RAGO TRANS: 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.
RAGO TRANS
Largest movements
- Tangible fixed assets +€97,719
up €97,719 (+34.6%), from €282,417 to €380,136
of which Furniture and vehicles: +€149,817
- Receivables within one year +€87,163
up €87,163 (+42.1%), from €206,844 to €294,008
of which Trade receivables: +€90,467
- Cash -€82,523
down €82,523 (-63.2%), from €130,542 to €48,019
mainly Investment in fixed assets (net) (-€172,000) and Receivables within one year (-€87,163)
- Debts after one year +€71,611
up €71,611 (+42.1%), from €170,286 to €241,897
- Trade debts -€48,111
down €48,111 (-23.5%), from €204,722 to €156,612
- Tax, wage and social debts +€34,477
up €34,477 (+201%), from €17,188 to €51,664
of which Taxes: +€29,238
- Current portion of long-term debt +€18,903
up €18,903 (+53.4%), from €35,412 to €54,316
- Accrued charges and deferred income +€9,742
up €9,742 (+649%), from €1,500 to €11,242
- Gross operating margin +€88,027
up €88,027 (+47.9%), from €183,760 to €271,787
- Depreciation +€41,732
up €41,732 (+128%), from €32,549 to €74,281
- Staff costs +€37,830
up €37,830 (+27.6%), from €136,885 to €174,715
- Financial charges +€8,486
up €8,486 (+99.1%), from €8,567 to €17,053
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 | €636,338 | €736,477 | +€100,140 | +15.7% |
| Fixed assets | 21/28 | €282,552 | €380,271 | +€97,719 | +34.6% |
| Tangible fixed assets | 22/27 | €282,417 | €380,136 | +€97,719 | +34.6% |
| Plant, machinery and equipment | 23 | €169,836 | €138,945 | -€30,891 | -18.2% |
| Furniture and vehicles | 24 | €25,425 | €175,242 | +€149,817 | +589% |
| Leasing and similar rights | 25 | €87,156 | €65,949 | -€21,207 | -24.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €353,786 | €356,207 | +€2,421 | +0.7% |
| Amounts receivable within one year | 40/41 | €206,844 | €294,008 | +€87,163 | +42.1% |
| Trade receivables | 40 | €203,540 | €294,008 | +€90,467 | +44.4% |
| Other amounts receivable | 41 | €3,304 | €0 | -€3,304 | -100% |
| Cash at bank and in hand | 54/58 | €130,542 | €48,019 | -€82,523 | -63.2% |
| Deferred charges and accrued income | 490/1 | €16,400 | €14,180 | -€2,220 | -13.5% |
| Total equity and liabilities | 10/49 | €636,338 | €736,477 | +€100,140 | +15.7% |
| Equity | 10/15 | €86,295 | €90,593 | +€4,297 | +5.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €72,035 | €76,333 | +€4,297 | +6.0% |
| Distributable reserves | 133 | €72,035 | €76,333 | +€4,297 | +6.0% |
| Amounts payable | 17/49 | €550,043 | €645,885 | +€95,842 | +17.4% |
| Amounts payable after more than one year | 17 | €170,286 | €241,897 | +€71,611 | +42.1% |
| Financial debts | 170/4 | €170,286 | €241,897 | +€71,611 | +42.1% |
| Amounts payable within one year | 42/48 | €378,257 | €392,746 | +€14,489 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €35,412 | €54,316 | +€18,903 | +53.4% |
| Financial debts | 43 | €49,600 | €49,600 | = | 0.0% |
| Credit institutions | 430/8 | €49,600 | €49,600 | = | 0.0% |
| Trade debts | 44 | €204,722 | €156,612 | -€48,111 | -23.5% |
| Suppliers | 440/4 | €204,722 | €156,612 | -€48,111 | -23.5% |
| Taxes, remuneration and social security | 45 | €17,188 | €51,664 | +€34,477 | +201% |
| Taxes | 450/3 | €10,217 | €39,455 | +€29,238 | +286% |
| Remuneration and social security | 454/9 | €6,970 | €12,210 | +€5,239 | +75.2% |
| Other amounts payable | 47/48 | €71,334 | €80,554 | +€9,220 | +12.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €11,242 | +€9,742 | +649% |
| Non-recurring operating income | 76A | €87 | €0 | -€87 | -100% |
| Remuneration, social security and pensions | 62 | €136,885 | €174,715 | +€37,830 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,549 | €74,281 | +€41,732 | +128% |
| Other operating charges | 640/8 | €1,389 | €1,549 | +€160 | +11.5% |
| Gross operating margin | 9900 | €183,760 | €271,787 | +€88,027 | +47.9% |
| Operating profit (loss) | 9901 | €12,937 | €21,242 | +€8,305 | +64.2% |
| Financial income | 75/76B | €64 | €109 | +€45 | +70.7% |
| Recurring financial income | 75 | €64 | €109 | +€45 | +70.7% |
| Financial charges | 65/66B | €8,567 | €17,053 | +€8,486 | +99.1% |
| Recurring financial charges | 65 | €8,567 | €17,053 | +€8,486 | +99.1% |
| Profit (loss) for the period before taxes | 9903 | €4,434 | €4,297 | -€136 | -3.1% |
| Income taxes | 67/77 | €458 | €0 | -€458 | -100% |
| Profit (loss) for the period | 9904 | €3,975 | €4,297 | +€322 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,975 | €4,297 | +€322 | +8.1% |
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 13 October 2026 via checked.be.