RAL 9000: 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 9000
Largest movements
- Tangible fixed assets +€680,030
up €680,030 (+94.7%), from €718,291 to €1.4m
of which Land and buildings: +€689,245
- Cash -€34,756
down €34,756 (-62.0%), from €56,064 to €21,308
mainly Investment in fixed assets (net) (-€742,786) and Receivables within one year (-€21,394)
- Receivables within one year +€21,394
up €21,394 (+740%), from €2,891 to €24,285
of which Trade receivables: +€24,285
- Debts after one year +€647,751
up €647,751 (+119%), from €542,147 to €1.2m
- Depreciation +€19,462
up €19,462 (+45.0%), from €43,293 to €62,755
- Gross operating margin +€14,005
up €14,005 (+14.7%), from €94,978 to €108,983
- Financial charges +€5,995
up €5,995 (+53.2%), from €11,269 to €17,264
- Other operating charges +€3,829
up €3,829 (+38.8%), from €9,872 to €13,701
- Taxes -€1,918
down €1,918 (-37.0%), from €5,182 to €3,264
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 | €777,246 | €1,446,419 | +€669,173 | +86.1% |
| Fixed assets | 21/28 | €718,291 | €1,398,321 | +€680,030 | +94.7% |
| Tangible fixed assets | 22/27 | €718,291 | €1,398,321 | +€680,030 | +94.7% |
| Land and buildings | 22 | €658,181 | €1,347,426 | +€689,245 | +105% |
| Plant, machinery and equipment | 23 | €6,878 | €9,410 | +€2,533 | +36.8% |
| Furniture and vehicles | 24 | €53,231 | €41,484 | -€11,747 | -22.1% |
| Current assets | 29/58 | €58,955 | €48,098 | -€10,857 | -18.4% |
| Amounts receivable within one year | 40/41 | €2,891 | €24,285 | +€21,394 | +740% |
| Trade receivables | 40 | - | €24,285 | +€24,285 | |
| Other amounts receivable | 41 | €2,891 | - | -€2,891 | |
| Cash at bank and in hand | 54/58 | €56,064 | €21,308 | -€34,756 | -62.0% |
| Deferred charges and accrued income | 490/1 | - | €2,505 | +€2,505 | |
| Total equity and liabilities | 10/49 | €777,246 | €1,446,419 | +€669,173 | +86.1% |
| Equity | 10/15 | €101,588 | €113,558 | +€11,970 | +11.8% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €64,088 | €76,058 | +€11,970 | +18.7% |
| Distributable reserves | 133 | €64,088 | €76,058 | +€11,970 | +18.7% |
| Amounts payable | 17/49 | €675,658 | €1,332,861 | +€657,203 | +97.3% |
| Amounts payable after more than one year | 17 | €542,147 | €1,189,897 | +€647,751 | +119% |
| Financial debts | 170/4 | €542,147 | €1,189,897 | +€647,751 | +119% |
| Amounts payable within one year | 42/48 | €133,511 | €142,963 | +€9,452 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €43,068 | €48,863 | +€5,795 | +13.5% |
| Trade debts | 44 | €6,116 | €3,871 | -€2,245 | -36.7% |
| Suppliers | 440/4 | €6,116 | €3,871 | -€2,245 | -36.7% |
| Taxes, remuneration and social security | 45 | €6,114 | €7,252 | +€1,138 | +18.6% |
| Taxes | 450/3 | €6,114 | €7,252 | +€1,138 | +18.6% |
| Other amounts payable | 47/48 | €78,213 | €82,978 | +€4,764 | +6.1% |
| Remuneration, social security and pensions | 62 | - | €28 | +€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,293 | €62,755 | +€19,462 | +45.0% |
| Other operating charges | 640/8 | €9,872 | €13,701 | +€3,829 | +38.8% |
| Gross operating margin | 9900 | €94,978 | €108,983 | +€14,005 | +14.7% |
| Operating profit (loss) | 9901 | €41,813 | €32,498 | -€9,315 | -22.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,269 | €17,264 | +€5,995 | +53.2% |
| Recurring financial charges | 65 | €11,269 | €17,264 | +€5,995 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €30,544 | €15,234 | -€15,310 | -50.1% |
| Income taxes | 67/77 | €5,182 | €3,264 | -€1,918 | -37.0% |
| Profit (loss) for the period | 9904 | €25,362 | €11,970 | -€13,392 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,362 | €11,970 | -€13,392 | -52.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.