RAYAN TRADING: 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 TRADING
Largest movements
- Stocks and contracts +€12,080
up €12,080 (+24.8%), from €48,750 to €60,830
- Receivables within one year -€10,176
down €10,176 (-6.4%), from €158,886 to €148,710
of which Trade receivables: -€9,252
- Tangible fixed assets +€8,355
up €8,355 (+25.5%), from €32,713 to €41,068
of which Leasing and similar rights: +€13,960
- Other debts -€7,212
down €7,212 (-4.8%), from €149,323 to €142,111
- Debts after one year +€7,120
new in 2025: €7,120
- Reserves +€6,249
up €6,249 (+17.6%), from €35,593 to €41,842
- Current portion of long-term debt +€5,194
up €5,194, from €0 to €5,194
- Short-term financial debts -€3,612
down €3,612 (-17.6%), from €20,464 to €16,852
- Financial charges -€3,375
down €3,375 (-61.7%), from €5,475 to €2,099
- Depreciation +€3,081
up €3,081 (+40.7%), from €7,565 to €10,645
- Other operating charges -€261
down €261 (-32.1%), from €813 to €552
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 | €248,721 | €259,149 | +€10,427 | +4.2% |
| Fixed assets | 21/28 | €41,086 | €49,440 | +€8,355 | +20.3% |
| Tangible fixed assets | 22/27 | €32,713 | €41,068 | +€8,355 | +25.5% |
| Plant, machinery and equipment | 23 | €18,978 | €13,373 | -€5,606 | -29.5% |
| Leasing and similar rights | 25 | €13,735 | €27,695 | +€13,960 | +102% |
| Financial fixed assets | 28 | €8,373 | €8,373 | = | 0.0% |
| Current assets | 29/58 | €207,636 | €209,708 | +€2,073 | +1.0% |
| Stocks and contracts in progress | 3 | €48,750 | €60,830 | +€12,080 | +24.8% |
| Stocks | 30/36 | €48,750 | €60,830 | +€12,080 | +24.8% |
| Amounts receivable within one year | 40/41 | €158,886 | €148,710 | -€10,176 | -6.4% |
| Trade receivables | 40 | €152,218 | €142,966 | -€9,252 | -6.1% |
| Other amounts receivable | 41 | €6,667 | €5,744 | -€923 | -13.8% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €0 | €168 | +€168 | |
| Total equity and liabilities | 10/49 | €248,721 | €259,149 | +€10,427 | +4.2% |
| Equity | 10/15 | €54,193 | €60,442 | +€6,249 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,593 | €41,842 | +€6,249 | +17.6% |
| Distributable reserves | 133 | €35,593 | €41,842 | +€6,249 | +17.6% |
| Amounts payable | 17/49 | €194,528 | €198,707 | +€4,179 | +2.1% |
| Amounts payable after more than one year | 17 | - | €7,120 | +€7,120 | |
| Financial debts | 170/4 | - | €7,120 | +€7,120 | |
| Amounts payable within one year | 42/48 | €194,528 | €191,587 | -€2,941 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,194 | +€5,194 | |
| Financial debts | 43 | €20,464 | €16,852 | -€3,612 | -17.6% |
| Credit institutions | 430/8 | €20,464 | €16,852 | -€3,612 | -17.6% |
| Trade debts | 44 | €24,742 | €27,430 | +€2,688 | +10.9% |
| Suppliers | 440/4 | €24,742 | €27,430 | +€2,688 | +10.9% |
| Other amounts payable | 47/48 | €149,323 | €142,111 | -€7,212 | -4.8% |
| Non-recurring operating income | 76A | - | €11,500 | +€11,500 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,565 | €10,645 | +€3,081 | +40.7% |
| Other operating charges | 640/8 | €813 | €552 | -€261 | -32.1% |
| Gross operating margin | 9900 | €20,276 | €20,248 | -€28 | -0.1% |
| Operating profit (loss) | 9901 | €11,899 | €9,051 | -€2,848 | -23.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,475 | €2,099 | -€3,375 | -61.7% |
| Recurring financial charges | 65 | €5,475 | €2,099 | -€3,375 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €6,424 | €6,952 | +€528 | +8.2% |
| Income taxes | 67/77 | €856 | €703 | -€153 | -17.9% |
| Profit (loss) for the period | 9904 | €5,568 | €6,249 | +€681 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,568 | €6,249 | +€681 | +12.2% |
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 15 October 2026 via checked.be.