Raymond: 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.
What changed
Raymond
NACE 56.210, Event catering
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€132,751
2024 · €137,007-€4,256
Equity
€751,526
2024 · €618,775+€132,751
Cash
€214,847
2024 · €98,580+€116,267
Balance sheet total
€825,260
2024 · €697,016+€128,244
Largest movements
Assets
- Cash +€116,267
up €116,267 (+117.9%), from €98,580 to €214,847
mainly Net result for the year (+€132,751) and Depreciation (+€15,910)
- Receivables after one year +€22,855
up €22,855 (+101.3%), from €22,552 to €45,407
Equity and liabilities
- Reserves +€132,751
up €132,751 (+28.9%), from €458,775 to €591,526
Income statement
- Gross operating margin -€24,609
down €24,609 (-8.9%), from €276,486 to €251,877
- Staff costs -€14,627
down €14,627 (-20.9%), from €69,843 to €55,216
- Other operating charges -€4,669
down €4,669 (-57.9%), from €8,068 to €3,400
- Financial income +€4,415
up €4,415 (+291.2%), from €1,516 to €5,932
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.
Result 2024
€137,007
Gross operating margin
-€24,609
Staff costs
+€14,627
Depreciation
-€1,447
Other operating charges
+€4,669
Financial income
+€4,415
Financial charges
-€2,192
Taxes
+€282
Result 2025
€132,751
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.
From operations
+€126,732
Investment
-€10,465
Financing
€0
Cash 2024
€98,580
From operations (derived)
+€126,732
Net result for the year
+€132,751
Depreciation
+€15,910
Receivables after one year
-€22,855
Stocks and contracts
-€2,250
Receivables within one year
+€8,151
Deferred charges and accrued income
-€468
Trade debts
-€367
Tax, wage and social debts
+€1,838
Other debts
-€6,000
Accrued charges and deferred income
+€22
Investment (derived)
-€10,465
Investment in fixed assets (net)
-€10,465
Cash 2025
€214,847
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €697,016 | €825,260 | +€128,244 | +18.4% |
| Fixed assets | 21/28 | €60,013 | €54,568 | -€5,445 | -9.1% |
| Tangible fixed assets | 22/27 | €59,683 | €54,238 | -€5,445 | -9.1% |
| Plant, machinery and equipment | 23 | €3,795 | €8,396 | +€4,601 | +121.2% |
| Furniture and vehicles | 24 | €9,694 | €8,083 | -€1,611 | -16.6% |
| Other tangible fixed assets | 26 | €46,193 | €37,760 | -€8,434 | -18.3% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €637,003 | €770,692 | +€133,689 | +21.0% |
| Amounts receivable after more than one year | 29 | €22,552 | €45,407 | +€22,855 | +101.3% |
| Other amounts receivable | 291 | €22,552 | €45,407 | +€22,855 | +101.3% |
| Stocks and contracts in progress | 3 | €3,983 | €6,233 | +€2,250 | +56.5% |
| Stocks | 30/36 | €3,983 | €6,233 | +€2,250 | +56.5% |
| Amounts receivable within one year | 40/41 | €155,706 | €147,555 | -€8,151 | -5.2% |
| Trade receivables | 40 | €49,403 | €47,396 | -€2,007 | -4.1% |
| Other amounts receivable | 41 | €106,303 | €100,159 | -€6,144 | -5.8% |
| Current investments | 50/53 | €350,000 | €350,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,580 | €214,847 | +€116,267 | +117.9% |
| Deferred charges and accrued income | 490/1 | €6,182 | €6,650 | +€468 | +7.6% |
| Total equity and liabilities | 10/49 | €697,016 | €825,260 | +€128,244 | +18.4% |
| Equity | 10/15 | €618,775 | €751,526 | +€132,751 | +21.5% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €458,775 | €591,526 | +€132,751 | +28.9% |
| Distributable reserves | 133 | €458,775 | €591,526 | +€132,751 | +28.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €78,241 | €73,734 | -€4,507 | -5.8% |
| Amounts payable within one year | 42/48 | €78,241 | €73,712 | -€4,529 | -5.8% |
| Trade debts | 44 | €57,397 | €57,030 | -€367 | -0.6% |
| Suppliers | 440/4 | €57,397 | €57,030 | -€367 | -0.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,913 | €15,751 | +€1,838 | +13.2% |
| Taxes | 450/3 | €8,371 | €9,953 | +€1,582 | +18.9% |
| Remuneration and social security | 454/9 | €5,541 | €5,798 | +€256 | +4.6% |
| Other amounts payable | 47/48 | €6,932 | €932 | -€6,000 | -86.6% |
| Accrued charges and deferred income | 492/3 | €0 | €22 | +€22 | |
| Remuneration, social security and pensions | 62 | €69,843 | €55,216 | -€14,627 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,463 | €15,910 | +€1,447 | +10.0% |
| Other operating charges | 640/8 | €8,068 | €3,400 | -€4,669 | -57.9% |
| Gross operating margin | 9900 | €276,486 | €251,877 | -€24,609 | -8.9% |
| Operating profit (loss) | 9901 | €184,111 | €177,351 | -€6,760 | -3.7% |
| Financial income | 75/76B | €1,516 | €5,932 | +€4,415 | +291.2% |
| Recurring financial income | 75 | €1,516 | €5,932 | +€4,415 | +291.2% |
| Financial charges | 65/66B | €1,801 | €3,993 | +€2,192 | +121.7% |
| Recurring financial charges | 65 | €1,801 | €3,993 | +€2,192 | +121.7% |
| Profit (loss) for the period before taxes | 9903 | €183,827 | €179,289 | -€4,537 | -2.5% |
| Income taxes | 67/77 | €46,820 | €46,539 | -€282 | -0.6% |
| Profit (loss) for the period | 9904 | €137,007 | €132,751 | -€4,256 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €137,007 | €132,751 | -€4,256 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.