Raster Construct: 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.
Raster Construct
Largest movements
- Tangible fixed assets -€13,377
down €13,377 (-10.4%), from €129,000 to €115,623
- Stocks and contracts +€11,796
up €11,796 (+24.6%), from €47,861 to €59,657
of which Contracts in progress: +€13,976
- Cash +€4,418
up €4,418 (+7.7%), from €57,011 to €61,429
mainly Net result for the year (+€18,846) and Depreciation (+€13,377)
- Receivables within one year +€4,188
up €4,188 (+5.8%), from €72,168 to €76,356
of which Trade receivables: +€12,188
- Reserves +€18,846
up €18,846 (+12.8%), from €147,790 to €166,636
- Tax, wage and social debts +€10,062
up €10,062 (+129%), from €7,777 to €17,838
- Debts after one year -€10,039
down €10,039 (-9.0%), from €112,161 to €102,122
- Trade debts -€4,826
down €4,826 (-28.0%), from €17,230 to €12,403
- Current portion of long-term debt -€4,555
down €4,555 (-31.2%), from €14,595 to €10,039
- Gross operating margin +€20,460
up €20,460 (+95.4%), from €21,438 to €41,899
- Depreciation -€8,842
down €8,842 (-39.8%), from €22,219 to €13,377
- Taxes +€6,443
new in 2025: €6,443
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 | €307,545 | €317,031 | +€9,486 | +3.1% |
| Fixed assets | 21/28 | €129,000 | €115,623 | -€13,377 | -10.4% |
| Tangible fixed assets | 22/27 | €129,000 | €115,623 | -€13,377 | -10.4% |
| Land and buildings | 22 | €129,000 | €115,623 | -€13,377 | -10.4% |
| Current assets | 29/58 | €178,545 | €201,408 | +€22,863 | +12.8% |
| Stocks and contracts in progress | 3 | €47,861 | €59,657 | +€11,796 | +24.6% |
| Stocks | 30/36 | €35,753 | €33,573 | -€2,180 | -6.1% |
| Contracts in progress | 37 | €12,108 | €26,084 | +€13,976 | +115% |
| Amounts receivable within one year | 40/41 | €72,168 | €76,356 | +€4,188 | +5.8% |
| Trade receivables | 40 | €64,168 | €76,356 | +€12,188 | +19.0% |
| Other amounts receivable | 41 | €8,000 | - | -€8,000 | |
| Cash at bank and in hand | 54/58 | €57,011 | €61,429 | +€4,418 | +7.7% |
| Deferred charges and accrued income | 490/1 | €1,506 | €3,967 | +€2,461 | +163% |
| Total equity and liabilities | 10/49 | €307,545 | €317,031 | +€9,486 | +3.1% |
| Equity | 10/15 | €153,990 | €172,836 | +€18,846 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €147,790 | €166,636 | +€18,846 | +12.8% |
| Distributable reserves | 133 | €147,790 | €166,636 | +€18,846 | +12.8% |
| Amounts payable | 17/49 | €153,555 | €144,196 | -€9,359 | -6.1% |
| Amounts payable after more than one year | 17 | €112,161 | €102,122 | -€10,039 | -9.0% |
| Financial debts | 170/4 | €112,161 | €102,122 | -€10,039 | -9.0% |
| Amounts payable within one year | 42/48 | €41,394 | €42,073 | +€680 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €14,595 | €10,039 | -€4,555 | -31.2% |
| Trade debts | 44 | €17,230 | €12,403 | -€4,826 | -28.0% |
| Suppliers | 440/4 | €17,230 | €12,403 | -€4,826 | -28.0% |
| Taxes, remuneration and social security | 45 | €7,777 | €17,838 | +€10,062 | +129% |
| Taxes | 450/3 | €7,777 | €17,838 | +€10,062 | +129% |
| Other amounts payable | 47/48 | €1,793 | €1,793 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,219 | €13,377 | -€8,842 | -39.8% |
| Other operating charges | 640/8 | €136 | €76 | -€60 | -44.1% |
| Gross operating margin | 9900 | €21,438 | €41,899 | +€20,460 | +95.4% |
| Operating profit (loss) | 9901 | -€916 | €28,446 | +€29,362 | |
| Financial income | 75/76B | €191 | €209 | +€18 | +9.2% |
| Recurring financial income | 75 | €191 | €209 | +€18 | +9.2% |
| Financial charges | 65/66B | €3,652 | €3,365 | -€287 | -7.8% |
| Recurring financial charges | 65 | €3,652 | €3,365 | -€287 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,377 | €25,289 | +€29,666 | |
| Income taxes | 67/77 | - | €6,443 | +€6,443 | |
| Profit (loss) for the period | 9904 | -€4,377 | €18,846 | +€23,223 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,377 | €18,846 | +€23,223 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.