RAUCO: 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.
RAUCO
Largest movements
- Tangible fixed assets -€50,633
down €50,633 (-8.8%), from €575,708 to €525,075
of which Land and buildings: -€25,445
- Receivables within one year -€32,876
down €32,876 (-23.7%), from €138,772 to €105,896
of which Trade receivables: -€43,634
- Receivables after one year -€17,000
down €17,000 (-10.6%), from €160,000 to €143,000
- Other debts -€155,255
no longer reported in 2025 (was €155,255)
- Reserves +€144,974
up €144,974 (+30.8%), from €470,888 to €615,862
- Trade debts -€52,960
down €52,960 (-97.0%), from €54,611 to €1,651
- Debts after one year -€26,551
down €26,551 (-21.1%), from €125,934 to €99,383
- Current portion of long-term debt -€12,294
down €12,294 (-22.4%), from €54,794 to €42,500
- Gross operating margin +€50,122
up €50,122 (+18.9%), from €264,644 to €314,766
- Depreciation +€18,147
up €18,147 (+22.2%), from €81,632 to €99,779
- Taxes +€7,755
up €7,755 (+12.7%), from €61,223 to €68,978
- Other operating charges -€6,155
down €6,155 (-52.9%), from €11,628 to €5,474
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.
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 | €893,699 | €791,836 | -€101,863 | -11.4% |
| Fixed assets | 21/28 | €575,708 | €525,075 | -€50,633 | -8.8% |
| Tangible fixed assets | 22/27 | €575,708 | €525,075 | -€50,633 | -8.8% |
| Land and buildings | 22 | €403,370 | €377,924 | -€25,445 | -6.3% |
| Plant, machinery and equipment | 23 | €68,302 | €52,668 | -€15,634 | -22.9% |
| Furniture and vehicles | 24 | €104,037 | €94,483 | -€9,554 | -9.2% |
| Current assets | 29/58 | €317,991 | €266,761 | -€51,230 | -16.1% |
| Amounts receivable after more than one year | 29 | €160,000 | €143,000 | -€17,000 | -10.6% |
| Trade receivables | 290 | €160,000 | €143,000 | -€17,000 | -10.6% |
| Amounts receivable within one year | 40/41 | €138,772 | €105,896 | -€32,876 | -23.7% |
| Trade receivables | 40 | €71,585 | €27,951 | -€43,634 | -61.0% |
| Other amounts receivable | 41 | €67,187 | €77,945 | +€10,757 | +16.0% |
| Cash at bank and in hand | 54/58 | €19,219 | €17,865 | -€1,354 | -7.0% |
| Total equity and liabilities | 10/49 | €893,699 | €791,836 | -€101,863 | -11.4% |
| Equity | 10/15 | €470,889 | €615,863 | +€144,974 | +30.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €470,888 | €615,862 | +€144,974 | +30.8% |
| Distributable reserves | 133 | €470,888 | €615,862 | +€144,974 | +30.8% |
| Amounts payable | 17/49 | €422,810 | €175,973 | -€246,837 | -58.4% |
| Amounts payable after more than one year | 17 | €125,934 | €99,383 | -€26,551 | -21.1% |
| Financial debts | 170/4 | €125,934 | €99,383 | -€26,551 | -21.1% |
| Amounts payable within one year | 42/48 | €296,876 | €76,591 | -€220,286 | -74.2% |
| Current portion of amounts payable after more than one year | 42 | €54,794 | €42,500 | -€12,294 | -22.4% |
| Trade debts | 44 | €54,611 | €1,651 | -€52,960 | -97.0% |
| Suppliers | 440/4 | €54,611 | €1,651 | -€52,960 | -97.0% |
| Taxes, remuneration and social security | 45 | €32,216 | €32,440 | +€224 | +0.7% |
| Taxes | 450/3 | €32,216 | €32,440 | +€224 | +0.7% |
| Other amounts payable | 47/48 | €155,255 | - | -€155,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,632 | €99,779 | +€18,147 | +22.2% |
| Other operating charges | 640/8 | €11,628 | €5,474 | -€6,155 | -52.9% |
| Gross operating margin | 9900 | €264,644 | €314,766 | +€50,122 | +18.9% |
| Operating profit (loss) | 9901 | €171,384 | €209,513 | +€38,130 | +22.2% |
| Financial income | 75/76B | €10,000 | €8,933 | -€1,067 | -10.7% |
| Recurring financial income | 75 | €10,000 | €8,933 | -€1,067 | -10.7% |
| Financial charges | 65/66B | €4,928 | €4,494 | -€434 | -8.8% |
| Recurring financial charges | 65 | €4,928 | €4,494 | -€434 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €176,455 | €213,952 | +€37,496 | +21.2% |
| Income taxes | 67/77 | €61,223 | €68,978 | +€7,755 | +12.7% |
| Profit (loss) for the period | 9904 | €115,232 | €144,974 | +€29,741 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,232 | €144,974 | +€29,741 | +25.8% |
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 18 October 2026 via checked.be.