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
- Tangible fixed assets +€273,903
up €273,903 (+3,256%), from €8,411 to €282,314
of which Assets under construction and advance payments: +€272,064
- Receivables within one year +€262,496
up €262,496 (+5,522%), from €4,754 to €267,250
of which Other amounts receivable: +€257,188
- Cash -€89,188
down €89,188 (-26.3%), from €339,040 to €249,853
mainly Investment in fixed assets (net) (-€281,519) and Receivables within one year (-€262,496)
- Reserves +€428,256
up €428,256 (+123%), from €347,933 to €776,189
- Provisions +€27,348
new in 2025: €27,348
- Financial income +€171,965
up €171,965 (+68.5%), from €251,035 to €423,000
- Gross operating margin +€34,016
up €34,016 (+55.2%), from €61,587 to €95,603
- Provisions +€27,348
new in 2025: €27,348
- Financial charges -€4,530
down €4,530 (-96.8%), from €4,679 to €150
- Taxes -€4,500
down €4,500 (-28.2%), from €15,980 to €11,480
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 | €388,833 | €842,506 | +€453,674 | +117% |
| Fixed assets | 21/28 | €43,811 | €321,714 | +€277,903 | +634% |
| Tangible fixed assets | 22/27 | €8,411 | €282,314 | +€273,903 | +3,256% |
| Furniture and vehicles | 24 | €5,997 | €3,857 | -€2,140 | -35.7% |
| Other tangible fixed assets | 26 | €2,414 | €6,394 | +€3,980 | +165% |
| Assets under construction and advance payments | 27 | - | €272,064 | +€272,064 | |
| Financial fixed assets | 28 | €35,400 | €39,400 | +€4,000 | +11.3% |
| Current assets | 29/58 | €345,022 | €520,792 | +€175,771 | +50.9% |
| Amounts receivable within one year | 40/41 | €4,754 | €267,250 | +€262,496 | +5,522% |
| Trade receivables | 40 | €4,459 | €9,768 | +€5,308 | +119% |
| Other amounts receivable | 41 | €295 | €257,482 | +€257,188 | +87,313% |
| Cash at bank and in hand | 54/58 | €339,040 | €249,853 | -€89,188 | -26.3% |
| Deferred charges and accrued income | 490/1 | €1,227 | €3,689 | +€2,462 | +201% |
| Total equity and liabilities | 10/49 | €388,833 | €842,506 | +€453,674 | +117% |
| Equity | 10/15 | €347,933 | €776,189 | +€428,256 | +123% |
| Reserves | 13 | €347,933 | €776,189 | +€428,256 | +123% |
| Distributable reserves | 133 | €347,933 | €776,189 | +€428,256 | +123% |
| Provisions and deferred taxes | 16 | - | €27,348 | +€27,348 | |
| Provisions for liabilities and charges | 160/5 | - | €27,348 | +€27,348 | |
| Other liabilities and charges | 164/5 | - | €27,348 | +€27,348 | |
| Amounts payable | 17/49 | €40,899 | €38,969 | -€1,930 | -4.7% |
| Amounts payable within one year | 42/48 | €36,945 | €30,076 | -€6,869 | -18.6% |
| Trade debts | 44 | €510 | €1,956 | +€1,446 | +284% |
| Suppliers | 440/4 | €510 | €1,956 | +€1,446 | +284% |
| Taxes, remuneration and social security | 45 | €21,951 | €18,152 | -€3,798 | -17.3% |
| Taxes | 450/3 | €21,951 | €18,152 | -€3,798 | -17.3% |
| Other amounts payable | 47/48 | €14,485 | €9,968 | -€4,517 | -31.2% |
| Accrued charges and deferred income | 492/3 | €3,954 | €8,893 | +€4,939 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,411 | €3,616 | +€1,205 | +50.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €27,348 | +€27,348 | |
| Other operating charges | 640/8 | €732 | €754 | +€22 | +3.0% |
| Gross operating margin | 9900 | €61,587 | €95,603 | +€34,016 | +55.2% |
| Operating profit (loss) | 9901 | €58,444 | €63,885 | +€5,442 | +9.3% |
| Financial income | 75/76B | €251,035 | €423,000 | +€171,965 | +68.5% |
| Recurring financial income | 75 | €251,035 | €423,000 | +€171,965 | +68.5% |
| Financial charges | 65/66B | €4,679 | €150 | -€4,530 | -96.8% |
| Recurring financial charges | 65 | €4,679 | €150 | -€4,530 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €304,800 | €486,736 | +€181,936 | +59.7% |
| Income taxes | 67/77 | €15,980 | €11,480 | -€4,500 | -28.2% |
| Profit (loss) for the period | 9904 | €288,820 | €475,256 | +€186,436 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €288,820 | €475,256 | +€186,436 | +64.6% |
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 25 October 2026 via checked.be.