Ragotto: 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.
Ragotto
Largest movements
- Tangible fixed assets -€13,605
down €13,605 (-10.5%), from €130,067 to €116,462
of which Plant, machinery and equipment: -€20,477
- Receivables within one year -€5,862
down €5,862 (-7.0%), from €83,495 to €77,632
of which Trade receivables: -€5,336
- Stocks and contracts +€5,591
up €5,591 (+5.0%), from €112,269 to €117,860
- Profit (loss) carried forward -€13,092
down €13,092 (-17.0%), from €76,873 to €63,781
- Debts after one year -€13,079
down €13,079 (-92.2%), from €14,189 to €1,109
- Trade debts +€9,392
up €9,392 (+94.6%), from €9,927 to €19,319
- Gross operating margin -€78,844
down €78,844 (-76.2%), from €103,477 to €24,633
- Taxes -€19,042
down €19,042 (-98.4%), from €19,359 to €317
- Depreciation +€5,215
up €5,215 (+17.5%), from €29,790 to €35,005
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 | €327,081 | €314,007 | -€13,074 | -4.0% |
| Fixed assets | 21/28 | €130,067 | €116,462 | -€13,605 | -10.5% |
| Tangible fixed assets | 22/27 | €130,067 | €116,462 | -€13,605 | -10.5% |
| Plant, machinery and equipment | 23 | €68,271 | €47,794 | -€20,477 | -30.0% |
| Furniture and vehicles | 24 | €41,728 | €28,409 | -€13,319 | -31.9% |
| Other tangible fixed assets | 26 | €20,068 | €40,259 | +€20,191 | +100.6% |
| Current assets | 29/58 | €197,014 | €197,545 | +€531 | +0.3% |
| Stocks and contracts in progress | 3 | €112,269 | €117,860 | +€5,591 | +5.0% |
| Stocks | 30/36 | €112,269 | €117,860 | +€5,591 | +5.0% |
| Amounts receivable within one year | 40/41 | €83,495 | €77,632 | -€5,862 | -7.0% |
| Trade receivables | 40 | €82,797 | €77,461 | -€5,336 | -6.4% |
| Other amounts receivable | 41 | €698 | €171 | -€527 | -75.5% |
| Cash at bank and in hand | 54/58 | €1,250 | €1,979 | +€729 | +58.3% |
| Deferred charges and accrued income | 490/1 | - | €73 | +€73 | |
| Total equity and liabilities | 10/49 | €327,081 | €314,007 | -€13,074 | -4.0% |
| Equity | 10/15 | €90,459 | €77,367 | -€13,092 | -14.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,186 | €1,186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,186 | €1,186 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,186 | €1,186 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,873 | €63,781 | -€13,092 | -17.0% |
| Amounts payable | 17/49 | €236,621 | €236,639 | +€18 | 0.0% |
| Amounts payable after more than one year | 17 | €14,189 | €1,109 | -€13,079 | -92.2% |
| Financial debts | 170/4 | €14,189 | €1,109 | -€13,079 | -92.2% |
| Amounts payable within one year | 42/48 | €222,433 | €235,530 | +€13,098 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €12,662 | €13,079 | +€418 | +3.3% |
| Trade debts | 44 | €9,927 | €19,319 | +€9,392 | +94.6% |
| Suppliers | 440/4 | €9,927 | €19,319 | +€9,392 | +94.6% |
| Taxes, remuneration and social security | 45 | €26,858 | €29,378 | +€2,521 | +9.4% |
| Taxes | 450/3 | €26,858 | €23,378 | -€3,479 | -13.0% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €172,986 | €173,753 | +€768 | +0.4% |
| Remuneration, social security and pensions | 62 | - | €360 | +€360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,790 | €35,005 | +€5,215 | +17.5% |
| Other operating charges | 640/8 | €390 | €697 | +€307 | +78.6% |
| Gross operating margin | 9900 | €103,477 | €24,633 | -€78,844 | -76.2% |
| Operating profit (loss) | 9901 | €73,297 | -€11,429 | -€84,726 | |
| Financial income | 75/76B | €0 | €399 | +€398 | +92588.4% |
| Recurring financial income | 75 | €0 | €399 | +€398 | +92588.4% |
| Financial charges | 65/66B | €2,257 | €1,745 | -€512 | -22.7% |
| Recurring financial charges | 65 | €2,257 | €1,745 | -€512 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €71,040 | -€12,776 | -€83,816 | |
| Income taxes | 67/77 | €19,359 | €317 | -€19,042 | -98.4% |
| Profit (loss) for the period | 9904 | €51,682 | -€13,092 | -€64,774 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,682 | -€13,092 | -€64,774 |
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 12 October 2026 via checked.be.