Ralcoat DNF: 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.
What changed
Ralcoat DNF
NACE 25.510, Coating of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€59,296
2024 · €8,334-€67,629
Equity
€136,927
2024 · €196,223-€59,296
Cash
€16,633
2024 · €12,983+€3,649
Balance sheet total
€2.3m
2024 · €2.4m-€77,313
Largest movements
Assets
- Tangible fixed assets -€73,591
down €73,591 (-7.2%), from €1.0m to €946,486
of which Plant, machinery and equipment: -€75,102
Equity and liabilities
- Profit (loss) carried forward -€59,296
down €59,296 (-67.8%), from -€87,508 to -€146,804
- Debts after one year -€41,313
down €41,313 (-9.8%), from €423,469 to €382,156
Income statement
- Gross operating margin -€37,732
down €37,732 (-17.0%), from €222,545 to €184,813
- Other operating charges +€32,503
up €32,503 (+610%), from €5,333 to €37,835
- Financial income +€29,541
up €29,541 (+150%), from €19,722 to €49,263
- Depreciation +€15,616
up €15,616 (+14.5%), from €107,420 to €123,036
- Staff costs +€8,951
up €8,951 (+10.4%), from €86,125 to €95,076
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.
Result 2024
€8,334
Gross operating margin
-€37,732
Staff costs
-€8,951
Depreciation
-€15,616
Other operating charges
-€32,503
Financial income
+€29,541
Financial charges
-€2,369
Result 2025
-€59,296
raises the resultlowers the result
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.
From operations
+€92,495
Investment
-€48,889
Financing
-€39,957
Cash 2024
€12,983
From operations (derived)
+€92,495
Net result for the year
-€59,296
Depreciation
+€123,036
Stocks and contracts
-€8,500
Receivables within one year
+€17,202
Deferred charges and accrued income
-€1,887
Trade debts
+€22,616
Tax, wage and social debts
-€435
Accrued charges and deferred income
-€242
Investment (derived)
-€48,889
Investment in fixed assets (net)
-€48,889
Financing
-€39,957
Debts after one year
-€41,313
Current portion of long-term debt
+€1,356
Cash 2025
€16,633
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,414,895 | €2,337,582 | -€77,313 | -3.2% |
| Fixed assets | 21/28 | €1,020,732 | €946,584 | -€74,148 | -7.3% |
| Intangible fixed assets | 21 | €155 | €98 | -€57 | -36.8% |
| Tangible fixed assets | 22/27 | €1,020,077 | €946,486 | -€73,591 | -7.2% |
| Plant, machinery and equipment | 23 | €1,002,009 | €926,906 | -€75,102 | -7.5% |
| Furniture and vehicles | 24 | €4,556 | €3,315 | -€1,240 | -27.2% |
| Other tangible fixed assets | 26 | €13,512 | €16,265 | +€2,752 | +20.4% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €1,394,163 | €1,390,998 | -€3,165 | -0.2% |
| Stocks and contracts in progress | 3 | €148,100 | €156,600 | +€8,500 | +5.7% |
| Stocks | 30/36 | €148,100 | €156,600 | +€8,500 | +5.7% |
| Amounts receivable within one year | 40/41 | €1,156,459 | €1,139,258 | -€17,202 | -1.5% |
| Trade receivables | 40 | €447,471 | €447,346 | -€126 | 0.0% |
| Other amounts receivable | 41 | €708,988 | €691,912 | -€17,076 | -2.4% |
| Cash at bank and in hand | 54/58 | €12,983 | €16,633 | +€3,649 | +28.1% |
| Deferred charges and accrued income | 490/1 | €76,620 | €78,507 | +€1,887 | +2.5% |
| Total equity and liabilities | 10/49 | €2,414,895 | €2,337,582 | -€77,313 | -3.2% |
| Equity | 10/15 | €196,223 | €136,927 | -€59,296 | -30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €263,271 | €263,271 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,508 | -€146,804 | -€59,296 | -67.8% |
| Amounts payable | 17/49 | €2,218,672 | €2,200,655 | -€18,017 | -0.8% |
| Amounts payable after more than one year | 17 | €423,469 | €382,156 | -€41,313 | -9.8% |
| Financial debts | 170/4 | €423,469 | €382,156 | -€41,313 | -9.8% |
| Amounts payable within one year | 42/48 | €1,789,930 | €1,813,468 | +€23,537 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €42,944 | €44,300 | +€1,356 | +3.2% |
| Financial debts | 43 | €310,000 | €310,000 | = | 0.0% |
| Credit institutions | 430/8 | €310,000 | €310,000 | = | 0.0% |
| Trade debts | 44 | €557,031 | €579,648 | +€22,616 | +4.1% |
| Suppliers | 440/4 | €557,031 | €579,648 | +€22,616 | +4.1% |
| Taxes, remuneration and social security | 45 | €42,290 | €41,854 | -€435 | -1.0% |
| Taxes | 450/3 | €23,296 | €18,640 | -€4,656 | -20.0% |
| Remuneration and social security | 454/9 | €18,994 | €23,214 | +€4,220 | +22.2% |
| Other amounts payable | 47/48 | €837,666 | €837,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,273 | €5,031 | -€242 | -4.6% |
| Remuneration, social security and pensions | 62 | €86,125 | €95,076 | +€8,951 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,420 | €123,036 | +€15,616 | +14.5% |
| Other operating charges | 640/8 | €5,333 | €37,835 | +€32,503 | +610% |
| Gross operating margin | 9900 | €222,545 | €184,813 | -€37,732 | -17.0% |
| Operating profit (loss) | 9901 | €23,667 | -€71,135 | -€94,802 | |
| Financial income | 75/76B | €19,722 | €49,263 | +€29,541 | +150% |
| Recurring financial income | 75 | €19,722 | €49,263 | +€29,541 | +150% |
| Financial charges | 65/66B | €35,055 | €37,424 | +€2,369 | +6.8% |
| Recurring financial charges | 65 | €35,055 | €37,424 | +€2,369 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €8,334 | -€59,296 | -€67,629 | |
| Profit (loss) for the period | 9904 | €8,334 | -€59,296 | -€67,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,334 | -€59,296 | -€67,629 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.