RAVLIMA: 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.
RAVLIMA
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+6123.9%), from €17,473 to €1.1m
of which Other tangible fixed assets: +€617,504
- Receivables within one year -€75,676
down €75,676 (-78.4%), from €96,580 to €20,904
of which Trade receivables: -€75,908
- Stocks and contracts +€63,429
up €63,429 (+934.0%), from €6,791 to €70,220
- Intangible fixed assets -€55,771
no longer reported in 2025 (was €55,771)
- Cash +€21,806
new in 2025: €21,806
mainly Other debts (+€982,068) and Trade debts (+€247,660)
- Other debts +€982,068
up €982,068 (+1326.1%), from €74,057 to €1.1m
- Trade debts +€247,660
up €247,660 (+381.7%), from €64,881 to €312,541
- Profit (loss) carried forward -€246,685
down €246,685, from €8,204 to -€238,481
- Tax, wage and social debts +€40,756
up €40,756 (+281.6%), from €14,473 to €55,229
of which Remuneration and social security: +€37,531
- Staff costs +€69,830
up €69,830 (+65.5%), from €106,659 to €176,489
- Financial charges +€59,300
up €59,300 (+12563.1%), from €472 to €59,772
of which Non-recurring financial charges: +€50,450
- Depreciation +€45,161
up €45,161 (+302.1%), from €14,951 to €60,112
- Gross operating margin -€2,719
down €2,719 (-5.1%), from €52,910 to €50,191
- Financial income -€2,709
no longer reported in 2025 (was €2,709)
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 | €176,614 | €1,200,413 | +€1.0m | +579.7% |
| Fixed assets | 21/28 | €73,243 | €1,087,483 | +€1.0m | +1384.8% |
| Intangible fixed assets | 21 | €55,771 | - | -€55,771 | |
| Tangible fixed assets | 22/27 | €17,473 | €1,087,483 | +€1.1m | +6123.9% |
| Plant, machinery and equipment | 23 | €14,229 | €466,736 | +€452,507 | +3180.2% |
| Other tangible fixed assets | 26 | €3,244 | €620,747 | +€617,504 | +19035.8% |
| Current assets | 29/58 | €103,371 | €112,930 | +€9,559 | +9.2% |
| Stocks and contracts in progress | 3 | €6,791 | €70,220 | +€63,429 | +934.0% |
| Stocks | 30/36 | €6,791 | €70,220 | +€63,429 | +934.0% |
| Amounts receivable within one year | 40/41 | €96,580 | €20,904 | -€75,676 | -78.4% |
| Trade receivables | 40 | €96,580 | €20,671 | -€75,908 | -78.6% |
| Other amounts receivable | 41 | - | €232 | +€232 | |
| Cash at bank and in hand | 54/58 | - | €21,806 | +€21,806 | |
| Total equity and liabilities | 10/49 | €176,614 | €1,200,413 | +€1.0m | +579.7% |
| Equity | 10/15 | €23,204 | -€223,481 | -€246,685 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,204 | -€238,481 | -€246,685 | |
| Amounts payable | 17/49 | €153,410 | €1,423,894 | +€1.3m | +828.2% |
| Amounts payable within one year | 42/48 | €153,410 | €1,423,894 | +€1.3m | +828.2% |
| Trade debts | 44 | €64,881 | €312,541 | +€247,660 | +381.7% |
| Suppliers | 440/4 | €64,881 | €312,541 | +€247,660 | +381.7% |
| Taxes, remuneration and social security | 45 | €14,473 | €55,229 | +€40,756 | +281.6% |
| Taxes | 450/3 | €3,886 | €7,111 | +€3,225 | +83.0% |
| Remuneration and social security | 454/9 | €10,587 | €48,118 | +€37,531 | +354.5% |
| Other amounts payable | 47/48 | €74,057 | €1,056,125 | +€982,068 | +1326.1% |
| Remuneration, social security and pensions | 62 | €106,659 | €176,489 | +€69,830 | +65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,951 | €60,112 | +€45,161 | +302.1% |
| Other operating charges | 640/8 | €543 | €485 | -€58 | -10.7% |
| Gross operating margin | 9900 | €52,910 | €50,191 | -€2,719 | -5.1% |
| Operating profit (loss) | 9901 | -€69,243 | -€186,895 | -€117,653 | -169.9% |
| Financial income | 75/76B | €2,709 | - | -€2,709 | |
| Recurring financial income | 75 | €2,709 | - | -€2,709 | |
| Financial charges | 65/66B | €472 | €59,772 | +€59,300 | +12563.1% |
| Recurring financial charges | 65 | €472 | €9,322 | +€8,850 | +1874.9% |
| Non-recurring financial charges | 66B | - | €50,450 | +€50,450 | |
| Profit (loss) for the period before taxes | 9903 | -€67,005 | -€246,668 | -€179,662 | -268.1% |
| Income taxes | 67/77 | - | €18 | +€18 | |
| Profit (loss) for the period | 9904 | -€67,005 | -€246,685 | -€179,680 | -268.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,005 | -€246,685 | -€179,680 | -268.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.