RA Consultants: 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.
RA Consultants
Largest movements
- Receivables within one year +€76,307
up €76,307 (+304%), from €25,088 to €101,395
of which Trade receivables: +€71,960
- Cash -€14,658
down €14,658 (-83.8%), from €17,485 to €2,827
mainly Receivables within one year (-€76,307) and Debts after one year (-€30,694)
- Tangible fixed assets -€12,275
down €12,275 (-2.9%), from €428,112 to €415,837
- Reserves +€111,611
up €111,611 (+805%), from €13,860 to €125,471
- Profit (loss) carried forward -€76,445
no longer reported in 2025 (was €76,445)
- Debts after one year -€30,694
down €30,694 (-9.1%), from €336,916 to €306,221
- Trade debts +€23,409
up €23,409 (+353%), from €6,636 to €30,045
- Current portion of long-term debt +€15,662
new in 2025: €15,662
- Depreciation -€56,587
down €56,587 (-82.2%), from €68,862 to €12,275
- Gross operating margin -€35,369
down €35,369 (-32.1%), from €110,286 to €74,917
- Financial charges +€5,648
up €5,648 (+70.4%), from €8,020 to €13,668
- Taxes +€3,741
up €3,741 (+44.7%), from €8,369 to €12,110
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 | €470,786 | €520,059 | +€49,273 | +10.5% |
| Fixed assets | 21/28 | €428,112 | €415,837 | -€12,275 | -2.9% |
| Tangible fixed assets | 22/27 | €428,112 | €415,837 | -€12,275 | -2.9% |
| Land and buildings | 22 | €428,112 | €415,837 | -€12,275 | -2.9% |
| Current assets | 29/58 | €42,674 | €104,222 | +€61,548 | +144% |
| Amounts receivable within one year | 40/41 | €25,088 | €101,395 | +€76,307 | +304% |
| Trade receivables | 40 | €20,040 | €92,000 | +€71,960 | +359% |
| Other amounts receivable | 41 | €5,048 | €9,395 | +€4,346 | +86.1% |
| Cash at bank and in hand | 54/58 | €17,485 | €2,827 | -€14,658 | -83.8% |
| Deferred charges and accrued income | 490/1 | €101 | - | -€101 | |
| Total equity and liabilities | 10/49 | €470,786 | €520,059 | +€49,273 | +10.5% |
| Equity | 10/15 | €105,304 | €140,471 | +€35,167 | +33.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €13,860 | €125,471 | +€111,611 | +805% |
| Distributable reserves | 133 | €13,860 | €125,471 | +€111,611 | +805% |
| Profit (loss) carried forward | 14 | €76,445 | - | -€76,445 | |
| Amounts payable | 17/49 | €365,482 | €379,588 | +€14,106 | +3.9% |
| Amounts payable after more than one year | 17 | €336,916 | €306,221 | -€30,694 | -9.1% |
| Financial debts | 170/4 | €336,916 | €306,221 | -€30,694 | -9.1% |
| Amounts payable within one year | 42/48 | €28,509 | €73,310 | +€44,801 | +157% |
| Current portion of amounts payable after more than one year | 42 | - | €15,662 | +€15,662 | |
| Financial debts | 43 | €6,767 | €6,690 | -€77 | -1.1% |
| Credit institutions | 430/8 | €6,767 | €6,690 | -€77 | -1.1% |
| Trade debts | 44 | €6,636 | €30,045 | +€23,409 | +353% |
| Suppliers | 440/4 | €6,636 | €30,045 | +€23,409 | +353% |
| Taxes, remuneration and social security | 45 | €3,490 | €3,250 | -€240 | -6.9% |
| Taxes | 450/3 | €3,490 | €3,250 | -€240 | -6.9% |
| Other amounts payable | 47/48 | €11,615 | €17,662 | +€6,047 | +52.1% |
| Accrued charges and deferred income | 492/3 | €57 | €57 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,862 | €12,275 | -€56,587 | -82.2% |
| Other operating charges | 640/8 | €1,529 | €1,697 | +€169 | +11.0% |
| Gross operating margin | 9900 | €110,286 | €74,917 | -€35,369 | -32.1% |
| Operating profit (loss) | 9901 | €39,896 | €60,944 | +€21,049 | +52.8% |
| Financial charges | 65/66B | €8,020 | €13,668 | +€5,648 | +70.4% |
| Recurring financial charges | 65 | €8,020 | €13,668 | +€5,648 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | €31,875 | €47,276 | +€15,401 | +48.3% |
| Income taxes | 67/77 | €8,369 | €12,110 | +€3,741 | +44.7% |
| Profit (loss) for the period | 9904 | €23,506 | €35,167 | +€11,660 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,506 | €35,167 | +€11,660 | +49.6% |
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 29 October 2026 via checked.be.