RAW-PRO: 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.
RAW-PRO
Largest movements
- Cash +€34,449
up €34,449 (+31.6%), from €108,945 to €143,394
mainly Depreciation (+€34,353) and Other debts (+€25,450)
- Tangible fixed assets -€34,353
down €34,353 (-13.5%), from €253,908 to €219,556
- Debts after one year -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Other debts +€25,450
up €25,450 (+35.9%), from €70,843 to €96,293
- Profit (loss) carried forward +€20,696
up €20,696 (+4.8%), from -€431,077 to -€410,380
- Gross operating margin +€18,556
up €18,556 (+45.3%), from €40,967 to €59,523
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 | €366,228 | €367,393 | +€1,165 | +0.3% |
| Fixed assets | 21/28 | €256,126 | €221,773 | -€34,353 | -13.4% |
| Tangible fixed assets | 22/27 | €253,908 | €219,556 | -€34,353 | -13.5% |
| Plant, machinery and equipment | 23 | €253,908 | €219,556 | -€34,353 | -13.5% |
| Financial fixed assets | 28 | €2,218 | €2,218 | = | 0.0% |
| Current assets | 29/58 | €110,102 | €145,619 | +€35,518 | +32.3% |
| Amounts receivable within one year | 40/41 | €1,078 | €2,138 | +€1,060 | +98.3% |
| Other amounts receivable | 41 | €1,078 | €2,138 | +€1,060 | +98.3% |
| Cash at bank and in hand | 54/58 | €108,945 | €143,394 | +€34,449 | +31.6% |
| Deferred charges and accrued income | 490/1 | €78 | €87 | +€9 | +11.7% |
| Total equity and liabilities | 10/49 | €366,228 | €367,393 | +€1,165 | +0.3% |
| Equity | 10/15 | €250,295 | €270,991 | +€20,696 | +8.3% |
| Contributions | 10/11 | €663,399 | €663,399 | = | 0.0% |
| Reserves | 13 | €17,972 | €17,972 | = | 0.0% |
| Distributable reserves | 133 | €17,972 | €17,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€431,077 | -€410,380 | +€20,696 | +4.8% |
| Amounts payable | 17/49 | €115,933 | €96,402 | -€19,531 | -16.8% |
| Amounts payable after more than one year | 17 | €45,000 | €0 | -€45,000 | -100.0% |
| Financial debts | 170/4 | €45,000 | €0 | -€45,000 | -100.0% |
| Amounts payable within one year | 42/48 | €70,933 | €96,402 | +€25,469 | +35.9% |
| Trade debts | 44 | €90 | €109 | +€19 | +21.1% |
| Suppliers | 440/4 | €90 | €109 | +€19 | +21.1% |
| Other amounts payable | 47/48 | €70,843 | €96,293 | +€25,450 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,353 | €34,353 | = | 0.0% |
| Other operating charges | 640/8 | €4,294 | €4,420 | +€126 | +2.9% |
| Gross operating margin | 9900 | €40,967 | €59,523 | +€18,556 | +45.3% |
| Operating profit (loss) | 9901 | €2,320 | €20,750 | +€18,430 | +794.2% |
| Financial income | 75/76B | €42 | €0 | -€42 | -100.0% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -100.0% |
| Financial charges | 65/66B | €122 | €54 | -€68 | -55.7% |
| Recurring financial charges | 65 | €122 | €54 | -€68 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €2,240 | €20,696 | +€18,456 | +823.8% |
| Profit (loss) for the period | 9904 | €2,240 | €20,696 | +€18,456 | +823.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,240 | €20,696 | +€18,456 | +823.8% |
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 3 October 2026 via checked.be.