RAVIART: 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.
RAVIART
Largest movements
- Receivables within one year +€16,292
up €16,292 (+53.7%), from €30,315 to €46,607
of which Other amounts receivable: +€13,678
- Deferred charges and accrued income +€6,751
up €6,751 (+381%), from €1,771 to €8,522
- Tangible fixed assets +€4,763
up €4,763 (+20.0%), from €23,782 to €28,545
of which Leasing and similar rights: +€5,244
- Cash -€2,302
down €2,302 (-21.5%), from €10,712 to €8,410
mainly Contributions, distributions and other (-€24,682) and Receivables within one year (-€16,292)
- Trade debts +€29,231
up €29,231 (+275%), from €10,648 to €39,879
- Other debts +€23,448
new in 2025: €23,448
- Reserves -€23,206
down €23,206 (-39.9%), from €58,108 to €34,901
of which Distributable reserves: -€23,206
- Advances received -€8,157
down €8,157 (-100%), from €8,157 to €0
- Tax, wage and social debts +€7,012
up €7,012 (+274%), from €2,557 to €9,569
of which Taxes: +€3,877
- Staff costs +€69,146
up €69,146 (+63.4%), from €109,061 to €178,208
- Gross operating margin +€68,244
up €68,244 (+56.0%), from €121,835 to €190,079
- Depreciation +€2,914
up €2,914 (+46.8%), from €6,229 to €9,144
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 | €121,094 | €146,598 | +€25,504 | +21.1% |
| Fixed assets | 21/28 | €23,782 | €28,545 | +€4,763 | +20.0% |
| Tangible fixed assets | 22/27 | €23,782 | €28,545 | +€4,763 | +20.0% |
| Plant, machinery and equipment | 23 | €721 | €761 | +€41 | +5.6% |
| Furniture and vehicles | 24 | €1,503 | €981 | -€522 | -34.7% |
| Leasing and similar rights | 25 | €21,559 | €26,803 | +€5,244 | +24.3% |
| Current assets | 29/58 | €97,312 | €118,053 | +€20,741 | +21.3% |
| Amounts receivable after more than one year | 29 | €54,515 | €54,515 | = | 0.0% |
| Trade receivables | 290 | €54,515 | €54,515 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,315 | €46,607 | +€16,292 | +53.7% |
| Trade receivables | 40 | €3,309 | €5,923 | +€2,614 | +79.0% |
| Other amounts receivable | 41 | €27,006 | €40,684 | +€13,678 | +50.6% |
| Cash at bank and in hand | 54/58 | €10,712 | €8,410 | -€2,302 | -21.5% |
| Deferred charges and accrued income | 490/1 | €1,771 | €8,522 | +€6,751 | +381% |
| Total equity and liabilities | 10/49 | €121,094 | €146,598 | +€25,504 | +21.1% |
| Equity | 10/15 | €72,733 | €49,527 | -€23,206 | -31.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €58,108 | €34,901 | -€23,206 | -39.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,248 | €33,041 | -€23,206 | -41.3% |
| Profit (loss) carried forward | 14 | €2,225 | €2,225 | = | 0.0% |
| Amounts payable | 17/49 | €48,361 | €97,071 | +€48,710 | +101% |
| Amounts payable after more than one year | 17 | €14,835 | €8,911 | -€5,924 | -39.9% |
| Financial debts | 170/4 | €14,835 | €8,911 | -€5,924 | -39.9% |
| Amounts payable within one year | 42/48 | €28,055 | €86,333 | +€58,278 | +208% |
| Current portion of amounts payable after more than one year | 42 | €6,693 | €13,438 | +€6,745 | +101% |
| Trade debts | 44 | €10,648 | €39,879 | +€29,231 | +275% |
| Suppliers | 440/4 | €10,648 | €39,879 | +€29,231 | +275% |
| Advances received on contracts in progress | 46 | €8,157 | €0 | -€8,157 | -100% |
| Taxes, remuneration and social security | 45 | €2,557 | €9,569 | +€7,012 | +274% |
| Taxes | 450/3 | €203 | €4,081 | +€3,877 | +1,905% |
| Remuneration and social security | 454/9 | €2,354 | €5,488 | +€3,135 | +133% |
| Other amounts payable | 47/48 | - | €23,448 | +€23,448 | |
| Accrued charges and deferred income | 492/3 | €5,471 | €1,827 | -€3,644 | -66.6% |
| Remuneration, social security and pensions | 62 | €109,061 | €178,208 | +€69,146 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,229 | €9,144 | +€2,914 | +46.8% |
| Other operating charges | 640/8 | €983 | €186 | -€797 | -81.0% |
| Gross operating margin | 9900 | €121,835 | €190,079 | +€68,244 | +56.0% |
| Operating profit (loss) | 9901 | €5,561 | €2,541 | -€3,020 | -54.3% |
| Financial income | 75/76B | €2,249 | €2,792 | +€543 | +24.1% |
| Recurring financial income | 75 | €2,249 | €2,792 | +€543 | +24.1% |
| Financial charges | 65/66B | €1,320 | €1,545 | +€225 | +17.1% |
| Recurring financial charges | 65 | €1,320 | €1,545 | +€225 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €6,491 | €3,789 | -€2,702 | -41.6% |
| Income taxes | 67/77 | €2,640 | €2,313 | -€328 | -12.4% |
| Profit (loss) for the period | 9904 | €3,850 | €1,476 | -€2,374 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,850 | €1,476 | -€2,374 | -61.7% |
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.