RAV: 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.
RAV
Largest movements
- Cash +€3,817
up €3,817 (+31.7%), from €12,030 to €15,847
mainly Net result for the year (+€6,118) and Depreciation (+€1,783)
- Receivables within one year +€3,310
up €3,310 (+32.0%), from €10,352 to €13,662
of which Trade receivables: +€3,025
- Tangible fixed assets -€1,783
down €1,783 (-50.6%), from €3,522 to €1,738
- Profit (loss) carried forward +€6,093
up €6,093, from -€1,523 to €4,570
- Trade debts -€810
down €810 (-40.5%), from €1,999 to €1,188
- Tax, wage and social debts +€584
up €584 (+22.8%), from €2,565 to €3,149
of which Taxes: +€578
- Other debts -€408
down €408 (-18.0%), from €2,274 to €1,866
- Gross operating margin +€6,006
up €6,006 (+82.3%), from €7,298 to €13,304
- Taxes -€5,554
down €5,554 (-59.8%), from €9,295 to €3,741
- Depreciation -€1,388
down €1,388 (-43.8%), from €3,171 to €1,783
- Other operating charges +€172
up €172 (+12.2%), from €1,404 to €1,575
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 | €27,915 | €33,373 | +€5,458 | +19.6% |
| Fixed assets | 21/28 | €3,522 | €1,738 | -€1,783 | -50.6% |
| Tangible fixed assets | 22/27 | €3,522 | €1,738 | -€1,783 | -50.6% |
| Furniture and vehicles | 24 | €3,522 | €1,738 | -€1,783 | -50.6% |
| Current assets | 29/58 | €24,393 | €31,634 | +€7,241 | +29.7% |
| Amounts receivable within one year | 40/41 | €10,352 | €13,662 | +€3,310 | +32.0% |
| Trade receivables | 40 | €8,470 | €11,495 | +€3,025 | +35.7% |
| Other amounts receivable | 41 | €1,882 | €2,167 | +€285 | +15.2% |
| Cash at bank and in hand | 54/58 | €12,030 | €15,847 | +€3,817 | +31.7% |
| Deferred charges and accrued income | 490/1 | €2,011 | €2,125 | +€114 | +5.7% |
| Total equity and liabilities | 10/49 | €27,915 | €33,373 | +€5,458 | +19.6% |
| Equity | 10/15 | €17,077 | €23,170 | +€6,093 | +35.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,523 | €4,570 | +€6,093 | |
| Amounts payable | 17/49 | €10,838 | €10,203 | -€635 | -5.9% |
| Amounts payable within one year | 42/48 | €10,838 | €10,203 | -€635 | -5.9% |
| Financial debts | 43 | €4,000 | €4,000 | = | 0.0% |
| Credit institutions | 430/8 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €1,999 | €1,188 | -€810 | -40.5% |
| Suppliers | 440/4 | €1,999 | €1,188 | -€810 | -40.5% |
| Taxes, remuneration and social security | 45 | €2,565 | €3,149 | +€584 | +22.8% |
| Taxes | 450/3 | €186 | €764 | +€578 | +311.0% |
| Remuneration and social security | 454/9 | €2,379 | €2,385 | +€6 | +0.3% |
| Other amounts payable | 47/48 | €2,274 | €1,866 | -€408 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,171 | €1,783 | -€1,388 | -43.8% |
| Other operating charges | 640/8 | €1,404 | €1,575 | +€172 | +12.2% |
| Gross operating margin | 9900 | €7,298 | €13,304 | +€6,006 | +82.3% |
| Operating profit (loss) | 9901 | €2,723 | €9,945 | +€7,222 | +265.3% |
| Financial income | 75/76B | €215 | €90 | -€125 | -58.2% |
| Recurring financial income | 75 | €215 | €90 | -€125 | -58.2% |
| Financial charges | 65/66B | €91 | €176 | +€85 | +92.9% |
| Recurring financial charges | 65 | €91 | €176 | +€85 | +92.9% |
| Profit (loss) for the period before taxes | 9903 | €2,846 | €9,859 | +€7,013 | +246.4% |
| Income taxes | 67/77 | €9,295 | €3,741 | -€5,554 | -59.8% |
| Profit (loss) for the period | 9904 | -€6,449 | €6,118 | +€12,567 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,449 | €6,118 | +€12,567 |
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 12 October 2026 via checked.be.