Ravico: 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
Ravico
NACE 46.360, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€62,971
2024 · €64,251-€1,280
Equity
€898,861
2024 · €835,890+€62,971
Cash
€666,314
2024 · €586,442+€79,872
Balance sheet total
€2.4m
2024 · €2.7m-€300,959
Largest movements
Assets
- Receivables within one year -€319,905
down €319,905 (-24.0%), from €1.3m to €1.0m
of which Trade receivables: -€320,905
- Tangible fixed assets -€80,582
down €80,582 (-14.0%), from €575,866 to €495,283
of which Land and buildings: -€41,691
- Cash +€79,872
up €79,872 (+13.6%), from €586,442 to €666,314
mainly Receivables within one year (+€319,905) and Depreciation (+€113,295)
Equity and liabilities
- Trade debts -€323,167
down €323,167 (-33.7%), from €958,712 to €635,546
- Reserves +€65,000
up €65,000 (+43.3%), from €150,000 to €215,000
of which Distributable reserves: +€65,000
- Debts after one year -€31,920
down €31,920 (-27.6%), from €115,568 to €83,649
Income statement
- Write-downs +€82,496
up €82,496, from -€82,496 to €0
- Other operating charges -€80,759
down €80,759 (-78.3%), from €103,173 to €22,414
- Gross operating margin +€47,747
up €47,747 (+6.5%), from €732,497 to €780,244
- Depreciation +€28,985
up €28,985 (+34.4%), from €84,310 to €113,295
- Staff costs +€24,300
up €24,300 (+4.8%), from €510,858 to €535,157
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
€64,251
Gross operating margin
+€47,747
Staff costs
-€24,300
Depreciation
-€28,985
Write-downs
-€82,496
Other operating charges
+€80,759
Other operating items
-€226
Financial income
+€3,540
Financial charges
+€1,500
Taxes
+€1,182
Result 2025
€62,971
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
+€147,568
Investment
-€32,713
Financing
-€34,984
Cash 2024
€586,442
From operations (derived)
+€147,568
Net result for the year
+€62,971
Depreciation
+€113,295
Stocks and contracts
-€15,031
Receivables within one year
+€319,905
Deferred charges and accrued income
-€4,625
Trade debts
-€323,167
Tax, wage and social debts
+€2,511
Other debts
-€982
Accrued charges and deferred income
-€7,309
Investment (derived)
-€32,713
Investment in fixed assets (net)
-€32,713
Financing
-€34,984
Debts after one year
-€31,920
Current portion of long-term debt
-€3,058
Short-term financial debts
-€6
Cash 2025
€666,314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,706,096 | €2,405,137 | -€300,959 | -11.1% |
| Fixed assets | 21/28 | €576,388 | €495,806 | -€80,582 | -14.0% |
| Tangible fixed assets | 22/27 | €575,866 | €495,283 | -€80,582 | -14.0% |
| Land and buildings | 22 | €302,251 | €260,561 | -€41,691 | -13.8% |
| Plant, machinery and equipment | 23 | €116,760 | €111,032 | -€5,727 | -4.9% |
| Furniture and vehicles | 24 | €33,053 | €25,069 | -€7,984 | -24.2% |
| Leasing and similar rights | 25 | €123,802 | €98,622 | -€25,180 | -20.3% |
| Financial fixed assets | 28 | €523 | €523 | = | 0.0% |
| Current assets | 29/58 | €2,129,708 | €1,909,331 | -€220,377 | -10.3% |
| Stocks and contracts in progress | 3 | €205,366 | €220,397 | +€15,031 | +7.3% |
| Stocks | 30/36 | €205,366 | €220,397 | +€15,031 | +7.3% |
| Amounts receivable within one year | 40/41 | €1,330,774 | €1,010,869 | -€319,905 | -24.0% |
| Trade receivables | 40 | €1,283,324 | €962,418 | -€320,905 | -25.0% |
| Other amounts receivable | 41 | €47,450 | €48,451 | +€1,001 | +2.1% |
| Cash at bank and in hand | 54/58 | €586,442 | €666,314 | +€79,872 | +13.6% |
| Deferred charges and accrued income | 490/1 | €7,127 | €11,751 | +€4,625 | +64.9% |
| Total equity and liabilities | 10/49 | €2,706,096 | €2,405,137 | -€300,959 | -11.1% |
| Equity | 10/15 | €835,890 | €898,861 | +€62,971 | +7.5% |
| 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% |
| Revaluation surpluses | 12 | €166,250 | €151,250 | -€15,000 | -9.0% |
| Reserves | 13 | €150,000 | €215,000 | +€65,000 | +43.3% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €165,000 | +€65,000 | +65.0% |
| Profit (loss) carried forward | 14 | €19,640 | €32,611 | +€12,971 | +66.0% |
| Amounts payable | 17/49 | €1,870,206 | €1,506,276 | -€363,930 | -19.5% |
| Amounts payable after more than one year | 17 | €115,568 | €83,649 | -€31,920 | -27.6% |
| Financial debts | 170/4 | €115,568 | €83,649 | -€31,920 | -27.6% |
| Amounts payable within one year | 42/48 | €1,742,538 | €1,417,836 | -€324,702 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €34,978 | €31,920 | -€3,058 | -8.7% |
| Financial debts | 43 | €681,024 | €681,018 | -€6 | 0.0% |
| Credit institutions | 430/8 | €18,524 | €18,518 | -€6 | 0.0% |
| Other loans | 439 | €662,500 | €662,500 | = | 0.0% |
| Trade debts | 44 | €958,712 | €635,546 | -€323,167 | -33.7% |
| Suppliers | 440/4 | €958,712 | €635,546 | -€323,167 | -33.7% |
| Taxes, remuneration and social security | 45 | €62,787 | €65,297 | +€2,511 | +4.0% |
| Taxes | 450/3 | €3,694 | €204 | -€3,490 | -94.5% |
| Remuneration and social security | 454/9 | €59,092 | €65,093 | +€6,001 | +10.2% |
| Other amounts payable | 47/48 | €5,037 | €4,055 | -€982 | -19.5% |
| Accrued charges and deferred income | 492/3 | €12,100 | €4,791 | -€7,309 | -60.4% |
| Non-recurring operating income | 76A | €95 | €15,882 | +€15,787 | +16,639% |
| Remuneration, social security and pensions | 62 | €510,858 | €535,157 | +€24,300 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,310 | €113,295 | +€28,985 | +34.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€82,496 | €0 | +€82,496 | |
| Other operating charges | 640/8 | €103,173 | €22,414 | -€80,759 | -78.3% |
| Non-recurring operating charges | 66A | €53 | €279 | +€226 | +427% |
| Gross operating margin | 9900 | €732,497 | €780,244 | +€47,747 | +6.5% |
| Operating profit (loss) | 9901 | €116,598 | €109,098 | -€7,501 | -6.4% |
| Financial income | 75/76B | €10,662 | €14,202 | +€3,540 | +33.2% |
| Recurring financial income | 75 | €4,090 | €627 | -€3,463 | -84.7% |
| Non-recurring financial income | 76B | €6,572 | €13,575 | +€7,002 | +107% |
| Financial charges | 65/66B | €42,275 | €40,775 | -€1,500 | -3.5% |
| Recurring financial charges | 65 | €41,989 | €40,239 | -€1,750 | -4.2% |
| Non-recurring financial charges | 66B | €286 | €536 | +€250 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | €84,985 | €82,524 | -€2,461 | -2.9% |
| Income taxes | 67/77 | €20,734 | €19,553 | -€1,182 | -5.7% |
| Profit (loss) for the period | 9904 | €64,251 | €62,971 | -€1,280 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,251 | €62,971 | -€1,280 | -2.0% |
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 25 October 2026 via checked.be.