RATH SPRL: 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.
RATH SPRL
Largest movements
- Deferred charges and accrued income +€5,406
up €5,406 (+234%), from €2,307 to €7,714
- Receivables within one year +€2,623
up €2,623 (+160%), from €1,636 to €4,259
of which Other amounts receivable: +€4,126
- Cash +€1,823
up €1,823 (+558%), from €327 to €2,149
mainly Trade debts (+€9,671) and Other debts (+€2,732)
- Tangible fixed assets -€750
down €750 (-37.5%), from €2,000 to €1,250
- Trade debts +€9,671
new in 2025: €9,671
- Tax, wage and social debts -€3,425
no longer reported in 2025 (was €3,425)
- Other debts +€2,732
up €2,732 (+10.7%), from €25,582 to €28,314
- Profit (loss) carried forward +€824
up €824 (+13.8%), from €5,954 to €6,778
- Accrued charges and deferred income -€700
down €700 (-16.3%), from €4,300 to €3,600
- Staff costs -€21,012
down €21,012 (-61.9%), from €33,949 to €12,937
- Gross operating margin -€6,691
down €6,691 (-28.4%), from €23,549 to €16,858
- Depreciation -€433
down €433 (-36.6%), from €1,182 to €750
- Other operating charges +€275
up €275 (+67.0%), from €410 to €685
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 | €47,321 | €56,423 | +€9,102 | +19.2% |
| Fixed assets | 21/28 | €2,000 | €1,250 | -€750 | -37.5% |
| Tangible fixed assets | 22/27 | €2,000 | €1,250 | -€750 | -37.5% |
| Plant, machinery and equipment | 23 | €2,000 | €1,250 | -€750 | -37.5% |
| Current assets | 29/58 | €45,321 | €55,173 | +€9,852 | +21.7% |
| Stocks and contracts in progress | 3 | €41,052 | €41,052 | = | 0.0% |
| Stocks | 30/36 | €41,052 | €41,052 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,636 | €4,259 | +€2,623 | +160% |
| Trade receivables | 40 | €1,503 | - | -€1,503 | |
| Other amounts receivable | 41 | €133 | €4,259 | +€4,126 | +3,103% |
| Cash at bank and in hand | 54/58 | €327 | €2,149 | +€1,823 | +558% |
| Deferred charges and accrued income | 490/1 | €2,307 | €7,714 | +€5,406 | +234% |
| Total equity and liabilities | 10/49 | €47,321 | €56,423 | +€9,102 | +19.2% |
| Equity | 10/15 | €14,014 | €14,838 | +€824 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,954 | €6,778 | +€824 | +13.8% |
| Amounts payable | 17/49 | €33,307 | €41,585 | +€8,278 | +24.9% |
| Amounts payable within one year | 42/48 | €29,007 | €37,985 | +€8,978 | +31.0% |
| Trade debts | 44 | - | €9,671 | +€9,671 | |
| Suppliers | 440/4 | - | €9,671 | +€9,671 | |
| Taxes, remuneration and social security | 45 | €3,425 | - | -€3,425 | |
| Remuneration and social security | 454/9 | €3,425 | - | -€3,425 | |
| Other amounts payable | 47/48 | €25,582 | €28,314 | +€2,732 | +10.7% |
| Accrued charges and deferred income | 492/3 | €4,300 | €3,600 | -€700 | -16.3% |
| Remuneration, social security and pensions | 62 | €33,949 | €12,937 | -€21,012 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,182 | €750 | -€433 | -36.6% |
| Other operating charges | 640/8 | €410 | €685 | +€275 | +67.0% |
| Gross operating margin | 9900 | €23,549 | €16,858 | -€6,691 | -28.4% |
| Operating profit (loss) | 9901 | -€11,992 | €2,486 | +€14,478 | |
| Financial income | 75/76B | €362 | €215 | -€146 | -40.5% |
| Recurring financial income | 75 | €362 | €215 | -€146 | -40.5% |
| Financial charges | 65/66B | €1,661 | €1,877 | +€216 | +13.0% |
| Recurring financial charges | 65 | €1,661 | €1,877 | +€216 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,291 | €824 | +€14,116 | |
| Profit (loss) for the period | 9904 | -€13,291 | €824 | +€14,116 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,291 | €824 | +€14,116 |
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 19 October 2026 via checked.be.