RAVUYT: 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.
RAVUYT
Largest movements
- Cash +€105,680
up €105,680 (+70.3%), from €150,410 to €256,091
mainly Net result for the year (+€92,779) and Current investments (+€70,288)
- Current investments -€70,288
down €70,288 (-12.0%), from €585,000 to €514,712
- Tangible fixed assets -€30,094
down €30,094 (-3.6%), from €840,688 to €810,594
of which Leasing and similar rights: -€34,202
- Other debts +€68,612
up €68,612 (+1457.1%), from €4,709 to €73,321
- Current portion of long-term debt -€44,138
down €44,138 (-60.0%), from €73,520 to €29,382
- Debts after one year -€29,382
down €29,382 (-4.5%), from €656,622 to €627,239
- Reserves +€23,035
up €23,035 (+3.3%), from €687,627 to €710,662
- Gross operating margin -€134,962
down €134,962 (-40.8%), from €331,080 to €196,118
- Taxes -€43,350
down €43,350 (-53.0%), from €81,730 to €38,381
- Depreciation +€4,099
up €4,099 (+10.1%), from €40,693 to €44,792
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 | €1,618,859 | €1,635,576 | +€16,717 | +1.0% |
| Fixed assets | 21/28 | €844,304 | €814,210 | -€30,094 | -3.6% |
| Tangible fixed assets | 22/27 | €840,688 | €810,594 | -€30,094 | -3.6% |
| Land and buildings | 22 | €198,000 | €198,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,126 | €1,867 | -€259 | -12.2% |
| Furniture and vehicles | 24 | €5,384 | €15,677 | +€10,293 | +191.2% |
| Leasing and similar rights | 25 | €615,635 | €581,433 | -€34,202 | -5.6% |
| Other tangible fixed assets | 26 | €19,542 | €13,616 | -€5,927 | -30.3% |
| Financial fixed assets | 28 | €3,617 | €3,617 | = | 0.0% |
| Current assets | 29/58 | €774,555 | €821,366 | +€46,811 | +6.0% |
| Amounts receivable within one year | 40/41 | €38,371 | €48,711 | +€10,341 | +26.9% |
| Trade receivables | 40 | €13,500 | - | -€13,500 | |
| Other amounts receivable | 41 | €24,871 | €48,711 | +€23,841 | +95.9% |
| Current investments | 50/53 | €585,000 | €514,712 | -€70,288 | -12.0% |
| Cash at bank and in hand | 54/58 | €150,410 | €256,091 | +€105,680 | +70.3% |
| Deferred charges and accrued income | 490/1 | €774 | €1,852 | +€1,078 | +139.3% |
| Total equity and liabilities | 10/49 | €1,618,859 | €1,635,576 | +€16,717 | +1.0% |
| Equity | 10/15 | €881,538 | €904,573 | +€23,035 | +2.6% |
| Contributions | 10/11 | €193,911 | €193,911 | = | 0.0% |
| Reserves | 13 | €687,627 | €710,662 | +€23,035 | +3.3% |
| Distributable reserves | 133 | €687,627 | €710,662 | +€23,035 | +3.3% |
| Amounts payable | 17/49 | €737,322 | €731,003 | -€6,318 | -0.9% |
| Amounts payable after more than one year | 17 | €656,622 | €627,239 | -€29,382 | -4.5% |
| Financial debts | 170/4 | €656,622 | €627,239 | -€29,382 | -4.5% |
| Amounts payable within one year | 42/48 | €80,700 | €103,764 | +€23,064 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €73,520 | €29,382 | -€44,138 | -60.0% |
| Trade debts | 44 | €2,298 | €252 | -€2,046 | -89.0% |
| Suppliers | 440/4 | €2,298 | €252 | -€2,046 | -89.0% |
| Taxes, remuneration and social security | 45 | €172 | €809 | +€636 | +368.9% |
| Taxes | 450/3 | €172 | €809 | +€636 | +368.9% |
| Other amounts payable | 47/48 | €4,709 | €73,321 | +€68,612 | +1457.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,693 | €44,792 | +€4,099 | +10.1% |
| Other operating charges | 640/8 | €1,980 | €2,074 | +€95 | +4.8% |
| Gross operating margin | 9900 | €331,080 | €196,118 | -€134,962 | -40.8% |
| Operating profit (loss) | 9901 | €288,407 | €149,251 | -€139,156 | -48.2% |
| Financial income | 75/76B | €5,342 | €7,409 | +€2,067 | +38.7% |
| Recurring financial income | 75 | €5,342 | €7,409 | +€2,067 | +38.7% |
| Financial charges | 65/66B | €25,390 | €25,501 | +€111 | +0.4% |
| Recurring financial charges | 65 | €25,390 | €25,501 | +€111 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €268,359 | €131,160 | -€137,199 | -51.1% |
| Income taxes | 67/77 | €81,730 | €38,381 | -€43,350 | -53.0% |
| Profit (loss) for the period | 9904 | €186,629 | €92,779 | -€93,850 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €186,629 | €92,779 | -€93,850 | -50.3% |
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 12 October 2026 via checked.be.