RAZA RETOUCHES: what changed
Two financial 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.
RAZA RETOUCHES
Largest movements
- Receivables within one year +€5,332
up €5,332 (+65.3%), from €8,164 to €13,496
- Stocks and contracts +€1,000
new in 2025: €1,000
- Cash +€246
up €246 (+11.8%), from €2,082 to €2,328
mainly Net result for the year (+€6,318) and Tax, wage and social debts (+€260)
- Profit (loss) carried forward +€6,318
up €6,318 (+121%), from €5,236 to €11,554
- Tax, wage and social debts +€260
up €260 (+5.2%), from €5,011 to €5,270
- Gross operating margin -€943
down €943 (-12.7%), from €7,414 to €6,471
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.
Derived cash bridge
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 | €10,247 | €16,824 | +€6,577 | +64.2% |
| Current assets | 29/58 | €10,247 | €16,824 | +€6,577 | +64.2% |
| Stocks and contracts in progress | 3 | - | €1,000 | +€1,000 | |
| Stocks | 30/36 | - | €1,000 | +€1,000 | |
| Amounts receivable within one year | 40/41 | €8,164 | €13,496 | +€5,332 | +65.3% |
| Other amounts receivable | 41 | €8,164 | €13,496 | +€5,332 | +65.3% |
| Cash at bank and in hand | 54/58 | €2,082 | €2,328 | +€246 | +11.8% |
| Total equity and liabilities | 10/49 | €10,247 | €16,824 | +€6,577 | +64.2% |
| Equity | 10/15 | €5,236 | €11,554 | +€6,318 | +121% |
| Profit (loss) carried forward | 14 | €5,236 | €11,554 | +€6,318 | +121% |
| Amounts payable | 17/49 | €5,011 | €5,270 | +€260 | +5.2% |
| Amounts payable within one year | 42/48 | €5,011 | €5,270 | +€260 | +5.2% |
| Taxes, remuneration and social security | 45 | €5,011 | €5,270 | +€260 | +5.2% |
| Taxes | 450/3 | €5,011 | €5,270 | +€260 | +5.2% |
| Gross operating margin | 9900 | €7,414 | €6,471 | -€943 | -12.7% |
| Operating profit (loss) | 9901 | €7,414 | €6,471 | -€943 | -12.7% |
| Financial charges | 65/66B | €153 | €153 | -€0 | -0.1% |
| Recurring financial charges | 65 | €153 | €153 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €7,261 | €6,318 | -€943 | -13.0% |
| Profit (loss) for the period | 9904 | €7,261 | €6,318 | -€943 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,261 | €6,318 | -€943 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.