LE RAVITO: 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 RAVITO
Largest movements
- Cash -€29,519
down €29,519 (-85.9%), from €34,381 to €4,861
mainly Short-term financial debts (-€250,076) and Trade debts (-€45,225)
- Stocks and contracts -€28,698
down €28,698 (-6.2%), from €465,092 to €436,395
- Receivables within one year +€7,240
up €7,240 (+54.8%), from €13,208 to €20,448
of which Trade receivables: +€7,040
- Other debts +€299,993
up €299,993 (+88.2%), from €340,057 to €640,050
- Short-term financial debts -€250,076
down €250,076 (-89.9%), from €278,226 to €28,150
- Trade debts -€45,225
down €45,225 (-64.0%), from €70,616 to €25,391
- Profit (loss) carried forward -€43,779
down €43,779 (-17.1%), from -€255,949 to -€299,728
- Debts after one year -€10,000
down €10,000 (-80.0%), from €12,500 to €2,500
- Gross operating margin +€124,023
up €124,023, from -€13,358 to €110,665
- Other operating charges +€8,257
new in 2025: €8,257
- Staff costs -€7,570
down €7,570 (-5.6%), from €136,219 to €128,649
- Financial charges -€3,509
down €3,509 (-19.8%), from €17,679 to €14,170
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 | €527,372 | €472,446 | -€54,926 | -10.4% |
| Fixed assets | 21/28 | €13,527 | €10,129 | -€3,398 | -25.1% |
| Intangible fixed assets | 21 | €1,676 | €1,236 | -€440 | -26.3% |
| Tangible fixed assets | 22/27 | €10,652 | €7,694 | -€2,958 | -27.8% |
| Plant, machinery and equipment | 23 | €9,407 | €6,721 | -€2,686 | -28.6% |
| Furniture and vehicles | 24 | €1,245 | €973 | -€272 | -21.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €513,845 | €462,317 | -€51,528 | -10.0% |
| Stocks and contracts in progress | 3 | €465,092 | €436,395 | -€28,698 | -6.2% |
| Stocks | 30/36 | €465,092 | €436,395 | -€28,698 | -6.2% |
| Amounts receivable within one year | 40/41 | €13,208 | €20,448 | +€7,240 | +54.8% |
| Trade receivables | 40 | €13,208 | €20,249 | +€7,040 | +53.3% |
| Other amounts receivable | 41 | - | €200 | +€200 | |
| Cash at bank and in hand | 54/58 | €34,381 | €4,861 | -€29,519 | -85.9% |
| Deferred charges and accrued income | 490/1 | €1,163 | €612 | -€551 | -47.4% |
| Total equity and liabilities | 10/49 | €527,372 | €472,446 | -€54,926 | -10.4% |
| Equity | 10/15 | -€214,888 | -€258,667 | -€43,779 | -20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,461 | €22,461 | = | 0.0% |
| Distributable reserves | 133 | €22,461 | €22,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€255,949 | -€299,728 | -€43,779 | -17.1% |
| Amounts payable | 17/49 | €742,260 | €731,113 | -€11,147 | -1.5% |
| Amounts payable after more than one year | 17 | €12,500 | €2,500 | -€10,000 | -80.0% |
| Financial debts | 170/4 | €12,500 | €2,500 | -€10,000 | -80.0% |
| Amounts payable within one year | 42/48 | €727,367 | €727,392 | +€25 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Financial debts | 43 | €278,226 | €28,150 | -€250,076 | -89.9% |
| Credit institutions | 430/8 | €278,226 | €28,150 | -€250,076 | -89.9% |
| Trade debts | 44 | €70,616 | €25,391 | -€45,225 | -64.0% |
| Suppliers | 440/4 | €70,616 | €25,391 | -€45,225 | -64.0% |
| Advances received on contracts in progress | 46 | €1,466 | €750 | -€716 | -48.8% |
| Taxes, remuneration and social security | 45 | €24,501 | €20,551 | -€3,951 | -16.1% |
| Taxes | 450/3 | €1,835 | €7,612 | +€5,777 | +315% |
| Remuneration and social security | 454/9 | €22,666 | €12,939 | -€9,727 | -42.9% |
| Other amounts payable | 47/48 | €340,057 | €640,050 | +€299,993 | +88.2% |
| Accrued charges and deferred income | 492/3 | €2,393 | €1,221 | -€1,172 | -49.0% |
| Remuneration, social security and pensions | 62 | €136,219 | €128,649 | -€7,570 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,254 | €3,398 | -€856 | -20.1% |
| Other operating charges | 640/8 | - | €8,257 | +€8,257 | |
| Gross operating margin | 9900 | -€13,358 | €110,665 | +€124,023 | |
| Operating profit (loss) | 9901 | -€153,830 | -€29,638 | +€124,192 | +80.7% |
| Financial income | 75/76B | €29 | €30 | +€1 | +3.6% |
| Recurring financial income | 75 | €29 | €30 | +€1 | +3.6% |
| Financial charges | 65/66B | €17,679 | €14,170 | -€3,509 | -19.8% |
| Recurring financial charges | 65 | €17,679 | €14,170 | -€3,509 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€171,480 | -€43,779 | +€127,702 | +74.5% |
| Profit (loss) for the period | 9904 | -€171,480 | -€43,779 | +€127,702 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€171,480 | -€43,779 | +€127,702 | +74.5% |
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 26 October 2026 via checked.be.