Raymakers Steve Concept: 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 Steve Concept
Largest movements
- Cash +€86,266
up €86,266 (+62.4%), from €138,222 to €224,488
mainly Net result for the year (+€55,749) and Debts after one year (+€27,859)
- Tangible fixed assets +€40,211
up €40,211 (+173.5%), from €23,175 to €63,386
of which Furniture and vehicles: +€40,776
- Receivables within one year -€11,282
down €11,282 (-49.1%), from €22,973 to €11,691
of which Trade receivables: -€7,608
- Reserves +€55,749
up €55,749 (+42.1%), from €132,484 to €188,233
- Debts after one year +€27,859
new in 2025: €27,859
- Current portion of long-term debt +€20,311
new in 2025: €20,311
- Tax, wage and social debts +€16,687
up €16,687 (+47.2%), from €35,387 to €52,074
- Short-term financial debts -€4,051
no longer reported in 2025 (was €4,051)
- Gross operating margin -€103,910
down €103,910 (-49.5%), from €209,714 to €105,804
- Taxes -€35,514
down €35,514 (-54.3%), from €65,387 to €29,873
- Depreciation +€8,187
up €8,187 (+94.7%), from €8,650 to €16,837
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 | €185,891 | €301,645 | +€115,754 | +62.3% |
| Fixed assets | 21/28 | €23,175 | €63,386 | +€40,211 | +173.5% |
| Tangible fixed assets | 22/27 | €23,175 | €63,386 | +€40,211 | +173.5% |
| Plant, machinery and equipment | 23 | €2,486 | €1,921 | -€565 | -22.7% |
| Furniture and vehicles | 24 | €20,689 | €61,465 | +€40,776 | +197.1% |
| Current assets | 29/58 | €162,716 | €238,259 | +€75,543 | +46.4% |
| Amounts receivable within one year | 40/41 | €22,973 | €11,691 | -€11,282 | -49.1% |
| Trade receivables | 40 | €18,397 | €10,790 | -€7,608 | -41.4% |
| Other amounts receivable | 41 | €4,576 | €902 | -€3,674 | -80.3% |
| Cash at bank and in hand | 54/58 | €138,222 | €224,488 | +€86,266 | +62.4% |
| Deferred charges and accrued income | 490/1 | €1,520 | €2,079 | +€559 | +36.8% |
| Total equity and liabilities | 10/49 | €185,891 | €301,645 | +€115,754 | +62.3% |
| Equity | 10/15 | €136,984 | €192,733 | +€55,749 | +40.7% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €132,484 | €188,233 | +€55,749 | +42.1% |
| Distributable reserves | 133 | €132,484 | €188,233 | +€55,749 | +42.1% |
| Amounts payable | 17/49 | €48,907 | €108,912 | +€60,005 | +122.7% |
| Amounts payable after more than one year | 17 | - | €27,859 | +€27,859 | |
| Financial debts | 170/4 | - | €27,859 | +€27,859 | |
| Amounts payable within one year | 42/48 | €40,538 | €74,539 | +€34,002 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | - | €20,311 | +€20,311 | |
| Financial debts | 43 | €4,051 | - | -€4,051 | |
| Credit institutions | 430/8 | €4,051 | - | -€4,051 | |
| Trade debts | 44 | €1,100 | €2,154 | +€1,054 | +95.9% |
| Suppliers | 440/4 | €1,100 | €2,154 | +€1,054 | +95.9% |
| Taxes, remuneration and social security | 45 | €35,387 | €52,074 | +€16,687 | +47.2% |
| Taxes | 450/3 | €35,387 | €52,074 | +€16,687 | +47.2% |
| Accrued charges and deferred income | 492/3 | €8,369 | €6,514 | -€1,855 | -22.2% |
| Remuneration, social security and pensions | 62 | €397 | - | -€397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,650 | €16,837 | +€8,187 | +94.7% |
| Other operating charges | 640/8 | €2,515 | €1,622 | -€894 | -35.5% |
| Gross operating margin | 9900 | €209,714 | €105,804 | -€103,910 | -49.5% |
| Operating profit (loss) | 9901 | €198,153 | €87,346 | -€110,806 | -55.9% |
| Financial income | 75/76B | €30 | €0 | -€30 | -99.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -99.0% |
| Financial charges | 65/66B | €312 | €1,725 | +€1,413 | +453.2% |
| Recurring financial charges | 65 | €312 | €1,725 | +€1,413 | +453.2% |
| Profit (loss) for the period before taxes | 9903 | €197,871 | €85,622 | -€112,250 | -56.7% |
| Income taxes | 67/77 | €65,387 | €29,873 | -€35,514 | -54.3% |
| Profit (loss) for the period | 9904 | €132,484 | €55,749 | -€76,736 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €132,484 | €55,749 | -€76,736 | -57.9% |
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 6 October 2026 via checked.be.