THE RAID AGENCY: what changed
What changed
THE RAID AGENCY
NACE 82.300, Organisation of conventions and trade shows
filed annual accounts (NBB)
Net result for the year
€52,760
2024 · €19,288+€33,471
Equity
€256,076
2024 · €553,317-€297,240
Cash
€124,251
2024 · €513,265-€389,014
Balance sheet total
€519,053
2024 · €709,375-€190,322
Largest movements
Assets
- Cash -€389,014
down €389,014 (-75.8%), from €513,265 to €124,251
mainly Contributions, distributions and other (-€350,000) and Receivables within one year (-€201,544)
- Receivables within one year +€201,544
up €201,544 (+105%), from €191,496 to €393,040
of which Trade receivables: +€292,049
Equity and liabilities
- Profit (loss) carried forward -€297,240
down €297,240 (-55.8%), from €532,857 to €235,616
- Trade debts +€63,738
up €63,738 (+114%), from €55,759 to €119,497
- Accrued charges and deferred income +€58,513
up €58,513 (+94.2%), from €62,108 to €120,621
- Other debts -€18,256
down €18,256 (-100%), from €18,256 to €0
Income statement
- Gross operating margin +€218,580
up €218,580 (+96.8%), from €225,896 to €444,475
- Staff costs +€160,185
up €160,185 (+76.6%), from €209,086 to €369,271
- Taxes +€22,279
up €22,279 (+693%), from €3,214 to €25,493
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,288
Gross operating margin
+€218,580
Staff costs
-€160,185
Depreciation
-€271
Write-downs
+€848
Other operating charges
-€284
Financial income
-€3,031
Financial charges
+€93
Taxes
-€22,279
Result 2025
€52,760
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€42,378
Investment
€0
Financing
-€346,636
Cash 2024
€513,265
From operations (derived)
-€42,378
Net result for the year
+€52,760
Depreciation
+€407
Receivables within one year
-€201,544
Deferred charges and accrued income
+€2,446
Trade debts
+€63,738
Tax, wage and social debts
-€441
Other debts
-€18,256
Accrued charges and deferred income
+€58,513
Financing
-€346,636
Short-term financial debts
+€3,364
Contributions, distributions and other
-€350,000
Cash 2025
€124,251
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €709,375 | €519,053 | -€190,322 | -26.8% |
| Fixed assets | 21/28 | €1,084 | €678 | -€407 | -37.5% |
| Tangible fixed assets | 22/27 | €1,084 | €678 | -€407 | -37.5% |
| Furniture and vehicles | 24 | €1,084 | €678 | -€407 | -37.5% |
| Current assets | 29/58 | €708,291 | €518,375 | -€189,916 | -26.8% |
| Amounts receivable within one year | 40/41 | €191,496 | €393,040 | +€201,544 | +105% |
| Trade receivables | 40 | €87,818 | €379,866 | +€292,049 | +333% |
| Other amounts receivable | 41 | €103,678 | €13,173 | -€90,505 | -87.3% |
| Cash at bank and in hand | 54/58 | €513,265 | €124,251 | -€389,014 | -75.8% |
| Deferred charges and accrued income | 490/1 | €3,530 | €1,084 | -€2,446 | -69.3% |
| Total equity and liabilities | 10/49 | €709,375 | €519,053 | -€190,322 | -26.8% |
| Equity | 10/15 | €553,317 | €256,076 | -€297,240 | -53.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €532,857 | €235,616 | -€297,240 | -55.8% |
| Amounts payable | 17/49 | €156,059 | €262,977 | +€106,918 | +68.5% |
| Amounts payable within one year | 42/48 | €93,950 | €142,356 | +€48,405 | +51.5% |
| Financial debts | 43 | - | €3,364 | +€3,364 | |
| Credit institutions | 430/8 | - | €3,364 | +€3,364 | |
| Trade debts | 44 | €55,759 | €119,497 | +€63,738 | +114% |
| Suppliers | 440/4 | €55,759 | €119,497 | +€63,738 | +114% |
| Taxes, remuneration and social security | 45 | €19,935 | €19,495 | -€441 | -2.2% |
| Taxes | 450/3 | €1,473 | €1,772 | +€299 | +20.3% |
| Remuneration and social security | 454/9 | €18,462 | €17,723 | -€739 | -4.0% |
| Other amounts payable | 47/48 | €18,256 | €0 | -€18,256 | -100% |
| Accrued charges and deferred income | 492/3 | €62,108 | €120,621 | +€58,513 | +94.2% |
| Remuneration, social security and pensions | 62 | €209,086 | €369,271 | +€160,185 | +76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136 | €407 | +€271 | +200% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €848 | - | -€848 | |
| Other operating charges | 640/8 | €387 | €671 | +€284 | +73.2% |
| Gross operating margin | 9900 | €225,896 | €444,475 | +€218,580 | +96.8% |
| Operating profit (loss) | 9901 | €15,439 | €74,126 | +€58,687 | +380% |
| Financial income | 75/76B | €7,713 | €4,682 | -€3,031 | -39.3% |
| Recurring financial income | 75 | €7,713 | €4,682 | -€3,031 | -39.3% |
| Financial charges | 65/66B | €649 | €556 | -€93 | -14.4% |
| Recurring financial charges | 65 | €649 | €556 | -€93 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €22,502 | €78,252 | +€55,750 | +248% |
| Income taxes | 67/77 | €3,214 | €25,493 | +€22,279 | +693% |
| Profit (loss) for the period | 9904 | €19,288 | €52,760 | +€33,471 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €19,288 | €52,760 | +€33,471 | +174% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.