RAULET: 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.
RAULET
Largest movements
- Cash -€18,257
down €18,257 (-67.7%), from €26,951 to €8,694
mainly Net result for the year (-€22,340) and Tax, wage and social debts (-€5,046)
- Receivables within one year -€4,890
down €4,890 (-3.8%), from €130,023 to €125,133
of which Trade receivables: -€23,503
- Tangible fixed assets -€3,257
down €3,257 (-92.2%), from €3,534 to €277
of which Furniture and vehicles: -€2,863
- Reserves -€22,340
down €22,340 (-22.6%), from €98,783 to €76,444
- Tax, wage and social debts -€5,046
down €5,046 (-32.3%), from €15,601 to €10,554
of which Remuneration and social security: -€4,028
- Current portion of long-term debt -€3,269
no longer reported in 2025 (was €3,269)
- Trade debts +€2,276
up €2,276 (+4.2%), from €54,471 to €56,747
- Gross operating margin -€27,165
down €27,165 (-21.6%), from €125,542 to €98,377
- Depreciation -€4,774
down €4,774 (-59.4%), from €8,031 to €3,257
- Other operating charges +€3,322
up €3,322 (+191.7%), from €1,733 to €5,056
- Taxes -€3,032
no longer reported in 2025 (was €3,032)
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 | €178,324 | €149,945 | -€28,379 | -15.9% |
| Fixed assets | 21/28 | €3,534 | €277 | -€3,257 | -92.2% |
| Tangible fixed assets | 22/27 | €3,534 | €277 | -€3,257 | -92.2% |
| Plant, machinery and equipment | 23 | €671 | €277 | -€394 | -58.7% |
| Furniture and vehicles | 24 | €2,863 | - | -€2,863 | |
| Current assets | 29/58 | €174,790 | €149,668 | -€25,122 | -14.4% |
| Stocks and contracts in progress | 3 | €16,941 | €15,742 | -€1,199 | -7.1% |
| Stocks | 30/36 | €16,941 | €15,742 | -€1,199 | -7.1% |
| Amounts receivable within one year | 40/41 | €130,023 | €125,133 | -€4,890 | -3.8% |
| Trade receivables | 40 | €82,928 | €59,425 | -€23,503 | -28.3% |
| Other amounts receivable | 41 | €47,095 | €65,708 | +€18,613 | +39.5% |
| Cash at bank and in hand | 54/58 | €26,951 | €8,694 | -€18,257 | -67.7% |
| Deferred charges and accrued income | 490/1 | €875 | €99 | -€776 | -88.7% |
| Total equity and liabilities | 10/49 | €178,324 | €149,945 | -€28,379 | -15.9% |
| Equity | 10/15 | €104,983 | €82,644 | -€22,340 | -21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,783 | €76,444 | -€22,340 | -22.6% |
| Distributable reserves | 133 | €98,783 | €76,444 | -€22,340 | -22.6% |
| Amounts payable | 17/49 | €73,341 | €67,302 | -€6,039 | -8.2% |
| Amounts payable within one year | 42/48 | €73,341 | €67,302 | -€6,039 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €3,269 | - | -€3,269 | |
| Trade debts | 44 | €54,471 | €56,747 | +€2,276 | +4.2% |
| Suppliers | 440/4 | €54,471 | €56,747 | +€2,276 | +4.2% |
| Taxes, remuneration and social security | 45 | €15,601 | €10,554 | -€5,046 | -32.3% |
| Taxes | 450/3 | €9,943 | €8,925 | -€1,018 | -10.2% |
| Remuneration and social security | 454/9 | €5,658 | €1,630 | -€4,028 | -71.2% |
| Remuneration, social security and pensions | 62 | €110,188 | €111,357 | +€1,169 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,031 | €3,257 | -€4,774 | -59.4% |
| Other operating charges | 640/8 | €1,733 | €5,056 | +€3,322 | +191.7% |
| Gross operating margin | 9900 | €125,542 | €98,377 | -€27,165 | -21.6% |
| Operating profit (loss) | 9901 | €5,590 | -€21,293 | -€26,883 | |
| Financial income | 75/76B | €1 | €28 | +€26 | +2144.7% |
| Recurring financial income | 75 | €1 | €28 | +€26 | +2144.7% |
| Financial charges | 65/66B | €860 | €1,075 | +€215 | +25.0% |
| Recurring financial charges | 65 | €860 | €1,075 | +€215 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €4,731 | -€22,340 | -€27,071 | |
| Income taxes | 67/77 | €3,032 | - | -€3,032 | |
| Profit (loss) for the period | 9904 | €1,700 | -€22,340 | -€24,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,700 | -€22,340 | -€24,039 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.