Ravens.law: 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.
Ravens.law
Largest movements
- Receivables within one year +€38,088
up €38,088 (+164%), from €23,268 to €61,356
of which Trade receivables: +€21,374
- Deferred charges and accrued income +€4,190
new in 2025: €4,190
- Tangible fixed assets -€3,716
down €3,716 (-22.7%), from €16,357 to €12,641
of which Furniture and vehicles: -€5,799
- Cash +€868
up €868 (+15,847%), from €5 to €874
mainly Net result for the year (+€100,639) and Depreciation (+€6,516)
- Reserves +€41,539
up €41,539 (+182%), from €22,876 to €64,415
- Tax, wage and social debts -€4,817
down €4,817 (-33.7%), from €14,288 to €9,471
- Trade debts +€2,707
up €2,707 (+59.3%), from €4,566 to €7,273
- Gross operating margin +€52,208
up €52,208 (+57.5%), from €90,717 to €142,925
- Taxes +€12,745
up €12,745 (+56.6%), from €22,515 to €35,260
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 | €41,731 | €81,160 | +€39,430 | +94.5% |
| Fixed assets | 21/28 | €16,357 | €12,641 | -€3,716 | -22.7% |
| Tangible fixed assets | 22/27 | €16,357 | €12,641 | -€3,716 | -22.7% |
| Plant, machinery and equipment | 23 | €3,822 | €6,057 | +€2,236 | +58.5% |
| Furniture and vehicles | 24 | €11,021 | €5,222 | -€5,799 | -52.6% |
| Other tangible fixed assets | 26 | €1,515 | €1,362 | -€153 | -10.1% |
| Current assets | 29/58 | €25,374 | €68,519 | +€43,146 | +170% |
| Amounts receivable within one year | 40/41 | €23,268 | €61,356 | +€38,088 | +164% |
| Trade receivables | 40 | - | €21,374 | +€21,374 | |
| Other amounts receivable | 41 | €23,268 | €39,982 | +€16,713 | +71.8% |
| Current investments | 50/53 | €2,100 | €2,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5 | €874 | +€868 | +15,847% |
| Deferred charges and accrued income | 490/1 | - | €4,190 | +€4,190 | |
| Total equity and liabilities | 10/49 | €41,731 | €81,160 | +€39,430 | +94.5% |
| Equity | 10/15 | €22,877 | €64,416 | +€41,539 | +182% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €22,876 | €64,415 | +€41,539 | +182% |
| Distributable reserves | 133 | €22,876 | €64,415 | +€41,539 | +182% |
| Amounts payable | 17/49 | €18,854 | €16,744 | -€2,109 | -11.2% |
| Amounts payable within one year | 42/48 | €18,854 | €16,744 | -€2,109 | -11.2% |
| Trade debts | 44 | €4,566 | €7,273 | +€2,707 | +59.3% |
| Suppliers | 440/4 | €4,566 | €7,273 | +€2,707 | +59.3% |
| Taxes, remuneration and social security | 45 | €14,288 | €9,471 | -€4,817 | -33.7% |
| Taxes | 450/3 | €14,288 | €9,471 | -€4,817 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,018 | €6,516 | +€498 | +8.3% |
| Other operating charges | 640/8 | €1,352 | €341 | -€1,011 | -74.8% |
| Gross operating margin | 9900 | €90,717 | €142,925 | +€52,208 | +57.5% |
| Operating profit (loss) | 9901 | €83,347 | €136,068 | +€52,721 | +63.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €390 | €169 | -€221 | -56.6% |
| Recurring financial charges | 65 | €390 | €169 | -€221 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €82,961 | €135,899 | +€52,938 | +63.8% |
| Income taxes | 67/77 | €22,515 | €35,260 | +€12,745 | +56.6% |
| Profit (loss) for the period | 9904 | €60,446 | €100,639 | +€40,194 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,446 | €100,639 | +€40,194 | +66.5% |
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 26 October 2026 via checked.be.