RAGNAR & RUBY: 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.
RAGNAR & RUBY
Largest movements
- Receivables within one year +€29,649
up €29,649 (+74.5%), from €39,815 to €69,464
of which Other amounts receivable: +€32,898
- Cash -€17,504
no longer reported in 2025 (was €17,504)
mainly Receivables within one year (-€29,649) and Investment in fixed assets (net) (-€1,043)
- Tangible fixed assets +€1,043
new in 2025: €1,043
- Short-term financial debts +€9,875
new in 2025: €9,875
- Trade debts +€2,341
up €2,341 (+101%), from €2,316 to €4,657
- Profit (loss) carried forward +€996
up €996 (+10.6%), from €9,409 to €10,404
- Gross operating margin -€10,908
down €10,908 (-71.0%), from €15,361 to €4,454
- Taxes -€4,746
down €4,746 (-61.8%), from €7,676 to €2,930
- Financial charges +€210
up €210 (+65.9%), from €318 to €528
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 | €57,319 | €70,507 | +€13,188 | +23.0% |
| Fixed assets | 21/28 | - | €1,043 | +€1,043 | |
| Tangible fixed assets | 22/27 | - | €1,043 | +€1,043 | |
| Furniture and vehicles | 24 | - | €1,043 | +€1,043 | |
| Current assets | 29/58 | €57,319 | €69,464 | +€12,145 | +21.2% |
| Amounts receivable within one year | 40/41 | €39,815 | €69,464 | +€29,649 | +74.5% |
| Trade receivables | 40 | €17,054 | €13,805 | -€3,249 | -19.1% |
| Other amounts receivable | 41 | €22,761 | €55,659 | +€32,898 | +145% |
| Cash at bank and in hand | 54/58 | €17,504 | - | -€17,504 | |
| Total equity and liabilities | 10/49 | €57,319 | €70,507 | +€13,188 | +23.0% |
| Equity | 10/15 | €42,521 | €43,516 | +€996 | +2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,712 | €20,712 | = | 0.0% |
| Distributable reserves | 133 | €20,712 | €20,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,409 | €10,404 | +€996 | +10.6% |
| Amounts payable | 17/49 | €14,798 | €26,990 | +€12,192 | +82.4% |
| Amounts payable within one year | 42/48 | €14,798 | €26,740 | +€11,942 | +80.7% |
| Financial debts | 43 | - | €9,875 | +€9,875 | |
| Credit institutions | 430/8 | - | €9,875 | +€9,875 | |
| Trade debts | 44 | €2,316 | €4,657 | +€2,341 | +101% |
| Suppliers | 440/4 | €2,316 | €4,657 | +€2,341 | +101% |
| Taxes, remuneration and social security | 45 | €12,481 | €12,209 | -€273 | -2.2% |
| Taxes | 450/3 | €12,481 | €10,607 | -€1,875 | -15.0% |
| Remuneration and social security | 454/9 | - | €1,602 | +€1,602 | |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Gross operating margin | 9900 | €15,361 | €4,454 | -€10,908 | -71.0% |
| Operating profit (loss) | 9901 | €15,361 | €4,454 | -€10,908 | -71.0% |
| Financial charges | 65/66B | €318 | €528 | +€210 | +65.9% |
| Recurring financial charges | 65 | €318 | €528 | +€210 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | €15,043 | €3,926 | -€11,117 | -73.9% |
| Income taxes | 67/77 | €7,676 | €2,930 | -€4,746 | -61.8% |
| Profit (loss) for the period | 9904 | €7,367 | €996 | -€6,371 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,367 | €996 | -€6,371 | -86.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.