RALINSHA: 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.
RALINSHA
Largest movements
- Tangible fixed assets +€32,319
up €32,319 (+73.4%), from €44,053 to €76,372
of which Leasing and similar rights: +€32,709
- Deferred charges and accrued income +€11,796
up €11,796 (+1,433%), from €823 to €12,619
- Stocks and contracts -€4,639
down €4,639 (-40.3%), from €11,503 to €6,865
- Cash +€1,685
up €1,685 (+7.5%), from €22,555 to €24,240
mainly Debts after one year (+€20,767) and Depreciation (+€12,454)
- Debts after one year +€20,767
up €20,767 (+93.4%), from €22,226 to €42,993
- Reserves +€12,259
up €12,259 (+869%), from €1,410 to €13,669
- Tax, wage and social debts +€7,059
up €7,059 (+67.5%), from €10,457 to €17,517
of which Taxes: +€6,585
- Trade debts +€3,855
up €3,855 (+58.4%), from €6,605 to €10,460
- Other debts -€3,249
down €3,249 (-8.8%), from €36,817 to €33,569
- Gross operating margin +€36,954
up €36,954 (+66.5%), from €55,578 to €92,532
- Staff costs +€17,150
up €17,150 (+42.5%), from €40,328 to €57,478
- Depreciation +€6,317
up €6,317 (+103%), from €6,137 to €12,454
- Taxes +€3,287
up €3,287 (+315%), from €1,044 to €4,331
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 | €89,492 | €130,676 | +€41,185 | +46.0% |
| Fixed assets | 21/28 | €54,553 | €86,872 | +€32,319 | +59.2% |
| Tangible fixed assets | 22/27 | €44,053 | €76,372 | +€32,319 | +73.4% |
| Plant, machinery and equipment | 23 | €3,375 | €4,826 | +€1,451 | +43.0% |
| Furniture and vehicles | 24 | €24,194 | €20,377 | -€3,817 | -15.8% |
| Leasing and similar rights | 25 | - | €32,709 | +€32,709 | |
| Other tangible fixed assets | 26 | €16,484 | €18,459 | +€1,975 | +12.0% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €34,939 | €43,805 | +€8,866 | +25.4% |
| Stocks and contracts in progress | 3 | €11,503 | €6,865 | -€4,639 | -40.3% |
| Stocks | 30/36 | €11,503 | €6,865 | -€4,639 | -40.3% |
| Amounts receivable within one year | 40/41 | €57 | €81 | +€24 | +42.4% |
| Trade receivables | 40 | - | €15 | +€15 | |
| Other amounts receivable | 41 | €57 | €66 | +€9 | +16.1% |
| Cash at bank and in hand | 54/58 | €22,555 | €24,240 | +€1,685 | +7.5% |
| Deferred charges and accrued income | 490/1 | €823 | €12,619 | +€11,796 | +1,433% |
| Total equity and liabilities | 10/49 | €89,492 | €130,676 | +€41,185 | +46.0% |
| Equity | 10/15 | €6,410 | €18,669 | +€12,259 | +191% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,410 | €13,669 | +€12,259 | +869% |
| Distributable reserves | 133 | €1,410 | €13,669 | +€12,259 | +869% |
| Amounts payable | 17/49 | €83,082 | €112,008 | +€28,926 | +34.8% |
| Amounts payable after more than one year | 17 | €22,226 | €42,993 | +€20,767 | +93.4% |
| Financial debts | 170/4 | €22,226 | €42,993 | +€20,767 | +93.4% |
| Amounts payable within one year | 42/48 | €60,855 | €69,015 | +€8,159 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €6,975 | €7,412 | +€437 | +6.3% |
| Financial debts | 43 | - | €57 | +€57 | |
| Other loans | 439 | - | €57 | +€57 | |
| Trade debts | 44 | €6,605 | €10,460 | +€3,855 | +58.4% |
| Suppliers | 440/4 | €6,605 | €10,460 | +€3,855 | +58.4% |
| Taxes, remuneration and social security | 45 | €10,457 | €17,517 | +€7,059 | +67.5% |
| Taxes | 450/3 | €4,950 | €11,535 | +€6,585 | +133% |
| Remuneration and social security | 454/9 | €5,507 | €5,981 | +€474 | +8.6% |
| Other amounts payable | 47/48 | €36,817 | €33,569 | -€3,249 | -8.8% |
| Remuneration, social security and pensions | 62 | €40,328 | €57,478 | +€17,150 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,137 | €12,454 | +€6,317 | +103% |
| Other operating charges | 640/8 | €3,892 | €4,064 | +€172 | +4.4% |
| Gross operating margin | 9900 | €55,578 | €92,532 | +€36,954 | +66.5% |
| Operating profit (loss) | 9901 | €5,222 | €18,537 | +€13,315 | +255% |
| Financial income | 75/76B | €4 | €2 | -€2 | -40.6% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -40.6% |
| Financial charges | 65/66B | €2,772 | €1,950 | -€823 | -29.7% |
| Recurring financial charges | 65 | €2,772 | €1,950 | -€823 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €2,454 | €16,589 | +€14,136 | +576% |
| Income taxes | 67/77 | €1,044 | €4,331 | +€3,287 | +315% |
| Profit (loss) for the period | 9904 | €1,410 | €12,259 | +€10,849 | +769% |
| Profit (loss) for the period to be appropriated | 9905 | €1,410 | €12,259 | +€10,849 | +769% |
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 20 October 2026 via checked.be.