HOF VAN RAVENSTEIN: 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.
HOF VAN RAVENSTEIN
Largest movements
- Tangible fixed assets -€34,466
down €34,466 (-8.5%), from €405,980 to €371,514
- Receivables within one year +€16,713
up €16,713 (+54.2%), from €30,844 to €47,557
of which Other amounts receivable: +€16,871
- Debts after one year -€27,307
down €27,307 (-16.7%), from €163,531 to €136,224
of which Financial debts: -€27,307
- Reserves +€19,203
up €19,203 (+55.5%), from €34,581 to €53,784
- Other debts -€10,900
down €10,900 (-6.3%), from €173,713 to €162,813
- Gross operating margin +€5,975
up €5,975 (+11.1%), from €53,680 to €59,655
- Depreciation -€950
down €950 (-2.7%), from €35,416 to €34,466
- Financial income +€914
up €914 (+138%), from €665 to €1,579
- Financial charges -€722
down €722 (-13.6%), from €5,304 to €4,582
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 | €444,386 | €423,543 | -€20,843 | -4.7% |
| Fixed assets | 21/28 | €405,980 | €371,514 | -€34,466 | -8.5% |
| Tangible fixed assets | 22/27 | €405,980 | €371,514 | -€34,466 | -8.5% |
| Land and buildings | 22 | €405,980 | €371,514 | -€34,466 | -8.5% |
| Current assets | 29/58 | €38,406 | €52,029 | +€13,623 | +35.5% |
| Amounts receivable within one year | 40/41 | €30,844 | €47,557 | +€16,713 | +54.2% |
| Trade receivables | 40 | €158 | - | -€158 | |
| Other amounts receivable | 41 | €30,685 | €47,557 | +€16,871 | +55.0% |
| Cash at bank and in hand | 54/58 | €6,368 | €3,268 | -€3,100 | -48.7% |
| Deferred charges and accrued income | 490/1 | €1,195 | €1,205 | +€10 | +0.8% |
| Total equity and liabilities | 10/49 | €444,386 | €423,543 | -€20,843 | -4.7% |
| Equity | 10/15 | €75,394 | €94,598 | +€19,203 | +25.5% |
| Contributions | 10/11 | €40,814 | €40,814 | = | 0.0% |
| Reserves | 13 | €34,581 | €53,784 | +€19,203 | +55.5% |
| Distributable reserves | 133 | €34,581 | €53,784 | +€19,203 | +55.5% |
| Amounts payable | 17/49 | €368,991 | €328,945 | -€40,046 | -10.9% |
| Amounts payable after more than one year | 17 | €163,531 | €136,224 | -€27,307 | -16.7% |
| Financial debts | 170/4 | €163,381 | €136,074 | -€27,307 | -16.7% |
| Other amounts payable | 178/9 | €150 | €150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,817 | €190,156 | -€10,660 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €26,686 | €27,307 | +€621 | +2.3% |
| Trade debts | 44 | €418 | €37 | -€381 | -91.2% |
| Suppliers | 440/4 | €418 | €37 | -€381 | -91.2% |
| Other amounts payable | 47/48 | €173,713 | €162,813 | -€10,900 | -6.3% |
| Accrued charges and deferred income | 492/3 | €4,644 | €2,565 | -€2,079 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,416 | €34,466 | -€950 | -2.7% |
| Other operating charges | 640/8 | €3,282 | €2,983 | -€299 | -9.1% |
| Gross operating margin | 9900 | €53,680 | €59,655 | +€5,975 | +11.1% |
| Operating profit (loss) | 9901 | €14,982 | €22,206 | +€7,225 | +48.2% |
| Financial income | 75/76B | €665 | €1,579 | +€914 | +138% |
| Recurring financial income | 75 | €665 | €1,579 | +€914 | +138% |
| Financial charges | 65/66B | €5,304 | €4,582 | -€722 | -13.6% |
| Recurring financial charges | 65 | €5,304 | €4,582 | -€722 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €10,343 | €19,204 | +€8,861 | +85.7% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €10,343 | €19,203 | +€8,860 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,343 | €19,203 | +€8,860 | +85.7% |
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 30 October 2026 via checked.be.