RAWAY SYNDIC: 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.
RAWAY SYNDIC
Largest movements
- Cash +€104,438
up €104,438 (+60.6%), from €172,477 to €276,914
mainly Net result for the year (+€159,206) and Other debts (+€35,716)
- Current investments +€50,000
up €50,000 (+13.5%), from €369,314 to €419,314
- Receivables within one year +€12,253
up €12,253 (+17.8%), from €68,956 to €81,209
of which Other amounts receivable: +€27,857
- Reserves +€113,206
up €113,206 (+21.6%), from €524,399 to €637,605
- Other debts +€35,716
up €35,716 (+55.4%), from €64,434 to €100,150
- Tax, wage and social debts +€25,085
up €25,085 (+42.8%), from €58,551 to €83,636
of which Taxes: +€21,440
- Debts after one year -€17,096
down €17,096 (-42.5%), from €40,194 to €23,098
- Gross operating margin +€65,891
up €65,891 (+23.9%), from €276,259 to €342,150
- Staff costs +€19,060
up €19,060 (+21.0%), from €90,907 to €109,966
- Taxes +€16,566
up €16,566 (+32.1%), from €51,543 to €68,110
- Financial income +€6,494
up €6,494 (+912%), from €712 to €7,206
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.
Derived cash bridge
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 | €724,209 | €883,639 | +€159,430 | +22.0% |
| Fixed assets | 21/28 | €109,637 | €101,728 | -€7,910 | -7.2% |
| Tangible fixed assets | 22/27 | €107,250 | €99,000 | -€8,250 | -7.7% |
| Land and buildings | 22 | €107,250 | €99,000 | -€8,250 | -7.7% |
| Financial fixed assets | 28 | €2,387 | €2,728 | +€340 | +14.3% |
| Current assets | 29/58 | €614,572 | €781,912 | +€167,340 | +27.2% |
| Amounts receivable within one year | 40/41 | €68,956 | €81,209 | +€12,253 | +17.8% |
| Trade receivables | 40 | €22,310 | €6,706 | -€15,604 | -69.9% |
| Other amounts receivable | 41 | €46,646 | €74,503 | +€27,857 | +59.7% |
| Current investments | 50/53 | €369,314 | €419,314 | +€50,000 | +13.5% |
| Cash at bank and in hand | 54/58 | €172,477 | €276,914 | +€104,438 | +60.6% |
| Deferred charges and accrued income | 490/1 | €3,826 | €4,475 | +€649 | +17.0% |
| Total equity and liabilities | 10/49 | €724,209 | €883,639 | +€159,430 | +22.0% |
| Equity | 10/15 | €530,597 | €643,802 | +€113,206 | +21.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €524,399 | €637,605 | +€113,206 | +21.6% |
| Distributable reserves | 133 | €524,399 | €637,605 | +€113,206 | +21.6% |
| Amounts payable | 17/49 | €193,612 | €239,837 | +€46,224 | +23.9% |
| Amounts payable after more than one year | 17 | €40,194 | €23,098 | -€17,096 | -42.5% |
| Financial debts | 170/4 | €40,194 | €23,098 | -€17,096 | -42.5% |
| Amounts payable within one year | 42/48 | €153,418 | €215,210 | +€61,791 | +40.3% |
| Financial debts | 43 | €16,903 | €17,096 | +€193 | +1.1% |
| Credit institutions | 430/8 | €16,903 | €17,096 | +€193 | +1.1% |
| Trade debts | 44 | €13,530 | €14,328 | +€798 | +5.9% |
| Suppliers | 440/4 | €13,530 | €14,328 | +€798 | +5.9% |
| Taxes, remuneration and social security | 45 | €58,551 | €83,636 | +€25,085 | +42.8% |
| Taxes | 450/3 | €52,837 | €74,277 | +€21,440 | +40.6% |
| Remuneration and social security | 454/9 | €5,714 | €9,358 | +€3,645 | +63.8% |
| Other amounts payable | 47/48 | €64,434 | €100,150 | +€35,716 | +55.4% |
| Accrued charges and deferred income | 492/3 | - | €1,529 | +€1,529 | |
| Remuneration, social security and pensions | 62 | €90,907 | €109,966 | +€19,060 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,250 | €8,250 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €50 | +€50 | |
| Other operating charges | 640/8 | €2,354 | €3,068 | +€714 | +30.3% |
| Gross operating margin | 9900 | €276,259 | €342,150 | +€65,891 | +23.9% |
| Operating profit (loss) | 9901 | €174,748 | €220,816 | +€46,068 | +26.4% |
| Financial income | 75/76B | €712 | €7,206 | +€6,494 | +912% |
| Recurring financial income | 75 | €712 | €7,206 | +€6,494 | +912% |
| Financial charges | 65/66B | €893 | €706 | -€187 | -20.9% |
| Recurring financial charges | 65 | €893 | €706 | -€187 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €174,567 | €227,315 | +€52,749 | +30.2% |
| Income taxes | 67/77 | €51,543 | €68,110 | +€16,566 | +32.1% |
| Profit (loss) for the period | 9904 | €123,023 | €159,206 | +€36,182 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,023 | €159,206 | +€36,182 | +29.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.