | +€1,859 | +0.6% |
| Profit (loss) carried forward | 14 | €171,735 | €77,100 | -€94,636 | -55.1% |
| Amounts payable | 17/49 | €119,287 | €94,952 | -€24,335 | -20.4% |
| Amounts payable after more than one year | 17 | €35,401 | €47,596 | +€12,195 | +34.4% |
| Financial debts | 170/4 | €35,401 | €47,596 | +€12,195 | +34.4% |
| Amounts payable within one year | 42/48 | €83,886 | €46,786 | -€37,100 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €64,000 | €26,360 | -€37,640 | -58.8% |
| Trade debts | 44 | €8,715 | €1,960 | -€6,754 | -77.5% |
| Suppliers | 440/4 | €8,715 | €1,960 | -€6,754 | -77.5% |
| Taxes, remuneration and social security | 45 | €11,171 | €18,466 | +€7,294 | +65.3% |
| Taxes | 450/3 | €3,424 | €7,039 | +€3,615 | +105.6% |
| Remuneration and social security | 454/9 | €7,747 | €11,427 | +€3,680 | +47.5% |
| Accrued charges and deferred income | 492/3 | €0 | €570 | +€570 | |
| Non-recurring operating income | 76A | €25,000 | €0 | -€25,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €58,607 | €60,839 | +€2,232 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,012 | €28,562 | +€4,550 | +18.9% |
| Other operating charges | 640/8 | €1,890 | €6,522 | +€4,632 | +245.1% |
| Gross operating margin | 9900 | €83,514 | €35,761 | -€47,754 | -57.2% |
| Operating profit (loss) | 9901 | -€994 | -€60,162 | -€59,168 | -5949.7% |
| Financial income | 75/76B | €5,156 | €6,462 | +€1,306 | +25.3% |
| Recurring financial income | 75 | €5,156 | €6,462 | +€1,306 | +25.3% |
| Financial charges | 65/66B | €4,009 | €34,217 | +€30,208 | +753.4% |
| Recurring financial charges | 65 | €4,009 | €24,875 | +€20,866 | +520.4% |
| Non-recurring financial charges | 66B | - | €9,341 | +€9,341 | |
| Profit (loss) for the period before taxes | 9903 | €153 | -€87,917 | -€88,069 | |
| Income taxes | 67/77 | €0 | €6,719 | +€6,719 | |
| Profit (loss) for the period | 9904 | €153 | -€94,636 | -€94,788 | |
| Profit (loss) for the period to be appropriated | 9905 | €153 | -€94,636 | -€94,788 |
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 7 October 2026 via checked.be.