RATZSOL: 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.
RATZSOL
Largest movements
- Tangible fixed assets -€8,595
down €8,595 (-22.0%), from €39,145 to €30,551
of which Furniture and vehicles: -€7,035
- Cash +€6,087
up €6,087 (+275.8%), from €2,207 to €8,294
mainly Depreciation (+€10,675) and Net result for the year (+€10,050)
- Receivables within one year +€1,523
up €1,523 (+57.8%), from €2,634 to €4,158
of which Other amounts receivable: +€2,787
- Debts after one year -€12,343
down €12,343 (-41.5%), from €29,759 to €17,415
- Profit (loss) carried forward +€10,050
up €10,050 (+82.0%), from -€12,253 to -€2,203
- Current portion of long-term debt +€1,019
up €1,019 (+9.0%), from €11,285 to €12,304
- Gross operating margin +€13,055
up €13,055 (+115.7%), from €11,279 to €24,334
- Financial charges -€978
down €978 (-25.6%), from €3,821 to €2,843
- Other operating charges +€568
up €568 (+263.3%), from €216 to €784
- Depreciation +€472
up €472 (+4.6%), from €10,203 to €10,675
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 | €43,987 | €43,002 | -€985 | -2.2% |
| Fixed assets | 21/28 | €39,145 | €30,551 | -€8,595 | -22.0% |
| Tangible fixed assets | 22/27 | €39,145 | €30,551 | -€8,595 | -22.0% |
| Plant, machinery and equipment | 23 | €14,045 | €12,485 | -€1,560 | -11.1% |
| Furniture and vehicles | 24 | €25,101 | €18,066 | -€7,035 | -28.0% |
| Current assets | 29/58 | €4,842 | €12,452 | +€7,610 | +157.2% |
| Amounts receivable within one year | 40/41 | €2,634 | €4,158 | +€1,523 | +57.8% |
| Trade receivables | 40 | €2,038 | €775 | -€1,264 | -62.0% |
| Other amounts receivable | 41 | €596 | €3,383 | +€2,787 | +467.2% |
| Cash at bank and in hand | 54/58 | €2,207 | €8,294 | +€6,087 | +275.8% |
| Total equity and liabilities | 10/49 | €43,987 | €43,002 | -€985 | -2.2% |
| Equity | 10/15 | €1,947 | €11,997 | +€10,050 | +516.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Legal reserve | 130 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,253 | -€2,203 | +€10,050 | +82.0% |
| Amounts payable | 17/49 | €42,040 | €31,005 | -€11,035 | -26.2% |
| Amounts payable after more than one year | 17 | €29,759 | €17,415 | -€12,343 | -41.5% |
| Financial debts | 170/4 | €29,759 | €17,415 | -€12,343 | -41.5% |
| Amounts payable within one year | 42/48 | €12,282 | €13,590 | +€1,308 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €11,285 | €12,304 | +€1,019 | +9.0% |
| Trade debts | 44 | €997 | €1,286 | +€289 | +29.0% |
| Suppliers | 440/4 | €997 | €1,286 | +€289 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,203 | €10,675 | +€472 | +4.6% |
| Other operating charges | 640/8 | €216 | €784 | +€568 | +263.3% |
| Gross operating margin | 9900 | €11,279 | €24,334 | +€13,055 | +115.7% |
| Operating profit (loss) | 9901 | €861 | €12,875 | +€12,015 | +1396.1% |
| Financial income | 75/76B | €10 | €18 | +€8 | +76.4% |
| Recurring financial income | 75 | €10 | €18 | +€8 | +76.4% |
| Financial charges | 65/66B | €3,821 | €2,843 | -€978 | -25.6% |
| Recurring financial charges | 65 | €3,821 | €2,843 | -€978 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,950 | €10,050 | +€13,000 | |
| Profit (loss) for the period | 9904 | -€2,950 | €10,050 | +€13,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,950 | €10,050 | +€13,000 |
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.