RAGAI EXPRESS: 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.
RAGAI EXPRESS
Largest movements
- Receivables within one year +€19,746
up €19,746 (+25.7%), from €76,721 to €96,467
- Cash +€6,134
up €6,134 (+34.9%), from €17,550 to €23,683
mainly Net result for the year (+€14,866) and Trade debts (+€8,594)
- Stocks and contracts -€4,562
down €4,562 (-16.5%), from €27,717 to €23,154
- Profit (loss) carried forward +€14,866
up €14,866 (+16.0%), from €93,098 to €107,964
- Trade debts +€8,594
up €8,594 (+310%), from €2,769 to €11,363
- Short-term financial debts -€3,006
no longer reported in 2025 (was €3,006)
- Financial charges +€5,642
up €5,642 (+4,323%), from €131 to €5,772
- Other operating charges +€3,686
up €3,686 (+237%), from €1,557 to €5,243
- Gross operating margin +€3,153
up €3,153 (+14.1%), from €22,385 to €25,538
- Taxes -€2,094
down €2,094 (-33.7%), from €6,209 to €4,115
- Depreciation -€300
down €300 (-56.1%), from €535 to €235
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 | €130,051 | €151,211 | +€21,159 | +16.3% |
| Fixed assets | 21/28 | €7,960 | €7,725 | -€235 | -2.9% |
| Tangible fixed assets | 22/27 | €5,910 | €5,675 | -€235 | -4.0% |
| Plant, machinery and equipment | 23 | €5,910 | €5,675 | -€235 | -4.0% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €122,092 | €143,486 | +€21,394 | +17.5% |
| Stocks and contracts in progress | 3 | €27,717 | €23,154 | -€4,562 | -16.5% |
| Stocks | 30/36 | €27,717 | €23,154 | -€4,562 | -16.5% |
| Amounts receivable within one year | 40/41 | €76,721 | €96,467 | +€19,746 | +25.7% |
| Other amounts receivable | 41 | €76,721 | €96,467 | +€19,746 | +25.7% |
| Cash at bank and in hand | 54/58 | €17,550 | €23,683 | +€6,134 | +34.9% |
| Deferred charges and accrued income | 490/1 | €104 | €181 | +€77 | +74.5% |
| Total equity and liabilities | 10/49 | €130,051 | €151,211 | +€21,159 | +16.3% |
| Equity | 10/15 | €113,558 | €128,424 | +€14,866 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,098 | €107,964 | +€14,866 | +16.0% |
| Amounts payable | 17/49 | €16,493 | €22,786 | +€6,293 | +38.2% |
| Amounts payable within one year | 42/48 | €16,493 | €22,786 | +€6,293 | +38.2% |
| Financial debts | 43 | €3,006 | - | -€3,006 | |
| Credit institutions | 430/8 | €3,006 | - | -€3,006 | |
| Trade debts | 44 | €2,769 | €11,363 | +€8,594 | +310% |
| Suppliers | 440/4 | €2,769 | €11,363 | +€8,594 | +310% |
| Taxes, remuneration and social security | 45 | €10,719 | €11,424 | +€705 | +6.6% |
| Taxes | 450/3 | €7,969 | €11,424 | +€3,455 | +43.4% |
| Remuneration and social security | 454/9 | €2,750 | - | -€2,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | €235 | -€300 | -56.1% |
| Other operating charges | 640/8 | €1,557 | €5,243 | +€3,686 | +237% |
| Gross operating margin | 9900 | €22,385 | €25,538 | +€3,153 | +14.1% |
| Operating profit (loss) | 9901 | €20,294 | €20,061 | -€233 | -1.1% |
| Financial income | 75/76B | €4,425 | €4,693 | +€267 | +6.0% |
| Recurring financial income | 75 | €4,425 | €4,693 | +€267 | +6.0% |
| Financial charges | 65/66B | €131 | €5,772 | +€5,642 | +4,323% |
| Recurring financial charges | 65 | €131 | €5,772 | +€5,642 | +4,323% |
| Profit (loss) for the period before taxes | 9903 | €24,588 | €18,981 | -€5,607 | -22.8% |
| Income taxes | 67/77 | €6,209 | €4,115 | -€2,094 | -33.7% |
| Profit (loss) for the period | 9904 | €18,379 | €14,866 | -€3,513 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,379 | €14,866 | -€3,513 | -19.1% |
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 20 October 2026 via checked.be.