Rawijs: 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.
Rawijs
Largest movements
- Cash +€26,583
up €26,583 (+44.8%), from €59,303 to €85,887
mainly Current investments (+€20,000) and Trade debts (+€10,649)
- Current investments -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Tangible fixed assets +€9,888
up €9,888 (+89.7%), from €11,020 to €20,908
of which Furniture and vehicles: +€9,806
- Receivables within one year +€1,224
up €1,224 (+36.6%), from €3,346 to €4,571
of which Trade receivables: +€1,248
- Trade debts +€10,649
up €10,649 (+303.9%), from €3,504 to €14,152
- Tax, wage and social debts +€7,636
up €7,636 (+203.2%), from €3,758 to €11,395
of which Remuneration and social security: +€8,454
- Depreciation +€3,407
up €3,407 (+85.6%), from €3,979 to €7,386
- Gross operating margin +€2,293
up €2,293 (+45.3%), from €5,063 to €7,356
- Taxes -€237
down €237 (-64.0%), from €370 to €133
- Other operating charges +€147
up €147 (+26.7%), from €552 to €700
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 | €94,213 | €112,269 | +€18,056 | +19.2% |
| Fixed assets | 21/28 | €11,020 | €20,908 | +€9,888 | +89.7% |
| Tangible fixed assets | 22/27 | €11,020 | €20,908 | +€9,888 | +89.7% |
| Plant, machinery and equipment | 23 | €11,020 | €11,102 | +€82 | +0.7% |
| Furniture and vehicles | 24 | - | €9,806 | +€9,806 | |
| Current assets | 29/58 | €83,193 | €91,360 | +€8,167 | +9.8% |
| Amounts receivable within one year | 40/41 | €3,346 | €4,571 | +€1,224 | +36.6% |
| Trade receivables | 40 | €797 | €2,044 | +€1,248 | +156.6% |
| Other amounts receivable | 41 | €2,550 | €2,526 | -€23 | -0.9% |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €59,303 | €85,887 | +€26,583 | +44.8% |
| Deferred charges and accrued income | 490/1 | €543 | €903 | +€359 | +66.2% |
| Total equity and liabilities | 10/49 | €94,213 | €112,269 | +€18,056 | +19.2% |
| Equity | 10/15 | €85,366 | €86,244 | +€878 | +1.0% |
| Contributions | 10/11 | €71,656 | €72,523 | +€867 | +1.2% |
| Reserves | 13 | €11,384 | €11,484 | +€100 | +0.9% |
| Distributable reserves | 133 | €11,384 | €11,484 | +€100 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €498 | +€498 | |
| Investment grants | 15 | €2,326 | €1,740 | -€587 | -25.2% |
| Provisions and deferred taxes | 16 | €582 | €435 | -€147 | -25.2% |
| Deferred taxes | 168 | €582 | €435 | -€147 | -25.2% |
| Amounts payable | 17/49 | €8,265 | €25,589 | +€17,324 | +209.6% |
| Amounts payable within one year | 42/48 | €8,206 | €25,547 | +€17,341 | +211.3% |
| Trade debts | 44 | €3,504 | €14,152 | +€10,649 | +303.9% |
| Suppliers | 440/4 | €3,504 | €14,152 | +€10,649 | +303.9% |
| Taxes, remuneration and social security | 45 | €3,758 | €11,395 | +€7,636 | +203.2% |
| Taxes | 450/3 | €3,758 | €2,941 | -€817 | -21.7% |
| Remuneration and social security | 454/9 | - | €8,454 | +€8,454 | |
| Other amounts payable | 47/48 | €944 | €0 | -€944 | -100.0% |
| Accrued charges and deferred income | 492/3 | €59 | €42 | -€17 | -28.6% |
| Remuneration, social security and pensions | 62 | €146 | €212 | +€66 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,979 | €7,386 | +€3,407 | +85.6% |
| Other operating charges | 640/8 | €552 | €700 | +€147 | +26.7% |
| Gross operating margin | 9900 | €5,063 | €7,356 | +€2,293 | +45.3% |
| Operating profit (loss) | 9901 | €386 | -€942 | -€1,327 | |
| Financial income | 75/76B | €1,568 | €1,594 | +€26 | +1.7% |
| Recurring financial income | 75 | €1,568 | €1,594 | +€26 | +1.7% |
| Financial charges | 65/66B | €65 | €67 | +€2 | +3.3% |
| Recurring financial charges | 65 | €65 | €67 | +€2 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €1,888 | €585 | -€1,303 | -69.0% |
| Transfer from deferred taxes | 780 | €152 | €147 | -€5 | -3.4% |
| Income taxes | 67/77 | €370 | €133 | -€237 | -64.0% |
| Profit (loss) for the period | 9904 | €1,670 | €598 | -€1,072 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,670 | €598 | -€1,072 | -64.2% |
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.