RALUTEC: what changed
Two fiscal 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.
RALUTEC
Largest movements
- Cash +€88,761
up €88,761 (+117.9%), from €75,263 to €164,024
mainly Receivables within one year (+€79,765) and Net result for the year (+€39,366)
- Receivables within one year -€79,765
down €79,765 (-73.1%), from €109,091 to €29,326
of which Trade receivables: -€81,506
- Reserves +€32,914
up €32,914 (+17.0%), from €193,345 to €226,259
- Trade debts -€11,537
down €11,537 (-55.7%), from €20,714 to €9,177
- Current portion of long-term debt -€8,619
down €8,619 (-100.0%), from €8,619 to €0
- Tax, wage and social debts -€4,029
down €4,029 (-49.6%), from €8,124 to €4,094
- Depreciation +€8,111
up €8,111 (+61.4%), from €13,201 to €21,312
- Gross operating margin -€4,843
down €4,843 (-5.5%), from €87,675 to €82,831
- Taxes -€3,910
down €3,910 (-17.0%), from €23,004 to €19,094
- Financial charges -€895
down €895 (-59.5%), from €1,504 to €609
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 | €238,032 | €245,728 | +€7,696 | +3.2% |
| Fixed assets | 21/28 | €50,975 | €51,152 | +€176 | +0.3% |
| Tangible fixed assets | 22/27 | €50,975 | €51,152 | +€176 | +0.3% |
| Land and buildings | 22 | €7,030 | €5,811 | -€1,218 | -17.3% |
| Furniture and vehicles | 24 | €15,696 | €45,341 | +€29,645 | +188.9% |
| Leasing and similar rights | 25 | €28,250 | €0 | -€28,250 | -100.0% |
| Current assets | 29/58 | €187,056 | €194,576 | +€7,520 | +4.0% |
| Amounts receivable within one year | 40/41 | €109,091 | €29,326 | -€79,765 | -73.1% |
| Trade receivables | 40 | €106,478 | €24,973 | -€81,506 | -76.5% |
| Other amounts receivable | 41 | €2,613 | €4,353 | +€1,740 | +66.6% |
| Cash at bank and in hand | 54/58 | €75,263 | €164,024 | +€88,761 | +117.9% |
| Deferred charges and accrued income | 490/1 | €2,702 | €1,226 | -€1,476 | -54.6% |
| Total equity and liabilities | 10/49 | €238,032 | €245,728 | +€7,696 | +3.2% |
| Equity | 10/15 | €199,543 | €232,457 | +€32,914 | +16.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €193,345 | €226,259 | +€32,914 | +17.0% |
| Distributable reserves | 133 | €193,345 | €226,259 | +€32,914 | +17.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,489 | €13,271 | -€25,218 | -65.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €38,489 | €13,271 | -€25,218 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | €8,619 | €0 | -€8,619 | -100.0% |
| Trade debts | 44 | €20,714 | €9,177 | -€11,537 | -55.7% |
| Suppliers | 440/4 | €20,714 | €9,177 | -€11,537 | -55.7% |
| Taxes, remuneration and social security | 45 | €8,124 | €4,094 | -€4,029 | -49.6% |
| Taxes | 450/3 | €8,124 | €4,094 | -€4,029 | -49.6% |
| Other amounts payable | 47/48 | €1,032 | €0 | -€1,032 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,201 | €21,312 | +€8,111 | +61.4% |
| Other operating charges | 640/8 | €2,503 | €2,769 | +€266 | +10.6% |
| Gross operating margin | 9900 | €87,675 | €82,831 | -€4,843 | -5.5% |
| Operating profit (loss) | 9901 | €71,970 | €58,751 | -€13,220 | -18.4% |
| Financial income | 75/76B | €499 | €318 | -€181 | -36.2% |
| Recurring financial income | 75 | €499 | €318 | -€181 | -36.2% |
| Financial charges | 65/66B | €1,504 | €609 | -€895 | -59.5% |
| Recurring financial charges | 65 | €1,504 | €609 | -€895 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €70,965 | €58,460 | -€12,506 | -17.6% |
| Income taxes | 67/77 | €23,004 | €19,094 | -€3,910 | -17.0% |
| Profit (loss) for the period | 9904 | €47,961 | €39,366 | -€8,596 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,961 | €39,366 | -€8,596 | -17.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.