RAYAN & CO: 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 & CO
Largest movements
- Stocks and contracts -€54,487
down €54,487 (-25.1%), from €216,838 to €162,351
- Cash +€9,674
up €9,674 (+103%), from €9,420 to €19,094
mainly Stocks and contracts (+€54,487) and Net result for the year (+€9,526)
- Receivables within one year +€6,558
up €6,558 (+133%), from €4,947 to €11,504
of which Other amounts receivable: +€5,725
- Trade debts -€32,511
down €32,511 (-94.4%), from €34,425 to €1,914
- Profit (loss) carried forward +€9,526
up €9,526 (+6.9%), from €138,899 to €148,425
- Other debts -€9,219
no longer reported in 2025 (was €9,219)
- Tax, wage and social debts -€8,377
down €8,377 (-20.4%), from €41,053 to €32,677
- Turnover +€486,368
new in 2025: €486,368
- Purchases and services +€355,146
new in 2025: €355,146
- Gross operating margin -€121,115
down €121,115 (-48.0%), from €252,337 to €131,222
- Other operating charges -€107,309
down €107,309 (-48.4%), from €221,494 to €114,185
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.
Derived cash bridge
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 | €235,997 | €195,416 | -€40,581 | -17.2% |
| Fixed assets | 21/28 | €4,625 | €2,300 | -€2,325 | -50.3% |
| Financial fixed assets | 28 | €4,625 | €2,300 | -€2,325 | -50.3% |
| Current assets | 29/58 | €231,372 | €193,116 | -€38,256 | -16.5% |
| Stocks and contracts in progress | 3 | €216,838 | €162,351 | -€54,487 | -25.1% |
| Stocks | 30/36 | €216,838 | €162,351 | -€54,487 | -25.1% |
| Amounts receivable within one year | 40/41 | €4,947 | €11,504 | +€6,558 | +133% |
| Trade receivables | 40 | €4,947 | €5,779 | +€833 | +16.8% |
| Other amounts receivable | 41 | - | €5,725 | +€5,725 | |
| Cash at bank and in hand | 54/58 | €9,420 | €19,094 | +€9,674 | +103% |
| Deferred charges and accrued income | 490/1 | €168 | €167 | -€0 | -0.3% |
| Total equity and liabilities | 10/49 | €235,997 | €195,416 | -€40,581 | -17.2% |
| Equity | 10/15 | €151,299 | €160,825 | +€9,526 | +6.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | €138,899 | €148,425 | +€9,526 | +6.9% |
| Amounts payable | 17/49 | €84,697 | €34,591 | -€50,107 | -59.2% |
| Amounts payable within one year | 42/48 | €84,697 | €34,591 | -€50,107 | -59.2% |
| Trade debts | 44 | €34,425 | €1,914 | -€32,511 | -94.4% |
| Suppliers | 440/4 | €34,425 | €1,914 | -€32,511 | -94.4% |
| Taxes, remuneration and social security | 45 | €41,053 | €32,677 | -€8,377 | -20.4% |
| Taxes | 450/3 | €41,053 | €32,677 | -€8,377 | -20.4% |
| Other amounts payable | 47/48 | €9,219 | - | -€9,219 | |
| Turnover | 70 | - | €486,368 | +€486,368 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €355,146 | +€355,146 | |
| Other operating charges | 640/8 | €221,494 | €114,185 | -€107,309 | -48.4% |
| Non-recurring operating charges | 66A | - | €2,570 | +€2,570 | |
| Gross operating margin | 9900 | €252,337 | €131,222 | -€121,115 | -48.0% |
| Operating profit (loss) | 9901 | €30,843 | €14,467 | -€16,376 | -53.1% |
| Financial charges | 65/66B | €3,260 | €4,941 | +€1,681 | +51.6% |
| Recurring financial charges | 65 | €3,260 | €4,941 | +€1,681 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €27,582 | €9,526 | -€18,057 | -65.5% |
| Profit (loss) for the period | 9904 | €27,582 | €9,526 | -€18,057 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,582 | €9,526 | -€18,057 | -65.5% |
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 21 October 2026 via checked.be.