RAYAN: 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.
RAYAN
Largest movements
- Cash +€27
up €27 (+7.8%), from €347 to €374
mainly Tax, wage and social debts (+€13,783)
- Tax, wage and social debts +€13,783
up €13,783 (+12802.3%), from €108 to €13,891
of which Remuneration and social security: +€13,474
- Profit (loss) carried forward -€13,339
down €13,339 (-17.7%), from -€75,193 to -€88,532
- Other debts -€281
down €281 (-0.5%), from €57,439 to €57,158
- Trade debts -€136
down €136 (-21.4%), from €639 to €502
- Gross operating margin +€5,763
up €5,763 (+30.4%), from -€18,964 to -€13,201
- Other operating charges -€200
no longer reported in 2025 (was €200)
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 | €1,592 | €1,619 | +€27 | +1.7% |
| Fixed assets | 21/28 | €45 | €45 | = | 0.0% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €1,547 | €1,574 | +€27 | +1.7% |
| Stocks and contracts in progress | 3 | €1,200 | €1,200 | = | 0.0% |
| Stocks | 30/36 | €1,200 | €1,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €347 | €374 | +€27 | +7.8% |
| Total equity and liabilities | 10/49 | €1,592 | €1,619 | +€27 | +1.7% |
| Equity | 10/15 | -€56,593 | -€69,932 | -€13,339 | -23.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,193 | -€88,532 | -€13,339 | -17.7% |
| Amounts payable | 17/49 | €58,185 | €71,550 | +€13,366 | +23.0% |
| Amounts payable within one year | 42/48 | €58,185 | €71,550 | +€13,366 | +23.0% |
| Trade debts | 44 | €639 | €502 | -€136 | -21.4% |
| Suppliers | 440/4 | €639 | €502 | -€136 | -21.4% |
| Taxes, remuneration and social security | 45 | €108 | €13,891 | +€13,783 | +12802.3% |
| Taxes | 450/3 | €108 | €417 | +€309 | +287.4% |
| Remuneration and social security | 454/9 | - | €13,474 | +€13,474 | |
| Other amounts payable | 47/48 | €57,439 | €57,158 | -€281 | -0.5% |
| Other operating charges | 640/8 | €200 | - | -€200 | |
| Gross operating margin | 9900 | -€18,964 | -€13,201 | +€5,763 | +30.4% |
| Operating profit (loss) | 9901 | -€19,164 | -€13,201 | +€5,963 | +31.1% |
| Financial charges | 65/66B | €52 | €138 | +€86 | +164.3% |
| Recurring financial charges | 65 | €52 | €138 | +€86 | +164.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,216 | -€13,339 | +€5,877 | +30.6% |
| Profit (loss) for the period | 9904 | -€19,216 | -€13,339 | +€5,877 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,216 | -€13,339 | +€5,877 | +30.6% |
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 3 October 2026 via checked.be.