RAWLINGS GILES BRUSSELS: what changed
RAWLINGS GILES BRUSSELS
Largest movements
- Receivables within one year +€36,205
up €36,205 (+60.4%), from €59,900 to €96,105
of which Trade receivables: +€36,472
- Cash +€6,385
up €6,385 (+320%), from €1,998 to €8,382
mainly Tax, wage and social debts (+€28,082) and Net result for the year (+€22,564)
- Tangible fixed assets -€1,467
down €1,467 (-15.3%), from €9,571 to €8,103
of which Other tangible fixed assets: -€861
- Tax, wage and social debts +€28,082
up €28,082 (+331%), from €8,485 to €36,568
of which Remuneration and social security: +€14,095
- Profit (loss) carried forward +€22,564
up €22,564 (+94.5%), from -€23,888 to -€1,325
- Trade debts -€17,791
down €17,791 (-31.1%), from €57,284 to €39,492
- Accrued charges and deferred income +€9,222
up €9,222 (+30,719%), from €30 to €9,252
- Gross operating margin +€33,612
up €33,612 (+44.6%), from €75,425 to €109,037
- Staff costs +€22,502
up €22,502 (+43.2%), from €52,075 to €74,577
- Taxes +€5,226
new in 2025: €5,226
- Write-downs +€1,444
up €1,444, from €0 to €1,444
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,050 | €119,077 | +€41,027 | +52.6% |
| Fixed assets | 21/28 | €11,726 | €10,489 | -€1,237 | -10.5% |
| Intangible fixed assets | 21 | €2,155 | €1,456 | -€699 | -32.4% |
| Tangible fixed assets | 22/27 | €9,571 | €8,103 | -€1,467 | -15.3% |
| Furniture and vehicles | 24 | €3,332 | €2,726 | -€607 | -18.2% |
| Other tangible fixed assets | 26 | €6,238 | €5,377 | -€861 | -13.8% |
| Financial fixed assets | 28 | - | €930 | +€930 | |
| Current assets | 29/58 | €66,325 | €108,588 | +€42,263 | +63.7% |
| Amounts receivable within one year | 40/41 | €59,900 | €96,105 | +€36,205 | +60.4% |
| Trade receivables | 40 | €54,875 | €91,347 | +€36,472 | +66.5% |
| Other amounts receivable | 41 | €5,025 | €4,758 | -€267 | -5.3% |
| Cash at bank and in hand | 54/58 | €1,998 | €8,382 | +€6,385 | +320% |
| Deferred charges and accrued income | 490/1 | €4,427 | €4,101 | -€326 | -7.4% |
| Total equity and liabilities | 10/49 | €78,050 | €119,077 | +€41,027 | +52.6% |
| Equity | 10/15 | -€5,288 | €17,275 | +€22,564 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,888 | -€1,325 | +€22,564 | +94.5% |
| Amounts payable | 17/49 | €83,339 | €101,802 | +€18,463 | +22.2% |
| Amounts payable within one year | 42/48 | €83,309 | €92,550 | +€9,241 | +11.1% |
| Trade debts | 44 | €57,284 | €39,492 | -€17,791 | -31.1% |
| Suppliers | 440/4 | €57,284 | €39,492 | -€17,791 | -31.1% |
| Advances received on contracts in progress | 46 | €1,050 | €0 | -€1,050 | -100% |
| Taxes, remuneration and social security | 45 | €8,485 | €36,568 | +€28,082 | +331% |
| Taxes | 450/3 | €7,262 | €21,249 | +€13,988 | +193% |
| Remuneration and social security | 454/9 | €1,224 | €15,318 | +€14,095 | +1,152% |
| Other amounts payable | 47/48 | €16,490 | €16,490 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €30 | €9,252 | +€9,222 | +30,719% |
| Remuneration, social security and pensions | 62 | €52,075 | €74,577 | +€22,502 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,167 | €2,167 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,444 | +€1,444 | |
| Other operating charges | 640/8 | €507 | €29 | -€478 | -94.3% |
| Gross operating margin | 9900 | €75,425 | €109,037 | +€33,612 | +44.6% |
| Operating profit (loss) | 9901 | €20,676 | €30,820 | +€10,144 | +49.1% |
| Financial income | 75/76B | €181 | €0 | -€181 | -100% |
| Recurring financial income | 75 | €181 | €0 | -€181 | -100% |
| Financial charges | 65/66B | €2,699 | €3,030 | +€331 | +12.3% |
| Recurring financial charges | 65 | €2,699 | €3,030 | +€331 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €18,158 | €27,790 | +€9,632 | +53.0% |
| Income taxes | 67/77 | - | €5,226 | +€5,226 | |
| Profit (loss) for the period | 9904 | €18,158 | €22,564 | +€4,406 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,158 | €22,564 | +€4,406 | +24.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.