RALS: 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.
RALS
Largest movements
- Receivables within one year +€8,558
up €8,558, from €0 to €8,558
of which Trade receivables: +€8,440
- Tangible fixed assets -€7,773
down €7,773 (-43.0%), from €18,060 to €10,287
of which Furniture and vehicles: -€7,773
- Cash +€5,608
up €5,608 (+31.6%), from €17,764 to €23,372
mainly Net result for the year (+€43,020) and Debts after one year (+€30,358)
- Deferred charges and accrued income +€4,900
up €4,900 (+272%), from €1,804 to €6,704
- Other debts -€69,667
down €69,667 (-22.7%), from €306,712 to €237,045
- Profit (loss) carried forward +€43,020
up €43,020 (+14.8%), from -€291,091 to -€248,071
- Debts after one year +€30,358
up €30,358 (+297%), from €10,222 to €40,580
- Current portion of long-term debt +€6,705
up €6,705 (+94.5%), from €7,092 to €13,797
- Tax, wage and social debts +€694
up €694 (+62.5%), from €1,110 to €1,804
- Provisions -€268,168
down €268,168, from €134,084 to -€134,084
- Gross operating margin +€30,744
up €30,744 (+126%), from €24,439 to €55,183
- Financial charges -€23,384
down €23,384 (-14.6%), from €160,383 to €136,999
of which Non-recurring financial charges: -€160,000
- Financial income -€1,985
down €1,985 (-97.4%), from €2,037 to €53
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 | €37,629 | €48,921 | +€11,292 | +30.0% |
| Fixed assets | 21/28 | €18,060 | €10,287 | -€7,773 | -43.0% |
| Tangible fixed assets | 22/27 | €18,060 | €10,287 | -€7,773 | -43.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €18,060 | €10,287 | -€7,773 | -43.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €19,569 | €38,634 | +€19,066 | +97.4% |
| Amounts receivable within one year | 40/41 | €0 | €8,558 | +€8,558 | |
| Trade receivables | 40 | €0 | €8,440 | +€8,440 | |
| Other amounts receivable | 41 | €0 | €118 | +€118 | |
| Cash at bank and in hand | 54/58 | €17,764 | €23,372 | +€5,608 | +31.6% |
| Deferred charges and accrued income | 490/1 | €1,804 | €6,704 | +€4,900 | +272% |
| Total equity and liabilities | 10/49 | €37,629 | €48,921 | +€11,292 | +30.0% |
| Equity | 10/15 | -€288,091 | -€245,071 | +€43,020 | +14.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,091 | -€248,071 | +€43,020 | +14.8% |
| Amounts payable | 17/49 | €325,720 | €293,992 | -€31,728 | -9.7% |
| Amounts payable after more than one year | 17 | €10,222 | €40,580 | +€30,358 | +297% |
| Financial debts | 170/4 | €10,222 | €40,580 | +€30,358 | +297% |
| Amounts payable within one year | 42/48 | €315,498 | €253,412 | -€62,086 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €7,092 | €13,797 | +€6,705 | +94.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €584 | €766 | +€182 | +31.3% |
| Suppliers | 440/4 | €584 | €766 | +€182 | +31.3% |
| Taxes, remuneration and social security | 45 | €1,110 | €1,804 | +€694 | +62.5% |
| Taxes | 450/3 | €1,110 | €1,804 | +€694 | +62.5% |
| Other amounts payable | 47/48 | €306,712 | €237,045 | -€69,667 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,153 | €7,773 | -€380 | -4.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €134,084 | -€134,084 | -€268,168 | |
| Other operating charges | 640/8 | €1,081 | €1,395 | +€314 | +29.1% |
| Gross operating margin | 9900 | €24,439 | €55,183 | +€30,744 | +126% |
| Operating profit (loss) | 9901 | -€118,879 | €180,099 | +€298,978 | |
| Financial income | 75/76B | €2,037 | €53 | -€1,985 | -97.4% |
| Recurring financial income | 75 | €2,037 | €53 | -€1,985 | -97.4% |
| Financial charges | 65/66B | €160,383 | €136,999 | -€23,384 | -14.6% |
| Recurring financial charges | 65 | €383 | €136,999 | +€136,616 | +35,693% |
| Non-recurring financial charges | 66B | €160,000 | €0 | -€160,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€277,225 | €43,152 | +€320,377 | |
| Income taxes | 67/77 | €147 | €132 | -€15 | -10.3% |
| Profit (loss) for the period | 9904 | -€277,372 | €43,020 | +€320,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€277,372 | €43,020 | +€320,392 |
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 13 October 2026 via checked.be.