Ratiolex: 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.
Ratiolex
Largest movements
- Receivables within one year +€91,390
up €91,390 (+984.1%), from €9,286 to €100,676
of which Trade receivables: +€90,805
- Cash +€86,825
up €86,825 (+190.8%), from €45,508 to €132,332
mainly Net result for the year (+€143,638) and Tax, wage and social debts (+€33,223)
- Tangible fixed assets -€5,764
down €5,764 (-3.6%), from €160,147 to €154,384
- Profit (loss) carried forward +€143,638
up €143,638 (+172.8%), from €83,102 to €226,741
- Tax, wage and social debts +€33,223
up €33,223 (+268.8%), from €12,359 to €45,582
- Debts after one year -€4,585
down €4,585 (-4.1%), from €112,326 to €107,741
- Gross operating margin +€151,182
up €151,182 (+327.9%), from €46,106 to €197,288
- Taxes +€34,877
up €34,877 (+430.8%), from €8,096 to €42,973
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 | €217,441 | €389,892 | +€172,451 | +79.3% |
| Fixed assets | 21/28 | €162,647 | €156,884 | -€5,764 | -3.5% |
| Tangible fixed assets | 22/27 | €160,147 | €154,384 | -€5,764 | -3.6% |
| Land and buildings | 22 | €160,147 | €154,384 | -€5,764 | -3.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €54,794 | €233,008 | +€178,214 | +325.2% |
| Amounts receivable within one year | 40/41 | €9,286 | €100,676 | +€91,390 | +984.1% |
| Trade receivables | 40 | €9,286 | €100,091 | +€90,805 | +977.8% |
| Other amounts receivable | 41 | - | €585 | +€585 | |
| Cash at bank and in hand | 54/58 | €45,508 | €132,332 | +€86,825 | +190.8% |
| Total equity and liabilities | 10/49 | €217,441 | €389,892 | +€172,451 | +79.3% |
| Equity | 10/15 | €86,102 | €229,741 | +€143,638 | +166.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,102 | €226,741 | +€143,638 | +172.8% |
| Amounts payable | 17/49 | €131,339 | €160,151 | +€28,812 | +21.9% |
| Amounts payable after more than one year | 17 | €112,326 | €107,741 | -€4,585 | -4.1% |
| Financial debts | 170/4 | €112,326 | €107,741 | -€4,585 | -4.1% |
| Amounts payable within one year | 42/48 | €19,013 | €52,410 | +€33,397 | +175.7% |
| Current portion of amounts payable after more than one year | 42 | €4,438 | €4,585 | +€146 | +3.3% |
| Trade debts | 44 | €2,186 | €2,243 | +€57 | +2.6% |
| Suppliers | 440/4 | €2,186 | €2,243 | +€57 | +2.6% |
| Taxes, remuneration and social security | 45 | €12,359 | €45,582 | +€33,223 | +268.8% |
| Taxes | 450/3 | €12,359 | €45,582 | +€33,223 | +268.8% |
| Other amounts payable | 47/48 | €29 | - | -€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,889 | €5,764 | +€1,875 | +48.2% |
| Other operating charges | 640/8 | €3,077 | €1,148 | -€1,928 | -62.7% |
| Gross operating margin | 9900 | €46,106 | €197,288 | +€151,182 | +327.9% |
| Operating profit (loss) | 9901 | €39,140 | €190,376 | +€151,236 | +386.4% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €3,379 | €3,805 | +€427 | +12.6% |
| Recurring financial charges | 65 | €3,379 | €3,805 | +€427 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €35,762 | €186,612 | +€150,850 | +421.8% |
| Income taxes | 67/77 | €8,096 | €42,973 | +€34,877 | +430.8% |
| Profit (loss) for the period | 9904 | €27,665 | €143,638 | +€115,973 | +419.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,665 | €143,638 | +€115,973 | +419.2% |
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 2 October 2026 via checked.be.