RAVE: 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.
What changed
RAVE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€102,248
2024 · -€2,865+€105,113
Equity
€658,784
2024 · €658,436+€348
Cash
€192,070
2024 · €70,190+€121,879
Balance sheet total
€1.2m
2024 · €1.1m+€87,762
Largest movements
Assets
- Cash +€121,879
up €121,879 (+174%), from €70,190 to €192,070
mainly Net result for the year (+€102,248) and Other debts (+€100,272)
- Tangible fixed assets -€47,706
down €47,706 (-5.0%), from €959,573 to €911,867
of which Land and buildings: -€33,516
Equity and liabilities
- Other debts +€100,272
up €100,272 (+1,889%), from €5,308 to €105,581
- Debts after one year -€26,337
down €26,337 (-12.0%), from €219,591 to €193,254
- Tax, wage and social debts +€21,116
up €21,116 (+219%), from €9,649 to €30,764
of which Taxes: +€15,401
Income statement
- Gross operating margin +€211,295
up €211,295 (+407%), from €51,913 to €263,208
- Purchases and services -€72,502
no longer reported in 2025 (was €72,502)
- Turnover -€68,800
no longer reported in 2025 (was €68,800)
- Taxes +€52,110
up €52,110 (+2,756%), from €1,891 to €54,001
- Staff costs +€45,189
up €45,189 (+1,036%), from €4,362 to €49,551
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.
Result 2024
-€2,865
Gross operating margin
+€211,295
Staff costs
-€45,189
Depreciation
-€1,476
Other operating charges
-€3,448
Financial income
-€38
Financial charges
-€384
Taxes
-€52,110
Deferred taxes and other
-€3,537
Result 2025
€102,248
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€252,238
Investment
-€2,593
Financing
-€127,766
Cash 2024
€70,190
From operations (derived)
+€252,238
Net result for the year
+€102,248
Depreciation
+€50,299
Receivables within one year
-€11,495
Deferred charges and accrued income
-€2,093
Provisions
-€3,720
Trade debts
-€4,388
Tax, wage and social debts
+€21,116
Other debts
+€100,272
Investment (derived)
-€2,593
Investment in fixed assets (net)
-€2,593
Financing
-€127,766
Debts after one year
-€26,337
Current portion of long-term debt
+€471
Contributions, distributions and other
-€101,899
Cash 2025
€192,070
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,064,394 | €1,152,155 | +€87,762 | +8.2% |
| Fixed assets | 21/28 | €963,868 | €916,162 | -€47,706 | -4.9% |
| Tangible fixed assets | 22/27 | €959,573 | €911,867 | -€47,706 | -5.0% |
| Land and buildings | 22 | €905,696 | €872,180 | -€33,516 | -3.7% |
| Plant, machinery and equipment | 23 | €368 | - | -€368 | |
| Furniture and vehicles | 24 | €52,490 | €39,177 | -€13,312 | -25.4% |
| Other tangible fixed assets | 26 | €1,020 | €510 | -€510 | -50.0% |
| Financial fixed assets | 28 | €4,295 | €4,295 | = | 0.0% |
| Current assets | 29/58 | €100,526 | €235,994 | +€135,468 | +135% |
| Amounts receivable within one year | 40/41 | €29,680 | €41,175 | +€11,495 | +38.7% |
| Trade receivables | 40 | €9,680 | €21,175 | +€11,495 | +119% |
| Other amounts receivable | 41 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,190 | €192,070 | +€121,879 | +174% |
| Deferred charges and accrued income | 490/1 | €656 | €2,749 | +€2,093 | +319% |
| Total equity and liabilities | 10/49 | €1,064,394 | €1,152,155 | +€87,762 | +8.2% |
| Equity | 10/15 | €658,436 | €658,784 | +€348 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €646,036 | €646,384 | +€348 | +0.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €420,701 | €395,460 | -€25,241 | -6.0% |
| Distributable reserves | 133 | €225,335 | €250,924 | +€25,590 | +11.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €140,234 | €136,514 | -€3,720 | -2.7% |
| Deferred taxes | 168 | €140,234 | €136,514 | -€3,720 | -2.7% |
| Amounts payable | 17/49 | €265,724 | €356,857 | +€91,133 | +34.3% |
| Amounts payable after more than one year | 17 | €219,591 | €193,254 | -€26,337 | -12.0% |
| Financial debts | 170/4 | €219,591 | €193,254 | -€26,337 | -12.0% |
| Amounts payable within one year | 42/48 | €46,133 | €163,604 | +€117,471 | +255% |
| Current portion of amounts payable after more than one year | 42 | €25,867 | €26,337 | +€471 | +1.8% |
| Trade debts | 44 | €5,309 | €921 | -€4,388 | -82.6% |
| Suppliers | 440/4 | €5,309 | €921 | -€4,388 | -82.6% |
| Taxes, remuneration and social security | 45 | €9,649 | €30,764 | +€21,116 | +219% |
| Taxes | 450/3 | €9,649 | €25,050 | +€15,401 | +160% |
| Remuneration and social security | 454/9 | - | €5,715 | +€5,715 | |
| Other amounts payable | 47/48 | €5,308 | €105,581 | +€100,272 | +1,889% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €68,800 | - | -€68,800 | |
| Goods, raw materials, services and sundry goods | 60/61 | €72,502 | - | -€72,502 | |
| Remuneration, social security and pensions | 62 | €4,362 | €49,551 | +€45,189 | +1,036% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,823 | €50,299 | +€1,476 | +3.0% |
| Other operating charges | 640/8 | €2,538 | €5,986 | +€3,448 | +136% |
| Gross operating margin | 9900 | €51,913 | €263,208 | +€211,295 | +407% |
| Operating profit (loss) | 9901 | -€3,811 | €157,372 | +€161,183 | |
| Financial income | 75/76B | €289 | €250 | -€38 | -13.3% |
| Recurring financial income | 75 | €289 | €250 | -€38 | -13.3% |
| Financial charges | 65/66B | €4,710 | €5,094 | +€384 | +8.2% |
| Recurring financial charges | 65 | €4,710 | €5,094 | +€384 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,232 | €152,528 | +€160,761 | |
| Transfer from deferred taxes | 780 | €7,257 | €7,240 | -€17 | -0.2% |
| Transfer to deferred taxes | 680 | - | €3,520 | +€3,520 | |
| Income taxes | 67/77 | €1,891 | €54,001 | +€52,110 | +2,756% |
| Profit (loss) for the period | 9904 | -€2,865 | €102,248 | +€105,113 | |
| Transfer from tax-exempt reserves | 789 | €21,772 | €25,241 | +€3,469 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,907 | €127,489 | +€108,582 | +574% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.