RAVAS BELUX: 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.
RAVAS BELUX
Largest movements
- Receivables within one year +€572,808
up €572,808 (+52.9%), from €1.1m to €1.7m
of which Trade receivables: +€514,137
- Other debts +€522,687
up €522,687 (+60.2%), from €867,615 to €1.4m
- Profit (loss) carried forward +€23,712
up €23,712 (+15.5%), from €153,029 to €176,741
- Gross operating margin +€91,473
up €91,473 (+34.1%), from €267,863 to €359,336
- Staff costs +€88,674
up €88,674 (+40.6%), from €218,324 to €306,997
- Financial income -€30,426
down €30,426 (-97.9%), from €31,081 to €655
- Financial charges -€24,435
down €24,435 (-82.1%), from €29,753 to €5,318
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 | €1,114,929 | €1,686,326 | +€571,397 | +51.2% |
| Fixed assets | 21/28 | €21,985 | €26,441 | +€4,457 | +20.3% |
| Tangible fixed assets | 22/27 | €21,985 | €26,441 | +€4,457 | +20.3% |
| Land and buildings | 22 | €7,734 | €0 | -€7,734 | -100% |
| Furniture and vehicles | 24 | €14,251 | €26,441 | +€12,191 | +85.5% |
| Current assets | 29/58 | €1,092,944 | €1,659,885 | +€566,941 | +51.9% |
| Amounts receivable within one year | 40/41 | €1,083,055 | €1,655,864 | +€572,808 | +52.9% |
| Trade receivables | 40 | €867,615 | €1,381,752 | +€514,137 | +59.3% |
| Other amounts receivable | 41 | €215,440 | €274,111 | +€58,672 | +27.2% |
| Cash at bank and in hand | 54/58 | - | €3,826 | +€3,826 | |
| Deferred charges and accrued income | 490/1 | €9,889 | €195 | -€9,694 | -98.0% |
| Total equity and liabilities | 10/49 | €1,114,929 | €1,686,326 | +€571,397 | +51.2% |
| Equity | 10/15 | €169,029 | €192,741 | +€23,712 | +14.0% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,029 | €176,741 | +€23,712 | +15.5% |
| Amounts payable | 17/49 | €945,900 | €1,493,585 | +€547,685 | +57.9% |
| Amounts payable within one year | 42/48 | €937,200 | €1,476,519 | +€539,319 | +57.5% |
| Trade debts | 44 | €23,976 | €25,064 | +€1,088 | +4.5% |
| Suppliers | 440/4 | €23,976 | €25,064 | +€1,088 | +4.5% |
| Taxes, remuneration and social security | 45 | €45,608 | €61,152 | +€15,544 | +34.1% |
| Taxes | 450/3 | €0 | €10,930 | +€10,930 | |
| Remuneration and social security | 454/9 | €45,608 | €50,222 | +€4,614 | +10.1% |
| Other amounts payable | 47/48 | €867,615 | €1,390,303 | +€522,687 | +60.2% |
| Accrued charges and deferred income | 492/3 | €8,700 | €17,066 | +€8,366 | +96.2% |
| Remuneration, social security and pensions | 62 | €218,324 | €306,997 | +€88,674 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,662 | €11,974 | -€688 | -5.4% |
| Other operating charges | 640/8 | €698 | €3,733 | +€3,036 | +435% |
| Gross operating margin | 9900 | €267,863 | €359,336 | +€91,473 | +34.1% |
| Operating profit (loss) | 9901 | €36,179 | €36,632 | +€453 | +1.3% |
| Financial income | 75/76B | €31,081 | €655 | -€30,426 | -97.9% |
| Recurring financial income | 75 | €31,081 | €655 | -€30,426 | -97.9% |
| Financial charges | 65/66B | €29,753 | €5,318 | -€24,435 | -82.1% |
| Recurring financial charges | 65 | €29,753 | €5,318 | -€24,435 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €37,507 | €31,969 | -€5,538 | -14.8% |
| Income taxes | 67/77 | €9,456 | €8,257 | -€1,199 | -12.7% |
| Profit (loss) for the period | 9904 | €28,051 | €23,712 | -€4,339 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,051 | €23,712 | -€4,339 | -15.5% |
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 31 October 2026 via checked.be.