RAYAMBE: 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.
RAYAMBE
Largest movements
- Receivables within one year +€16,315
new in 2025: €16,315
of which Other amounts receivable: +€15,620
- Tangible fixed assets -€12,151
down €12,151 (-6.5%), from €186,507 to €174,356
of which Land and buildings: -€11,538
- Cash -€6,138
down €6,138 (-68.2%), from €8,995 to €2,857
mainly Debts after one year (-€38,982) and Receivables within one year (-€16,315)
- Debts after one year -€38,982
down €38,982 (-31.7%), from €123,147 to €84,165
- Current portion of long-term debt +€26,448
up €26,448 (+211.0%), from €12,533 to €38,982
- Reserves +€10,529
up €10,529 (+4178.1%), from €252 to €10,781
of which Distributable reserves: +€10,529
- Tax, wage and social debts +€3,271
up €3,271 (+20.9%), from €15,660 to €18,931
- Trade debts -€3,241
no longer reported in 2025 (was €3,241)
- Financial charges +€7,003
up €7,003 (+275.1%), from €2,546 to €9,549
- Gross operating margin +€5,501
up €5,501 (+14.5%), from €37,958 to €43,459
- Taxes +€2,051
up €2,051 (+60.2%), from €3,404 to €5,455
- Other operating charges -€755
down €755 (-11.5%), from €6,543 to €5,788
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 | €195,632 | €193,658 | -€1,974 | -1.0% |
| Fixed assets | 21/28 | €186,637 | €174,486 | -€12,151 | -6.5% |
| Tangible fixed assets | 22/27 | €186,507 | €174,356 | -€12,151 | -6.5% |
| Land and buildings | 22 | €183,746 | €172,209 | -€11,538 | -6.3% |
| Plant, machinery and equipment | 23 | €1,213 | €991 | -€222 | -18.3% |
| Furniture and vehicles | 24 | €1,548 | €1,156 | -€392 | -25.3% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €8,995 | €19,171 | +€10,176 | +113.1% |
| Amounts receivable within one year | 40/41 | - | €16,315 | +€16,315 | |
| Trade receivables | 40 | - | €695 | +€695 | |
| Other amounts receivable | 41 | - | €15,620 | +€15,620 | |
| Cash at bank and in hand | 54/58 | €8,995 | €2,857 | -€6,138 | -68.2% |
| Total equity and liabilities | 10/49 | €195,632 | €193,658 | -€1,974 | -1.0% |
| Equity | 10/15 | €41,051 | €51,580 | +€10,529 | +25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €252 | €10,781 | +€10,529 | +4178.1% |
| Non-distributable reserves | 130/1 | €252 | €252 | = | 0.0% |
| Legal reserve | 130 | €252 | - | -€252 | |
| Reserves not available under the articles | 1311 | - | €252 | +€252 | |
| Distributable reserves | 133 | - | €10,529 | +€10,529 | |
| Profit (loss) carried forward | 14 | €22,199 | €22,199 | = | 0.0% |
| Amounts payable | 17/49 | €154,581 | €142,078 | -€12,503 | -8.1% |
| Amounts payable after more than one year | 17 | €123,147 | €84,165 | -€38,982 | -31.7% |
| Financial debts | 170/4 | €123,147 | €84,165 | -€38,982 | -31.7% |
| Amounts payable within one year | 42/48 | €31,434 | €57,913 | +€26,479 | +84.2% |
| Current portion of amounts payable after more than one year | 42 | €12,533 | €38,982 | +€26,448 | +211.0% |
| Trade debts | 44 | €3,241 | - | -€3,241 | |
| Suppliers | 440/4 | €3,241 | - | -€3,241 | |
| Taxes, remuneration and social security | 45 | €15,660 | €18,931 | +€3,271 | +20.9% |
| Taxes | 450/3 | €15,660 | €18,931 | +€3,271 | +20.9% |
| Remuneration, social security and pensions | 62 | - | €279 | +€279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,468 | €12,151 | -€317 | -2.5% |
| Other operating charges | 640/8 | €6,543 | €5,788 | -€755 | -11.5% |
| Gross operating margin | 9900 | €37,958 | €43,459 | +€5,501 | +14.5% |
| Operating profit (loss) | 9901 | €18,947 | €25,241 | +€6,294 | +33.2% |
| Financial income | 75/76B | - | €292 | +€292 | |
| Recurring financial income | 75 | - | €292 | +€292 | |
| Financial charges | 65/66B | €2,546 | €9,549 | +€7,003 | +275.1% |
| Recurring financial charges | 65 | €2,546 | €9,549 | +€7,003 | +275.1% |
| Profit (loss) for the period before taxes | 9903 | €16,401 | €15,984 | -€417 | -2.5% |
| Income taxes | 67/77 | €3,404 | €5,455 | +€2,051 | +60.2% |
| Profit (loss) for the period | 9904 | €12,997 | €10,529 | -€2,468 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,997 | €10,529 | -€2,468 | -19.0% |
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 11 October 2026 via checked.be.