RAVENSHOUT: 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.
RAVENSHOUT
Largest movements
- Receivables within one year -€125,249
down €125,249 (-21.5%), from €583,850 to €458,601
of which Other amounts receivable: -€125,249
- Tangible fixed assets -€47,270
down €47,270 (-1.8%), from €2.6m to €2.6m
- Profit (loss) carried forward +€817,906
up €817,906, from -€817,906 to €0
- Reserves -€698,726
down €698,726 (-97.2%), from €718,840 to €20,115
of which Distributable reserves: -€698,726
- Debts after one year -€281,976
down €281,976 (-21.5%), from €1.3m to €1.0m
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tax, wage and social debts +€42,059
up €42,059 (+105%), from €39,939 to €81,998
- Gross operating margin +€62,753
up €62,753 (+20.2%), from €311,059 to €373,812
- Financial income -€30,810
down €30,810 (-56.1%), from €54,939 to €24,129
- Taxes +€29,812
up €29,812 (+73.8%), from €40,422 to €70,234
- Financial charges -€6,316
down €6,316 (-7.8%), from €80,728 to €74,412
- Other operating charges +€4,788
up €4,788 (+20.5%), from €23,395 to €28,183
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 | €3,594,749 | €3,435,481 | -€159,268 | -4.4% |
| Fixed assets | 21/28 | €2,624,765 | €2,577,495 | -€47,270 | -1.8% |
| Tangible fixed assets | 22/27 | €2,624,765 | €2,577,495 | -€47,270 | -1.8% |
| Land and buildings | 22 | €2,624,765 | €2,577,495 | -€47,270 | -1.8% |
| Current assets | 29/58 | €969,984 | €857,986 | -€111,998 | -11.5% |
| Amounts receivable after more than one year | 29 | €370,000 | €370,000 | = | 0.0% |
| Other amounts receivable | 291 | €370,000 | €370,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €583,850 | €458,601 | -€125,249 | -21.5% |
| Trade receivables | 40 | €19,572 | €19,572 | = | 0.0% |
| Other amounts receivable | 41 | €564,278 | €439,029 | -€125,249 | -22.2% |
| Cash at bank and in hand | 54/58 | €5,444 | €18,606 | +€13,163 | +242% |
| Deferred charges and accrued income | 490/1 | €10,690 | €10,779 | +€88 | +0.8% |
| Total equity and liabilities | 10/49 | €3,594,749 | €3,435,481 | -€159,268 | -4.4% |
| Equity | 10/15 | €1,162,434 | €1,281,615 | +€119,180 | +10.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €718,840 | €20,115 | -€698,726 | -97.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €712,690 | €13,965 | -€698,726 | -98.0% |
| Profit (loss) carried forward | 14 | -€817,906 | €0 | +€817,906 | |
| Amounts payable | 17/49 | €2,432,315 | €2,153,866 | -€278,449 | -11.4% |
| Amounts payable after more than one year | 17 | €1,313,922 | €1,031,945 | -€281,976 | -21.5% |
| Financial debts | 170/4 | €1,313,922 | €1,031,945 | -€281,976 | -21.5% |
| Amounts payable within one year | 42/48 | €1,088,061 | €1,093,262 | +€5,201 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €294,485 | €281,976 | -€12,509 | -4.2% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €112,770 | €137,813 | +€25,043 | +22.2% |
| Suppliers | 440/4 | €112,770 | €137,813 | +€25,043 | +22.2% |
| Taxes, remuneration and social security | 45 | €39,939 | €81,998 | +€42,059 | +105% |
| Taxes | 450/3 | €39,939 | €81,998 | +€42,059 | +105% |
| Other amounts payable | 47/48 | €590,866 | €591,474 | +€608 | +0.1% |
| Accrued charges and deferred income | 492/3 | €30,332 | €28,659 | -€1,673 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,980 | €105,932 | +€3,952 | +3.9% |
| Other operating charges | 640/8 | €23,395 | €28,183 | +€4,788 | +20.5% |
| Gross operating margin | 9900 | €311,059 | €373,812 | +€62,753 | +20.2% |
| Operating profit (loss) | 9901 | €185,684 | €239,697 | +€54,013 | +29.1% |
| Financial income | 75/76B | €54,939 | €24,129 | -€30,810 | -56.1% |
| Recurring financial income | 75 | €54,939 | €24,129 | -€30,810 | -56.1% |
| Financial charges | 65/66B | €80,728 | €74,412 | -€6,316 | -7.8% |
| Recurring financial charges | 65 | €80,728 | €74,412 | -€6,316 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €159,895 | €189,414 | +€29,519 | +18.5% |
| Income taxes | 67/77 | €40,422 | €70,234 | +€29,812 | +73.8% |
| Profit (loss) for the period | 9904 | €119,473 | €119,180 | -€293 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €119,473 | €119,180 | -€293 | -0.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.