VAN RAAK TRADING: 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.
What changed
VAN RAAK TRADING
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10.9m
2024 · €5.8m+€5.1m
Equity
€43.4m
2024 · €32.5m+€10.9m
Cash
€6.2m
2024 · €6.9m-€736,205
Balance sheet total
€91.7m
2024 · €98.4m-€6.7m
Largest movements
Assets
- Stocks and contracts -€3.8m
down €3.8m (-29.8%), from €12.8m to €9.0m
- Receivables within one year -€3.5m
down €3.5m (-4.8%), from €73.0m to €69.5m
of which Trade receivables: -€2.0m
- Tangible fixed assets +€1.5m
up €1.5m (+40.3%), from €3.8m to €5.3m
of which Land and buildings: +€1.7m
Equity and liabilities
- Other debts -€21.0m
down €21.0m (-100.0%), from €21.0m to €6,770
- Reserves +€10.9m
up €10.9m (+33.6%), from €32.4m to €43.3m
of which Distributable reserves: +€10.1m
- Tax, wage and social debts +€3.8m
up €3.8m (+19.0%), from €20.0m to €23.8m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€5.8m
Turnover
+€5.0m
Other operating income
+€118,255
Goods and materials
+€2.3m
Services and other goods
-€2.3m
Depreciation
-€52,252
Write-downs
-€115,377
Other operating charges
-€81,667
Other operating items
-€207
Financial income
-€3.2m
Financial charges
+€5.0m
Taxes
-€1.5m
Result 2025
€10.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€2.1m
Financing
€0
Cash 2024
€6.9m
From operations (derived)
+€1.3m
Net result for the year
+€10.9m
Depreciation
+€533,102
Receivables after one year
+€106,059
Stocks and contracts
+€3.8m
Receivables within one year
+€3.5m
Deferred charges and accrued income
+€64,159
Trade debts
-€391,091
Tax, wage and social debts
+€3.8m
Other debts
-€21.0m
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Cash 2025
€6.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,411,011 | €91,678,927 | -€6.7m | -6.8% |
| Fixed assets | 21/28 | €3,792,240 | €5,322,375 | +€1.5m | +40.3% |
| Tangible fixed assets | 22/27 | €3,792,240 | €5,322,375 | +€1.5m | +40.3% |
| Land and buildings | 22 | €840,875 | €2,544,027 | +€1.7m | +203% |
| Plant, machinery and equipment | 23 | €2,863,708 | €2,683,481 | -€180,227 | -6.3% |
| Furniture and vehicles | 24 | €87,657 | €94,867 | +€7,210 | +8.2% |
| Current assets | 29/58 | €94,618,771 | €86,356,552 | -€8.3m | -8.7% |
| Amounts receivable after more than one year | 29 | €1,791,378 | €1,685,319 | -€106,059 | -5.9% |
| Other amounts receivable | 291 | €1,791,378 | €1,685,319 | -€106,059 | -5.9% |
| Stocks and contracts in progress | 3 | €12,814,912 | €8,999,369 | -€3.8m | -29.8% |
| Stocks | 30/36 | €12,814,912 | €8,999,369 | -€3.8m | -29.8% |
| Goods purchased for resale | 34 | €12,814,912 | €8,999,369 | -€3.8m | -29.8% |
| Amounts receivable within one year | 40/41 | €73,020,478 | €69,480,224 | -€3.5m | -4.8% |
| Trade receivables | 40 | €48,136,851 | €46,145,420 | -€2.0m | -4.1% |
| Other amounts receivable | 41 | €24,883,627 | €23,334,804 | -€1.5m | -6.2% |
| Cash at bank and in hand | 54/58 | €6,887,875 | €6,151,670 | -€736,205 | -10.7% |
| Deferred charges and accrued income | 490/1 | €104,128 | €39,969 | -€64,159 | -61.6% |
| Total equity and liabilities | 10/49 | €98,411,011 | €91,678,927 | -€6.7m | -6.8% |
| Equity | 10/15 | €32,498,004 | €43,395,096 | +€10.9m | +33.5% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €32,398,847 | €43,295,938 | +€10.9m | +33.6% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,005,638 | €2,774,349 | +€768,712 | +38.3% |
| Distributable reserves | 133 | €30,383,293 | €40,511,673 | +€10.1m | +33.3% |
| Amounts payable | 17/49 | €65,913,007 | €48,283,831 | -€17.6m | -26.7% |
| Amounts payable within one year | 42/48 | €65,913,007 | €48,283,831 | -€17.6m | -26.7% |
| Trade debts | 44 | €24,875,018 | €24,483,927 | -€391,091 | -1.6% |
| Suppliers | 440/4 | €24,875,018 | €24,483,927 | -€391,091 | -1.6% |
| Taxes, remuneration and social security | 45 | €19,998,411 | €23,793,135 | +€3.8m | +19.0% |
| Taxes | 450/3 | €19,998,411 | €23,793,135 | +€3.8m | +19.0% |
| Other amounts payable | 47/48 | €21,039,578 | €6,770 | -€21.0m | -100.0% |
| Operating income | 70/76A | €1,142,909,472 | €1,148,017,111 | +€5.1m | +0.4% |
| Turnover | 70 | €1,142,594,187 | €1,147,583,777 | +€5.0m | +0.4% |
| Other operating income | 74 | €315,079 | €433,333 | +€118,255 | +37.5% |
| Non-recurring operating income | 76A | €207 | - | -€207 | |
| Operating charges | 60/66A | €1,134,884,792 | €1,135,206,872 | +€322,081 | 0.0% |
| Goods for resale, raw materials and consumables | 60 | €1,125,737,173 | €1,123,479,417 | -€2.3m | -0.2% |
| Purchases | 600/8 | €1,125,737,173 | €1,123,479,417 | -€2.3m | -0.2% |
| Services and other goods | 61 | €8,617,517 | €10,948,058 | +€2.3m | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480,850 | €533,102 | +€52,252 | +10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €115,377 | +€115,377 | |
| Other operating charges | 640/8 | €49,252 | €130,919 | +€81,667 | +166% |
| Operating profit (loss) | 9901 | €8,024,680 | €12,810,238 | +€4.8m | +59.6% |
| Financial income | 75/76B | €5,411,056 | €2,245,495 | -€3.2m | -58.5% |
| Recurring financial income | 75 | €5,411,056 | €2,245,495 | -€3.2m | -58.5% |
| Income from current assets | 751 | €340,632 | €324,085 | -€16,547 | -4.9% |
| Other financial income | 752/9 | €5,070,424 | €1,921,410 | -€3.1m | -62.1% |
| Financial charges | 65/66B | €5,525,609 | €482,434 | -€5.0m | -91.3% |
| Recurring financial charges | 65 | €5,525,609 | €482,434 | -€5.0m | -91.3% |
| Debt charges | 650 | €112,752 | €86,536 | -€26,216 | -23.3% |
| Other financial charges | 652/9 | €5,412,857 | €395,898 | -€5.0m | -92.7% |
| Profit (loss) for the period before taxes | 9903 | €7,910,127 | €14,573,300 | +€6.7m | +84.2% |
| Income taxes | 67/77 | €2,129,082 | €3,676,208 | +€1.5m | +72.7% |
| Taxes | 670/3 | €2,129,082 | €3,676,208 | +€1.5m | +72.7% |
| Profit (loss) for the period | 9904 | €5,781,045 | €10,897,092 | +€5.1m | +88.5% |
| Transfer from tax-exempt reserves | 789 | €1,151,862 | €129,538 | -€1.0m | -88.8% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €842,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,090,908 | €10,184,630 | +€4.1m | +67.2% |
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 17 October 2026 via checked.be.