RAYCAR911: 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.
RAYCAR911
Largest movements
- Stocks and contracts -€32,383
down €32,383 (-11.9%), from €272,250 to €239,867
- Receivables within one year +€9,364
up €9,364 (+243.9%), from €3,839 to €13,203
of which Trade receivables: +€11,285
- Profit (loss) carried forward +€46,651
up €46,651 (+15.6%), from -€298,417 to -€251,766
- Other debts -€40,620
down €40,620 (-9.5%), from €429,288 to €388,667
- Trade debts -€13,984
down €13,984 (-14.4%), from €97,418 to €83,433
- Debts after one year -€10,143
down €10,143 (-35.9%), from €28,218 to €18,075
- Tax, wage and social debts -€8,196
down €8,196 (-70.8%), from €11,577 to €3,381
- Gross operating margin +€73,499
up €73,499, from -€14,226 to €59,273
- Financial charges -€4,011
down €4,011 (-42.6%), from €9,410 to €5,399
- Depreciation +€2,018
up €2,018 (+142.4%), from €1,417 to €3,435
- Other operating charges -€991
down €991 (-20.7%), from €4,782 to €3,791
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 | €321,226 | €300,930 | -€20,297 | -6.3% |
| Fixed assets | 21/28 | €13,205 | €12,721 | -€484 | -3.7% |
| Tangible fixed assets | 22/27 | €13,025 | €12,541 | -€484 | -3.7% |
| Plant, machinery and equipment | 23 | €323 | €85 | -€238 | -73.6% |
| Furniture and vehicles | 24 | €517 | €127 | -€390 | -75.4% |
| Other tangible fixed assets | 26 | €12,185 | €12,329 | +€144 | +1.2% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €308,021 | €288,208 | -€19,813 | -6.4% |
| Stocks and contracts in progress | 3 | €272,250 | €239,867 | -€32,383 | -11.9% |
| Stocks | 30/36 | €272,250 | €239,867 | -€32,383 | -11.9% |
| Amounts receivable within one year | 40/41 | €3,839 | €13,203 | +€9,364 | +243.9% |
| Trade receivables | 40 | €1,900 | €13,185 | +€11,285 | +594.1% |
| Other amounts receivable | 41 | €1,939 | €18 | -€1,921 | -99.1% |
| Cash at bank and in hand | 54/58 | €31,592 | €34,791 | +€3,199 | +10.1% |
| Deferred charges and accrued income | 490/1 | €340 | €347 | +€7 | +2.1% |
| Total equity and liabilities | 10/49 | €321,226 | €300,930 | -€20,297 | -6.3% |
| Equity | 10/15 | -€291,422 | -€244,770 | +€46,651 | +16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €795 | €795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €795 | €795 | = | 0.0% |
| Reserves not available under the articles | 1311 | €795 | €795 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,417 | -€251,766 | +€46,651 | +15.6% |
| Amounts payable | 17/49 | €612,648 | €545,700 | -€66,948 | -10.9% |
| Amounts payable after more than one year | 17 | €28,218 | €18,075 | -€10,143 | -35.9% |
| Financial debts | 170/4 | €28,218 | €18,075 | -€10,143 | -35.9% |
| Amounts payable within one year | 42/48 | €584,430 | €527,625 | -€56,805 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €9,647 | €10,143 | +€495 | +5.1% |
| Financial debts | 43 | €36,500 | €42,000 | +€5,500 | +15.1% |
| Credit institutions | 430/8 | €36,500 | €42,000 | +€5,500 | +15.1% |
| Trade debts | 44 | €97,418 | €83,433 | -€13,984 | -14.4% |
| Suppliers | 440/4 | €97,418 | €83,433 | -€13,984 | -14.4% |
| Taxes, remuneration and social security | 45 | €11,577 | €3,381 | -€8,196 | -70.8% |
| Taxes | 450/3 | €11,577 | €3,381 | -€8,196 | -70.8% |
| Other amounts payable | 47/48 | €429,288 | €388,667 | -€40,620 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €3,435 | +€2,018 | +142.4% |
| Other operating charges | 640/8 | €4,782 | €3,791 | -€991 | -20.7% |
| Gross operating margin | 9900 | -€14,226 | €59,273 | +€73,499 | |
| Operating profit (loss) | 9901 | -€20,425 | €52,047 | +€72,472 | |
| Financial income | 75/76B | €6 | €4 | -€2 | -36.5% |
| Recurring financial income | 75 | €6 | €4 | -€2 | -36.5% |
| Financial charges | 65/66B | €9,410 | €5,399 | -€4,011 | -42.6% |
| Recurring financial charges | 65 | €9,410 | €5,399 | -€4,011 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,829 | €46,651 | +€76,480 | |
| Profit (loss) for the period | 9904 | -€29,829 | €46,651 | +€76,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,829 | €46,651 | +€76,480 |
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 9 October 2026 via checked.be.