RAGEJO: what changed
Two fiscal 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.
RAGEJO
Largest movements
- Cash +€13,272
up €13,272 (+17.2%), from €77,175 to €90,448
mainly Depreciation (+€9,795) and Other debts (+€9,236)
- Tangible fixed assets -€9,795
down €9,795 (-2.6%), from €383,709 to €373,915
of which Land and buildings: -€8,827
- Debts after one year -€12,395
down €12,395 (-33.3%), from €37,184 to €24,789
- Other debts +€9,236
new in 2025: €9,236
- Gross operating margin +€8,997
up €8,997 (+73.1%), from €12,311 to €21,307
- Taxes +€2,980
up €2,980 (+5300.5%), from €56 to €3,036
- Other operating charges -€424
down €424 (-10.0%), from €4,250 to €3,826
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 | €464,010 | €466,054 | +€2,043 | +0.4% |
| Fixed assets | 21/28 | €383,709 | €373,915 | -€9,795 | -2.6% |
| Tangible fixed assets | 22/27 | €383,709 | €373,915 | -€9,795 | -2.6% |
| Land and buildings | 22 | €130,715 | €121,888 | -€8,827 | -6.8% |
| Plant, machinery and equipment | 23 | €901 | €578 | -€322 | -35.8% |
| Furniture and vehicles | 24 | €722 | €77 | -€645 | -89.4% |
| Other tangible fixed assets | 26 | €251,372 | €251,372 | = | 0.0% |
| Current assets | 29/58 | €80,301 | €92,139 | +€11,838 | +14.7% |
| Amounts receivable within one year | 40/41 | €3,126 | €1,692 | -€1,434 | -45.9% |
| Trade receivables | 40 | €1,435 | €104 | -€1,332 | -92.8% |
| Other amounts receivable | 41 | €1,690 | €1,588 | -€102 | -6.1% |
| Cash at bank and in hand | 54/58 | €77,175 | €90,448 | +€13,272 | +17.2% |
| Total equity and liabilities | 10/49 | €464,010 | €466,054 | +€2,043 | +0.4% |
| Equity | 10/15 | €412,560 | €416,922 | +€4,362 | +1.1% |
| Contributions | 10/11 | €200,050 | €200,050 | = | 0.0% |
| Reserves | 13 | €195,850 | €199,962 | +€4,113 | +2.1% |
| Non-distributable reserves | 130/1 | €20,005 | €20,005 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,005 | €20,005 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,587 | €20,550 | -€2,037 | -9.0% |
| Distributable reserves | 133 | €153,257 | €159,407 | +€6,150 | +4.0% |
| Profit (loss) carried forward | 14 | €16,660 | €16,909 | +€249 | +1.5% |
| Provisions and deferred taxes | 16 | €12,792 | €11,603 | -€1,188 | -9.3% |
| Deferred taxes | 168 | €12,792 | €11,603 | -€1,188 | -9.3% |
| Amounts payable | 17/49 | €38,659 | €37,529 | -€1,130 | -2.9% |
| Amounts payable after more than one year | 17 | €37,184 | €24,789 | -€12,395 | -33.3% |
| Financial debts | 170/4 | €37,184 | €24,789 | -€12,395 | -33.3% |
| Amounts payable within one year | 42/48 | €1,475 | €12,740 | +€11,265 | +763.5% |
| Trade debts | 44 | €918 | €37 | -€881 | -96.0% |
| Suppliers | 440/4 | €918 | €37 | -€881 | -96.0% |
| Taxes, remuneration and social security | 45 | €558 | €3,468 | +€2,910 | +521.7% |
| Taxes | 450/3 | €558 | €3,468 | +€2,910 | +521.7% |
| Other amounts payable | 47/48 | - | €9,236 | +€9,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,795 | €9,795 | = | 0.0% |
| Other operating charges | 640/8 | €4,250 | €3,826 | -€424 | -10.0% |
| Gross operating margin | 9900 | €12,311 | €21,307 | +€8,997 | +73.1% |
| Operating profit (loss) | 9901 | -€1,734 | €7,687 | +€9,421 | |
| Financial income | 75/76B | €294 | €421 | +€128 | +43.5% |
| Recurring financial income | 75 | €294 | €421 | +€128 | +43.5% |
| Financial charges | 65/66B | €1,906 | €1,898 | -€8 | -0.4% |
| Recurring financial charges | 65 | €1,906 | €1,898 | -€8 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,346 | €6,210 | +€9,556 | |
| Transfer from deferred taxes | 780 | €1,188 | €1,188 | = | 0.0% |
| Income taxes | 67/77 | €56 | €3,036 | +€2,980 | +5300.5% |
| Profit (loss) for the period | 9904 | -€2,214 | €4,362 | +€6,576 | |
| Transfer from tax-exempt reserves | 789 | €2,037 | €2,037 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€177 | €6,399 | +€6,576 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.