RAVA: 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.
RAVA
Largest movements
- Receivables after one year +€8,336
up €8,336 (+122.1%), from €6,829 to €15,165
- Cash -€8,151
down €8,151 (-55.0%), from €14,814 to €6,664
mainly Tax, wage and social debts (-€11,350) and Receivables after one year (-€8,336)
- Deferred charges and accrued income -€4,363
down €4,363 (-93.8%), from €4,649 to €286
- Receivables within one year +€1,250
up €1,250 (+33.3%), from €3,750 to €5,000
of which Trade receivables: +€5,000
- Tangible fixed assets -€1,248
down €1,248 (-13.6%), from €9,149 to €7,901
of which Plant, machinery and equipment: -€1,248
- Tax, wage and social debts -€11,350
down €11,350 (-75.7%), from €14,991 to €3,641
- Other debts +€7,250
new in 2025: €7,250
- Reserves +€2,640
up €2,640 (+141.9%), from €1,860 to €4,500
- Profit (loss) carried forward -€2,211
down €2,211 (-85.5%), from €2,585 to €374
- Trade debts -€504
down €504 (-43.6%), from €1,156 to €651
- Gross operating margin +€826
up €826 (+30.9%), from €2,668 to €3,494
- Depreciation +€448
up €448 (+56.0%), from €800 to €1,248
- Taxes +€220
up €220 (+55.0%), from €400 to €619
- Other operating charges +€125
up €125 (+12.0%), from €1,038 to €1,163
- Financial income +€103
up €103 (+55.9%), from €183 to €286
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 | €39,192 | €35,016 | -€4,176 | -10.7% |
| Fixed assets | 21/28 | €9,149 | €7,901 | -€1,248 | -13.6% |
| Tangible fixed assets | 22/27 | €9,149 | €7,901 | -€1,248 | -13.6% |
| Plant, machinery and equipment | 23 | €3,849 | €2,601 | -€1,248 | -32.4% |
| Other tangible fixed assets | 26 | €5,300 | €5,300 | = | 0.0% |
| Current assets | 29/58 | €30,042 | €27,114 | -€2,928 | -9.7% |
| Amounts receivable after more than one year | 29 | €6,829 | €15,165 | +€8,336 | +122.1% |
| Other amounts receivable | 291 | €6,829 | €15,165 | +€8,336 | +122.1% |
| Amounts receivable within one year | 40/41 | €3,750 | €5,000 | +€1,250 | +33.3% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €3,750 | - | -€3,750 | |
| Cash at bank and in hand | 54/58 | €14,814 | €6,664 | -€8,151 | -55.0% |
| Deferred charges and accrued income | 490/1 | €4,649 | €286 | -€4,363 | -93.8% |
| Total equity and liabilities | 10/49 | €39,192 | €35,016 | -€4,176 | -10.7% |
| Equity | 10/15 | €23,045 | €23,474 | +€429 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €4,500 | +€2,640 | +141.9% |
| Distributable reserves | 133 | €1,860 | €4,500 | +€2,640 | +141.9% |
| Profit (loss) carried forward | 14 | €2,585 | €374 | -€2,211 | -85.5% |
| Amounts payable | 17/49 | €16,147 | €11,542 | -€4,605 | -28.5% |
| Amounts payable within one year | 42/48 | €16,147 | €11,542 | -€4,605 | -28.5% |
| Trade debts | 44 | €1,156 | €651 | -€504 | -43.6% |
| Suppliers | 440/4 | €1,156 | €651 | -€504 | -43.6% |
| Taxes, remuneration and social security | 45 | €14,991 | €3,641 | -€11,350 | -75.7% |
| Taxes | 450/3 | €14,991 | €3,641 | -€11,350 | -75.7% |
| Other amounts payable | 47/48 | - | €7,250 | +€7,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €1,248 | +€448 | +56.0% |
| Other operating charges | 640/8 | €1,038 | €1,163 | +€125 | +12.0% |
| Gross operating margin | 9900 | €2,668 | €3,494 | +€826 | +30.9% |
| Operating profit (loss) | 9901 | €830 | €1,083 | +€253 | +30.5% |
| Financial income | 75/76B | €183 | €286 | +€103 | +55.9% |
| Recurring financial income | 75 | €183 | €286 | +€103 | +55.9% |
| Financial charges | 65/66B | €226 | €321 | +€95 | +42.3% |
| Recurring financial charges | 65 | €226 | €321 | +€95 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €788 | €1,048 | +€260 | +33.0% |
| Income taxes | 67/77 | €400 | €619 | +€220 | +55.0% |
| Profit (loss) for the period | 9904 | €388 | €429 | +€40 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €388 | €429 | +€40 | +10.4% |
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 8 October 2026 via checked.be.