RAVENSBURGER: 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.
What changed
RAVENSBURGER
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€195,707
2024 · €273,073-€77,366
Equity
€2.3m
2024 · €2.1m+€195,707
Cash
-
2024 · €0
Balance sheet total
€3.2m
2024 · €3.0m+€137,886
Largest movements
Assets
- Receivables within one year +€128,492
up €128,492 (+4.3%), from €3.0m to €3.1m
of which Other amounts receivable: +€159,599
Equity and liabilities
- Profit (loss) carried forward +€195,707
up €195,707 (+12.4%), from €1.6m to €1.8m
- Provisions -€40,743
down €40,743 (-44.1%), from €92,337 to €51,594
- Trade debts -€33,636
down €33,636 (-4.6%), from €726,658 to €693,022
Income statement
- Turnover -€3.1m
down €3.1m (-29.1%), from €10.6m to €7.5m
- Purchases and services -€2.8m
down €2.8m (-29.4%), from €9.6m to €6.8m
- Gross operating margin -€255,475
down €255,475 (-25.5%), from €1.0m to €746,893
- Provisions -€115,257
down €115,257, from €73,257 to -€42,000
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.
Result 2024
€273,073
Gross operating margin
-€255,475
Staff costs
-€72,271
Depreciation
+€50
Write-downs
+€85,799
Provisions
+€115,257
Other operating charges
+€1,559
Other operating items
+€3,666
Financial income
-€29,344
Financial charges
+€30,106
Taxes
+€43,287
Result 2025
€195,707
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2,737
Investment
-€2,737
Financing
€0
Cash 2024
€0
From operations (derived)
+€2,737
Net result for the year
+€195,707
Depreciation
+€1,730
Receivables within one year
-€128,492
Deferred charges and accrued income
-€8,387
Provisions
-€40,743
Trade debts
-€33,636
Tax, wage and social debts
+€16,558
Investment (derived)
-€2,737
Investment in fixed assets (net)
-€2,737
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,034,478 | €3,172,364 | +€137,886 | +4.5% |
| Fixed assets | 21/28 | €9,608 | €10,615 | +€1,007 | +10.5% |
| Intangible fixed assets | 21 | €3,938 | €4,945 | +€1,007 | +25.6% |
| Financial fixed assets | 28 | €5,670 | €5,670 | = | 0.0% |
| Current assets | 29/58 | €3,024,870 | €3,161,749 | +€136,879 | +4.5% |
| Amounts receivable within one year | 40/41 | €2,983,063 | €3,111,555 | +€128,492 | +4.3% |
| Trade receivables | 40 | €873,024 | €841,917 | -€31,107 | -3.6% |
| Other amounts receivable | 41 | €2,110,039 | €2,269,638 | +€159,599 | +7.6% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €41,807 | €50,194 | +€8,387 | +20.1% |
| Total equity and liabilities | 10/49 | €3,034,478 | €3,172,364 | +€137,886 | +4.5% |
| Equity | 10/15 | €2,131,540 | €2,327,247 | +€195,707 | +9.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,581,540 | €1,777,247 | +€195,707 | +12.4% |
| Provisions and deferred taxes | 16 | €92,337 | €51,594 | -€40,743 | -44.1% |
| Provisions for liabilities and charges | 160/5 | €92,337 | €51,594 | -€40,743 | -44.1% |
| Pensions and similar obligations | 160 | €20,337 | €21,594 | +€1,257 | +6.2% |
| Other liabilities and charges | 164/5 | €72,000 | €30,000 | -€42,000 | -58.3% |
| Amounts payable | 17/49 | €810,601 | €793,523 | -€17,078 | -2.1% |
| Amounts payable within one year | 42/48 | €810,601 | €793,523 | -€17,078 | -2.1% |
| Trade debts | 44 | €726,658 | €693,022 | -€33,636 | -4.6% |
| Suppliers | 440/4 | €726,658 | €693,022 | -€33,636 | -4.6% |
| Taxes, remuneration and social security | 45 | €83,943 | €100,501 | +€16,558 | +19.7% |
| Taxes | 450/3 | €23,669 | €22,564 | -€1,105 | -4.7% |
| Remuneration and social security | 454/9 | €60,274 | €77,937 | +€17,663 | +29.3% |
| Turnover | 70 | €10,576,943 | €7,503,002 | -€3.1m | -29.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,574,575 | €6,756,109 | -€2.8m | -29.4% |
| Remuneration, social security and pensions | 62 | €445,269 | €517,540 | +€72,271 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,780 | €1,730 | -€50 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €72,526 | -€13,273 | -€85,799 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €73,257 | -€42,000 | -€115,257 | |
| Other operating charges | 640/8 | €6,588 | €5,029 | -€1,559 | -23.7% |
| Non-recurring operating charges | 66A | €17,054 | €13,388 | -€3,666 | -21.5% |
| Gross operating margin | 9900 | €1,002,368 | €746,893 | -€255,475 | -25.5% |
| Operating profit (loss) | 9901 | €385,894 | €264,479 | -€121,415 | -31.5% |
| Financial income | 75/76B | €79,783 | €50,439 | -€29,344 | -36.8% |
| Recurring financial income | 75 | €79,783 | €50,439 | -€29,344 | -36.8% |
| Financial charges | 65/66B | €76,755 | €46,649 | -€30,106 | -39.2% |
| Recurring financial charges | 65 | €76,755 | €46,649 | -€30,106 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €388,922 | €268,269 | -€120,653 | -31.0% |
| Income taxes | 67/77 | €115,849 | €72,562 | -€43,287 | -37.4% |
| Profit (loss) for the period | 9904 | €273,073 | €195,707 | -€77,366 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €273,073 | €195,707 | -€77,366 | -28.3% |
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 18 October 2026 via checked.be.