TOITURES RAPHAEL BLAISE: what changed
TOITURES RAPHAEL BLAISE
Largest movements
- Tangible fixed assets -€33,564
down €33,564 (-15.4%), from €218,585 to €185,021
of which Furniture and vehicles: -€27,193
- Cash +€29,080
up €29,080 (+615%), from €4,728 to €33,808
mainly Depreciation (+€37,421) and Receivables within one year (+€28,026)
- Receivables within one year -€28,026
down €28,026 (-31.7%), from €88,473 to €60,447
of which Trade receivables: -€24,644
- Reserves -€36,324
down €36,324 (-17.7%), from €205,389 to €169,064
- Debts after one year -€18,281
down €18,281 (-20.0%), from €91,403 to €73,123
- Trade debts +€10,177
up €10,177 (+75.1%), from €13,546 to €23,724
- Short-term financial debts +€9,855
up €9,855 (+329%), from €2,991 to €12,847
- Gross operating margin -€36,892
down €36,892 (-85.4%), from €43,188 to €6,295
- Depreciation +€12,925
up €12,925 (+52.8%), from €24,496 to €37,421
- Taxes -€4,816
down €4,816 (-100%), from €4,816 to €0
- Financial charges +€3,939
up €3,939 (+108%), from €3,640 to €7,579
- Financial income +€1,821
up €1,821 (+64.6%), from €2,817 to €4,638
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,007 | €318,476 | -€33,531 | -9.5% |
| Fixed assets | 21/28 | €218,585 | €185,021 | -€33,564 | -15.4% |
| Tangible fixed assets | 22/27 | €218,585 | €185,021 | -€33,564 | -15.4% |
| Land and buildings | 22 | €50,400 | €47,760 | -€2,640 | -5.2% |
| Plant, machinery and equipment | 23 | €26,919 | €23,188 | -€3,731 | -13.9% |
| Furniture and vehicles | 24 | €141,266 | €114,073 | -€27,193 | -19.2% |
| Current assets | 29/58 | €133,423 | €133,455 | +€33 | 0.0% |
| Stocks and contracts in progress | 3 | €27,838 | €29,261 | +€1,423 | +5.1% |
| Stocks | 30/36 | €27,838 | €29,261 | +€1,423 | +5.1% |
| Amounts receivable within one year | 40/41 | €88,473 | €60,447 | -€28,026 | -31.7% |
| Trade receivables | 40 | €24,644 | €0 | -€24,644 | -100% |
| Other amounts receivable | 41 | €63,829 | €60,447 | -€3,382 | -5.3% |
| Cash at bank and in hand | 54/58 | €4,728 | €33,808 | +€29,080 | +615% |
| Deferred charges and accrued income | 490/1 | €12,384 | €9,940 | -€2,444 | -19.7% |
| Total equity and liabilities | 10/49 | €352,007 | €318,476 | -€33,531 | -9.5% |
| Equity | 10/15 | €223,989 | €187,664 | -€36,324 | -16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €205,389 | €169,064 | -€36,324 | -17.7% |
| Distributable reserves | 133 | €205,389 | €169,064 | -€36,324 | -17.7% |
| Amounts payable | 17/49 | €128,019 | €130,812 | +€2,794 | +2.2% |
| Amounts payable after more than one year | 17 | €91,403 | €73,123 | -€18,281 | -20.0% |
| Financial debts | 170/4 | €91,403 | €73,123 | -€18,281 | -20.0% |
| Amounts payable within one year | 42/48 | €34,818 | €55,947 | +€21,129 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | €18,281 | €18,281 | = | 0.0% |
| Financial debts | 43 | €2,991 | €12,847 | +€9,855 | +329% |
| Credit institutions | 430/8 | €2,991 | €12,847 | +€9,855 | +329% |
| Trade debts | 44 | €13,546 | €23,724 | +€10,177 | +75.1% |
| Suppliers | 440/4 | €13,546 | €23,724 | +€10,177 | +75.1% |
| Taxes, remuneration and social security | 45 | - | €1,096 | +€1,096 | |
| Taxes | 450/3 | - | €1,096 | +€1,096 | |
| Accrued charges and deferred income | 492/3 | €1,797 | €1,742 | -€55 | -3.1% |
| Remuneration, social security and pensions | 62 | -€327 | €0 | +€327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,496 | €37,421 | +€12,925 | +52.8% |
| Other operating charges | 640/8 | €2,308 | €2,258 | -€51 | -2.2% |
| Non-recurring operating charges | 66A | €107 | €0 | -€107 | -100% |
| Gross operating margin | 9900 | €43,188 | €6,295 | -€36,892 | -85.4% |
| Operating profit (loss) | 9901 | €16,603 | -€33,383 | -€49,986 | |
| Financial income | 75/76B | €2,817 | €4,638 | +€1,821 | +64.6% |
| Recurring financial income | 75 | €2,817 | €4,638 | +€1,821 | +64.6% |
| Financial charges | 65/66B | €3,640 | €7,579 | +€3,939 | +108% |
| Recurring financial charges | 65 | €3,640 | €7,579 | +€3,939 | +108% |
| Profit (loss) for the period before taxes | 9903 | €15,780 | -€36,324 | -€52,104 | |
| Income taxes | 67/77 | €4,816 | €0 | -€4,816 | -100% |
| Profit (loss) for the period | 9904 | €10,964 | -€36,324 | -€47,289 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,964 | -€36,324 | -€47,289 |
Next steps
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 6 November 2026 via checked.be.