RRAK: 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.
RRAK
Largest movements
- Receivables within one year -€130,139
down €130,139 (-97.4%), from €133,552 to €3,413
of which Trade receivables: -€130,164
- Deferred charges and accrued income +€10,517
up €10,517 (+2,701%), from €389 to €10,907
- Cash -€10,473
down €10,473 (-76.8%), from €13,641 to €3,169
mainly Trade debts (-€102,607) and Debts after one year (-€30,659)
- Tangible fixed assets -€10,013
down €10,013 (-1.4%), from €715,089 to €705,076
of which Land and buildings: -€11,655
- Intangible fixed assets -€10,000
down €10,000 (-11.0%), from €91,093 to €81,093
- Trade debts -€102,607
down €102,607 (-87.7%), from €117,045 to €14,438
- Debts after one year -€30,659
down €30,659 (-5.8%), from €531,591 to €500,932
- Profit (loss) carried forward -€17,617
down €17,617, from €5,345 to -€12,271
- Other debts +€16,680
up €16,680 (+7.2%), from €232,500 to €249,180
- Tax, wage and social debts -€12,906
down €12,906 (-65.8%), from €19,625 to €6,719
of which Taxes: -€12,962
- Financial charges +€8,055
up €8,055 (+49.9%), from €16,140 to €24,195
- Depreciation +€7,775
up €7,775 (+35.6%), from €21,818 to €29,593
- Gross operating margin -€7,294
down €7,294 (-7.8%), from €93,346 to €86,053
- Staff costs -€3,855
down €3,855 (-8.8%), from €43,910 to €40,056
- Taxes -€2,210
down €2,210 (-100%), from €2,210 to €0
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 | €957,265 | €809,657 | -€147,608 | -15.4% |
| Fixed assets | 21/28 | €806,182 | €786,169 | -€20,013 | -2.5% |
| Intangible fixed assets | 21 | €91,093 | €81,093 | -€10,000 | -11.0% |
| Tangible fixed assets | 22/27 | €715,089 | €705,076 | -€10,013 | -1.4% |
| Land and buildings | 22 | €715,089 | €703,434 | -€11,655 | -1.6% |
| Plant, machinery and equipment | 23 | - | €1,642 | +€1,642 | |
| Current assets | 29/58 | €151,083 | €23,488 | -€127,595 | -84.5% |
| Stocks and contracts in progress | 3 | €3,500 | €6,000 | +€2,500 | +71.4% |
| Stocks | 30/36 | €3,500 | €6,000 | +€2,500 | +71.4% |
| Amounts receivable within one year | 40/41 | €133,552 | €3,413 | -€130,139 | -97.4% |
| Trade receivables | 40 | €130,164 | €0 | -€130,164 | -100% |
| Other amounts receivable | 41 | €3,388 | €3,413 | +€25 | +0.7% |
| Cash at bank and in hand | 54/58 | €13,641 | €3,169 | -€10,473 | -76.8% |
| Deferred charges and accrued income | 490/1 | €389 | €10,907 | +€10,517 | +2,701% |
| Total equity and liabilities | 10/49 | €957,265 | €809,657 | -€147,608 | -15.4% |
| Equity | 10/15 | €25,345 | €7,729 | -€17,617 | -69.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,345 | -€12,271 | -€17,617 | |
| Amounts payable | 17/49 | €931,919 | €801,928 | -€129,991 | -13.9% |
| Amounts payable after more than one year | 17 | €531,591 | €500,932 | -€30,659 | -5.8% |
| Financial debts | 170/4 | €531,591 | €500,932 | -€30,659 | -5.8% |
| Amounts payable within one year | 42/48 | €398,608 | €300,996 | -€97,612 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €29,438 | €30,659 | +€1,221 | +4.1% |
| Trade debts | 44 | €117,045 | €14,438 | -€102,607 | -87.7% |
| Suppliers | 440/4 | €117,045 | €14,438 | -€102,607 | -87.7% |
| Taxes, remuneration and social security | 45 | €19,625 | €6,719 | -€12,906 | -65.8% |
| Taxes | 450/3 | €16,579 | €3,616 | -€12,962 | -78.2% |
| Remuneration and social security | 454/9 | €3,046 | €3,102 | +€56 | +1.8% |
| Other amounts payable | 47/48 | €232,500 | €249,180 | +€16,680 | +7.2% |
| Accrued charges and deferred income | 492/3 | €1,721 | €0 | -€1,721 | -100% |
| Non-recurring operating income | 76A | €12,427 | €250 | -€12,177 | -98.0% |
| Remuneration, social security and pensions | 62 | €43,910 | €40,056 | -€3,855 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,818 | €29,593 | +€7,775 | +35.6% |
| Other operating charges | 640/8 | €4,122 | €2,631 | -€1,491 | -36.2% |
| Non-recurring operating charges | 66A | - | €7,277 | +€7,277 | |
| Gross operating margin | 9900 | €93,346 | €86,053 | -€7,294 | -7.8% |
| Operating profit (loss) | 9901 | €23,496 | €6,496 | -€17,000 | -72.4% |
| Financial income | 75/76B | €200 | €83 | -€117 | -58.4% |
| Recurring financial income | 75 | €200 | €83 | -€117 | -58.4% |
| Financial charges | 65/66B | €16,140 | €24,195 | +€8,055 | +49.9% |
| Recurring financial charges | 65 | €16,140 | €24,195 | +€8,055 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €7,555 | -€17,617 | -€25,172 | |
| Income taxes | 67/77 | €2,210 | €0 | -€2,210 | -100% |
| Profit (loss) for the period | 9904 | €5,345 | -€17,617 | -€22,962 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,345 | -€17,617 | -€22,962 |
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 14 October 2026 via checked.be.