rawcreations: 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.
rawcreations
Largest movements
- Tangible fixed assets -€97,345
down €97,345 (-70.2%), from €138,745 to €41,399
of which Other tangible fixed assets: -€59,900
- Stocks and contracts -€49,663
down €49,663 (-46.3%), from €107,202 to €57,539
- Cash +€42,785
up €42,785 (+56.6%), from €75,544 to €118,329
mainly Investment in fixed assets (net) (+€79,881) and Stocks and contracts (+€49,663)
- Receivables within one year -€14,329
down €14,329 (-94.8%), from €15,111 to €782
of which Other amounts receivable: -€9,577
- Debts after one year -€45,902
down €45,902 (-74.6%), from €61,540 to €15,638
- Profit (loss) carried forward -€32,831
down €32,831 (-78.0%), from -€42,098 to -€74,929
- Current portion of long-term debt -€20,588
down €20,588 (-64.9%), from €31,719 to €11,131
- Advances received -€7,496
down €7,496 (-33.2%), from €22,576 to €15,080
- Trade debts -€4,822
down €4,822 (-78.4%), from €6,150 to €1,328
- Gross operating margin +€59,478
up €59,478, from -€53,616 to €5,861
- Depreciation -€20,619
down €20,619 (-58.0%), from €35,541 to €14,922
- Other operating charges +€1,892
up €1,892 (+146.6%), from €1,290 to €3,182
- Financial charges -€1,362
down €1,362 (-22.3%), from €6,120 to €4,758
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 | €337,504 | €224,348 | -€113,156 | -33.5% |
| Fixed assets | 21/28 | €138,745 | €43,942 | -€94,803 | -68.3% |
| Tangible fixed assets | 22/27 | €138,745 | €41,399 | -€97,345 | -70.2% |
| Plant, machinery and equipment | 23 | €38,933 | €2,086 | -€36,847 | -94.6% |
| Furniture and vehicles | 24 | €39,912 | €39,314 | -€598 | -1.5% |
| Other tangible fixed assets | 26 | €59,900 | - | -€59,900 | |
| Financial fixed assets | 28 | - | €2,543 | +€2,543 | |
| Current assets | 29/58 | €198,760 | €180,406 | -€18,353 | -9.2% |
| Stocks and contracts in progress | 3 | €107,202 | €57,539 | -€49,663 | -46.3% |
| Stocks | 30/36 | €107,202 | €57,539 | -€49,663 | -46.3% |
| Amounts receivable within one year | 40/41 | €15,111 | €782 | -€14,329 | -94.8% |
| Trade receivables | 40 | €5,534 | €782 | -€4,752 | -85.9% |
| Other amounts receivable | 41 | €9,577 | - | -€9,577 | |
| Cash at bank and in hand | 54/58 | €75,544 | €118,329 | +€42,785 | +56.6% |
| Deferred charges and accrued income | 490/1 | €903 | €3,756 | +€2,853 | +316.0% |
| Total equity and liabilities | 10/49 | €337,504 | €224,348 | -€113,156 | -33.5% |
| Equity | 10/15 | €211,609 | €178,778 | -€32,831 | -15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €247,507 | €247,507 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,281 | €12,281 | = | 0.0% |
| Distributable reserves | 133 | €235,226 | €235,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,098 | -€74,929 | -€32,831 | -78.0% |
| Amounts payable | 17/49 | €125,895 | €45,570 | -€80,325 | -63.8% |
| Amounts payable after more than one year | 17 | €61,540 | €15,638 | -€45,902 | -74.6% |
| Financial debts | 170/4 | €61,540 | €15,638 | -€45,902 | -74.6% |
| Amounts payable within one year | 42/48 | €64,355 | €29,932 | -€34,423 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €31,719 | €11,131 | -€20,588 | -64.9% |
| Trade debts | 44 | €6,150 | €1,328 | -€4,822 | -78.4% |
| Suppliers | 440/4 | €6,150 | €1,328 | -€4,822 | -78.4% |
| Advances received on contracts in progress | 46 | €22,576 | €15,080 | -€7,496 | -33.2% |
| Taxes, remuneration and social security | 45 | €3,910 | €2,393 | -€1,517 | -38.8% |
| Taxes | 450/3 | €3,910 | €2,393 | -€1,517 | -38.8% |
| Non-recurring operating income | 76A | €4,675 | €42,359 | +€37,685 | +806.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,541 | €14,922 | -€20,619 | -58.0% |
| Other operating charges | 640/8 | €1,290 | €3,182 | +€1,892 | +146.6% |
| Non-recurring operating charges | 66A | - | €15,587 | +€15,587 | |
| Gross operating margin | 9900 | -€53,616 | €5,861 | +€59,478 | |
| Operating profit (loss) | 9901 | -€90,448 | -€27,830 | +€62,618 | +69.2% |
| Financial income | 75/76B | €299 | €128 | -€171 | -57.1% |
| Recurring financial income | 75 | €299 | €128 | -€171 | -57.1% |
| Financial charges | 65/66B | €6,120 | €4,758 | -€1,362 | -22.3% |
| Recurring financial charges | 65 | €6,120 | €4,758 | -€1,362 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€96,269 | -€32,459 | +€63,810 | +66.3% |
| Income taxes | 67/77 | €411 | €372 | -€39 | -9.4% |
| Profit (loss) for the period | 9904 | -€96,680 | -€32,831 | +€63,848 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,680 | -€32,831 | +€63,848 | +66.0% |
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.