Ravy: 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.
Ravy
Largest movements
- Cash +€17,880
up €17,880 (+43.2%), from €41,351 to €59,231
mainly Depreciation (+€13,064) and Net result for the year (+€2,853)
- Tangible fixed assets -€13,064
down €13,064 (-9.8%), from €132,999 to €119,935
- Reserves +€2,853
up €2,853 (+2.0%), from €145,014 to €147,867
of which Distributable reserves: +€2,853
- Gross operating margin -€16,182
down €16,182 (-35.6%), from €45,466 to €29,285
- Taxes -€6,723
down €6,723 (-82.5%), from €8,146 to €1,423
- Financial income -€1,601
down €1,601 (-100.0%), from €1,601 to €0
- Depreciation +€1,519
up €1,519 (+13.2%), from €11,545 to €13,064
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 | €277,680 | €281,527 | +€3,848 | +1.4% |
| Fixed assets | 21/28 | €132,999 | €119,935 | -€13,064 | -9.8% |
| Tangible fixed assets | 22/27 | €132,999 | €119,935 | -€13,064 | -9.8% |
| Land and buildings | 22 | €132,999 | €119,935 | -€13,064 | -9.8% |
| Current assets | 29/58 | €144,681 | €161,593 | +€16,912 | +11.7% |
| Amounts receivable within one year | 40/41 | €1,262 | €0 | -€1,262 | -100.0% |
| Trade receivables | 40 | €1,262 | €0 | -€1,262 | -100.0% |
| Current investments | 50/53 | €101,000 | €101,241 | +€241 | +0.2% |
| Cash at bank and in hand | 54/58 | €41,351 | €59,231 | +€17,880 | +43.2% |
| Deferred charges and accrued income | 490/1 | €1,067 | €1,120 | +€53 | +5.0% |
| Total equity and liabilities | 10/49 | €277,680 | €281,527 | +€3,848 | +1.4% |
| Equity | 10/15 | €268,618 | €271,471 | +€2,853 | +1.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €145,014 | €147,867 | +€2,853 | +2.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €138,814 | €141,667 | +€2,853 | +2.1% |
| Profit (loss) carried forward | 14 | €61,604 | €61,604 | = | 0.0% |
| Amounts payable | 17/49 | €9,062 | €10,056 | +€995 | +11.0% |
| Amounts payable within one year | 42/48 | €9,062 | €10,056 | +€995 | +11.0% |
| Trade debts | 44 | €974 | €560 | -€414 | -42.5% |
| Suppliers | 440/4 | €974 | €560 | -€414 | -42.5% |
| Taxes, remuneration and social security | 45 | €8,046 | €9,455 | +€1,408 | +17.5% |
| Taxes | 450/3 | €8,046 | €9,455 | +€1,408 | +17.5% |
| Other amounts payable | 47/48 | €42 | €42 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6,295 | +€6,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,545 | €13,064 | +€1,519 | +13.2% |
| Other operating charges | 640/8 | €11,703 | €12,115 | +€412 | +3.5% |
| Gross operating margin | 9900 | €45,466 | €29,285 | -€16,182 | -35.6% |
| Operating profit (loss) | 9901 | €22,219 | €4,105 | -€18,113 | -81.5% |
| Financial income | 75/76B | €1,601 | €0 | -€1,601 | -100.0% |
| Recurring financial income | 75 | €1,601 | €0 | -€1,601 | -100.0% |
| Financial charges | 65/66B | €81 | -€170 | -€252 | |
| Recurring financial charges | 65 | €81 | -€170 | -€252 | |
| Profit (loss) for the period before taxes | 9903 | €23,739 | €4,276 | -€19,463 | -82.0% |
| Income taxes | 67/77 | €8,146 | €1,423 | -€6,723 | -82.5% |
| Profit (loss) for the period | 9904 | €15,593 | €2,853 | -€12,740 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,593 | €2,853 | -€12,740 | -81.7% |
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 1 October 2026 via checked.be.