RAVONE: 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.
RAVONE
Largest movements
- Tangible fixed assets +€194,741
up €194,741 (+21.8%), from €892,061 to €1.1m
of which Land and buildings: +€223,119
- Receivables within one year +€48,539
up €48,539 (+96.3%), from €50,398 to €98,937
of which Other amounts receivable: +€48,034
- Other debts +€113,816
up €113,816 (+17.7%), from €641,521 to €755,337
- Debts after one year +€50,301
up €50,301 (+13.3%), from €377,864 to €428,166
of which Financial debts: +€48,951
- Profit (loss) carried forward +€47,771
up €47,771 (+63.9%), from €74,752 to €122,523
- Current portion of long-term debt +€21,623
up €21,623 (+18.7%), from €115,496 to €137,119
- Depreciation -€21,677
down €21,677 (-20.0%), from €108,300 to €86,624
- Financial income +€20,000
up €20,000 (+18.2%), from €110,000 to €130,000
- Gross operating margin +€4,277
up €4,277 (+14.7%), from €29,138 to €33,415
- Other operating charges +€3,903
up €3,903 (+56.4%), from €6,916 to €10,818
- Financial charges +€1,326
up €1,326 (+8.0%), from €16,605 to €17,931
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,387,894 | €1,626,761 | +€238,867 | +17.2% |
| Formation expenses | 20 | €506 | €392 | -€114 | -22.6% |
| Fixed assets | 21/28 | €1,322,639 | €1,517,380 | +€194,741 | +14.7% |
| Tangible fixed assets | 22/27 | €892,061 | €1,086,802 | +€194,741 | +21.8% |
| Land and buildings | 22 | €812,859 | €1,035,978 | +€223,119 | +27.4% |
| Plant, machinery and equipment | 23 | €3,644 | €2,174 | -€1,470 | -40.3% |
| Furniture and vehicles | 24 | €75,559 | €48,650 | -€26,908 | -35.6% |
| Financial fixed assets | 28 | €430,578 | €430,578 | = | 0.0% |
| Current assets | 29/58 | €64,749 | €108,989 | +€44,240 | +68.3% |
| Amounts receivable within one year | 40/41 | €50,398 | €98,937 | +€48,539 | +96.3% |
| Trade receivables | 40 | €7,143 | €7,648 | +€505 | +7.1% |
| Other amounts receivable | 41 | €43,255 | €91,289 | +€48,034 | +111% |
| Cash at bank and in hand | 54/58 | €14,351 | €10,052 | -€4,299 | -30.0% |
| Total equity and liabilities | 10/49 | €1,387,894 | €1,626,761 | +€238,867 | +17.2% |
| Equity | 10/15 | €249,472 | €297,243 | +€47,771 | +19.1% |
| Contributions | 10/11 | €10,011 | €10,011 | = | 0.0% |
| Reserves | 13 | €164,709 | €164,709 | = | 0.0% |
| Distributable reserves | 133 | €164,709 | €164,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,752 | €122,523 | +€47,771 | +63.9% |
| Amounts payable | 17/49 | €1,138,422 | €1,329,518 | +€191,096 | +16.8% |
| Amounts payable after more than one year | 17 | €377,864 | €428,166 | +€50,301 | +13.3% |
| Financial debts | 170/4 | €377,864 | €426,816 | +€48,951 | +13.0% |
| Other amounts payable | 178/9 | - | €1,350 | +€1,350 | |
| Amounts payable within one year | 42/48 | €760,558 | €901,212 | +€140,654 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €115,496 | €137,119 | +€21,623 | +18.7% |
| Trade debts | 44 | €1,645 | €8,756 | +€7,111 | +432% |
| Suppliers | 440/4 | €1,645 | €8,756 | +€7,111 | +432% |
| Taxes, remuneration and social security | 45 | €1,896 | - | -€1,896 | |
| Taxes | 450/3 | €1,896 | - | -€1,896 | |
| Other amounts payable | 47/48 | €641,521 | €755,337 | +€113,816 | +17.7% |
| Accrued charges and deferred income | 492/3 | - | €140 | +€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,300 | €86,624 | -€21,677 | -20.0% |
| Other operating charges | 640/8 | €6,916 | €10,818 | +€3,903 | +56.4% |
| Gross operating margin | 9900 | €29,138 | €33,415 | +€4,277 | +14.7% |
| Operating profit (loss) | 9901 | -€86,078 | -€64,027 | +€22,050 | +25.6% |
| Financial income | 75/76B | €110,000 | €130,000 | +€20,000 | +18.2% |
| Recurring financial income | 75 | €110,000 | €130,000 | +€20,000 | +18.2% |
| Financial charges | 65/66B | €16,605 | €17,931 | +€1,326 | +8.0% |
| Recurring financial charges | 65 | €16,605 | €17,931 | +€1,326 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €7,318 | €48,042 | +€40,724 | +557% |
| Income taxes | 67/77 | €396 | €271 | -€125 | -31.5% |
| Profit (loss) for the period | 9904 | €6,922 | €47,771 | +€40,849 | +590% |
| Profit (loss) for the period to be appropriated | 9905 | €6,922 | €47,771 | +€40,849 | +590% |
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 18 October 2026 via checked.be.