Rayan Adam Group: what changed
What changed
Rayan Adam Group
NACE 95.314, Bodywork repair (including spraying and painting)
filed annual accounts (NBB)
Net result for the year
-€31,233
2024 · €5,503-€36,736
Equity
-€22,730
2024 · €8,503-€31,233
Cash
€3,039
2024 · €3,669-€631
Balance sheet total
€120,247
2024 · €125,078-€4,831
Largest movements
Assets
- Tangible fixed assets -€21,962
down €21,962 (-25.1%), from €87,529 to €65,567
- Receivables within one year +€16,281
up €16,281 (+65.8%), from €24,758 to €41,038
- Intangible fixed assets +€2,168
new in 2025: €2,168
Equity and liabilities
- Short-term financial debts +€45,000
up €45,000 (+900%), from €5,000 to €50,000
- Profit (loss) carried forward -€31,233
down €31,233, from €5,503 to -€25,730
- Debts after one year -€22,246
down €22,246 (-58.2%), from €38,223 to €15,976
- Trade debts -€14,175
down €14,175 (-39.7%), from €35,713 to €21,538
- Current portion of long-term debt +€10,469
up €10,469 (+88.9%), from €11,777 to €22,246
Income statement
- Staff costs +€32,517
up €32,517 (+59.1%), from €55,024 to €87,540
- Gross operating margin +€23,249
up €23,249 (+35.1%), from €66,200 to €89,449
- Depreciation +€22,113
up €22,113 (+12,230%), from €181 to €22,294
- Financial charges +€3,826
up €3,826 (+116%), from €3,312 to €7,138
- Other operating charges +€3,610
up €3,610 (+3,610%), from €100 to €3,710
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,503
Gross operating margin
+€23,249
Staff costs
-€32,517
Depreciation
-€22,113
Other operating charges
-€3,610
Financial charges
-€3,826
Taxes
+€2,080
Result 2025
-€31,233
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€31,353
Investment
-€2,500
Financing
+€33,223
Cash 2024
€3,669
From operations (derived)
-€31,353
Net result for the year
-€31,233
Depreciation
+€22,294
Receivables within one year
-€16,281
Deferred charges and accrued income
+€687
Trade debts
-€14,175
Tax, wage and social debts
+€7,354
Investment (derived)
-€2,500
Investment in fixed assets (net)
-€2,500
Financing
+€33,223
Debts after one year
-€22,246
Current portion of long-term debt
+€10,469
Short-term financial debts
+€45,000
Cash 2025
€3,039
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,078 | €120,247 | -€4,831 | -3.9% |
| Fixed assets | 21/28 | €87,529 | €67,735 | -€19,794 | -22.6% |
| Intangible fixed assets | 21 | - | €2,168 | +€2,168 | |
| Tangible fixed assets | 22/27 | €87,529 | €65,567 | -€21,962 | -25.1% |
| Furniture and vehicles | 24 | €87,529 | €65,567 | -€21,962 | -25.1% |
| Current assets | 29/58 | €37,549 | €52,513 | +€14,963 | +39.8% |
| Stocks and contracts in progress | 3 | €5,330 | €5,330 | = | 0.0% |
| Stocks | 30/36 | €5,330 | €5,330 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,758 | €41,038 | +€16,281 | +65.8% |
| Trade receivables | 40 | €24,758 | €41,038 | +€16,281 | +65.8% |
| Cash at bank and in hand | 54/58 | €3,669 | €3,039 | -€631 | -17.2% |
| Deferred charges and accrued income | 490/1 | €3,793 | €3,106 | -€687 | -18.1% |
| Total equity and liabilities | 10/49 | €125,078 | €120,247 | -€4,831 | -3.9% |
| Equity | 10/15 | €8,503 | -€22,730 | -€31,233 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,503 | -€25,730 | -€31,233 | |
| Amounts payable | 17/49 | €116,575 | €142,978 | +€26,402 | +22.6% |
| Amounts payable after more than one year | 17 | €38,223 | €15,976 | -€22,246 | -58.2% |
| Financial debts | 170/4 | €38,223 | €15,976 | -€22,246 | -58.2% |
| Amounts payable within one year | 42/48 | €78,352 | €127,001 | +€48,649 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €11,777 | €22,246 | +€10,469 | +88.9% |
| Financial debts | 43 | €5,000 | €50,000 | +€45,000 | +900% |
| Credit institutions | 430/8 | €5,000 | €50,000 | +€45,000 | +900% |
| Trade debts | 44 | €35,713 | €21,538 | -€14,175 | -39.7% |
| Suppliers | 440/4 | €35,713 | €21,538 | -€14,175 | -39.7% |
| Taxes, remuneration and social security | 45 | €25,863 | €33,217 | +€7,354 | +28.4% |
| Taxes | 450/3 | €13,140 | €16,701 | +€3,561 | +27.1% |
| Remuneration and social security | 454/9 | €12,722 | €16,515 | +€3,793 | +29.8% |
| Remuneration, social security and pensions | 62 | €55,024 | €87,540 | +€32,517 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | €22,294 | +€22,113 | +12,230% |
| Other operating charges | 640/8 | €100 | €3,710 | +€3,610 | +3,610% |
| Gross operating margin | 9900 | €66,200 | €89,449 | +€23,249 | +35.1% |
| Operating profit (loss) | 9901 | €10,895 | -€24,095 | -€34,990 | |
| Financial charges | 65/66B | €3,312 | €7,138 | +€3,826 | +116% |
| Recurring financial charges | 65 | €3,312 | €7,138 | +€3,826 | +116% |
| Profit (loss) for the period before taxes | 9903 | €7,583 | -€31,233 | -€38,817 | |
| Income taxes | 67/77 | €2,080 | - | -€2,080 | |
| Profit (loss) for the period | 9904 | €5,503 | -€31,233 | -€36,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,503 | -€31,233 | -€36,736 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.