RALPH BAR: 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.
RALPH BAR
Largest movements
- Receivables within one year +€45,206
up €45,206 (+23.8%), from €190,242 to €235,448
of which Trade receivables: +€60,252
- Trade debts -€138,263
down €138,263 (-74.5%), from €185,669 to €47,406
- Advances received +€108,203
new in 2025: €108,203
- Profit (loss) carried forward +€85,926
up €85,926 (+48.8%), from €175,950 to €261,876
- Short-term financial debts +€41,142
new in 2025: €41,142
- Tax, wage and social debts -€25,055
down €25,055 (-14.1%), from €177,455 to €152,400
of which Remuneration and social security: -€21,319
- Gross operating margin +€50,992
up €50,992 (+20.5%), from €249,027 to €300,019
- Taxes +€15,940
up €15,940 (+57.5%), from €27,708 to €43,648
- Staff costs -€10,075
down €10,075 (-7.8%), from €129,401 to €119,326
- Depreciation +€4,846
up €4,846 (+16.1%), from €30,108 to €34,954
- Financial income +€3,266
up €3,266 (+41.0%), from €7,970 to €11,236
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 | €594,024 | €654,589 | +€60,565 | +10.2% |
| Fixed assets | 21/28 | €115,524 | €121,325 | +€5,801 | +5.0% |
| Tangible fixed assets | 22/27 | €115,524 | €121,325 | +€5,801 | +5.0% |
| Land and buildings | 22 | €5,438 | €4,283 | -€1,155 | -21.2% |
| Plant, machinery and equipment | 23 | €13,869 | €14,293 | +€424 | +3.1% |
| Furniture and vehicles | 24 | €985 | €2,712 | +€1,727 | +175% |
| Other tangible fixed assets | 26 | €95,232 | €100,037 | +€4,805 | +5.0% |
| Current assets | 29/58 | €478,500 | €533,265 | +€54,765 | +11.4% |
| Amounts receivable after more than one year | 29 | €266,500 | €273,000 | +€6,500 | +2.4% |
| Other amounts receivable | 291 | €266,500 | €273,000 | +€6,500 | +2.4% |
| Stocks and contracts in progress | 3 | €7,393 | €7,976 | +€583 | +7.9% |
| Stocks | 30/36 | €7,393 | €7,976 | +€583 | +7.9% |
| Amounts receivable within one year | 40/41 | €190,242 | €235,448 | +€45,206 | +23.8% |
| Trade receivables | 40 | - | €60,252 | +€60,252 | |
| Other amounts receivable | 41 | €190,242 | €175,196 | -€15,046 | -7.9% |
| Cash at bank and in hand | 54/58 | €469 | €6,920 | +€6,451 | +1,375% |
| Deferred charges and accrued income | 490/1 | €13,896 | €9,921 | -€3,975 | -28.6% |
| Total equity and liabilities | 10/49 | €594,024 | €654,589 | +€60,565 | +10.2% |
| Equity | 10/15 | €194,550 | €280,476 | +€85,926 | +44.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,950 | €261,876 | +€85,926 | +48.8% |
| Amounts payable | 17/49 | €399,474 | €374,113 | -€25,361 | -6.3% |
| Amounts payable after more than one year | 17 | €36,350 | €24,961 | -€11,389 | -31.3% |
| Other amounts payable | 178/9 | €36,350 | €24,961 | -€11,389 | -31.3% |
| Amounts payable within one year | 42/48 | €363,124 | €349,152 | -€13,972 | -3.8% |
| Financial debts | 43 | - | €41,142 | +€41,142 | |
| Other loans | 439 | - | €41,142 | +€41,142 | |
| Trade debts | 44 | €185,669 | €47,406 | -€138,263 | -74.5% |
| Suppliers | 440/4 | €185,669 | €47,406 | -€138,263 | -74.5% |
| Advances received on contracts in progress | 46 | - | €108,203 | +€108,203 | |
| Taxes, remuneration and social security | 45 | €177,455 | €152,400 | -€25,055 | -14.1% |
| Taxes | 450/3 | €139,275 | €135,540 | -€3,735 | -2.7% |
| Remuneration and social security | 454/9 | €38,180 | €16,861 | -€21,319 | -55.8% |
| Remuneration, social security and pensions | 62 | €129,401 | €119,326 | -€10,075 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,108 | €34,954 | +€4,846 | +16.1% |
| Other operating charges | 640/8 | €11,443 | €9,195 | -€2,248 | -19.6% |
| Gross operating margin | 9900 | €249,027 | €300,019 | +€50,992 | +20.5% |
| Operating profit (loss) | 9901 | €78,075 | €136,544 | +€58,469 | +74.9% |
| Financial income | 75/76B | €7,970 | €11,236 | +€3,266 | +41.0% |
| Recurring financial income | 75 | €7,970 | €11,236 | +€3,266 | +41.0% |
| Financial charges | 65/66B | €16,119 | €18,205 | +€2,086 | +12.9% |
| Recurring financial charges | 65 | €16,119 | €18,205 | +€2,086 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €69,926 | €129,575 | +€59,649 | +85.3% |
| Income taxes | 67/77 | €27,708 | €43,648 | +€15,940 | +57.5% |
| Profit (loss) for the period | 9904 | €42,218 | €85,927 | +€43,709 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €42,218 | €85,927 | +€43,709 | +104% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.