RAUKA: 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.
RAUKA
Largest movements
- Tangible fixed assets +€83,131
up €83,131 (+37.9%), from €219,083 to €302,214
of which Furniture and vehicles: +€98,731
- Cash +€27,266
up €27,266 (+42.3%), from €64,516 to €91,782
mainly Depreciation (+€43,913) and Net result for the year (+€39,561)
- Receivables within one year -€19,064
down €19,064 (-37.1%), from €51,421 to €32,357
of which Trade receivables: -€18,949
- Profit (loss) carried forward +€31,169
up €31,169 (+31.9%), from €97,590 to €128,759
- Debts after one year +€26,068
up €26,068 (+10.5%), from €247,162 to €273,230
of which Financial debts: +€18,944
- Current portion of long-term debt +€16,667
up €16,667 (+128.2%), from €13,000 to €29,667
- Reserves +€7,530
up €7,530 (+20.0%), from €37,654 to €45,184
of which Tax-exempt reserves: +€7,530
- Gross operating margin +€17,069
up €17,069 (+18.5%), from €92,330 to €109,399
- Depreciation -€7,649
down €7,649 (-14.8%), from €51,562 to €43,913
- Taxes +€4,131
up €4,131 (+62.4%), from €6,622 to €10,753
- Other operating charges +€1,343
up €1,343 (+329.4%), from €408 to €1,750
- Staff costs -€1,204
no longer reported in 2025 (was €1,204)
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 | €465,225 | €555,413 | +€90,188 | +19.4% |
| Fixed assets | 21/28 | €219,230 | €302,361 | +€83,131 | +37.9% |
| Tangible fixed assets | 22/27 | €219,083 | €302,214 | +€83,131 | +37.9% |
| Plant, machinery and equipment | 23 | €174,468 | €158,868 | -€15,600 | -8.9% |
| Furniture and vehicles | 24 | €44,615 | €143,346 | +€98,731 | +221.3% |
| Financial fixed assets | 28 | €147 | €147 | = | 0.0% |
| Current assets | 29/58 | €245,995 | €253,052 | +€7,057 | +2.9% |
| Stocks and contracts in progress | 3 | €115,621 | €116,059 | +€438 | +0.4% |
| Stocks | 30/36 | €115,621 | €116,059 | +€438 | +0.4% |
| Amounts receivable within one year | 40/41 | €51,421 | €32,357 | -€19,064 | -37.1% |
| Trade receivables | 40 | €51,097 | €32,147 | -€18,949 | -37.1% |
| Other amounts receivable | 41 | €324 | €209 | -€115 | -35.5% |
| Cash at bank and in hand | 54/58 | €64,516 | €91,782 | +€27,266 | +42.3% |
| Deferred charges and accrued income | 490/1 | €14,437 | €12,854 | -€1,582 | -11.0% |
| Total equity and liabilities | 10/49 | €465,225 | €555,413 | +€90,188 | +19.4% |
| Equity | 10/15 | €153,835 | €192,535 | +€38,700 | +25.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €37,654 | €45,184 | +€7,530 | +20.0% |
| Tax-exempt reserves | 132 | €6,720 | €14,250 | +€7,530 | +112.1% |
| Distributable reserves | 133 | €30,934 | €30,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,590 | €128,759 | +€31,169 | +31.9% |
| Provisions and deferred taxes | 16 | €2,240 | €4,750 | +€2,510 | +112.1% |
| Deferred taxes | 168 | €2,240 | €4,750 | +€2,510 | +112.1% |
| Amounts payable | 17/49 | €309,150 | €358,128 | +€48,979 | +15.8% |
| Amounts payable after more than one year | 17 | €247,162 | €273,230 | +€26,068 | +10.5% |
| Financial debts | 170/4 | €24,500 | €43,444 | +€18,944 | +77.3% |
| Other amounts payable | 178/9 | €222,661 | €229,785 | +€7,124 | +3.2% |
| Amounts payable within one year | 42/48 | €51,732 | €74,545 | +€22,813 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €13,000 | €29,667 | +€16,667 | +128.2% |
| Trade debts | 44 | €14,029 | €15,211 | +€1,181 | +8.4% |
| Suppliers | 440/4 | €14,029 | €15,211 | +€1,181 | +8.4% |
| Taxes, remuneration and social security | 45 | €23,814 | €28,806 | +€4,993 | +21.0% |
| Taxes | 450/3 | €4,814 | €10,345 | +€5,531 | +114.9% |
| Remuneration and social security | 454/9 | €19,000 | €18,462 | -€538 | -2.8% |
| Other amounts payable | 47/48 | €889 | €861 | -€28 | -3.1% |
| Accrued charges and deferred income | 492/3 | €10,256 | €10,354 | +€98 | +1.0% |
| Remuneration, social security and pensions | 62 | €1,204 | - | -€1,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,562 | €43,913 | -€7,649 | -14.8% |
| Other operating charges | 640/8 | €408 | €1,750 | +€1,343 | +329.4% |
| Gross operating margin | 9900 | €92,330 | €109,399 | +€17,069 | +18.5% |
| Operating profit (loss) | 9901 | €39,157 | €63,736 | +€24,579 | +62.8% |
| Financial income | 75/76B | €75 | €192 | +€117 | +157.1% |
| Recurring financial income | 75 | €75 | €192 | +€117 | +157.1% |
| Financial charges | 65/66B | €10,984 | €11,103 | +€119 | +1.1% |
| Recurring financial charges | 65 | €10,984 | €11,103 | +€119 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €28,247 | €52,824 | +€24,577 | +87.0% |
| Transfer from deferred taxes | 780 | €2,008 | €589 | -€1,419 | -70.7% |
| Transfer to deferred taxes | 680 | €2,648 | €3,099 | +€451 | +17.0% |
| Income taxes | 67/77 | €6,622 | €10,753 | +€4,131 | +62.4% |
| Profit (loss) for the period | 9904 | €20,985 | €39,561 | +€18,576 | +88.5% |
| Transfer from tax-exempt reserves | 789 | €6,024 | €1,767 | -€4,257 | -70.7% |
| Transfer to tax-exempt reserves | 689 | €7,944 | €9,298 | +€1,354 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,064 | €32,030 | +€12,966 | +68.0% |
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 10 October 2026 via checked.be.