Raven Enterprises: 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.
Raven Enterprises
Largest movements
- Receivables within one year +€23,373
up €23,373 (+31.2%), from €74,933 to €98,306
- Tangible fixed assets +€5,854
new in 2025: €5,854
- Cash +€3,439
up €3,439 (+22.2%), from €15,499 to €18,938
mainly Net result for the year (+€27,489) and Tax, wage and social debts (+€6,717)
- Reserves +€27,489
up €27,489 (+71.9%), from €38,240 to €65,729
- Tax, wage and social debts +€6,717
up €6,717 (+24.1%), from €27,846 to €34,563
- Trade debts -€2,026
down €2,026 (-12.3%), from €16,491 to €14,465
- Gross operating margin -€8,330
down €8,330 (-15.5%), from €53,611 to €45,281
- Taxes +€1,359
up €1,359 (+12.5%), from €10,910 to €12,269
- Financial charges +€1,033
up €1,033 (+36.0%), from €2,870 to €3,903
of which Financial charges: +€1,602
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 | €90,433 | €123,099 | +€32,666 | +36.1% |
| Fixed assets | 21/28 | - | €5,854 | +€5,854 | |
| Tangible fixed assets | 22/27 | - | €5,854 | +€5,854 | |
| Plant, machinery and equipment | 23 | - | €2,589 | +€2,589 | |
| Furniture and vehicles | 24 | - | €697 | +€697 | |
| Other tangible fixed assets | 26 | - | €2,568 | +€2,568 | |
| Current assets | 29/58 | €90,433 | €117,245 | +€26,812 | +29.6% |
| Amounts receivable within one year | 40/41 | €74,933 | €98,306 | +€23,373 | +31.2% |
| Trade receivables | 40 | €74,933 | €98,306 | +€23,373 | +31.2% |
| Cash at bank and in hand | 54/58 | €15,499 | €18,938 | +€3,439 | +22.2% |
| Total equity and liabilities | 10/49 | €90,433 | €123,099 | +€32,666 | +36.1% |
| Equity | 10/15 | €41,240 | €68,729 | +€27,489 | +66.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,240 | €65,729 | +€27,489 | +71.9% |
| Distributable reserves | 133 | €38,240 | €65,729 | +€27,489 | +71.9% |
| Amounts payable | 17/49 | €49,192 | €54,369 | +€5,177 | +10.5% |
| Amounts payable within one year | 42/48 | €49,192 | €54,369 | +€5,177 | +10.5% |
| Trade debts | 44 | €16,491 | €14,465 | -€2,026 | -12.3% |
| Suppliers | 440/4 | €16,491 | €14,465 | -€2,026 | -12.3% |
| Taxes, remuneration and social security | 45 | €27,846 | €34,563 | +€6,717 | +24.1% |
| Taxes | 450/3 | €27,846 | €34,563 | +€6,717 | +24.1% |
| Other amounts payable | 47/48 | €4,855 | €5,341 | +€486 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €625 | -€475 | -43.2% |
| Other operating charges | 640/8 | €490 | €996 | +€505 | +103% |
| Gross operating margin | 9900 | €53,611 | €45,281 | -€8,330 | -15.5% |
| Operating profit (loss) | 9901 | €52,021 | €43,660 | -€8,361 | -16.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,870 | €3,903 | +€1,033 | +36.0% |
| Recurring financial charges | 65 | €2,301 | €3,903 | +€1,602 | +69.6% |
| Non-recurring financial charges | 66B | €570 | €0 | -€570 | -100% |
| Profit (loss) for the period before taxes | 9903 | €49,150 | €39,758 | -€9,392 | -19.1% |
| Income taxes | 67/77 | €10,910 | €12,269 | +€1,359 | +12.5% |
| Profit (loss) for the period | 9904 | €38,240 | €27,489 | -€10,751 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,240 | €27,489 | -€10,751 | -28.1% |
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 25 October 2026 via checked.be.