RAZEST: 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.
RAZEST
Largest movements
- Receivables within one year +€11,949
up €11,949 (+124%), from €9,651 to €21,600
of which Trade receivables: +€11,585
- Cash +€1,686
up €1,686 (+213%), from €790 to €2,476
mainly Net result for the year (+€7,273) and Trade debts (+€7,157)
- Tangible fixed assets +€1,198
up €1,198 (+68.9%), from €1,738 to €2,937
- Profit (loss) carried forward +€7,273
up €7,273 (+329%), from €2,208 to €9,482
- Trade debts +€7,157
up €7,157 (+399%), from €1,796 to €8,953
- Tax, wage and social debts -€936
down €936 (-24.5%), from €3,817 to €2,882
of which Remuneration and social security: -€2,000
- Advances received +€820
new in 2025: €820
- Other debts +€518
up €518 (+38.2%), from €1,358 to €1,876
- Turnover -€118,342
no longer reported in 2025 (was €118,342)
- Purchases and services -€100,365
no longer reported in 2025 (was €100,365)
- Gross operating margin -€7,657
down €7,657 (-42.6%), from €17,976 to €10,319
- Taxes +€1,967
new in 2025: €1,967
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 | €12,179 | €27,012 | +€14,833 | +122% |
| Fixed assets | 21/28 | €1,738 | €2,937 | +€1,198 | +68.9% |
| Tangible fixed assets | 22/27 | €1,738 | €2,937 | +€1,198 | +68.9% |
| Furniture and vehicles | 24 | €1,738 | €2,937 | +€1,198 | +68.9% |
| Current assets | 29/58 | €10,441 | €24,076 | +€13,635 | +131% |
| Amounts receivable within one year | 40/41 | €9,651 | €21,600 | +€11,949 | +124% |
| Trade receivables | 40 | €5,361 | €16,946 | +€11,585 | +216% |
| Other amounts receivable | 41 | €4,290 | €4,654 | +€364 | +8.5% |
| Cash at bank and in hand | 54/58 | €790 | €2,476 | +€1,686 | +213% |
| Total equity and liabilities | 10/49 | €12,179 | €27,012 | +€14,833 | +122% |
| Equity | 10/15 | €5,208 | €12,482 | +€7,273 | +140% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,208 | €9,482 | +€7,273 | +329% |
| Amounts payable | 17/49 | €6,971 | €14,530 | +€7,560 | +108% |
| Amounts payable within one year | 42/48 | €6,971 | €14,530 | +€7,560 | +108% |
| Trade debts | 44 | €1,796 | €8,953 | +€7,157 | +399% |
| Suppliers | 440/4 | €1,796 | €8,953 | +€7,157 | +399% |
| Advances received on contracts in progress | 46 | - | €820 | +€820 | |
| Taxes, remuneration and social security | 45 | €3,817 | €2,882 | -€936 | -24.5% |
| Taxes | 450/3 | €1,817 | €2,882 | +€1,064 | +58.6% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €1,358 | €1,876 | +€518 | +38.2% |
| Turnover | 70 | €118,342 | - | -€118,342 | |
| Goods, raw materials, services and sundry goods | 60/61 | €100,365 | - | -€100,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | €893 | +€13 | +1.4% |
| Other operating charges | 640/8 | €387 | €252 | -€135 | -34.9% |
| Gross operating margin | 9900 | €17,976 | €10,319 | -€7,657 | -42.6% |
| Operating profit (loss) | 9901 | €16,709 | €9,175 | -€7,535 | -45.1% |
| Financial income | 75/76B | - | €140 | +€140 | |
| Recurring financial income | 75 | - | €140 | +€140 | |
| Financial charges | 65/66B | €80 | €75 | -€5 | -5.7% |
| Recurring financial charges | 65 | €80 | €75 | -€5 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €16,630 | €9,240 | -€7,390 | -44.4% |
| Income taxes | 67/77 | - | €1,967 | +€1,967 | |
| Profit (loss) for the period | 9904 | €16,630 | €7,273 | -€9,356 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,630 | €7,273 | -€9,356 | -56.3% |
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 15 October 2026 via checked.be.