RAVAGO LOGISTICS: 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.
RAVAGO LOGISTICS
Largest movements
- Receivables within one year +€497,990
up €497,990 (+137.6%), from €361,934 to €859,924
of which Other amounts receivable: +€443,032
- Tangible fixed assets -€411,538
down €411,538 (-29.5%), from €1.4m to €981,636
of which Furniture and vehicles: -€229,654
- Trade debts +€261,182
up €261,182 (+140.2%), from €186,279 to €447,461
- Debts after one year -€141,058
down €141,058 (-24.4%), from €578,640 to €437,581
- Gross operating margin -€171,094
down €171,094 (-8.8%), from €1.9m to €1.8m
- Staff costs -€52,784
down €52,784 (-4.7%), from €1.1m to €1.1m
- Depreciation -€52,179
down €52,179 (-11.6%), from €448,756 to €396,577
- Other operating charges -€35,619
down €35,619 (-15.8%), from €224,767 to €189,147
- Financial charges -€24,017
down €24,017 (-42.6%), from €56,388 to €32,370
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,768,665 | €1,855,565 | +€86,900 | +4.9% |
| Fixed assets | 21/28 | €1,396,599 | €982,353 | -€414,245 | -29.7% |
| Intangible fixed assets | 21 | €2,707 | - | -€2,707 | |
| Tangible fixed assets | 22/27 | €1,393,175 | €981,636 | -€411,538 | -29.5% |
| Plant, machinery and equipment | 23 | €139,923 | €100,845 | -€39,078 | -27.9% |
| Furniture and vehicles | 24 | €553,107 | €323,452 | -€229,654 | -41.5% |
| Leasing and similar rights | 25 | €700,145 | €557,339 | -€142,806 | -20.4% |
| Financial fixed assets | 28 | €717 | €717 | = | 0.0% |
| Current assets | 29/58 | €372,067 | €873,212 | +€501,145 | +134.7% |
| Amounts receivable within one year | 40/41 | €361,934 | €859,924 | +€497,990 | +137.6% |
| Trade receivables | 40 | €61,093 | €116,051 | +€54,958 | +90.0% |
| Other amounts receivable | 41 | €300,841 | €743,873 | +€443,032 | +147.3% |
| Deferred charges and accrued income | 490/1 | €10,133 | €13,288 | +€3,155 | +31.1% |
| Total equity and liabilities | 10/49 | €1,768,665 | €1,855,565 | +€86,900 | +4.9% |
| Equity | 10/15 | €616,143 | €612,222 | -€3,921 | -0.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €416,143 | €412,222 | -€3,921 | -0.9% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €392,222 | €392,222 | = | 0.0% |
| Distributable reserves | 133 | €3,921 | - | -€3,921 | |
| Amounts payable | 17/49 | €1,152,523 | €1,243,343 | +€90,820 | +7.9% |
| Amounts payable after more than one year | 17 | €578,640 | €437,581 | -€141,058 | -24.4% |
| Financial debts | 170/4 | €578,640 | €437,581 | -€141,058 | -24.4% |
| Amounts payable within one year | 42/48 | €573,883 | €805,762 | +€231,879 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €136,261 | €141,063 | +€4,802 | +3.5% |
| Trade debts | 44 | €186,279 | €447,461 | +€261,182 | +140.2% |
| Suppliers | 440/4 | €186,279 | €447,461 | +€261,182 | +140.2% |
| Taxes, remuneration and social security | 45 | €176,343 | €157,916 | -€18,426 | -10.4% |
| Taxes | 450/3 | €60,722 | €39,878 | -€20,844 | -34.3% |
| Remuneration and social security | 454/9 | €115,620 | €118,038 | +€2,418 | +2.1% |
| Other amounts payable | 47/48 | €75,000 | €59,321 | -€15,679 | -20.9% |
| Non-recurring operating income | 76A | €37,600 | - | -€37,600 | |
| Remuneration, social security and pensions | 62 | €1,112,464 | €1,059,680 | -€52,784 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448,756 | €396,577 | -€52,179 | -11.6% |
| Other operating charges | 640/8 | €224,767 | €189,147 | -€35,619 | -15.8% |
| Non-recurring operating charges | 66A | - | €6,698 | +€6,698 | |
| Gross operating margin | 9900 | €1,937,202 | €1,766,107 | -€171,094 | -8.8% |
| Operating profit (loss) | 9901 | €151,215 | €114,005 | -€37,210 | -24.6% |
| Financial income | 75/76B | - | €6,506 | +€6,506 | |
| Recurring financial income | 75 | - | €6,506 | +€6,506 | |
| Financial charges | 65/66B | €56,388 | €32,370 | -€24,017 | -42.6% |
| Recurring financial charges | 65 | €56,388 | €32,370 | -€24,017 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €94,827 | €88,141 | -€6,687 | -7.1% |
| Income taxes | 67/77 | €18,292 | €32,740 | +€14,448 | +79.0% |
| Profit (loss) for the period | 9904 | €76,536 | €55,400 | -€21,135 | -27.6% |
| Transfer to tax-exempt reserves | 689 | €9,500 | - | -€9,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,036 | €55,400 | -€11,635 | -17.4% |
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.