RAVY RAJA: 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.
RAVY RAJA
Largest movements
- Receivables within one year -€6,401
down €6,401 (-39.0%), from €16,428 to €10,027
of which Trade receivables: -€5,884
- Debts after one year -€7,500
no longer reported in 2025 (was €7,500)
- Trade debts -€4,952
down €4,952 (-48.2%), from €10,267 to €5,315
- Other debts +€2,463
up €2,463 (+6.6%), from €37,283 to €39,747
- Profit (loss) carried forward +€2,016
up €2,016 (+3.3%), from -€60,836 to -€58,820
- Tax, wage and social debts +€1,326
up €1,326 (+30.9%), from €4,292 to €5,618
- Purchases and services -€8,422
down €8,422 (-15.5%), from €54,478 to €46,056
- Turnover -€7,922
down €7,922 (-20.9%), from €37,842 to €29,920
- Staff costs -€4,208
down €4,208 (-34.6%), from €12,175 to €7,967
- Gross operating margin +€3,930
up €3,930 (+40.3%), from -€9,750 to -€5,820
- Other operating charges +€3,215
up €3,215 (+463%), from €695 to €3,910
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 | €17,096 | €10,450 | -€6,646 | -38.9% |
| Fixed assets | 21/28 | €388 | €311 | -€78 | -20.0% |
| Tangible fixed assets | 22/27 | €388 | €311 | -€78 | -20.0% |
| Plant, machinery and equipment | 23 | €388 | €311 | -€78 | -20.0% |
| Current assets | 29/58 | €16,707 | €10,139 | -€6,568 | -39.3% |
| Amounts receivable within one year | 40/41 | €16,428 | €10,027 | -€6,401 | -39.0% |
| Trade receivables | 40 | €5,884 | - | -€5,884 | |
| Other amounts receivable | 41 | €10,544 | €10,027 | -€517 | -4.9% |
| Cash at bank and in hand | 54/58 | €239 | €112 | -€127 | -53.1% |
| Deferred charges and accrued income | 490/1 | €40 | - | -€40 | |
| Total equity and liabilities | 10/49 | €17,096 | €10,450 | -€6,646 | -38.9% |
| Equity | 10/15 | -€42,246 | -€40,230 | +€2,016 | +4.8% |
| Contributions | 10/11 | €18,590 | €18,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,836 | -€58,820 | +€2,016 | +3.3% |
| Amounts payable | 17/49 | €59,342 | €50,680 | -€8,662 | -14.6% |
| Amounts payable after more than one year | 17 | €7,500 | - | -€7,500 | |
| Other amounts payable | 178/9 | €7,500 | - | -€7,500 | |
| Amounts payable within one year | 42/48 | €51,842 | €50,680 | -€1,162 | -2.2% |
| Trade debts | 44 | €10,267 | €5,315 | -€4,952 | -48.2% |
| Suppliers | 440/4 | €10,267 | €5,315 | -€4,952 | -48.2% |
| Taxes, remuneration and social security | 45 | €4,292 | €5,618 | +€1,326 | +30.9% |
| Remuneration and social security | 454/9 | €4,292 | €5,618 | +€1,326 | +30.9% |
| Other amounts payable | 47/48 | €37,283 | €39,747 | +€2,463 | +6.6% |
| Turnover | 70 | €37,842 | €29,920 | -€7,922 | -20.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €54,478 | €46,056 | -€8,422 | -15.5% |
| Remuneration, social security and pensions | 62 | €12,175 | €7,967 | -€4,208 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €78 | +€78 | |
| Other operating charges | 640/8 | €695 | €3,910 | +€3,215 | +463% |
| Non-recurring operating charges | 66A | - | €5 | +€5 | |
| Gross operating margin | 9900 | -€9,750 | -€5,820 | +€3,930 | +40.3% |
| Operating profit (loss) | 9901 | -€22,620 | -€17,780 | +€4,840 | +21.4% |
| Financial charges | 65/66B | €163 | €204 | +€41 | +25.1% |
| Recurring financial charges | 65 | €163 | €204 | +€41 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,783 | -€17,984 | +€4,799 | +21.1% |
| Income taxes | 67/77 | €64 | - | -€64 | |
| Profit (loss) for the period | 9904 | -€22,847 | -€17,984 | +€4,862 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,847 | -€17,984 | +€4,862 | +21.3% |
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 23 October 2026 via checked.be.