Ravenant: 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.
Ravenant
Largest movements
- Receivables within one year -€214,486
down €214,486 (-90.4%), from €237,357 to €22,871
of which Other amounts receivable: -€233,573
- Tangible fixed assets +€52,927
up €52,927 (+4292.9%), from €1,233 to €54,160
of which Furniture and vehicles: +€54,160
- Cash +€29,488
up €29,488 (+666.8%), from €4,422 to €33,910
mainly Receivables within one year (+€214,486) and Other debts (+€85,553)
- Deferred charges and accrued income -€9,526
down €9,526 (-64.8%), from €14,699 to €5,173
- Reserves -€234,522
no longer reported in 2025 (was €234,522)
- Other debts +€85,553
new in 2025: €85,553
- Tax, wage and social debts +€7,859
up €7,859 (+237.4%), from €3,310 to €11,169
of which Remuneration and social security: +€4,585
- Gross operating margin +€91,248
up €91,248, from -€3,198 to €88,050
- Taxes +€18,634
up €18,634 (+668.8%), from €2,786 to €21,420
- Financial income -€9,513
down €9,513 (-64.7%), from €14,713 to €5,200
- Depreciation +€7,417
up €7,417 (+598.3%), from €1,240 to €8,657
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 | €257,712 | €116,114 | -€141,597 | -54.9% |
| Fixed assets | 21/28 | €1,233 | €54,160 | +€52,927 | +4292.9% |
| Tangible fixed assets | 22/27 | €1,233 | €54,160 | +€52,927 | +4292.9% |
| Plant, machinery and equipment | 23 | €1,233 | - | -€1,233 | |
| Furniture and vehicles | 24 | - | €54,160 | +€54,160 | |
| Current assets | 29/58 | €256,479 | €61,955 | -€194,524 | -75.8% |
| Amounts receivable within one year | 40/41 | €237,357 | €22,871 | -€214,486 | -90.4% |
| Trade receivables | 40 | - | €19,087 | +€19,087 | |
| Other amounts receivable | 41 | €237,357 | €3,784 | -€233,573 | -98.4% |
| Cash at bank and in hand | 54/58 | €4,422 | €33,910 | +€29,488 | +666.8% |
| Deferred charges and accrued income | 490/1 | €14,699 | €5,173 | -€9,526 | -64.8% |
| Total equity and liabilities | 10/49 | €257,712 | €116,114 | -€141,597 | -54.9% |
| Equity | 10/15 | €253,122 | €18,600 | -€234,522 | -92.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,522 | - | -€234,522 | |
| Distributable reserves | 133 | €234,522 | - | -€234,522 | |
| Amounts payable | 17/49 | €4,589 | €97,514 | +€92,925 | +2024.7% |
| Amounts payable within one year | 42/48 | €4,589 | €97,514 | +€92,925 | +2024.7% |
| Trade debts | 44 | €1,279 | €792 | -€487 | -38.1% |
| Suppliers | 440/4 | €1,279 | €792 | -€487 | -38.1% |
| Taxes, remuneration and social security | 45 | €3,310 | €11,169 | +€7,859 | +237.4% |
| Taxes | 450/3 | €3,310 | €6,584 | +€3,274 | +98.9% |
| Remuneration and social security | 454/9 | - | €4,585 | +€4,585 | |
| Other amounts payable | 47/48 | - | €85,553 | +€85,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €8,657 | +€7,417 | +598.3% |
| Other operating charges | 640/8 | - | €528 | +€528 | |
| Gross operating margin | 9900 | -€3,198 | €88,050 | +€91,248 | |
| Operating profit (loss) | 9901 | -€4,438 | €78,865 | +€83,303 | |
| Financial income | 75/76B | €14,713 | €5,200 | -€9,513 | -64.7% |
| Recurring financial income | 75 | €14,713 | €5,200 | -€9,513 | -64.7% |
| Financial charges | 65/66B | €50 | €246 | +€196 | +391.4% |
| Recurring financial charges | 65 | €50 | €246 | +€196 | +391.4% |
| Profit (loss) for the period before taxes | 9903 | €10,225 | €83,819 | +€73,594 | +719.7% |
| Income taxes | 67/77 | €2,786 | €21,420 | +€18,634 | +668.8% |
| Profit (loss) for the period | 9904 | €7,439 | €62,399 | +€54,960 | +738.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,439 | €62,399 | +€54,960 | +738.8% |
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 12 October 2026 via checked.be.