RAVEC: 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.
RAVEC
Largest movements
- Deferred charges and accrued income -€2,031
down €2,031 (-29.6%), from €6,856 to €4,825
- Receivables within one year -€2,004
down €2,004 (-4.4%), from €45,277 to €43,273
of which Other amounts receivable: -€7,886
- Tangible fixed assets -€549
down €549 (-32.6%), from €1,684 to €1,135
- Other debts -€2,850
no longer reported in 2025 (was €2,850)
- Short-term financial debts -€1,593
down €1,593 (-38.5%), from €4,141 to €2,548
- Profit (loss) carried forward -€640
down €640 (-5.6%), from -€11,508 to -€12,147
- Gross operating margin +€1,506
up €1,506 (+117%), from €1,289 to €2,794
- Other operating charges +€1,051
up €1,051 (+131%), from €803 to €1,854
- Financial income -€819
down €819 (-53.0%), from €1,544 to €725
- Taxes +€160
up €160 (+16.0%), from €1,003 to €1,164
- Financial charges -€112
down €112 (-15.8%), from €704 to €593
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
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 | €53,817 | €49,233 | -€4,583 | -8.5% |
| Fixed assets | 21/28 | €1,684 | €1,135 | -€549 | -32.6% |
| Tangible fixed assets | 22/27 | €1,684 | €1,135 | -€549 | -32.6% |
| Furniture and vehicles | 24 | €1,684 | €1,135 | -€549 | -32.6% |
| Current assets | 29/58 | €52,133 | €48,098 | -€4,035 | -7.7% |
| Amounts receivable within one year | 40/41 | €45,277 | €43,273 | -€2,004 | -4.4% |
| Trade receivables | 40 | €16,657 | €22,540 | +€5,882 | +35.3% |
| Other amounts receivable | 41 | €28,620 | €20,733 | -€7,886 | -27.6% |
| Deferred charges and accrued income | 490/1 | €6,856 | €4,825 | -€2,031 | -29.6% |
| Total equity and liabilities | 10/49 | €53,817 | €49,233 | -€4,583 | -8.5% |
| Equity | 10/15 | €40,682 | €40,042 | -€640 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,590 | €33,590 | = | 0.0% |
| Distributable reserves | 133 | €33,590 | €33,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,508 | -€12,147 | -€640 | -5.6% |
| Amounts payable | 17/49 | €13,135 | €9,191 | -€3,944 | -30.0% |
| Amounts payable within one year | 42/48 | €13,135 | €9,191 | -€3,944 | -30.0% |
| Financial debts | 43 | €4,141 | €2,548 | -€1,593 | -38.5% |
| Credit institutions | 430/8 | €4,141 | €2,548 | -€1,593 | -38.5% |
| Trade debts | 44 | €4,990 | €5,479 | +€489 | +9.8% |
| Suppliers | 440/4 | €4,990 | €5,479 | +€489 | +9.8% |
| Taxes, remuneration and social security | 45 | €1,153 | €1,164 | +€10 | +0.9% |
| Taxes | 450/3 | €1,153 | €1,164 | +€10 | +0.9% |
| Other amounts payable | 47/48 | €2,850 | - | -€2,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549 | €549 | = | 0.0% |
| Other operating charges | 640/8 | €803 | €1,854 | +€1,051 | +131% |
| Gross operating margin | 9900 | €1,289 | €2,794 | +€1,506 | +117% |
| Operating profit (loss) | 9901 | -€63 | €391 | +€454 | |
| Financial income | 75/76B | €1,544 | €725 | -€819 | -53.0% |
| Recurring financial income | 75 | €1,544 | €725 | -€819 | -53.0% |
| Financial charges | 65/66B | €704 | €593 | -€112 | -15.8% |
| Recurring financial charges | 65 | €704 | €593 | -€112 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €777 | €524 | -€253 | -32.5% |
| Income taxes | 67/77 | €1,003 | €1,164 | +€160 | +16.0% |
| Profit (loss) for the period | 9904 | -€226 | -€640 | -€413 | -183% |
| Profit (loss) for the period to be appropriated | 9905 | -€226 | -€640 | -€413 | -183% |
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 21 October 2026 via checked.be.