RAYMAKERS: 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.
RAYMAKERS
Largest movements
- Cash +€18,673
up €18,673 (+306.2%), from €6,098 to €24,771
mainly Other debts (+€13,310) and Trade debts (+€3,813)
- Receivables within one year -€1,066
down €1,066 (-16.0%), from €6,653 to €5,587
- Deferred charges and accrued income +€906
up €906 (+515.5%), from €176 to €1,081
- Other debts +€13,310
up €13,310 (+172.1%), from €7,735 to €21,045
- Trade debts +€3,813
up €3,813 (+79.2%), from €4,812 to €8,625
- Short-term financial debts +€2,451
new in 2025: €2,451
- Tax, wage and social debts -€1,569
down €1,569 (-87.3%), from €1,798 to €229
- Gross operating margin +€25,339
up €25,339, from -€24,077 to €1,262
- Other operating charges -€305
down €305 (-29.8%), from €1,025 to €720
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 | €14,243 | €32,458 | +€18,215 | +127.9% |
| Fixed assets | 21/28 | €1,316 | €1,019 | -€297 | -22.6% |
| Intangible fixed assets | 21 | €1,316 | €1,019 | -€297 | -22.6% |
| Current assets | 29/58 | €12,927 | €31,439 | +€18,512 | +143.2% |
| Amounts receivable within one year | 40/41 | €6,653 | €5,587 | -€1,066 | -16.0% |
| Trade receivables | 40 | €6,653 | €5,587 | -€1,066 | -16.0% |
| Cash at bank and in hand | 54/58 | €6,098 | €24,771 | +€18,673 | +306.2% |
| Deferred charges and accrued income | 490/1 | €176 | €1,081 | +€906 | +515.5% |
| Total equity and liabilities | 10/49 | €14,243 | €32,458 | +€18,215 | +127.9% |
| Equity | 10/15 | -€103 | €108 | +€211 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,103 | -€24,892 | +€211 | +0.8% |
| Amounts payable | 17/49 | €14,346 | €32,350 | +€18,004 | +125.5% |
| Amounts payable within one year | 42/48 | €14,346 | €32,350 | +€18,004 | +125.5% |
| Financial debts | 43 | - | €2,451 | +€2,451 | |
| Other loans | 439 | - | €2,451 | +€2,451 | |
| Trade debts | 44 | €4,812 | €8,625 | +€3,813 | +79.2% |
| Suppliers | 440/4 | €4,812 | €8,625 | +€3,813 | +79.2% |
| Taxes, remuneration and social security | 45 | €1,798 | €229 | -€1,569 | -87.3% |
| Taxes | 450/3 | €1,798 | €229 | -€1,569 | -87.3% |
| Other amounts payable | 47/48 | €7,735 | €21,045 | +€13,310 | +172.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €297 | +€127 | +75.1% |
| Other operating charges | 640/8 | €1,025 | €720 | -€305 | -29.8% |
| Gross operating margin | 9900 | -€24,077 | €1,262 | +€25,339 | |
| Operating profit (loss) | 9901 | -€25,271 | €246 | +€25,517 | |
| Financial income | 75/76B | €168 | €74 | -€94 | -56.1% |
| Recurring financial income | 75 | €168 | €74 | -€94 | -56.1% |
| Financial charges | 65/66B | - | €109 | +€109 | |
| Recurring financial charges | 65 | - | €109 | +€109 | |
| Profit (loss) for the period before taxes | 9903 | -€25,103 | €211 | +€25,314 | |
| Profit (loss) for the period | 9904 | -€25,103 | €211 | +€25,314 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,103 | €211 | +€25,314 |
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 7 October 2026 via checked.be.