RAYAN PRODUCTS GROUP: what changed
RAYAN PRODUCTS GROUP
Largest movements
- Cash -€40,090
down €40,090 (-36.0%), from €111,277 to €71,187
mainly Receivables within one year (-€37,836) and Net result for the year (-€4,772)
- Receivables within one year +€37,836
up €37,836 (+132%), from €28,707 to €66,543
of which Trade receivables: +€39,000
- Tangible fixed assets -€7,339
down €7,339 (-2.5%), from €292,504 to €285,164
- Reserves -€4,772
down €4,772 (-3.5%), from €137,094 to €132,322
of which Distributable reserves: -€4,772
- Depreciation -€12,643
down €12,643 (-63.3%), from €19,982 to €7,339
- Gross operating margin -€7,457
down €7,457 (-45.8%), from €16,277 to €8,820
- Financial charges -€209
down €209 (-31.4%), from €668 to €458
- Other operating charges +€191
up €191 (+3.4%), from €5,603 to €5,794
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,070 | €424,275 | -€10,795 | -2.5% |
| Fixed assets | 21/28 | €292,603 | €285,263 | -€7,339 | -2.5% |
| Tangible fixed assets | 22/27 | €292,504 | €285,164 | -€7,339 | -2.5% |
| Land and buildings | 22 | €292,504 | €285,164 | -€7,339 | -2.5% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €142,467 | €139,012 | -€3,456 | -2.4% |
| Amounts receivable within one year | 40/41 | €28,707 | €66,543 | +€37,836 | +132% |
| Trade receivables | 40 | €27,537 | €66,537 | +€39,000 | +142% |
| Other amounts receivable | 41 | €1,171 | €7 | -€1,164 | -99.4% |
| Cash at bank and in hand | 54/58 | €111,277 | €71,187 | -€40,090 | -36.0% |
| Deferred charges and accrued income | 490/1 | €2,483 | €1,281 | -€1,202 | -48.4% |
| Total equity and liabilities | 10/49 | €435,070 | €424,275 | -€10,795 | -2.5% |
| Equity | 10/15 | €417,094 | €412,322 | -€4,772 | -1.1% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €280,000 | €280,000 | = | 0.0% |
| Issued capital | 100 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €137,094 | €132,322 | -€4,772 | -3.5% |
| Non-distributable reserves | 130/1 | €28,000 | €28,000 | = | 0.0% |
| Legal reserve | 130 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €109,094 | €104,322 | -€4,772 | -4.4% |
| Amounts payable | 17/49 | €17,976 | €11,953 | -€6,023 | -33.5% |
| Amounts payable within one year | 42/48 | €17,927 | €11,953 | -€5,975 | -33.3% |
| Trade debts | 44 | €10,832 | €7,111 | -€3,721 | -34.3% |
| Suppliers | 440/4 | €10,832 | €7,111 | -€3,721 | -34.3% |
| Taxes, remuneration and social security | 45 | €2,254 | - | -€2,254 | |
| Taxes | 450/3 | €2,254 | - | -€2,254 | |
| Other amounts payable | 47/48 | €4,841 | €4,841 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €49 | - | -€49 | |
| Non-recurring operating income | 76A | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,982 | €7,339 | -€12,643 | -63.3% |
| Other operating charges | 640/8 | €5,603 | €5,794 | +€191 | +3.4% |
| Gross operating margin | 9900 | €16,277 | €8,820 | -€7,457 | -45.8% |
| Operating profit (loss) | 9901 | -€9,308 | -€4,314 | +€4,994 | +53.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €668 | €458 | -€209 | -31.4% |
| Recurring financial charges | 65 | €668 | €458 | -€209 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,976 | -€4,772 | +€5,204 | +52.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,976 | -€4,772 | +€5,204 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,976 | -€4,772 | +€5,204 | +52.2% |
Next steps
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.