RAVNEEK: 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.
RAVNEEK
Largest movements
- Cash -€6,461
down €6,461 (-56.9%), from €11,364 to €4,903
mainly Contributions, distributions and other (-€17,786) and Net result for the year (-€5,931)
- Deferred charges and accrued income +€3,955
up €3,955 (+575.2%), from €688 to €4,642
- Stocks and contracts +€2,354
up €2,354 (+5.4%), from €43,966 to €46,321
- Tangible fixed assets -€765
no longer reported in 2025 (was €765)
of which Land and buildings: -€596
- Receivables within one year -€614
down €614 (-30.8%), from €1,993 to €1,379
- Reserves -€19,646
down €19,646 (-87.2%), from €22,533 to €2,887
- Trade debts +€12,257
up €12,257 (+117.7%), from €10,414 to €22,671
- Other debts +€8,360
up €8,360 (+556.3%), from €1,503 to €9,863
- Profit (loss) carried forward -€4,071
new in 2025: -€4,071
- Tax, wage and social debts +€1,570
up €1,570 (+36.3%), from €4,325 to €5,895
- Gross operating margin -€25,168
down €25,168 (-89.9%), from €27,985 to €2,818
- Taxes -€2,544
down €2,544 (-85.2%), from €2,987 to €443
- Financial charges +€2,058
up €2,058 (+215.3%), from €956 to €3,013
- Other operating charges +€445
up €445 (+12.1%), from €3,676 to €4,122
- Staff costs +€406
new in 2025: €406
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 | €58,775 | €57,245 | -€1,530 | -2.6% |
| Fixed assets | 21/28 | €765 | - | -€765 | |
| Tangible fixed assets | 22/27 | €765 | - | -€765 | |
| Land and buildings | 22 | €596 | - | -€596 | |
| Furniture and vehicles | 24 | €168 | - | -€168 | |
| Current assets | 29/58 | €58,010 | €57,245 | -€765 | -1.3% |
| Stocks and contracts in progress | 3 | €43,966 | €46,321 | +€2,354 | +5.4% |
| Stocks | 30/36 | €43,966 | €46,321 | +€2,354 | +5.4% |
| Amounts receivable within one year | 40/41 | €1,993 | €1,379 | -€614 | -30.8% |
| Other amounts receivable | 41 | €1,993 | €1,379 | -€614 | -30.8% |
| Cash at bank and in hand | 54/58 | €11,364 | €4,903 | -€6,461 | -56.9% |
| Deferred charges and accrued income | 490/1 | €688 | €4,642 | +€3,955 | +575.2% |
| Total equity and liabilities | 10/49 | €58,775 | €57,245 | -€1,530 | -2.6% |
| Equity | 10/15 | €42,533 | €18,816 | -€23,717 | -55.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,533 | €2,887 | -€19,646 | -87.2% |
| Distributable reserves | 133 | €22,533 | €2,887 | -€19,646 | -87.2% |
| Profit (loss) carried forward | 14 | - | -€4,071 | -€4,071 | |
| Amounts payable | 17/49 | €16,242 | €38,429 | +€22,187 | +136.6% |
| Amounts payable within one year | 42/48 | €16,242 | €38,429 | +€22,187 | +136.6% |
| Trade debts | 44 | €10,414 | €22,671 | +€12,257 | +117.7% |
| Suppliers | 440/4 | €10,414 | €22,671 | +€12,257 | +117.7% |
| Taxes, remuneration and social security | 45 | €4,325 | €5,895 | +€1,570 | +36.3% |
| Taxes | 450/3 | €4,325 | €5,895 | +€1,570 | +36.3% |
| Other amounts payable | 47/48 | €1,503 | €9,863 | +€8,360 | +556.3% |
| Remuneration, social security and pensions | 62 | - | €406 | +€406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,017 | €765 | -€253 | -24.8% |
| Other operating charges | 640/8 | €3,676 | €4,122 | +€445 | +12.1% |
| Gross operating margin | 9900 | €27,985 | €2,818 | -€25,168 | -89.9% |
| Operating profit (loss) | 9901 | €23,292 | -€2,474 | -€25,766 | |
| Financial income | 75/76B | €47 | €0 | -€47 | -99.3% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -99.3% |
| Financial charges | 65/66B | €956 | €3,013 | +€2,058 | +215.3% |
| Recurring financial charges | 65 | €956 | €3,013 | +€2,058 | +215.3% |
| Profit (loss) for the period before taxes | 9903 | €22,383 | -€5,488 | -€27,870 | |
| Income taxes | 67/77 | €2,987 | €443 | -€2,544 | -85.2% |
| Profit (loss) for the period | 9904 | €19,395 | -€5,931 | -€25,326 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,395 | -€5,931 | -€25,326 |
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 10 October 2026 via checked.be.