RA Consulting: 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 Consulting
Largest movements
- Financial fixed assets +€52,641
up €52,641 (+65.4%), from €80,500 to €133,141
- Deferred charges and accrued income +€12,398
up €12,398 (+65.7%), from €18,856 to €31,255
- Cash -€9,485
down €9,485 (-24.6%), from €38,564 to €29,079
mainly Investment in fixed assets (net) (-€52,641) and Contributions, distributions and other (-€27,419)
- Tangible fixed assets -€5,807
down €5,807 (-9.5%), from €61,330 to €55,522
of which Land and buildings: -€4,868
- Reserves +€31,946
up €31,946 (+27.8%), from €115,037 to €146,983
- Debts after one year +€17,304
up €17,304 (+55.2%), from €31,365 to €48,670
- Current portion of long-term debt +€7,717
up €7,717 (+57.3%), from €13,479 to €21,196
- Other debts -€5,716
down €5,716 (-58.1%), from €9,843 to €4,127
- Gross operating margin +€57,778
up €57,778 (+172%), from €33,524 to €91,303
- Taxes +€14,211
up €14,211 (+188%), from €7,564 to €21,776
- Financial charges -€1,384
down €1,384 (-30.5%), from €4,537 to €3,153
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 | €199,250 | €248,997 | +€49,747 | +25.0% |
| Fixed assets | 21/28 | €141,830 | €188,663 | +€46,833 | +33.0% |
| Tangible fixed assets | 22/27 | €61,330 | €55,522 | -€5,807 | -9.5% |
| Land and buildings | 22 | €35,781 | €30,913 | -€4,868 | -13.6% |
| Plant, machinery and equipment | 23 | €520 | - | -€520 | |
| Furniture and vehicles | 24 | €25,028 | €24,609 | -€419 | -1.7% |
| Financial fixed assets | 28 | €80,500 | €133,141 | +€52,641 | +65.4% |
| Current assets | 29/58 | €57,420 | €60,333 | +€2,913 | +5.1% |
| Cash at bank and in hand | 54/58 | €38,564 | €29,079 | -€9,485 | -24.6% |
| Deferred charges and accrued income | 490/1 | €18,856 | €31,255 | +€12,398 | +65.7% |
| Total equity and liabilities | 10/49 | €199,250 | €248,997 | +€49,747 | +25.0% |
| Equity | 10/15 | €133,637 | €165,583 | +€31,946 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,037 | €146,983 | +€31,946 | +27.8% |
| Distributable reserves | 133 | €115,037 | €146,983 | +€31,946 | +27.8% |
| Amounts payable | 17/49 | €65,613 | €83,414 | +€17,800 | +27.1% |
| Amounts payable after more than one year | 17 | €31,365 | €48,670 | +€17,304 | +55.2% |
| Financial debts | 170/4 | €31,365 | €48,670 | +€17,304 | +55.2% |
| Amounts payable within one year | 42/48 | €32,845 | €34,744 | +€1,898 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €13,479 | €21,196 | +€7,717 | +57.3% |
| Trade debts | 44 | €1,567 | €2,500 | +€933 | +59.6% |
| Suppliers | 440/4 | €1,567 | €2,500 | +€933 | +59.6% |
| Taxes, remuneration and social security | 45 | €7,956 | €6,920 | -€1,036 | -13.0% |
| Taxes | 450/3 | €7,956 | €6,920 | -€1,036 | -13.0% |
| Other amounts payable | 47/48 | €9,843 | €4,127 | -€5,716 | -58.1% |
| Accrued charges and deferred income | 492/3 | €1,402 | - | -€1,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,409 | €5,807 | -€602 | -9.4% |
| Other operating charges | 640/8 | €395 | €1,201 | +€806 | +204% |
| Gross operating margin | 9900 | €33,524 | €91,303 | +€57,778 | +172% |
| Operating profit (loss) | 9901 | €26,720 | €84,294 | +€57,574 | +215% |
| Financial charges | 65/66B | €4,537 | €3,153 | -€1,384 | -30.5% |
| Recurring financial charges | 65 | €4,537 | €3,153 | -€1,384 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €22,183 | €81,141 | +€58,958 | +266% |
| Income taxes | 67/77 | €7,564 | €21,776 | +€14,211 | +188% |
| Profit (loss) for the period | 9904 | €14,618 | €59,366 | +€44,747 | +306% |
| Profit (loss) for the period to be appropriated | 9905 | €14,618 | €59,366 | +€44,747 | +306% |
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 13 October 2026 via checked.be.