RAUM: 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.
RAUM
Largest movements
- Tangible fixed assets -€6,164
down €6,164 (-6.1%), from €101,314 to €95,150
- Cash -€2,954
down €2,954 (-17.5%), from €16,894 to €13,940
mainly Debts after one year (-€13,076) and Tax, wage and social debts (-€692)
- Debts after one year -€13,076
down €13,076 (-17.9%), from €72,979 to €59,903
- Profit (loss) carried forward +€1,855
up €1,855, from -€1,855 to €0
- Gross operating margin -€3,309
down €3,309 (-19.4%), from €17,072 to €13,763
- Financial charges -€561
down €561 (-12.6%), from €4,445 to €3,884
- Taxes +€177
up €177 (+25.5%), from €692 to €869
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 | €125,871 | €115,154 | -€10,717 | -8.5% |
| Fixed assets | 21/28 | €101,314 | €95,150 | -€6,164 | -6.1% |
| Tangible fixed assets | 22/27 | €101,314 | €95,150 | -€6,164 | -6.1% |
| Land and buildings | 22 | €101,314 | €95,150 | -€6,164 | -6.1% |
| Current assets | 29/58 | €24,558 | €20,004 | -€4,554 | -18.5% |
| Amounts receivable after more than one year | 29 | €4,649 | €3,756 | -€893 | -19.2% |
| Other amounts receivable | 291 | €4,649 | €3,756 | -€893 | -19.2% |
| Amounts receivable within one year | 40/41 | €875 | €1,311 | +€435 | +49.7% |
| Trade receivables | 40 | - | €286 | +€286 | |
| Other amounts receivable | 41 | €875 | €1,025 | +€149 | +17.0% |
| Cash at bank and in hand | 54/58 | €16,894 | €13,940 | -€2,954 | -17.5% |
| Deferred charges and accrued income | 490/1 | €2,139 | €997 | -€1,142 | -53.4% |
| Total equity and liabilities | 10/49 | €125,871 | €115,154 | -€10,717 | -8.5% |
| Equity | 10/15 | €38,781 | €41,145 | +€2,364 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,036 | €22,545 | +€509 | +2.3% |
| Distributable reserves | 133 | €22,036 | €22,545 | +€509 | +2.3% |
| Profit (loss) carried forward | 14 | -€1,855 | €0 | +€1,855 | |
| Amounts payable | 17/49 | €87,090 | €74,009 | -€13,081 | -15.0% |
| Amounts payable after more than one year | 17 | €72,979 | €59,903 | -€13,076 | -17.9% |
| Financial debts | 170/4 | €72,979 | €59,903 | -€13,076 | -17.9% |
| Amounts payable within one year | 42/48 | €14,111 | €14,105 | -€6 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €12,485 | €13,076 | +€590 | +4.7% |
| Trade debts | 44 | €137 | €233 | +€96 | +70.2% |
| Suppliers | 440/4 | €137 | €233 | +€96 | +70.2% |
| Taxes, remuneration and social security | 45 | €692 | €0 | -€692 | -100.0% |
| Taxes | 450/3 | €692 | €0 | -€692 | -100.0% |
| Other amounts payable | 47/48 | €797 | €797 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,164 | €6,164 | -€0 | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €17,072 | €13,763 | -€3,309 | -19.4% |
| Operating profit (loss) | 9901 | €10,340 | €7,014 | -€3,326 | -32.2% |
| Financial income | 75/76B | €120 | €103 | -€17 | -14.4% |
| Recurring financial income | 75 | €120 | €103 | -€17 | -14.4% |
| Financial charges | 65/66B | €4,445 | €3,884 | -€561 | -12.6% |
| Recurring financial charges | 65 | €4,445 | €3,884 | -€561 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €6,014 | €3,232 | -€2,782 | -46.3% |
| Income taxes | 67/77 | €692 | €869 | +€177 | +25.5% |
| Profit (loss) for the period | 9904 | €5,323 | €2,364 | -€2,959 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,323 | €2,364 | -€2,959 | -55.6% |
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.