RALV: 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.
RALV
Largest movements
- Cash -€45,121
down €45,121 (-83.6%), from €53,979 to €8,858
mainly Contributions, distributions and other (-€86,068) and Net result for the year (-€30,349)
- Tangible fixed assets -€31,930
down €31,930 (-42.8%), from €74,561 to €42,630
- Receivables within one year -€5,340
down €5,340 (-30.0%), from €17,816 to €12,476
of which Trade receivables: -€4,753
- Reserves -€86,068
down €86,068 (-100%), from €86,068 to €0
- Other debts +€73,158
up €73,158, from €0 to €73,158
- Profit (loss) carried forward -€30,349
new in 2025: -€30,349
- Current portion of long-term debt -€23,007
down €23,007 (-73.5%), from €31,306 to €8,299
- Debts after one year -€8,299
down €8,299 (-59.1%), from €14,046 to €5,747
- Gross operating margin -€42,193
down €42,193 (-93.8%), from €44,998 to €2,805
- Taxes -€2,056
down €2,056 (-100%), from €2,056 to €0
- Financial charges -€682
down €682 (-37.2%), from €1,832 to €1,150
- Depreciation -€598
down €598 (-1.8%), from €32,529 to €31,930
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 | €146,356 | €64,305 | -€82,051 | -56.1% |
| Fixed assets | 21/28 | €74,561 | €42,630 | -€31,930 | -42.8% |
| Tangible fixed assets | 22/27 | €74,561 | €42,630 | -€31,930 | -42.8% |
| Plant, machinery and equipment | 23 | €74,561 | €42,630 | -€31,930 | -42.8% |
| Current assets | 29/58 | €71,795 | €21,674 | -€50,121 | -69.8% |
| Amounts receivable within one year | 40/41 | €17,816 | €12,476 | -€5,340 | -30.0% |
| Trade receivables | 40 | €5,191 | €438 | -€4,753 | -91.6% |
| Other amounts receivable | 41 | €12,625 | €12,038 | -€587 | -4.7% |
| Cash at bank and in hand | 54/58 | €53,979 | €8,858 | -€45,121 | -83.6% |
| Deferred charges and accrued income | 490/1 | - | €340 | +€340 | |
| Total equity and liabilities | 10/49 | €146,356 | €64,305 | -€82,051 | -56.1% |
| Equity | 10/15 | €91,068 | -€25,349 | -€116,417 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €86,068 | €0 | -€86,068 | -100% |
| Distributable reserves | 133 | €86,068 | €0 | -€86,068 | -100% |
| Profit (loss) carried forward | 14 | - | -€30,349 | -€30,349 | |
| Amounts payable | 17/49 | €55,288 | €89,653 | +€34,366 | +62.2% |
| Amounts payable after more than one year | 17 | €14,046 | €5,747 | -€8,299 | -59.1% |
| Financial debts | 170/4 | €14,046 | €5,747 | -€8,299 | -59.1% |
| Amounts payable within one year | 42/48 | €41,241 | €83,906 | +€42,665 | +103% |
| Current portion of amounts payable after more than one year | 42 | €31,306 | €8,299 | -€23,007 | -73.5% |
| Trade debts | 44 | €1,084 | €392 | -€692 | -63.8% |
| Suppliers | 440/4 | €1,084 | €392 | -€692 | -63.8% |
| Taxes, remuneration and social security | 45 | €8,851 | €2,056 | -€6,794 | -76.8% |
| Taxes | 450/3 | €8,851 | €2,056 | -€6,794 | -76.8% |
| Other amounts payable | 47/48 | €0 | €73,158 | +€73,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,529 | €31,930 | -€598 | -1.8% |
| Other operating charges | 640/8 | €318 | €120 | -€198 | -62.3% |
| Gross operating margin | 9900 | €44,998 | €2,805 | -€42,193 | -93.8% |
| Operating profit (loss) | 9901 | €12,151 | -€29,245 | -€41,396 | |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €1,832 | €1,150 | -€682 | -37.2% |
| Recurring financial charges | 65 | €1,832 | €1,150 | -€682 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €10,319 | -€30,349 | -€40,668 | |
| Income taxes | 67/77 | €2,056 | €0 | -€2,056 | -100% |
| Profit (loss) for the period | 9904 | €8,262 | -€30,349 | -€38,611 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,262 | -€30,349 | -€38,611 |
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.