RALESA: 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.
RALESA
Largest movements
- Tangible fixed assets -€11,730
down €11,730 (-37.0%), from €31,718 to €19,989
of which Furniture and vehicles: -€12,772
- Cash +€11,501
up €11,501 (+497.5%), from €2,312 to €13,813
mainly Depreciation (+€12,680) and Tax, wage and social debts (+€9,826)
- Receivables within one year -€2,360
down €2,360 (-11.9%), from €19,773 to €17,413
of which Other amounts receivable: -€2,516
- Tax, wage and social debts +€9,826
up €9,826 (+159.4%), from €6,166 to €15,992
of which Taxes: +€7,213
- Other debts -€6,189
down €6,189 (-91.7%), from €6,752 to €562
- Current portion of long-term debt -€4,723
down €4,723 (-66.6%), from €7,097 to €2,373
- Debts after one year -€2,373
down €2,373 (-100.0%), from €2,373 to €0
- Profit (loss) carried forward +€1,299
up €1,299 (+66.2%), from -€1,962 to -€663
- Gross operating margin -€1,877
down €1,877 (-8.0%), from €23,331 to €21,454
- Financial charges +€1,635
up €1,635 (+113.3%), from €1,443 to €3,078
- Depreciation +€901
up €901 (+7.6%), from €11,779 to €12,680
- Taxes -€757
down €757 (-16.2%), from €4,671 to €3,914
- Other operating charges -€519
down €519 (-50.6%), from €1,025 to €506
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 | €57,685 | €55,665 | -€2,020 | -3.5% |
| Fixed assets | 21/28 | €31,718 | €19,989 | -€11,730 | -37.0% |
| Tangible fixed assets | 22/27 | €31,718 | €19,989 | -€11,730 | -37.0% |
| Land and buildings | 22 | €2,019 | €1,346 | -€673 | -33.3% |
| Plant, machinery and equipment | 23 | - | €3,043 | +€3,043 | |
| Furniture and vehicles | 24 | €20,545 | €7,773 | -€12,772 | -62.2% |
| Other tangible fixed assets | 26 | €9,154 | €7,826 | -€1,328 | -14.5% |
| Current assets | 29/58 | €25,967 | €35,676 | +€9,710 | +37.4% |
| Amounts receivable within one year | 40/41 | €19,773 | €17,413 | -€2,360 | -11.9% |
| Trade receivables | 40 | €13,838 | €13,993 | +€156 | +1.1% |
| Other amounts receivable | 41 | €5,935 | €3,420 | -€2,516 | -42.4% |
| Cash at bank and in hand | 54/58 | €2,312 | €13,813 | +€11,501 | +497.5% |
| Deferred charges and accrued income | 490/1 | €3,882 | €4,450 | +€568 | +14.6% |
| Total equity and liabilities | 10/49 | €57,685 | €55,665 | -€2,020 | -3.5% |
| Equity | 10/15 | €30,949 | €32,248 | +€1,299 | +4.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,511 | €20,511 | = | 0.0% |
| Distributable reserves | 133 | €20,511 | €20,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,962 | -€663 | +€1,299 | +66.2% |
| Amounts payable | 17/49 | €26,736 | €23,417 | -€3,319 | -12.4% |
| Amounts payable after more than one year | 17 | €2,373 | €0 | -€2,373 | -100.0% |
| Financial debts | 170/4 | €2,373 | €0 | -€2,373 | -100.0% |
| Amounts payable within one year | 42/48 | €24,362 | €23,417 | -€946 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €7,097 | €2,373 | -€4,723 | -66.6% |
| Trade debts | 44 | €4,348 | €4,489 | +€141 | +3.2% |
| Suppliers | 440/4 | €4,348 | €4,489 | +€141 | +3.2% |
| Taxes, remuneration and social security | 45 | €6,166 | €15,992 | +€9,826 | +159.4% |
| Taxes | 450/3 | €4,515 | €11,728 | +€7,213 | +159.7% |
| Remuneration and social security | 454/9 | €1,651 | €4,264 | +€2,613 | +158.3% |
| Other amounts payable | 47/48 | €6,752 | €562 | -€6,189 | -91.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,779 | €12,680 | +€901 | +7.6% |
| Other operating charges | 640/8 | €1,025 | €506 | -€519 | -50.6% |
| Non-recurring operating charges | 66A | €300 | €0 | -€300 | -100.0% |
| Gross operating margin | 9900 | €23,331 | €21,454 | -€1,877 | -8.0% |
| Operating profit (loss) | 9901 | €10,227 | €8,268 | -€1,959 | -19.2% |
| Financial income | 75/76B | €131 | €23 | -€109 | -82.9% |
| Recurring financial income | 75 | €131 | €23 | -€109 | -82.9% |
| Financial charges | 65/66B | €1,443 | €3,078 | +€1,635 | +113.3% |
| Recurring financial charges | 65 | €1,443 | €3,078 | +€1,635 | +113.3% |
| Profit (loss) for the period before taxes | 9903 | €8,916 | €5,213 | -€3,703 | -41.5% |
| Income taxes | 67/77 | €4,671 | €3,914 | -€757 | -16.2% |
| Profit (loss) for the period | 9904 | €4,245 | €1,299 | -€2,946 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,245 | €1,299 | -€2,946 | -69.4% |
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 10 October 2026 via checked.be.