Le Ravage: 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 Ravage
Largest movements
- Receivables within one year +€39,247
new in 2025: €39,247
- Stocks and contracts -€8,250
down €8,250 (-47.2%), from €17,465 to €9,215
- Cash -€3,445
down €3,445 (-22.5%), from €15,347 to €11,902
mainly Receivables within one year (-€39,247)
- Tangible fixed assets -€2,088
down €2,088 (-22.0%), from €9,499 to €7,412
- Trade debts +€7,389
up €7,389 (+81.5%), from €9,069 to €16,457
- Other debts +€6,998
up €6,998 (+22.0%), from €31,800 to €38,798
- Profit (loss) carried forward +€4,899
no longer reported in 2025 (was -€4,899)
- Reserves +€3,334
new in 2025: €3,334
of which Distributable reserves: +€3,167
- Accrued charges and deferred income +€1,944
up €1,944 (+83.0%), from €2,342 to €4,286
- Gross operating margin +€10,026
up €10,026 (+524%), from €1,915 to €11,941
- Other operating charges -€2,839
down €2,839 (-92.2%), from €3,079 to €240
- Staff costs -€2,339
down €2,339 (-83.6%), from €2,798 to €459
- Depreciation +€1,149
up €1,149 (+122%), from €939 to €2,088
- Taxes +€900
new in 2025: €900
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 | €43,311 | €68,775 | +€25,464 | +58.8% |
| Fixed assets | 21/28 | €10,499 | €8,412 | -€2,088 | -19.9% |
| Tangible fixed assets | 22/27 | €9,499 | €7,412 | -€2,088 | -22.0% |
| Plant, machinery and equipment | 23 | €9,499 | €7,412 | -€2,088 | -22.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €32,812 | €60,364 | +€27,551 | +84.0% |
| Stocks and contracts in progress | 3 | €17,465 | €9,215 | -€8,250 | -47.2% |
| Stocks | 30/36 | €17,465 | €9,215 | -€8,250 | -47.2% |
| Amounts receivable within one year | 40/41 | - | €39,247 | +€39,247 | |
| Other amounts receivable | 41 | - | €39,247 | +€39,247 | |
| Cash at bank and in hand | 54/58 | €15,347 | €11,902 | -€3,445 | -22.5% |
| Total equity and liabilities | 10/49 | €43,311 | €68,775 | +€25,464 | +58.8% |
| Equity | 10/15 | €101 | €8,334 | +€8,233 | +8,166% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €3,334 | +€3,334 | |
| Non-distributable reserves | 130/1 | - | €167 | +€167 | |
| Legal reserve | 130 | - | €167 | +€167 | |
| Distributable reserves | 133 | - | €3,167 | +€3,167 | |
| Profit (loss) carried forward | 14 | -€4,899 | - | +€4,899 | |
| Amounts payable | 17/49 | €43,210 | €60,442 | +€17,231 | +39.9% |
| Amounts payable within one year | 42/48 | €40,869 | €56,156 | +€15,287 | +37.4% |
| Trade debts | 44 | €9,069 | €16,457 | +€7,389 | +81.5% |
| Suppliers | 440/4 | €9,069 | €16,457 | +€7,389 | +81.5% |
| Taxes, remuneration and social security | 45 | - | €900 | +€900 | |
| Taxes | 450/3 | - | €900 | +€900 | |
| Other amounts payable | 47/48 | €31,800 | €38,798 | +€6,998 | +22.0% |
| Accrued charges and deferred income | 492/3 | €2,342 | €4,286 | +€1,944 | +83.0% |
| Remuneration, social security and pensions | 62 | €2,798 | €459 | -€2,339 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €939 | €2,088 | +€1,149 | +122% |
| Other operating charges | 640/8 | €3,079 | €240 | -€2,839 | -92.2% |
| Gross operating margin | 9900 | €1,915 | €11,941 | +€10,026 | +524% |
| Operating profit (loss) | 9901 | -€4,900 | €9,155 | +€14,055 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -95.2% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -95.2% |
| Financial charges | 65/66B | €2 | €22 | +€20 | +1,350% |
| Recurring financial charges | 65 | €2 | €22 | +€20 | +1,350% |
| Profit (loss) for the period before taxes | 9903 | -€4,899 | €9,133 | +€14,032 | |
| Income taxes | 67/77 | - | €900 | +€900 | |
| Profit (loss) for the period | 9904 | -€4,899 | €8,233 | +€13,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,899 | €8,233 | +€13,132 |
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.