RauwTec: 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.
RauwTec
Largest movements
- Stocks and contracts -€370,122
down €370,122 (-63.8%), from €580,455 to €210,333
- Cash +€232,324
up €232,324 (+88.6%), from €262,161 to €494,485
mainly Stocks and contracts (+€370,122) and Depreciation (+€130,451)
- Tangible fixed assets +€60,174
up €60,174 (+5.1%), from €1.2m to €1.2m
of which Land and buildings: +€64,188
- Deferred charges and accrued income -€26,388
down €26,388 (-76.0%), from €34,728 to €8,340
- Short-term financial debts -€165,000
down €165,000 (-22.3%), from €740,000 to €575,000
- Debts after one year +€75,718
up €75,718 (+10.5%), from €720,746 to €796,464
- Current portion of long-term debt -€40,028
down €40,028 (-31.5%), from €127,089 to €87,061
- Gross operating margin +€293,504
up €293,504 (+194.3%), from €151,026 to €444,530
- Staff costs +€51,240
up €51,240 (+30.7%), from €166,690 to €217,930
- Financial charges +€34,299
up €34,299 (+68.2%), from €50,300 to €84,599
- Depreciation +€16,428
up €16,428 (+14.4%), from €114,023 to €130,451
- Financial income -€8,308
down €8,308 (-88.4%), from €9,402 to €1,094
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 | €2,162,699 | €2,042,244 | -€120,455 | -5.6% |
| Fixed assets | 21/28 | €1,189,218 | €1,249,392 | +€60,174 | +5.1% |
| Tangible fixed assets | 22/27 | €1,189,218 | €1,249,392 | +€60,174 | +5.1% |
| Land and buildings | 22 | €851,167 | €915,355 | +€64,188 | +7.5% |
| Plant, machinery and equipment | 23 | €114,933 | €135,785 | +€20,852 | +18.1% |
| Furniture and vehicles | 24 | €223,118 | €198,252 | -€24,866 | -11.1% |
| Current assets | 29/58 | €973,481 | €792,852 | -€180,629 | -18.6% |
| Stocks and contracts in progress | 3 | €580,455 | €210,333 | -€370,122 | -63.8% |
| Stocks | 30/36 | €580,455 | €210,333 | -€370,122 | -63.8% |
| Amounts receivable within one year | 40/41 | €96,137 | €79,694 | -€16,443 | -17.1% |
| Trade receivables | 40 | €55,862 | €70,556 | +€14,694 | +26.3% |
| Other amounts receivable | 41 | €40,275 | €9,138 | -€31,137 | -77.3% |
| Cash at bank and in hand | 54/58 | €262,161 | €494,485 | +€232,324 | +88.6% |
| Deferred charges and accrued income | 490/1 | €34,728 | €8,340 | -€26,388 | -76.0% |
| Total equity and liabilities | 10/49 | €2,162,699 | €2,042,244 | -€120,455 | -5.6% |
| Equity | 10/15 | €489,318 | €491,472 | +€2,154 | +0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €135,000 | €135,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €58,000 | €60,000 | +€2,000 | +3.4% |
| Profit (loss) carried forward | 14 | €334,318 | €336,472 | +€2,154 | +0.6% |
| Amounts payable | 17/49 | €1,673,381 | €1,550,772 | -€122,609 | -7.3% |
| Amounts payable after more than one year | 17 | €720,746 | €796,464 | +€75,718 | +10.5% |
| Financial debts | 170/4 | €720,746 | €796,464 | +€75,718 | +10.5% |
| Amounts payable within one year | 42/48 | €946,802 | €752,533 | -€194,269 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €127,089 | €87,061 | -€40,028 | -31.5% |
| Financial debts | 43 | €740,000 | €575,000 | -€165,000 | -22.3% |
| Credit institutions | 430/8 | €740,000 | €575,000 | -€165,000 | -22.3% |
| Trade debts | 44 | €42,068 | €54,768 | +€12,700 | +30.2% |
| Suppliers | 440/4 | €42,068 | €54,768 | +€12,700 | +30.2% |
| Taxes, remuneration and social security | 45 | €36,309 | €35,602 | -€707 | -1.9% |
| Taxes | 450/3 | €3,538 | €4,077 | +€539 | +15.2% |
| Remuneration and social security | 454/9 | €32,771 | €31,525 | -€1,246 | -3.8% |
| Other amounts payable | 47/48 | €1,336 | €102 | -€1,234 | -92.4% |
| Accrued charges and deferred income | 492/3 | €5,833 | €1,775 | -€4,058 | -69.6% |
| Remuneration, social security and pensions | 62 | €166,690 | €217,930 | +€51,240 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,023 | €130,451 | +€16,428 | +14.4% |
| Other operating charges | 640/8 | €2,439 | €9,627 | +€7,188 | +294.7% |
| Gross operating margin | 9900 | €151,026 | €444,530 | +€293,504 | +194.3% |
| Operating profit (loss) | 9901 | -€132,126 | €86,522 | +€218,648 | |
| Financial income | 75/76B | €9,402 | €1,094 | -€8,308 | -88.4% |
| Recurring financial income | 75 | €9,402 | €1,094 | -€8,308 | -88.4% |
| Financial charges | 65/66B | €50,300 | €84,599 | +€34,299 | +68.2% |
| Recurring financial charges | 65 | €50,300 | €84,599 | +€34,299 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | -€173,024 | €3,017 | +€176,041 | |
| Income taxes | 67/77 | €836 | €863 | +€27 | +3.2% |
| Profit (loss) for the period | 9904 | -€173,860 | €2,154 | +€176,014 | |
| Profit (loss) for the period to be appropriated | 9905 | -€173,860 | €2,154 | +€176,014 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.