RASKIN: 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.
RASKIN
Largest movements
- Tangible fixed assets +€51,664
up €51,664 (+69.5%), from €74,296 to €125,960
of which Furniture and vehicles: +€30,976
- Receivables within one year -€30,306
down €30,306 (-29.9%), from €101,424 to €71,118
of which Trade receivables: -€32,748
- Cash -€9,365
down €9,365 (-37.4%), from €25,010 to €15,645
mainly Investment in fixed assets (net) (-€57,900) and Trade debts (-€20,778)
- Short-term financial debts +€25,005
new in 2025: €25,005
- Trade debts -€20,778
down €20,778 (-16.6%), from €124,871 to €104,093
- Other debts +€12,674
up €12,674 (+827%), from €1,533 to €14,208
- Tax, wage and social debts -€4,427
down €4,427 (-11.9%), from €37,100 to €32,672
of which Taxes: -€6,628
- Staff costs +€52,555
up €52,555 (+34.5%), from €152,388 to €204,943
- Gross operating margin +€33,288
up €33,288 (+18.0%), from €184,548 to €217,836
- Taxes -€3,958
down €3,958 (-86.6%), from €4,572 to €614
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 | €343,920 | €356,476 | +€12,556 | +3.7% |
| Fixed assets | 21/28 | €83,470 | €135,135 | +€51,664 | +61.9% |
| Tangible fixed assets | 22/27 | €74,296 | €125,960 | +€51,664 | +69.5% |
| Land and buildings | 22 | €57,978 | €57,978 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,306 | €34,994 | +€20,688 | +145% |
| Furniture and vehicles | 24 | €2,012 | €32,988 | +€30,976 | +1,540% |
| Financial fixed assets | 28 | €9,174 | €9,174 | = | 0.0% |
| Current assets | 29/58 | €260,450 | €221,341 | -€39,109 | -15.0% |
| Stocks and contracts in progress | 3 | €134,016 | €134,578 | +€562 | +0.4% |
| Stocks | 30/36 | €134,016 | €134,578 | +€562 | +0.4% |
| Amounts receivable within one year | 40/41 | €101,424 | €71,118 | -€30,306 | -29.9% |
| Trade receivables | 40 | €101,424 | €68,676 | -€32,748 | -32.3% |
| Other amounts receivable | 41 | - | €2,442 | +€2,442 | |
| Cash at bank and in hand | 54/58 | €25,010 | €15,645 | -€9,365 | -37.4% |
| Total equity and liabilities | 10/49 | €343,920 | €356,476 | +€12,556 | +3.7% |
| Equity | 10/15 | €180,416 | €180,498 | +€82 | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €165,416 | €165,498 | +€82 | 0.0% |
| Distributable reserves | 133 | €165,416 | €165,498 | +€82 | 0.0% |
| Amounts payable | 17/49 | €163,504 | €175,977 | +€12,473 | +7.6% |
| Amounts payable within one year | 42/48 | €163,504 | €175,977 | +€12,473 | +7.6% |
| Financial debts | 43 | - | €25,005 | +€25,005 | |
| Credit institutions | 430/8 | - | €25,005 | +€25,005 | |
| Trade debts | 44 | €124,871 | €104,093 | -€20,778 | -16.6% |
| Suppliers | 440/4 | €124,871 | €104,093 | -€20,778 | -16.6% |
| Taxes, remuneration and social security | 45 | €37,100 | €32,672 | -€4,427 | -11.9% |
| Taxes | 450/3 | €22,190 | €15,562 | -€6,628 | -29.9% |
| Remuneration and social security | 454/9 | €14,909 | €17,110 | +€2,201 | +14.8% |
| Other amounts payable | 47/48 | €1,533 | €14,208 | +€12,674 | +827% |
| Remuneration, social security and pensions | 62 | €152,388 | €204,943 | +€52,555 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,189 | €6,236 | -€953 | -13.3% |
| Other operating charges | 640/8 | €303 | €1,094 | +€791 | +261% |
| Gross operating margin | 9900 | €184,548 | €217,836 | +€33,288 | +18.0% |
| Operating profit (loss) | 9901 | €24,668 | €5,563 | -€19,105 | -77.4% |
| Financial income | 75/76B | €2,474 | €427 | -€2,047 | -82.7% |
| Recurring financial income | 75 | €2,474 | €427 | -€2,047 | -82.7% |
| Financial charges | 65/66B | €6,763 | €5,294 | -€1,468 | -21.7% |
| Recurring financial charges | 65 | €6,763 | €5,294 | -€1,468 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €20,380 | €696 | -€19,684 | -96.6% |
| Income taxes | 67/77 | €4,572 | €614 | -€3,958 | -86.6% |
| Profit (loss) for the period | 9904 | €15,808 | €82 | -€15,726 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,808 | €82 | -€15,726 | -99.5% |
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 19 October 2026 via checked.be.