Ravenstone: what changed
Ravenstone
Largest movements
- Cash +€12,281
up €12,281 (+296%), from €4,155 to €16,436
mainly Other debts (+€21,422) and Depreciation (+€7,074)
- Receivables within one year +€11,332
up €11,332 (+3,986%), from €284 to €11,616
of which Trade receivables: +€10,151
- Tangible fixed assets -€5,069
down €5,069 (-6.6%), from €76,787 to €71,718
of which Land and buildings: -€6,414
- Other debts +€21,422
up €21,422 (+604%), from €3,547 to €24,969
- Debts after one year -€4,289
down €4,289 (-8.9%), from €48,332 to €44,043
- Reserves +€1,300
up €1,300 (+11.3%), from €11,555 to €12,855
- Trade debts +€1,055
up €1,055 (+264%), from €399 to €1,455
- Gross operating margin -€18,355
down €18,355 (-58.3%), from €31,484 to €13,130
- Depreciation -€773
down €773 (-9.9%), from €7,847 to €7,074
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,557 | €100,114 | +€18,557 | +22.8% |
| Fixed assets | 21/28 | €76,787 | €71,718 | -€5,069 | -6.6% |
| Tangible fixed assets | 22/27 | €76,787 | €71,718 | -€5,069 | -6.6% |
| Land and buildings | 22 | €73,246 | €66,832 | -€6,414 | -8.8% |
| Furniture and vehicles | 24 | €3,541 | €4,886 | +€1,345 | +38.0% |
| Current assets | 29/58 | €4,770 | €28,397 | +€23,626 | +495% |
| Amounts receivable within one year | 40/41 | €284 | €11,616 | +€11,332 | +3,986% |
| Trade receivables | 40 | €0 | €10,151 | +€10,151 | |
| Other amounts receivable | 41 | €284 | €1,465 | +€1,181 | +415% |
| Cash at bank and in hand | 54/58 | €4,155 | €16,436 | +€12,281 | +296% |
| Deferred charges and accrued income | 490/1 | €331 | €344 | +€14 | +4.1% |
| Total equity and liabilities | 10/49 | €81,557 | €100,114 | +€18,557 | +22.8% |
| Equity | 10/15 | €23,955 | €25,255 | +€1,300 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,555 | €12,855 | +€1,300 | +11.3% |
| Distributable reserves | 133 | €11,555 | €12,855 | +€1,300 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €57,602 | €74,859 | +€17,257 | +30.0% |
| Amounts payable after more than one year | 17 | €48,332 | €44,043 | -€4,289 | -8.9% |
| Financial debts | 170/4 | €48,332 | €44,043 | -€4,289 | -8.9% |
| Amounts payable within one year | 42/48 | €9,270 | €30,797 | +€21,526 | +232% |
| Current portion of amounts payable after more than one year | 42 | €5,324 | €4,373 | -€951 | -17.9% |
| Trade debts | 44 | €399 | €1,455 | +€1,055 | +264% |
| Suppliers | 440/4 | €399 | €1,455 | +€1,055 | +264% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,547 | €24,969 | +€21,422 | +604% |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,847 | €7,074 | -€773 | -9.9% |
| Other operating charges | 640/8 | €1,110 | €1,179 | +€69 | +6.2% |
| Non-recurring operating charges | 66A | - | €1,603 | +€1,603 | |
| Gross operating margin | 9900 | €31,484 | €13,130 | -€18,355 | -58.3% |
| Operating profit (loss) | 9901 | €22,527 | €3,274 | -€19,253 | -85.5% |
| Financial income | 75/76B | €44 | €0 | -€44 | -100.0% |
| Recurring financial income | 75 | €44 | €0 | -€44 | -100.0% |
| Financial charges | 65/66B | €2,170 | €1,974 | -€197 | -9.1% |
| Recurring financial charges | 65 | €2,170 | €1,974 | -€197 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €20,401 | €1,300 | -€19,100 | -93.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €20,401 | €1,300 | -€19,100 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,401 | €1,300 | -€19,100 | -93.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.