RAVIRI: 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.
RAVIRI
Largest movements
- Receivables within one year +€54,151
up €54,151 (+1216869.0%), from €4 to €54,155
of which Trade receivables: +€54,155
- Cash +€41,719
up €41,719 (+40.9%), from €102,115 to €143,834
mainly Net result for the year (+€101,282) and Depreciation (+€13,539)
- Current investments +€27,097
up €27,097 (+112.9%), from €24,000 to €51,097
- Tangible fixed assets -€13,539
down €13,539 (-34.8%), from €38,878 to €25,339
- Profit (loss) carried forward +€101,282
new in 2026: €101,282
- Tax, wage and social debts +€7,619
up €7,619 (+24.5%), from €31,073 to €38,692
- Gross operating margin +€57,232
up €57,232 (+62.6%), from €91,382 to €148,614
- Taxes +€7,332
up €7,332 (+33.1%), from €22,164 to €29,496
- Financial charges +€2,904
up €2,904 (+7435.4%), from €39 to €2,943
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,997 | €274,425 | +€109,428 | +66.3% |
| Fixed assets | 21/28 | €38,878 | €25,339 | -€13,539 | -34.8% |
| Tangible fixed assets | 22/27 | €38,878 | €25,339 | -€13,539 | -34.8% |
| Furniture and vehicles | 24 | €38,878 | €25,339 | -€13,539 | -34.8% |
| Current assets | 29/58 | €126,119 | €249,086 | +€122,967 | +97.5% |
| Amounts receivable within one year | 40/41 | €4 | €54,155 | +€54,151 | +1216869.0% |
| Trade receivables | 40 | - | €54,155 | +€54,155 | |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Current investments | 50/53 | €24,000 | €51,097 | +€27,097 | +112.9% |
| Cash at bank and in hand | 54/58 | €102,115 | €143,834 | +€41,719 | +40.9% |
| Total equity and liabilities | 10/49 | €164,997 | €274,425 | +€109,428 | +66.3% |
| Equity | 10/15 | €126,743 | €228,025 | +€101,282 | +79.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €125,743 | €125,743 | = | 0.0% |
| Distributable reserves | 133 | €125,743 | €125,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €101,282 | +€101,282 | |
| Amounts payable | 17/49 | €38,254 | €46,400 | +€8,146 | +21.3% |
| Amounts payable within one year | 42/48 | €38,254 | €46,400 | +€8,146 | +21.3% |
| Trade debts | 44 | €1,574 | €1,557 | -€17 | -1.1% |
| Suppliers | 440/4 | €1,574 | €1,557 | -€17 | -1.1% |
| Taxes, remuneration and social security | 45 | €31,073 | €38,692 | +€7,619 | +24.5% |
| Taxes | 450/3 | €31,073 | €38,692 | +€7,619 | +24.5% |
| Other amounts payable | 47/48 | €5,606 | €6,151 | +€545 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,539 | €13,539 | = | 0.0% |
| Other operating charges | 640/8 | €872 | €1,354 | +€482 | +55.3% |
| Gross operating margin | 9900 | €91,382 | €148,614 | +€57,232 | +62.6% |
| Operating profit (loss) | 9901 | €76,971 | €133,721 | +€56,750 | +73.7% |
| Financial charges | 65/66B | €39 | €2,943 | +€2,904 | +7435.4% |
| Recurring financial charges | 65 | €39 | €2,943 | +€2,904 | +7435.4% |
| Profit (loss) for the period before taxes | 9903 | €76,932 | €130,778 | +€53,846 | +70.0% |
| Income taxes | 67/77 | €22,164 | €29,496 | +€7,332 | +33.1% |
| Profit (loss) for the period | 9904 | €54,768 | €101,282 | +€46,514 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,768 | €101,282 | +€46,514 | +84.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.