BE-RAVE: 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.
BE-RAVE
Largest movements
- Cash -€9,440
down €9,440 (-34.0%), from €27,761 to €18,321
mainly Net result for the year (-€27,200) and Other debts (-€1,784)
- Profit (loss) carried forward -€27,200
down €27,200 (-3.2%), from -€842,256 to -€869,456
- Debts after one year +€20,610
up €20,610 (+1.4%), from €1.5m to €1.5m
of which Financial debts: +€20,610
- Other operating charges -€4,523
down €4,523 (-89.7%), from €5,042 to €520
- Gross operating margin -€1,716
down €1,716 (-46.9%), from -€3,658 to -€5,374
- Financial charges +€807
up €807 (+3.9%), from €20,530 to €21,337
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 | €630,040 | €621,763 | -€8,277 | -1.3% |
| Fixed assets | 21/28 | €601,682 | €601,682 | = | 0.0% |
| Financial fixed assets | 28 | €601,682 | €601,682 | = | 0.0% |
| Current assets | 29/58 | €28,357 | €20,080 | -€8,277 | -29.2% |
| Amounts receivable within one year | 40/41 | €596 | €1,759 | +€1,163 | +195% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €596 | €1,759 | +€1,163 | +195% |
| Cash at bank and in hand | 54/58 | €27,761 | €18,321 | -€9,440 | -34.0% |
| Total equity and liabilities | 10/49 | €630,040 | €621,763 | -€8,277 | -1.3% |
| Equity | 10/15 | -€823,656 | -€850,856 | -€27,200 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€842,256 | -€869,456 | -€27,200 | -3.2% |
| Amounts payable | 17/49 | €1,453,696 | €1,472,619 | +€18,923 | +1.3% |
| Amounts payable after more than one year | 17 | €1,451,857 | €1,472,467 | +€20,610 | +1.4% |
| Financial debts | 170/4 | €1,381,857 | €1,402,467 | +€20,610 | +1.5% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,839 | €152 | -€1,687 | -91.7% |
| Trade debts | 44 | €55 | €152 | +€97 | +178% |
| Suppliers | 440/4 | €55 | €152 | +€97 | +178% |
| Other amounts payable | 47/48 | €1,784 | €0 | -€1,784 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €5,042 | €520 | -€4,523 | -89.7% |
| Gross operating margin | 9900 | -€3,658 | -€5,374 | -€1,716 | -46.9% |
| Operating profit (loss) | 9901 | -€8,701 | -€5,894 | +€2,807 | +32.3% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €20,530 | €21,337 | +€807 | +3.9% |
| Recurring financial charges | 65 | €20,530 | €21,337 | +€807 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,231 | -€27,200 | +€2,031 | +6.9% |
| Profit (loss) for the period | 9904 | -€29,231 | -€27,200 | +€2,031 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,231 | -€27,200 | +€2,031 | +6.9% |
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 15 October 2026 via checked.be.