RALPHS COMPANY: what changed
RALPHS COMPANY
Largest movements
- Receivables within one year +€25,588
up €25,588 (+47.4%), from €54,037 to €79,625
of which Trade receivables: +€25,467
- Cash +€24,488
up €24,488 (+14.1%), from €173,807 to €198,295
mainly Other debts (+€94,378) and Net result for the year (+€67,176)
- Tangible fixed assets -€5,358
down €5,358 (-20.1%), from €26,621 to €21,263
of which Furniture and vehicles: -€5,358
- Stocks and contracts -€3,969
down €3,969 (-5.4%), from €73,830 to €69,861
- Other debts +€94,378
up €94,378 (+166%), from €56,697 to €151,076
- Reserves -€79,697
down €79,697 (-45.4%), from €175,608 to €95,911
of which Distributable reserves: -€79,697
- Trade debts +€13,455
up €13,455 (+309%), from €4,361 to €17,816
- Tax, wage and social debts +€12,838
up €12,838 (+41.3%), from €31,058 to €43,896
- Gross operating margin -€142,412
down €142,412 (-58.2%), from €244,893 to €102,481
- Financial charges -€5,575
down €5,575 (-65.3%), from €8,532 to €2,957
- Depreciation +€5,190
up €5,190 (+3,097%), from €168 to €5,358
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,694 | €370,668 | +€40,974 | +12.4% |
| Fixed assets | 21/28 | €26,621 | €21,263 | -€5,358 | -20.1% |
| Tangible fixed assets | 22/27 | €26,621 | €21,263 | -€5,358 | -20.1% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €26,621 | €21,263 | -€5,358 | -20.1% |
| Current assets | 29/58 | €303,073 | €349,405 | +€46,332 | +15.3% |
| Stocks and contracts in progress | 3 | €73,830 | €69,861 | -€3,969 | -5.4% |
| Stocks | 30/36 | €73,830 | €69,861 | -€3,969 | -5.4% |
| Amounts receivable within one year | 40/41 | €54,037 | €79,625 | +€25,588 | +47.4% |
| Trade receivables | 40 | €40,940 | €66,407 | +€25,467 | +62.2% |
| Other amounts receivable | 41 | €13,097 | €13,218 | +€121 | +0.9% |
| Cash at bank and in hand | 54/58 | €173,807 | €198,295 | +€24,488 | +14.1% |
| Deferred charges and accrued income | 490/1 | €1,399 | €1,624 | +€225 | +16.1% |
| Total equity and liabilities | 10/49 | €329,694 | €370,668 | +€40,974 | +12.4% |
| Equity | 10/15 | €205,607 | €125,910 | -€79,697 | -38.8% |
| Contributions | 10/11 | €29,999 | €29,999 | = | 0.0% |
| Reserves | 13 | €175,608 | €95,911 | -€79,697 | -45.4% |
| Tax-exempt reserves | 132 | €95,911 | €95,911 | = | 0.0% |
| Distributable reserves | 133 | €79,697 | €0 | -€79,697 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €31,970 | €31,970 | = | 0.0% |
| Deferred taxes | 168 | €31,970 | €31,970 | = | 0.0% |
| Amounts payable | 17/49 | €92,116 | €212,788 | +€120,671 | +131% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €92,116 | €212,788 | +€120,671 | +131% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,361 | €17,816 | +€13,455 | +309% |
| Suppliers | 440/4 | €4,361 | €17,816 | +€13,455 | +309% |
| Taxes, remuneration and social security | 45 | €31,058 | €43,896 | +€12,838 | +41.3% |
| Taxes | 450/3 | €31,058 | €43,896 | +€12,838 | +41.3% |
| Other amounts payable | 47/48 | €56,697 | €151,076 | +€94,378 | +166% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €127,881 | €0 | -€127,881 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168 | €5,358 | +€5,190 | +3,097% |
| Other operating charges | 640/8 | €2,026 | €1,791 | -€235 | -11.6% |
| Gross operating margin | 9900 | €244,893 | €102,481 | -€142,412 | -58.2% |
| Operating profit (loss) | 9901 | €242,699 | €95,332 | -€147,367 | -60.7% |
| Financial income | 75/76B | €114 | €4 | -€110 | -96.8% |
| Recurring financial income | 75 | €114 | €4 | -€110 | -96.8% |
| Financial charges | 65/66B | €8,532 | €2,957 | -€5,575 | -65.3% |
| Recurring financial charges | 65 | €8,532 | €2,957 | -€5,575 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €234,281 | €92,379 | -€141,902 | -60.6% |
| Transfer to deferred taxes | 680 | €31,970 | €0 | -€31,970 | -100% |
| Income taxes | 67/77 | €26,702 | €25,203 | -€1,499 | -5.6% |
| Profit (loss) for the period | 9904 | €175,608 | €67,176 | -€108,432 | -61.7% |
| Transfer to tax-exempt reserves | 689 | €95,911 | €0 | -€95,911 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €79,697 | €67,176 | -€12,521 | -15.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.