RAVIS: what changed
Two fiscal 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.
RAVIS
Largest movements
- Stocks and contracts -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Receivables within one year +€751,139
up €751,139 (+33774.3%), from €2,224 to €753,363
of which Other amounts receivable: +€750,000
- Tangible fixed assets -€373,802
down €373,802 (-53.1%), from €704,456 to €330,654
of which Land and buildings: -€461,244
- Debts after one year -€871,401
down €871,401 (-58.0%), from €1.5m to €630,722
of which Financial debts: -€866,161
- Short-term financial debts -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Reserves +€310,975
up €310,975 (+1690.9%), from €18,391 to €329,367
of which Tax-exempt reserves: +€219,913
- Provisions +€73,304
new in 2025: €73,304
- Tax, wage and social debts +€21,521
new in 2025: €21,521
- Gross operating margin +€398,874
up €398,874 (+498.3%), from €80,049 to €478,922
- Taxes +€21,521
new in 2025: €21,521
- Financial charges -€12,825
down €12,825 (-18.1%), from €71,049 to €58,224
- Depreciation -€5,800
down €5,800 (-45.2%), from €12,820 to €7,020
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.
Cash bridge derived
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 | €2,007,732 | €1,101,403 | -€906,329 | -45.1% |
| Fixed assets | 21/28 | €704,456 | €333,514 | -€370,942 | -52.7% |
| Tangible fixed assets | 22/27 | €704,456 | €330,654 | -€373,802 | -53.1% |
| Land and buildings | 22 | €689,554 | €228,310 | -€461,244 | -66.9% |
| Plant, machinery and equipment | 23 | €4,928 | €4,113 | -€815 | -16.5% |
| Furniture and vehicles | 24 | €9,973 | €8,231 | -€1,742 | -17.5% |
| Other tangible fixed assets | 26 | - | €90,000 | +€90,000 | |
| Financial fixed assets | 28 | - | €2,860 | +€2,860 | |
| Current assets | 29/58 | €1,303,276 | €767,888 | -€535,388 | -41.1% |
| Stocks and contracts in progress | 3 | €1,271,296 | €0 | -€1.3m | -100.0% |
| Stocks | 30/36 | €1,271,296 | €0 | -€1.3m | -100.0% |
| Amounts receivable within one year | 40/41 | €2,224 | €753,363 | +€751,139 | +33774.3% |
| Trade receivables | 40 | €2,224 | €3,363 | +€1,139 | +51.2% |
| Other amounts receivable | 41 | - | €750,000 | +€750,000 | |
| Cash at bank and in hand | 54/58 | €28,996 | €13,635 | -€15,362 | -53.0% |
| Deferred charges and accrued income | 490/1 | €760 | €890 | +€130 | +17.2% |
| Total equity and liabilities | 10/49 | €2,007,732 | €1,101,403 | -€906,329 | -45.1% |
| Equity | 10/15 | €24,591 | €335,567 | +€310,975 | +1264.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,391 | €329,367 | +€310,975 | +1690.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | - | €219,913 | +€219,913 | |
| Distributable reserves | 133 | €18,391 | €109,453 | +€91,062 | +495.1% |
| Provisions and deferred taxes | 16 | - | €73,304 | +€73,304 | |
| Deferred taxes | 168 | - | €73,304 | +€73,304 | |
| Amounts payable | 17/49 | €1,983,141 | €692,531 | -€1.3m | -65.1% |
| Amounts payable after more than one year | 17 | €1,502,123 | €630,722 | -€871,401 | -58.0% |
| Financial debts | 170/4 | €1,496,883 | €630,722 | -€866,161 | -57.9% |
| Other amounts payable | 178/9 | €5,240 | €0 | -€5,240 | -100.0% |
| Amounts payable within one year | 42/48 | €463,967 | €53,981 | -€409,986 | -88.4% |
| Current portion of amounts payable after more than one year | 42 | €50,129 | €30,637 | -€19,492 | -38.9% |
| Financial debts | 43 | €400,000 | €0 | -€400,000 | -100.0% |
| Credit institutions | 430/8 | €400,000 | €0 | -€400,000 | -100.0% |
| Trade debts | 44 | €13,838 | €1,823 | -€12,015 | -86.8% |
| Suppliers | 440/4 | €13,838 | €1,823 | -€12,015 | -86.8% |
| Taxes, remuneration and social security | 45 | - | €21,521 | +€21,521 | |
| Taxes | 450/3 | - | €21,521 | +€21,521 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €17,050 | €7,828 | -€9,222 | -54.1% |
| Non-recurring operating income | 76A | - | €293,218 | +€293,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,820 | €7,020 | -€5,800 | -45.2% |
| Other operating charges | 640/8 | €8,528 | €8,077 | -€451 | -5.3% |
| Gross operating margin | 9900 | €80,049 | €478,922 | +€398,874 | +498.3% |
| Operating profit (loss) | 9901 | €58,701 | €463,826 | +€405,125 | +690.2% |
| Financial income | 75/76B | €4,424 | €199 | -€4,224 | -95.5% |
| Recurring financial income | 75 | €4,424 | €199 | -€4,224 | -95.5% |
| Financial charges | 65/66B | €71,049 | €58,224 | -€12,825 | -18.1% |
| Recurring financial charges | 65 | €71,049 | €58,224 | -€12,825 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,924 | €405,801 | +€413,725 | |
| Transfer to deferred taxes | 680 | - | €73,304 | +€73,304 | |
| Income taxes | 67/77 | - | €21,521 | +€21,521 | |
| Profit (loss) for the period | 9904 | -€7,924 | €310,975 | +€318,900 | |
| Transfer to tax-exempt reserves | 689 | - | €219,913 | +€219,913 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,924 | €91,062 | +€98,986 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.