RAWAA BIST: 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.
RAWAA BIST
Largest movements
- Tangible fixed assets +€14,554
new in 2025: €14,554
- Cash +€3,114
up €3,114 (+79.5%), from €3,918 to €7,032
mainly Net result for the year (+€19,453) and Tax, wage and social debts (+€13,678)
- Profit (loss) carried forward +€19,453
up €19,453 (+29.7%), from -€65,488 to -€46,035
- Other debts -€15,290
down €15,290 (-27.1%), from €56,420 to €41,130
- Tax, wage and social debts +€13,678
up €13,678 (+382.0%), from €3,581 to €17,259
of which Remuneration and social security: +€9,000
- Gross operating margin +€36,451
up €36,451, from -€13,660 to €22,791
- Depreciation +€3,292
new in 2025: €3,292
- Other operating charges -€590
no longer reported in 2025 (was €590)
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 | €3,918 | €21,586 | +€17,667 | +450.9% |
| Fixed assets | 21/28 | - | €14,554 | +€14,554 | |
| Tangible fixed assets | 22/27 | - | €14,554 | +€14,554 | |
| Furniture and vehicles | 24 | - | €14,554 | +€14,554 | |
| Current assets | 29/58 | €3,918 | €7,032 | +€3,114 | +79.5% |
| Cash at bank and in hand | 54/58 | €3,918 | €7,032 | +€3,114 | +79.5% |
| Total equity and liabilities | 10/49 | €3,918 | €21,586 | +€17,667 | +450.9% |
| Equity | 10/15 | -€65,487 | -€46,034 | +€19,453 | +29.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,488 | -€46,035 | +€19,453 | +29.7% |
| Amounts payable | 17/49 | €69,405 | €67,620 | -€1,786 | -2.6% |
| Amounts payable within one year | 42/48 | €69,405 | €67,620 | -€1,786 | -2.6% |
| Trade debts | 44 | €9,404 | €9,230 | -€173 | -1.8% |
| Suppliers | 440/4 | €9,404 | €9,230 | -€173 | -1.8% |
| Taxes, remuneration and social security | 45 | €3,581 | €17,259 | +€13,678 | +382.0% |
| Taxes | 450/3 | €1,231 | €5,909 | +€4,678 | +380.0% |
| Remuneration and social security | 454/9 | €2,350 | €11,350 | +€9,000 | +383.0% |
| Other amounts payable | 47/48 | €56,420 | €41,130 | -€15,290 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,292 | +€3,292 | |
| Other operating charges | 640/8 | €590 | - | -€590 | |
| Gross operating margin | 9900 | -€13,660 | €22,791 | +€36,451 | |
| Operating profit (loss) | 9901 | -€14,250 | €19,499 | +€33,749 | |
| Financial charges | 65/66B | €69 | €46 | -€23 | -33.3% |
| Recurring financial charges | 65 | €69 | €46 | -€23 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,319 | €19,453 | +€33,772 | |
| Profit (loss) for the period | 9904 | -€14,319 | €19,453 | +€33,772 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,319 | €19,453 | +€33,772 |
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.