Ragna: what changed
Ragna
Largest movements
- Receivables within one year -€57,516
down €57,516 (-98.9%), from €58,177 to €661
of which Trade receivables: -€56,663
- Intangible fixed assets -€10,634
down €10,634 (-52.4%), from €20,298 to €9,664
- Cash +€2,236
up €2,236 (+51.8%), from €4,316 to €6,551
mainly Receivables within one year (+€57,516) and Depreciation (+€10,947)
- Profit (loss) carried forward -€46,162
down €46,162 (-34.9%), from -€132,102 to -€178,264
- Other debts -€20,000
down €20,000 (-9.5%), from €210,932 to €190,932
- Gross operating margin +€59,754
up €59,754 (+90.4%), from -€66,124 to -€6,370
- Depreciation +€668
up €668 (+6.5%), from €10,279 to €10,947
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,300 | €18,074 | -€66,227 | -78.6% |
| Fixed assets | 21/28 | €21,808 | €10,861 | -€10,947 | -50.2% |
| Intangible fixed assets | 21 | €20,298 | €9,664 | -€10,634 | -52.4% |
| Tangible fixed assets | 22/27 | €1,511 | €1,197 | -€313 | -20.7% |
| Furniture and vehicles | 24 | €1,511 | €1,197 | -€313 | -20.7% |
| Current assets | 29/58 | €62,492 | €7,212 | -€55,280 | -88.5% |
| Amounts receivable within one year | 40/41 | €58,177 | €661 | -€57,516 | -98.9% |
| Trade receivables | 40 | €56,663 | €0 | -€56,663 | -100% |
| Other amounts receivable | 41 | €1,514 | €661 | -€853 | -56.3% |
| Cash at bank and in hand | 54/58 | €4,316 | €6,551 | +€2,236 | +51.8% |
| Total equity and liabilities | 10/49 | €84,300 | €18,074 | -€66,227 | -78.6% |
| Equity | 10/15 | -€127,102 | -€173,264 | -€46,162 | -36.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,102 | -€178,264 | -€46,162 | -34.9% |
| Amounts payable | 17/49 | €211,403 | €191,338 | -€20,065 | -9.5% |
| Amounts payable within one year | 42/48 | €211,403 | €191,338 | -€20,065 | -9.5% |
| Trade debts | 44 | €471 | €406 | -€65 | -13.7% |
| Suppliers | 440/4 | €471 | €406 | -€65 | -13.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €210,932 | €190,932 | -€20,000 | -9.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,279 | €10,947 | +€668 | +6.5% |
| Other operating charges | 640/8 | €449 | €400 | -€50 | -11.0% |
| Non-recurring operating charges | 66A | - | €28,278 | +€28,278 | |
| Gross operating margin | 9900 | -€66,124 | -€6,370 | +€59,754 | +90.4% |
| Operating profit (loss) | 9901 | -€76,853 | -€45,995 | +€30,858 | +40.2% |
| Financial charges | 65/66B | €147 | €167 | +€20 | +14.0% |
| Recurring financial charges | 65 | €147 | €167 | +€20 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | -€76,999 | -€46,162 | +€30,837 | +40.0% |
| Profit (loss) for the period | 9904 | -€76,999 | -€46,162 | +€30,837 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,999 | -€46,162 | +€30,837 | +40.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.