RASPOET: 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.
RASPOET
Largest movements
- Receivables within one year -€16,153
down €16,153 (-70.8%), from €22,806 to €6,653
of which Trade receivables: -€15,883
- Cash -€3,089
down €3,089 (-90.3%), from €3,419 to €330
mainly Net result for the year (-€18,999) and Trade debts (-€6,710)
- Deferred charges and accrued income -€1,114
down €1,114 (-66.7%), from €1,669 to €555
- Profit (loss) carried forward -€18,999
down €18,999 (-57.3%), from -€33,183 to -€52,182
- Trade debts -€6,710
down €6,710 (-58.8%), from €11,411 to €4,702
- Short-term financial debts +€5,698
up €5,698 (+31.4%), from €18,168 to €23,866
- Other operating charges -€6,662
down €6,662 (-97.0%), from €6,871 to €209
- Gross operating margin +€2,736
up €2,736 (+21.5%), from -€12,719 to -€9,983
- Write-downs -€1,654
down €1,654 (-18.9%), from €8,760 to €7,106
- Depreciation -€840
down €840 (-78.7%), from €1,067 to €227
- Financial charges +€273
up €273 (+22.7%), from €1,201 to €1,474
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 | €62,725 | €42,143 | -€20,582 | -32.8% |
| Fixed assets | 21/28 | €18,227 | €18,000 | -€227 | -1.2% |
| Tangible fixed assets | 22/27 | €18,227 | €18,000 | -€227 | -1.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €18,227 | €18,000 | -€227 | -1.2% |
| Current assets | 29/58 | €44,498 | €24,143 | -€20,355 | -45.7% |
| Stocks and contracts in progress | 3 | €16,605 | €16,605 | = | 0.0% |
| Stocks | 30/36 | €16,605 | €16,605 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,806 | €6,653 | -€16,153 | -70.8% |
| Trade receivables | 40 | €22,484 | €6,602 | -€15,883 | -70.6% |
| Other amounts receivable | 41 | €321 | €51 | -€270 | -84.0% |
| Cash at bank and in hand | 54/58 | €3,419 | €330 | -€3,089 | -90.3% |
| Deferred charges and accrued income | 490/1 | €1,669 | €555 | -€1,114 | -66.7% |
| Total equity and liabilities | 10/49 | €62,725 | €42,143 | -€20,582 | -32.8% |
| Equity | 10/15 | €31,385 | €12,386 | -€18,999 | -60.5% |
| Contributions | 10/11 | €12,100 | €12,100 | = | 0.0% |
| Reserves | 13 | €52,468 | €52,468 | = | 0.0% |
| Distributable reserves | 133 | €52,468 | €52,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,183 | -€52,182 | -€18,999 | -57.3% |
| Amounts payable | 17/49 | €31,340 | €29,757 | -€1,583 | -5.1% |
| Amounts payable within one year | 42/48 | €31,106 | €29,757 | -€1,349 | -4.3% |
| Financial debts | 43 | €18,168 | €23,866 | +€5,698 | +31.4% |
| Credit institutions | 430/8 | €18,168 | €23,866 | +€5,698 | +31.4% |
| Trade debts | 44 | €11,411 | €4,702 | -€6,710 | -58.8% |
| Suppliers | 440/4 | €11,411 | €4,702 | -€6,710 | -58.8% |
| Taxes, remuneration and social security | 45 | €205 | €0 | -€205 | -100.0% |
| Taxes | 450/3 | €205 | €0 | -€205 | -100.0% |
| Other amounts payable | 47/48 | €1,322 | €1,189 | -€133 | -10.1% |
| Accrued charges and deferred income | 492/3 | €234 | €0 | -€234 | -100.0% |
| Non-recurring operating income | 76A | - | €4,132 | +€4,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,067 | €227 | -€840 | -78.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,760 | €7,106 | -€1,654 | -18.9% |
| Other operating charges | 640/8 | €6,871 | €209 | -€6,662 | -97.0% |
| Gross operating margin | 9900 | -€12,719 | -€9,983 | +€2,736 | +21.5% |
| Operating profit (loss) | 9901 | -€29,417 | -€17,524 | +€11,893 | +40.4% |
| Financial charges | 65/66B | €1,201 | €1,474 | +€273 | +22.7% |
| Recurring financial charges | 65 | €1,201 | €1,474 | +€273 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€30,618 | -€18,999 | +€11,620 | +38.0% |
| Profit (loss) for the period | 9904 | -€30,618 | -€18,999 | +€11,620 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,618 | -€18,999 | +€11,620 | +38.0% |
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.