RAL: 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.
RAL
Largest movements
- Cash +€62,687
up €62,687 (+58.9%), from €106,466 to €169,152
mainly Net result for the year (+€68,823) and Receivables within one year (+€8,952)
- Receivables within one year -€8,952
down €8,952 (-93.1%), from €9,613 to €662
of which Trade receivables: -€7,173
- Deferred charges and accrued income -€5,264
down €5,264 (-100%), from €5,264 to €0
- Tangible fixed assets -€4,008
down €4,008 (-100%), from €4,008 to €0
- Reserves +€68,823
up €68,823 (+83.5%), from €82,395 to €151,218
- Other debts -€14,198
down €14,198 (-100%), from €14,198 to €0
- Tax, wage and social debts -€8,361
down €8,361 (-100%), from €8,361 to €0
- Trade debts -€1,852
down €1,852 (-99.8%), from €1,855 to €4
- Gross operating margin +€62,066
up €62,066 (+132%), from €46,858 to €108,924
- Taxes +€23,421
up €23,421 (+280%), from €8,361 to €31,782
- Other operating charges -€5,134
down €5,134 (-40.8%), from €12,581 to €7,448
- Depreciation -€1,786
down €1,786 (-100%), from €1,786 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,401 | €169,814 | +€44,413 | +35.4% |
| Fixed assets | 21/28 | €4,058 | €0 | -€4,058 | -100% |
| Tangible fixed assets | 22/27 | €4,008 | €0 | -€4,008 | -100% |
| Furniture and vehicles | 24 | €4,008 | €0 | -€4,008 | -100% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100% |
| Current assets | 29/58 | €121,343 | €169,814 | +€48,471 | +39.9% |
| Amounts receivable within one year | 40/41 | €9,613 | €662 | -€8,952 | -93.1% |
| Trade receivables | 40 | €7,173 | €0 | -€7,173 | -100% |
| Other amounts receivable | 41 | €2,440 | €662 | -€1,779 | -72.9% |
| Cash at bank and in hand | 54/58 | €106,466 | €169,152 | +€62,687 | +58.9% |
| Deferred charges and accrued income | 490/1 | €5,264 | €0 | -€5,264 | -100% |
| Total equity and liabilities | 10/49 | €125,401 | €169,814 | +€44,413 | +35.4% |
| Equity | 10/15 | €100,987 | €169,810 | +€68,823 | +68.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €82,395 | €151,218 | +€68,823 | +83.5% |
| Distributable reserves | 133 | €82,395 | €151,218 | +€68,823 | +83.5% |
| Amounts payable | 17/49 | €24,414 | €4 | -€24,410 | -100.0% |
| Amounts payable within one year | 42/48 | €24,414 | €4 | -€24,410 | -100.0% |
| Trade debts | 44 | €1,855 | €4 | -€1,852 | -99.8% |
| Suppliers | 440/4 | €1,855 | €4 | -€1,852 | -99.8% |
| Taxes, remuneration and social security | 45 | €8,361 | €0 | -€8,361 | -100% |
| Taxes | 450/3 | €8,361 | €0 | -€8,361 | -100% |
| Other amounts payable | 47/48 | €14,198 | €0 | -€14,198 | -100% |
| Non-recurring operating income | 76A | - | €70,565 | +€70,565 | |
| Remuneration, social security and pensions | 62 | €703 | €356 | -€347 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,786 | €0 | -€1,786 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,581 | €7,448 | -€5,134 | -40.8% |
| Gross operating margin | 9900 | €46,858 | €108,924 | +€62,066 | +132% |
| Operating profit (loss) | 9901 | €31,788 | €101,121 | +€69,333 | +218% |
| Financial income | 75/76B | €32 | €0 | -€32 | -100.0% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -100.0% |
| Financial charges | 65/66B | €417 | €515 | +€98 | +23.6% |
| Recurring financial charges | 65 | €417 | €515 | +€98 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €31,403 | €100,605 | +€69,202 | +220% |
| Income taxes | 67/77 | €8,361 | €31,782 | +€23,421 | +280% |
| Profit (loss) for the period | 9904 | €23,042 | €68,823 | +€45,781 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €23,042 | €68,823 | +€45,781 | +199% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.