RA GROUP: 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 GROUP
Largest movements
- Intangible fixed assets -€2,150
down €2,150 (-18.6%), from €11,538 to €9,388
- Cash +€1,783
up €1,783 (+145.5%), from €1,225 to €3,007
mainly Tax, wage and social debts (+€2,533) and Depreciation (+€2,150)
- Receivables within one year -€831
down €831 (-40.1%), from €2,075 to €1,244
of which Trade receivables: -€1,325
- Deferred charges and accrued income -€685
no longer reported in 2025 (was €685)
- Other debts -€4,177
down €4,177 (-11.2%), from €37,160 to €32,983
- Tax, wage and social debts +€2,533
up €2,533 (+366.5%), from €691 to €3,225
- Trade debts -€294
down €294 (-9.4%), from €3,138 to €2,844
- Purchases and services -€18,661
no longer reported in 2025 (was €18,661)
- Gross operating margin +€12,061
up €12,061, from -€5,504 to €6,557
- Other operating charges +€2,973
up €2,973 (+6325.1%), from €47 to €3,020
- Staff costs +€1,000
new in 2025: €1,000
- Depreciation -€537
down €537 (-20.0%), from €2,687 to €2,150
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.
Cash bridge derived
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 | €15,523 | €13,639 | -€1,884 | -12.1% |
| Fixed assets | 21/28 | €11,538 | €9,388 | -€2,150 | -18.6% |
| Intangible fixed assets | 21 | €11,538 | €9,388 | -€2,150 | -18.6% |
| Current assets | 29/58 | €3,985 | €4,251 | +€266 | +6.7% |
| Amounts receivable within one year | 40/41 | €2,075 | €1,244 | -€831 | -40.1% |
| Trade receivables | 40 | €2,075 | €750 | -€1,325 | -63.9% |
| Other amounts receivable | 41 | - | €494 | +€494 | |
| Cash at bank and in hand | 54/58 | €1,225 | €3,007 | +€1,783 | +145.5% |
| Deferred charges and accrued income | 490/1 | €685 | - | -€685 | |
| Total equity and liabilities | 10/49 | €15,523 | €13,639 | -€1,884 | -12.1% |
| Equity | 10/15 | -€25,466 | -€25,412 | +€54 | +0.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,466 | -€50,412 | +€54 | +0.1% |
| Amounts payable | 17/49 | €40,989 | €39,051 | -€1,938 | -4.7% |
| Amounts payable within one year | 42/48 | €40,989 | €39,051 | -€1,938 | -4.7% |
| Trade debts | 44 | €3,138 | €2,844 | -€294 | -9.4% |
| Suppliers | 440/4 | €3,138 | €2,844 | -€294 | -9.4% |
| Taxes, remuneration and social security | 45 | €691 | €3,225 | +€2,533 | +366.5% |
| Taxes | 450/3 | €691 | €3,225 | +€2,533 | +366.5% |
| Other amounts payable | 47/48 | €37,160 | €32,983 | -€4,177 | -11.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,661 | - | -€18,661 | |
| Remuneration, social security and pensions | 62 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,687 | €2,150 | -€537 | -20.0% |
| Other operating charges | 640/8 | €47 | €3,020 | +€2,973 | +6325.1% |
| Gross operating margin | 9900 | -€5,504 | €6,557 | +€12,061 | |
| Operating profit (loss) | 9901 | -€8,238 | €388 | +€8,626 | |
| Financial charges | 65/66B | €299 | €132 | -€168 | -56.0% |
| Recurring financial charges | 65 | €299 | €132 | -€168 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,537 | €256 | +€8,793 | |
| Income taxes | 67/77 | - | €202 | +€202 | |
| Profit (loss) for the period | 9904 | -€8,537 | €54 | +€8,592 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,537 | €54 | +€8,592 |
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 11 October 2026 via checked.be.