Ragna Solutions: 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.
Ragna Solutions
Largest movements
- Receivables within one year +€30,665
up €30,665 (+144%), from €21,327 to €51,992
of which Trade receivables: +€20,690
- Tangible fixed assets -€20,778
down €20,778 (-12.8%), from €162,485 to €141,707
of which Land and buildings: -€31,076
- Current investments +€19,999
new in 2025: €19,999
- Reserves +€39,488
up €39,488 (+45.0%), from €87,820 to €127,308
of which Distributable reserves: +€39,488
- Debts after one year -€21,617
down €21,617 (-34.0%), from €63,599 to €41,983
- Advances received +€12,033
new in 2025: €12,033
- Profit (loss) carried forward -€7,833
down €7,833 (-45.6%), from €17,188 to €9,355
- Other debts +€7,000
up €7,000 (+840%), from €833 to €7,833
- Gross operating margin +€22,107
up €22,107 (+34.4%), from €64,222 to €86,329
- Taxes +€8,819
up €8,819 (+340%), from €2,593 to €11,412
- Financial charges -€903
down €903 (-20.2%), from €4,469 to €3,567
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 | €222,739 | €254,632 | +€31,893 | +14.3% |
| Fixed assets | 21/28 | €162,485 | €141,707 | -€20,778 | -12.8% |
| Tangible fixed assets | 22/27 | €162,485 | €141,707 | -€20,778 | -12.8% |
| Land and buildings | 22 | €161,401 | €130,325 | -€31,076 | -19.3% |
| Plant, machinery and equipment | 23 | €1,084 | €1,165 | +€81 | +7.5% |
| Furniture and vehicles | 24 | - | €10,217 | +€10,217 | |
| Current assets | 29/58 | €60,254 | €112,925 | +€52,671 | +87.4% |
| Amounts receivable within one year | 40/41 | €21,327 | €51,992 | +€30,665 | +144% |
| Trade receivables | 40 | €1,937 | €22,626 | +€20,690 | +1,068% |
| Other amounts receivable | 41 | €19,390 | €29,366 | +€9,975 | +51.4% |
| Current investments | 50/53 | - | €19,999 | +€19,999 | |
| Cash at bank and in hand | 54/58 | €38,096 | €40,318 | +€2,221 | +5.8% |
| Deferred charges and accrued income | 490/1 | €830 | €616 | -€214 | -25.8% |
| Total equity and liabilities | 10/49 | €222,739 | €254,632 | +€31,893 | +14.3% |
| Equity | 10/15 | €123,608 | €155,263 | +€31,655 | +25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,820 | €127,308 | +€39,488 | +45.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,960 | €125,448 | +€39,488 | +45.9% |
| Profit (loss) carried forward | 14 | €17,188 | €9,355 | -€7,833 | -45.6% |
| Amounts payable | 17/49 | €99,131 | €99,369 | +€238 | +0.2% |
| Amounts payable after more than one year | 17 | €63,599 | €41,983 | -€21,617 | -34.0% |
| Financial debts | 170/4 | €63,599 | €41,983 | -€21,617 | -34.0% |
| Amounts payable within one year | 42/48 | €35,532 | €56,941 | +€21,409 | +60.3% |
| Current portion of amounts payable after more than one year | 42 | €20,878 | €21,617 | +€739 | +3.5% |
| Trade debts | 44 | €3,109 | €1,489 | -€1,621 | -52.1% |
| Suppliers | 440/4 | €3,109 | €1,489 | -€1,621 | -52.1% |
| Advances received on contracts in progress | 46 | - | €12,033 | +€12,033 | |
| Taxes, remuneration and social security | 45 | €10,711 | €13,969 | +€3,258 | +30.4% |
| Taxes | 450/3 | €10,711 | €13,969 | +€3,258 | +30.4% |
| Other amounts payable | 47/48 | €833 | €7,833 | +€7,000 | +840% |
| Accrued charges and deferred income | 492/3 | - | €446 | +€446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,916 | €31,821 | -€95 | -0.3% |
| Other operating charges | 640/8 | €1,647 | €1,503 | -€144 | -8.7% |
| Gross operating margin | 9900 | €64,222 | €86,329 | +€22,107 | +34.4% |
| Operating profit (loss) | 9901 | €30,659 | €53,005 | +€22,346 | +72.9% |
| Financial income | 75/76B | €944 | €1,461 | +€517 | +54.7% |
| Recurring financial income | 75 | €944 | €1,461 | +€517 | +54.7% |
| Financial charges | 65/66B | €4,469 | €3,567 | -€903 | -20.2% |
| Recurring financial charges | 65 | €4,469 | €3,567 | -€903 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €27,134 | €50,900 | +€23,766 | +87.6% |
| Income taxes | 67/77 | €2,593 | €11,412 | +€8,819 | +340% |
| Profit (loss) for the period | 9904 | €24,541 | €39,488 | +€14,947 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,541 | €39,488 | +€14,947 | +60.9% |
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 15 October 2026 via checked.be.