RAVELLE: 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.
RAVELLE
Largest movements
- Cash +€103,122
up €103,122 (+33.3%), from €310,057 to €413,178
mainly Other debts (+€817,266) and Net result for the year (+€330,348)
- Receivables within one year -€59,560
down €59,560 (-50.9%), from €117,016 to €57,456
of which Trade receivables: -€107,557
- Tangible fixed assets +€51,061
up €51,061 (+2.6%), from €1.9m to €2.0m
of which Land and buildings: +€51,732
- Other debts +€817,266
up €817,266 (+33,121%), from €2,467 to €819,733
- Reserves -€744,652
down €744,652 (-29.6%), from €2.5m to €1.8m
of which Distributable reserves: -€744,652
- Gross operating margin -€404,929
down €404,929 (-57.2%), from €708,276 to €303,348
- Financial income -€187,984
down €187,984 (-58.4%), from €321,850 to €133,866
of which Financial income: -€187,984
- Taxes -€97,964
down €97,964 (-63.4%), from €154,635 to €56,671
- Financial charges -€30,431
down €30,431 (-79.1%), from €38,464 to €8,033
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,563,647 | €2,640,144 | +€76,497 | +3.0% |
| Fixed assets | 21/28 | €1,945,653 | €1,996,714 | +€51,061 | +2.6% |
| Tangible fixed assets | 22/27 | €1,936,653 | €1,987,714 | +€51,061 | +2.6% |
| Land and buildings | 22 | €1,934,180 | €1,985,912 | +€51,732 | +2.7% |
| Furniture and vehicles | 24 | €2,474 | €1,802 | -€671 | -27.1% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €617,994 | €643,430 | +€25,436 | +4.1% |
| Amounts receivable after more than one year | 29 | €187,500 | €172,200 | -€15,300 | -8.2% |
| Other amounts receivable | 291 | €187,500 | €172,200 | -€15,300 | -8.2% |
| Amounts receivable within one year | 40/41 | €117,016 | €57,456 | -€59,560 | -50.9% |
| Trade receivables | 40 | €116,513 | €8,956 | -€107,557 | -92.3% |
| Other amounts receivable | 41 | €503 | €48,500 | +€47,997 | +9,552% |
| Cash at bank and in hand | 54/58 | €310,057 | €413,178 | +€103,122 | +33.3% |
| Deferred charges and accrued income | 490/1 | €3,422 | €596 | -€2,826 | -82.6% |
| Total equity and liabilities | 10/49 | €2,563,647 | €2,640,144 | +€76,497 | +3.0% |
| Equity | 10/15 | €2,533,132 | €1,788,480 | -€744,652 | -29.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,513,132 | €1,768,480 | -€744,652 | -29.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,511,132 | €1,766,480 | -€744,652 | -29.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,515 | €851,664 | +€821,149 | +2,691% |
| Amounts payable after more than one year | 17 | €0 | €1,650 | +€1,650 | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €1,650 | +€1,650 | |
| Amounts payable within one year | 42/48 | €30,515 | €850,014 | +€819,499 | +2,686% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,235 | €6,338 | -€897 | -12.4% |
| Suppliers | 440/4 | €7,235 | €6,338 | -€897 | -12.4% |
| Taxes, remuneration and social security | 45 | €20,812 | €23,943 | +€3,131 | +15.0% |
| Taxes | 450/3 | €20,812 | €23,943 | +€3,131 | +15.0% |
| Other amounts payable | 47/48 | €2,467 | €819,733 | +€817,266 | +33,121% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €49,701 | +€49,701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,228 | €36,916 | +€2,688 | +7.9% |
| Other operating charges | 640/8 | €9,084 | €5,246 | -€3,839 | -42.3% |
| Gross operating margin | 9900 | €708,276 | €303,348 | -€404,929 | -57.2% |
| Operating profit (loss) | 9901 | €664,964 | €261,186 | -€403,778 | -60.7% |
| Financial income | 75/76B | €321,850 | €133,866 | -€187,984 | -58.4% |
| Recurring financial income | 75 | €321,850 | €133,866 | -€187,984 | -58.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €38,464 | €8,033 | -€30,431 | -79.1% |
| Recurring financial charges | 65 | €38,464 | €8,033 | -€30,431 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | €948,350 | €387,019 | -€561,331 | -59.2% |
| Income taxes | 67/77 | €154,635 | €56,671 | -€97,964 | -63.4% |
| Profit (loss) for the period | 9904 | €793,715 | €330,348 | -€463,367 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €793,715 | €330,348 | -€463,367 | -58.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.