Rayan: 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.
Rayan
Largest movements
- Tangible fixed assets -€10,644
down €10,644 (-3.1%), from €343,067 to €332,423
of which Land and buildings: -€10,338
- Profit (loss) carried forward -€8,284
down €8,284 (-3.2%), from €262,419 to €254,135
- Gross operating margin +€1,603
up €1,603 (+17.1%), from €9,401 to €11,004
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 | €407,333 | €399,331 | -€8,002 | -2.0% |
| Fixed assets | 21/28 | €343,067 | €332,423 | -€10,644 | -3.1% |
| Tangible fixed assets | 22/27 | €343,067 | €332,423 | -€10,644 | -3.1% |
| Land and buildings | 22 | €342,055 | €331,717 | -€10,338 | -3.0% |
| Furniture and vehicles | 24 | €1,012 | €706 | -€306 | -30.2% |
| Current assets | 29/58 | €64,266 | €66,908 | +€2,642 | +4.1% |
| Amounts receivable after more than one year | 29 | €43,394 | €43,394 | = | 0.0% |
| Other amounts receivable | 291 | €43,394 | €43,394 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,699 | €15,004 | +€1,305 | +9.5% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €8,699 | €10,004 | +€1,305 | +15.0% |
| Cash at bank and in hand | 54/58 | €7,126 | €8,465 | +€1,339 | +18.8% |
| Deferred charges and accrued income | 490/1 | €48 | €46 | -€2 | -4.2% |
| Total equity and liabilities | 10/49 | €407,333 | €399,331 | -€8,002 | -2.0% |
| Equity | 10/15 | €296,504 | €288,220 | -€8,284 | -2.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,419 | €254,135 | -€8,284 | -3.2% |
| Amounts payable | 17/49 | €110,828 | €111,111 | +€283 | +0.3% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €828 | €1,111 | +€283 | +34.1% |
| Trade debts | 44 | €828 | €1,111 | +€283 | +34.1% |
| Suppliers | 440/4 | €828 | €1,111 | +€283 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,644 | €10,644 | = | 0.0% |
| Other operating charges | 640/8 | €1,950 | €1,922 | -€27 | -1.4% |
| Gross operating margin | 9900 | €9,401 | €11,004 | +€1,603 | +17.1% |
| Operating profit (loss) | 9901 | -€3,192 | -€1,562 | +€1,631 | +51.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €6,716 | €6,722 | +€6 | +0.1% |
| Recurring financial charges | 65 | €6,716 | €6,722 | +€6 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,909 | -€8,284 | +€1,624 | +16.4% |
| Profit (loss) for the period | 9904 | -€9,909 | -€8,284 | +€1,624 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,909 | -€8,284 | +€1,624 | +16.4% |
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.