LE RATELIER: 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.
LE RATELIER
Largest movements
- Receivables within one year -€10,031
down €10,031 (-57.2%), from €17,523 to €7,492
of which Other amounts receivable: -€10,575
- Tangible fixed assets -€9,487
down €9,487 (-16.3%), from €58,190 to €48,703
of which Plant, machinery and equipment: -€9,830
- Other debts -€8,147
down €8,147 (-32.7%), from €24,910 to €16,764
- Debts after one year -€7,128
down €7,128 (-19.3%), from €37,007 to €29,879
- Trade debts -€5,886
down €5,886 (-83.6%), from €7,043 to €1,156
- Profit (loss) carried forward +€4,495
up €4,495 (+42.1%), from -€10,685 to -€6,190
- Current portion of long-term debt -€2,192
down €2,192 (-23.5%), from €9,320 to €7,128
- Gross operating margin +€33,500
up €33,500 (+2,195%), from €1,526 to €35,026
- Depreciation +€8,987
up €8,987 (+114%), from €7,910 to €16,897
- Other operating charges +€8,251
up €8,251 (+726%), from €1,136 to €9,387
- Financial charges +€3,043
up €3,043 (+284%), from €1,071 to €4,114
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 | €88,056 | €69,198 | -€18,858 | -21.4% |
| Fixed assets | 21/28 | €58,940 | €49,453 | -€9,487 | -16.1% |
| Tangible fixed assets | 22/27 | €58,190 | €48,703 | -€9,487 | -16.3% |
| Land and buildings | 22 | €8,166 | €5,433 | -€2,733 | -33.5% |
| Plant, machinery and equipment | 23 | €46,023 | €36,193 | -€9,830 | -21.4% |
| Furniture and vehicles | 24 | €4,001 | €7,077 | +€3,076 | +76.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €29,116 | €19,745 | -€9,371 | -32.2% |
| Stocks and contracts in progress | 3 | €1,303 | €1,174 | -€129 | -9.9% |
| Stocks | 30/36 | €1,303 | €1,174 | -€129 | -9.9% |
| Amounts receivable within one year | 40/41 | €17,523 | €7,492 | -€10,031 | -57.2% |
| Trade receivables | 40 | - | €545 | +€545 | |
| Other amounts receivable | 41 | €17,523 | €6,948 | -€10,575 | -60.4% |
| Cash at bank and in hand | 54/58 | €10,091 | €10,758 | +€668 | +6.6% |
| Deferred charges and accrued income | 490/1 | €199 | €320 | +€121 | +60.6% |
| Total equity and liabilities | 10/49 | €88,056 | €69,198 | -€18,858 | -21.4% |
| Equity | 10/15 | €9,775 | €14,270 | +€4,495 | +46.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,685 | -€6,190 | +€4,495 | +42.1% |
| Amounts payable | 17/49 | €78,281 | €54,927 | -€23,353 | -29.8% |
| Amounts payable after more than one year | 17 | €37,007 | €29,879 | -€7,128 | -19.3% |
| Financial debts | 170/4 | €37,007 | €29,879 | -€7,128 | -19.3% |
| Amounts payable within one year | 42/48 | €41,274 | €25,049 | -€16,225 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €9,320 | €7,128 | -€2,192 | -23.5% |
| Trade debts | 44 | €7,043 | €1,156 | -€5,886 | -83.6% |
| Suppliers | 440/4 | €7,043 | €1,156 | -€5,886 | -83.6% |
| Other amounts payable | 47/48 | €24,910 | €16,764 | -€8,147 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,910 | €16,897 | +€8,987 | +114% |
| Other operating charges | 640/8 | €1,136 | €9,387 | +€8,251 | +726% |
| Gross operating margin | 9900 | €1,526 | €35,026 | +€33,500 | +2,195% |
| Operating profit (loss) | 9901 | -€7,519 | €8,743 | +€16,262 | |
| Financial income | 75/76B | €98 | €80 | -€19 | -19.2% |
| Recurring financial income | 75 | €98 | €80 | -€19 | -19.2% |
| Financial charges | 65/66B | €1,071 | €4,114 | +€3,043 | +284% |
| Recurring financial charges | 65 | €1,071 | €4,114 | +€3,043 | +284% |
| Profit (loss) for the period before taxes | 9903 | -€8,492 | €4,708 | +€13,200 | |
| Income taxes | 67/77 | €7 | €213 | +€206 | +3,039% |
| Profit (loss) for the period | 9904 | -€8,499 | €4,495 | +€12,994 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,499 | €4,495 | +€12,994 |
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 22 October 2026 via checked.be.