RAZY: 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.
RAZY
Largest movements
- Cash -€5,701
down €5,701 (-76.9%), from €7,413 to €1,712
- Stocks and contracts -€2,381
down €2,381 (-22.7%), from €10,502 to €8,121
- Tangible fixed assets +€1,772
up €1,772 (+228%), from €776 to €2,548
- Receivables within one year +€1,509
up €1,509 (+30.7%), from €4,907 to €6,416
- Profit (loss) carried forward -€8,918
down €8,918, from €1,173 to -€7,745
- Tax, wage and social debts +€3,514
up €3,514 (+571%), from €615 to €4,129
- Trade debts +€603
new in 2025: €603
- Purchases and services +€97,374
up €97,374 (+52.9%), from €183,990 to €281,364
- Turnover +€90,507
up €90,507 (+46.8%), from €193,481 to €283,988
- Gross operating margin -€6,858
down €6,858 (-72.3%), from €9,482 to €2,624
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,648 | €18,847 | -€4,801 | -20.3% |
| Fixed assets | 21/28 | €826 | €2,598 | +€1,772 | +215% |
| Tangible fixed assets | 22/27 | €776 | €2,548 | +€1,772 | +228% |
| Furniture and vehicles | 24 | €776 | €2,548 | +€1,772 | +228% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €22,822 | €16,249 | -€6,574 | -28.8% |
| Stocks and contracts in progress | 3 | €10,502 | €8,121 | -€2,381 | -22.7% |
| Stocks | 30/36 | €10,502 | €8,121 | -€2,381 | -22.7% |
| Amounts receivable within one year | 40/41 | €4,907 | €6,416 | +€1,509 | +30.7% |
| Other amounts receivable | 41 | €4,907 | €6,416 | +€1,509 | +30.7% |
| Cash at bank and in hand | 54/58 | €7,413 | €1,712 | -€5,701 | -76.9% |
| Total equity and liabilities | 10/49 | €23,648 | €18,847 | -€4,801 | -20.3% |
| Equity | 10/15 | €23,033 | €14,115 | -€8,918 | -38.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,173 | -€7,745 | -€8,918 | |
| Amounts payable | 17/49 | €615 | €4,732 | +€4,117 | +669% |
| Amounts payable within one year | 42/48 | €615 | €4,732 | +€4,117 | +669% |
| Trade debts | 44 | - | €603 | +€603 | |
| Suppliers | 440/4 | - | €603 | +€603 | |
| Taxes, remuneration and social security | 45 | €615 | €4,129 | +€3,514 | +571% |
| Taxes | 450/3 | €615 | €4,129 | +€3,514 | +571% |
| Turnover | 70 | €193,481 | €283,988 | +€90,507 | +46.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €183,990 | €281,364 | +€97,374 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €826 | +€160 | +24.0% |
| Other operating charges | 640/8 | €2,404 | €903 | -€1,501 | -62.4% |
| Gross operating margin | 9900 | €9,482 | €2,624 | -€6,858 | -72.3% |
| Operating profit (loss) | 9901 | €6,411 | €895 | -€5,516 | -86.0% |
| Financial charges | 65/66B | €145 | €73 | -€71 | -49.3% |
| Recurring financial charges | 65 | €78 | €60 | -€18 | -23.4% |
| Non-recurring financial charges | 66B | €66 | €13 | -€53 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €6,267 | €822 | -€5,445 | -86.9% |
| Profit (loss) for the period | 9904 | €6,267 | €822 | -€5,445 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,267 | €822 | -€5,445 | -86.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.