RAVEX: 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.
RAVEX
Largest movements
- Cash -€5,593
down €5,593 (-99.9%), from €5,600 to €7
mainly Net result for the year (-€13,890) and Investment in fixed assets (net) (-€5,358)
- Tangible fixed assets +€4,820
up €4,820 (+456%), from €1,057 to €5,877
- Receivables within one year -€935
down €935 (-31.8%), from €2,940 to €2,005
of which Trade receivables: -€2,731
- Stocks and contracts -€897
no longer reported in 2024 (was €897)
- Deferred charges and accrued income -€165
no longer reported in 2024 (was €165)
- Debts after one year +€15,000
up €15,000 (+24.8%), from €60,500 to €75,500
- Profit (loss) carried forward -€13,890
down €13,890 (-18.3%), from -€76,060 to -€89,950
- Other debts -€4,417
down €4,417 (-57.5%), from €7,680 to €3,263
- Contributions +€1,000
up €1,000 (+6.3%), from €15,950 to €16,950
- Trade debts -€360
no longer reported in 2024 (was €360)
- Gross operating margin -€1,843
down €1,843 (-24.9%), from -€7,394 to -€9,236
- Staff costs -€1,527
down €1,527 (-56.9%), from €2,682 to €1,155
- Depreciation -€1,005
down €1,005 (-65.2%), from €1,543 to €537
- Other operating charges -€513
down €513 (-24.6%), from €2,083 to €1,570
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,660 | €7,890 | -€2,770 | -26.0% |
| Fixed assets | 21/28 | €1,057 | €5,877 | +€4,820 | +456% |
| Tangible fixed assets | 22/27 | €1,057 | €5,877 | +€4,820 | +456% |
| Furniture and vehicles | 24 | €1,057 | €5,877 | +€4,820 | +456% |
| Current assets | 29/58 | €9,602 | €2,012 | -€7,590 | -79.0% |
| Stocks and contracts in progress | 3 | €897 | - | -€897 | |
| Stocks | 30/36 | €897 | - | -€897 | |
| Amounts receivable within one year | 40/41 | €2,940 | €2,005 | -€935 | -31.8% |
| Trade receivables | 40 | €2,731 | - | -€2,731 | |
| Other amounts receivable | 41 | €209 | €2,005 | +€1,797 | +861% |
| Cash at bank and in hand | 54/58 | €5,600 | €7 | -€5,593 | -99.9% |
| Deferred charges and accrued income | 490/1 | €165 | - | -€165 | |
| Total equity and liabilities | 10/49 | €10,660 | €7,890 | -€2,770 | -26.0% |
| Equity | 10/15 | -€58,250 | -€71,140 | -€12,890 | -22.1% |
| Contributions | 10/11 | €15,950 | €16,950 | +€1,000 | +6.3% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,060 | -€89,950 | -€13,890 | -18.3% |
| Amounts payable | 17/49 | €68,910 | €79,030 | +€10,120 | +14.7% |
| Amounts payable after more than one year | 17 | €60,500 | €75,500 | +€15,000 | +24.8% |
| Financial debts | 170/4 | €60,500 | €75,500 | +€15,000 | +24.8% |
| Amounts payable within one year | 42/48 | €8,410 | €3,530 | -€4,880 | -58.0% |
| Trade debts | 44 | €360 | - | -€360 | |
| Suppliers | 440/4 | €360 | - | -€360 | |
| Taxes, remuneration and social security | 45 | €370 | €267 | -€103 | -27.8% |
| Taxes | 450/3 | €370 | €267 | -€103 | -27.8% |
| Other amounts payable | 47/48 | €7,680 | €3,263 | -€4,417 | -57.5% |
| Remuneration, social security and pensions | 62 | €2,682 | €1,155 | -€1,527 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,543 | €537 | -€1,005 | -65.2% |
| Other operating charges | 640/8 | €2,083 | €1,570 | -€513 | -24.6% |
| Non-recurring operating charges | 66A | - | €1,057 | +€1,057 | |
| Gross operating margin | 9900 | -€7,394 | -€9,236 | -€1,843 | -24.9% |
| Operating profit (loss) | 9901 | -€13,702 | -€13,556 | +€146 | +1.1% |
| Financial charges | 65/66B | €86 | €67 | -€19 | -22.1% |
| Recurring financial charges | 65 | €86 | €67 | -€19 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,788 | -€13,623 | +€165 | +1.2% |
| Income taxes | 67/77 | €277 | €267 | -€10 | -3.7% |
| Profit (loss) for the period | 9904 | -€14,065 | -€13,890 | +€175 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,065 | -€13,890 | +€175 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.