RAVZA: 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.
RAVZA
Largest movements
- Stocks and contracts -€30,540
down €30,540 (-44.8%), from €68,181 to €37,642
- Cash -€3,768
down €3,768 (-41.0%), from €9,201 to €5,433
mainly Other debts (-€12,300) and Net result for the year (-€10,698)
- Other debts -€12,300
down €12,300 (-52.6%), from €23,382 to €11,082
- Profit (loss) carried forward -€10,698
down €10,698 (-392.9%), from -€2,723 to -€13,421
- Trade debts -€7,492
down €7,492 (-31.3%), from €23,926 to €16,433
- Tax, wage and social debts -€3,506
down €3,506 (-19.7%), from €17,797 to €14,291
of which Taxes: -€2,468
- Gross operating margin -€18,869
down €18,869 (-50.2%), from €37,593 to €18,725
- Staff costs -€1,312
down €1,312 (-4.6%), from €28,685 to €27,373
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 | €81,382 | €47,385 | -€33,997 | -41.8% |
| Fixed assets | 21/28 | €2,204 | €1,518 | -€686 | -31.1% |
| Tangible fixed assets | 22/27 | €2,204 | €1,518 | -€686 | -31.1% |
| Other tangible fixed assets | 26 | €2,204 | €1,518 | -€686 | -31.1% |
| Current assets | 29/58 | €79,178 | €45,867 | -€33,311 | -42.1% |
| Stocks and contracts in progress | 3 | €68,181 | €37,642 | -€30,540 | -44.8% |
| Stocks | 30/36 | €68,181 | €37,642 | -€30,540 | -44.8% |
| Amounts receivable within one year | 40/41 | €1,288 | €1,953 | +€665 | +51.7% |
| Trade receivables | 40 | €1,253 | €1,919 | +€665 | +53.1% |
| Other amounts receivable | 41 | €35 | €35 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,201 | €5,433 | -€3,768 | -41.0% |
| Deferred charges and accrued income | 490/1 | €508 | €839 | +€332 | +65.3% |
| Total equity and liabilities | 10/49 | €81,382 | €47,385 | -€33,997 | -41.8% |
| Equity | 10/15 | €16,277 | €5,579 | -€10,698 | -65.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,723 | -€13,421 | -€10,698 | -392.9% |
| Amounts payable | 17/49 | €65,105 | €41,806 | -€23,299 | -35.8% |
| Amounts payable within one year | 42/48 | €65,105 | €41,806 | -€23,299 | -35.8% |
| Trade debts | 44 | €23,926 | €16,433 | -€7,492 | -31.3% |
| Suppliers | 440/4 | €23,926 | €16,433 | -€7,492 | -31.3% |
| Taxes, remuneration and social security | 45 | €17,797 | €14,291 | -€3,506 | -19.7% |
| Taxes | 450/3 | €11,943 | €9,475 | -€2,468 | -20.7% |
| Remuneration and social security | 454/9 | €5,854 | €4,816 | -€1,038 | -17.7% |
| Other amounts payable | 47/48 | €23,382 | €11,082 | -€12,300 | -52.6% |
| Remuneration, social security and pensions | 62 | €28,685 | €27,373 | -€1,312 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €686 | €686 | = | 0.0% |
| Other operating charges | 640/8 | €892 | €1,150 | +€258 | +28.9% |
| Gross operating margin | 9900 | €37,593 | €18,725 | -€18,869 | -50.2% |
| Operating profit (loss) | 9901 | €7,330 | -€10,484 | -€17,814 | |
| Financial charges | 65/66B | €459 | €214 | -€245 | -53.4% |
| Recurring financial charges | 65 | €459 | €214 | -€245 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €6,871 | -€10,698 | -€17,569 | |
| Profit (loss) for the period | 9904 | €6,871 | -€10,698 | -€17,569 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,871 | -€10,698 | -€17,569 |
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 6 October 2026 via checked.be.