RavaWind: 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.
RavaWind
Largest movements
- Tangible fixed assets -€442,076
down €442,076 (-4.4%), from €10.1m to €9.7m
of which Plant, machinery and equipment: -€440,642
- Cash -€135,931
down €135,931 (-23.3%), from €582,322 to €446,391
mainly Debts after one year (-€435,842) and Current portion of long-term debt (-€300,000)
- Debts after one year -€435,842
down €435,842 (-6.3%), from €7.0m to €6.5m
- Current portion of long-term debt -€300,000
down €300,000 (-40.8%), from €735,842 to €435,842
- Other debts +€300,000
new in 2025: €300,000
- Tax, wage and social debts -€130,540
down €130,540 (-83.6%), from €156,088 to €25,549
- Gross operating margin -€684,876
down €684,876 (-44.9%), from €1.5m to €839,846
- Financial charges -€24,328
down €24,328 (-22.8%), from €106,919 to €82,590
- Depreciation +€16,253
up €16,253 (+3.0%), from €550,823 to €567,076
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 | €10,976,472 | €10,337,665 | -€638,806 | -5.8% |
| Fixed assets | 21/28 | €10,104,681 | €9,662,605 | -€442,076 | -4.4% |
| Tangible fixed assets | 22/27 | €10,104,681 | €9,662,605 | -€442,076 | -4.4% |
| Plant, machinery and equipment | 23 | €10,103,246 | €9,662,605 | -€440,642 | -4.4% |
| Furniture and vehicles | 24 | €1,435 | - | -€1,435 | |
| Current assets | 29/58 | €871,791 | €675,061 | -€196,730 | -22.6% |
| Amounts receivable within one year | 40/41 | €245,768 | €185,233 | -€60,535 | -24.6% |
| Trade receivables | 40 | €244,569 | €182,578 | -€61,992 | -25.3% |
| Other amounts receivable | 41 | €1,199 | €2,655 | +€1,457 | +121.5% |
| Cash at bank and in hand | 54/58 | €582,322 | €446,391 | -€135,931 | -23.3% |
| Deferred charges and accrued income | 490/1 | €43,701 | €43,437 | -€264 | -0.6% |
| Total equity and liabilities | 10/49 | €10,976,472 | €10,337,665 | -€638,806 | -5.8% |
| Equity | 10/15 | €3,081,494 | €2,974,650 | -€106,844 | -3.5% |
| Contributions | 10/11 | €462,000 | €462,000 | = | 0.0% |
| Capital | 10 | €462,000 | €462,000 | = | 0.0% |
| Issued capital | 100 | €462,000 | €462,000 | = | 0.0% |
| Reserves | 13 | €46,200 | €46,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,200 | €46,200 | = | 0.0% |
| Legal reserve | 130 | €46,200 | €46,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,573,294 | €2,466,450 | -€106,844 | -4.2% |
| Amounts payable | 17/49 | €7,894,978 | €7,363,015 | -€531,963 | -6.7% |
| Amounts payable after more than one year | 17 | €6,973,473 | €6,537,631 | -€435,842 | -6.3% |
| Financial debts | 170/4 | €6,973,473 | €6,537,631 | -€435,842 | -6.3% |
| Amounts payable within one year | 42/48 | €921,112 | €795,959 | -€125,152 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €735,842 | €435,842 | -€300,000 | -40.8% |
| Trade debts | 44 | €29,182 | €34,569 | +€5,387 | +18.5% |
| Suppliers | 440/4 | €29,182 | €34,569 | +€5,387 | +18.5% |
| Taxes, remuneration and social security | 45 | €156,088 | €25,549 | -€130,540 | -83.6% |
| Taxes | 450/3 | €156,088 | €25,549 | -€130,540 | -83.6% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Accrued charges and deferred income | 492/3 | €393 | €29,425 | +€29,032 | +7392.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550,823 | €567,076 | +€16,253 | +3.0% |
| Other operating charges | 640/8 | €2,792 | €1,878 | -€914 | -32.7% |
| Gross operating margin | 9900 | €1,524,722 | €839,846 | -€684,876 | -44.9% |
| Operating profit (loss) | 9901 | €971,106 | €270,891 | -€700,215 | -72.1% |
| Financial income | 75/76B | €3,996 | €4,856 | +€860 | +21.5% |
| Recurring financial income | 75 | €3,996 | €4,856 | +€860 | +21.5% |
| Financial charges | 65/66B | €106,919 | €82,590 | -€24,328 | -22.8% |
| Recurring financial charges | 65 | €106,919 | €82,590 | -€24,328 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €868,183 | €193,156 | -€675,027 | -77.8% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €868,183 | €193,156 | -€675,027 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €868,183 | €193,156 | -€675,027 | -77.8% |
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.