RATSONE: 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.
RATSONE
Largest movements
- Financial fixed assets +€7,392
up €7,392 (+2.7%), from €277,635 to €285,028
- Cash -€4,126
down €4,126 (-97.3%), from €4,239 to €113
mainly Investment in fixed assets (net) (-€7,392) and Deferred charges and accrued income (-€177)
- Reserves +€134,000
up €134,000 (+81.7%), from €164,000 to €298,000
- Profit (loss) carried forward -€133,857
down €133,857 (-99.3%), from €134,770 to €913
- Gross operating margin -€14,031
down €14,031, from €10,558 to -€3,473
- Taxes -€3,827
down €3,827 (-71.1%), from €5,381 to €1,554
- Depreciation -€559
down €559 (-32.9%), from €1,700 to €1,141
- Financial income +€175
up €175 (+2.7%), from €6,594 to €6,769
- Other operating charges -€173
no longer reported in 2025 (was €173)
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 | €307,053 | €308,616 | +€1,563 | +0.5% |
| Fixed assets | 21/28 | €287,288 | €293,539 | +€6,252 | +2.2% |
| Tangible fixed assets | 22/27 | €9,653 | €8,512 | -€1,141 | -11.8% |
| Plant, machinery and equipment | 23 | €496 | €496 | = | 0.0% |
| Furniture and vehicles | 24 | €1,957 | €1,016 | -€941 | -48.1% |
| Other tangible fixed assets | 26 | €7,200 | €7,000 | -€200 | -2.8% |
| Financial fixed assets | 28 | €277,635 | €285,028 | +€7,392 | +2.7% |
| Current assets | 29/58 | €19,765 | €15,076 | -€4,689 | -23.7% |
| Amounts receivable within one year | 40/41 | €7,186 | €6,446 | -€740 | -10.3% |
| Trade receivables | 40 | €567 | - | -€567 | |
| Other amounts receivable | 41 | €6,620 | €6,446 | -€174 | -2.6% |
| Cash at bank and in hand | 54/58 | €4,239 | €113 | -€4,126 | -97.3% |
| Deferred charges and accrued income | 490/1 | €8,340 | €8,518 | +€177 | +2.1% |
| Total equity and liabilities | 10/49 | €307,053 | €308,616 | +€1,563 | +0.5% |
| Equity | 10/15 | €306,826 | €306,970 | +€143 | 0.0% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Contributions outside capital | 11 | €8,057 | €8,057 | = | 0.0% |
| Other | 1109/19 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €164,000 | €298,000 | +€134,000 | +81.7% |
| Distributable reserves | 133 | €164,000 | €298,000 | +€134,000 | +81.7% |
| Profit (loss) carried forward | 14 | €134,770 | €913 | -€133,857 | -99.3% |
| Amounts payable | 17/49 | €227 | €1,646 | +€1,419 | +626% |
| Amounts payable within one year | 42/48 | €227 | €1,646 | +€1,419 | +626% |
| Trade debts | 44 | €227 | €1,646 | +€1,419 | +626% |
| Suppliers | 440/4 | €227 | €1,646 | +€1,419 | +626% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €1,141 | -€559 | -32.9% |
| Other operating charges | 640/8 | €173 | - | -€173 | |
| Gross operating margin | 9900 | €10,558 | -€3,473 | -€14,031 | |
| Operating profit (loss) | 9901 | €8,684 | -€4,614 | -€13,298 | |
| Financial income | 75/76B | €6,594 | €6,769 | +€175 | +2.7% |
| Recurring financial income | 75 | €6,594 | €6,769 | +€175 | +2.7% |
| Financial charges | 65/66B | €432 | €457 | +€25 | +5.8% |
| Recurring financial charges | 65 | €432 | €457 | +€25 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €14,846 | €1,698 | -€13,149 | -88.6% |
| Income taxes | 67/77 | €5,381 | €1,554 | -€3,827 | -71.1% |
| Profit (loss) for the period | 9904 | €9,465 | €143 | -€9,322 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,465 | €143 | -€9,322 | -98.5% |
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 25 October 2026 via checked.be.