RATO: 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.
RATO
Largest movements
- Receivables within one year +€19,432
up €19,432 (+20.1%), from €96,888 to €116,319
of which Other amounts receivable: +€14,798
- Cash +€17,689
up €17,689 (+513.2%), from €3,447 to €21,136
mainly Trade debts (+€30,682) and Net result for the year (+€11,336)
- Deferred charges and accrued income +€1,505
new in 2025: €1,505
- Trade debts +€30,682
up €30,682 (+132.8%), from €23,113 to €53,795
- Profit (loss) carried forward +€11,336
up €11,336 (+75.6%), from €14,998 to €26,334
- Tax, wage and social debts -€6,126
down €6,126 (-17.4%), from €35,148 to €29,023
- Other debts +€4,081
new in 2025: €4,081
- Financial charges +€5,626
up €5,626 (+85.2%), from €6,603 to €12,229
of which Financial charges: +€11,453
- Taxes -€2,197
down €2,197 (-32.5%), from €6,766 to €4,569
- Other operating charges -€2,046
down €2,046 (-65.2%), from €3,141 to €1,094
- Gross operating margin -€790
down €790 (-2.6%), from €30,393 to €29,603
- Financial income -€696
down €696 (-32.4%), from €2,152 to €1,456
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 | €104,900 | €144,237 | +€39,337 | +37.5% |
| Fixed assets | 21/28 | €4,566 | €5,277 | +€711 | +15.6% |
| Tangible fixed assets | 22/27 | €4,566 | €5,277 | +€711 | +15.6% |
| Land and buildings | 22 | €1,607 | €1,388 | -€219 | -13.6% |
| Plant, machinery and equipment | 23 | €2,284 | €1,336 | -€949 | -41.5% |
| Furniture and vehicles | 24 | €675 | €2,553 | +€1,878 | +278.3% |
| Current assets | 29/58 | €100,334 | €138,960 | +€38,626 | +38.5% |
| Amounts receivable within one year | 40/41 | €96,888 | €116,319 | +€19,432 | +20.1% |
| Trade receivables | 40 | €10,285 | €14,918 | +€4,633 | +45.1% |
| Other amounts receivable | 41 | €86,603 | €101,401 | +€14,798 | +17.1% |
| Cash at bank and in hand | 54/58 | €3,447 | €21,136 | +€17,689 | +513.2% |
| Deferred charges and accrued income | 490/1 | - | €1,505 | +€1,505 | |
| Total equity and liabilities | 10/49 | €104,900 | €144,237 | +€39,337 | +37.5% |
| Equity | 10/15 | €45,985 | €57,321 | +€11,336 | +24.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,998 | €26,334 | +€11,336 | +75.6% |
| Amounts payable | 17/49 | €58,915 | €86,916 | +€28,001 | +47.5% |
| Amounts payable within one year | 42/48 | €58,269 | €86,898 | +€28,629 | +49.1% |
| Financial debts | 43 | €8 | - | -€8 | |
| Credit institutions | 430/8 | €8 | - | -€8 | |
| Trade debts | 44 | €23,113 | €53,795 | +€30,682 | +132.8% |
| Suppliers | 440/4 | €23,113 | €53,795 | +€30,682 | +132.8% |
| Taxes, remuneration and social security | 45 | €35,148 | €29,023 | -€6,126 | -17.4% |
| Taxes | 450/3 | €35,148 | €29,023 | -€6,126 | -17.4% |
| Other amounts payable | 47/48 | - | €4,081 | +€4,081 | |
| Accrued charges and deferred income | 492/3 | €646 | €18 | -€628 | -97.2% |
| Remuneration, social security and pensions | 62 | €41 | - | -€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,662 | €1,831 | +€168 | +10.1% |
| Other operating charges | 640/8 | €3,141 | €1,094 | -€2,046 | -65.2% |
| Gross operating margin | 9900 | €30,393 | €29,603 | -€790 | -2.6% |
| Operating profit (loss) | 9901 | €25,549 | €26,678 | +€1,129 | +4.4% |
| Financial income | 75/76B | €2,152 | €1,456 | -€696 | -32.4% |
| Recurring financial income | 75 | €2,152 | €1,456 | -€696 | -32.4% |
| Financial charges | 65/66B | €6,603 | €12,229 | +€5,626 | +85.2% |
| Recurring financial charges | 65 | €777 | €12,229 | +€11,453 | +1474.5% |
| Non-recurring financial charges | 66B | €5,826 | - | -€5,826 | |
| Profit (loss) for the period before taxes | 9903 | €21,098 | €15,904 | -€5,194 | -24.6% |
| Income taxes | 67/77 | €6,766 | €4,569 | -€2,197 | -32.5% |
| Profit (loss) for the period | 9904 | €14,332 | €11,336 | -€2,996 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,332 | €11,336 | -€2,996 | -20.9% |
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 6 October 2026 via checked.be.