Rayden: 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.
What changed
Rayden
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€606,019
2024 · €757,077-€151,057
Equity
€3.8m
2024 · €3.8m+€6,019
Cash
€2.2m
2024 · €1.7m+€525,868
Balance sheet total
€5.8m
2024 · €6.0m-€267,007
Largest movements
Assets
- Cash +€525,868
up €525,868 (+31.0%), from €1.7m to €2.2m
mainly Net result for the year (+€606,019) and Receivables within one year (+€482,961)
- Receivables within one year -€482,961
down €482,961 (-14.5%), from €3.3m to €2.9m
of which Trade receivables: -€449,738
- Tangible fixed assets -€309,913
down €309,913 (-30.8%), from €1.0m to €695,199
of which Furniture and vehicles: -€299,507
Equity and liabilities
- Other debts -€300,016
down €300,016 (-33.3%), from €900,000 to €599,984
Income statement
- Turnover -€5.5m
down €5.5m (-22.1%), from €24.7m to €19.2m
- Goods and materials -€4.8m
down €4.8m (-31.1%), from €15.4m to €10.6m
- Other operating income +€301,729
up €301,729 (+57.0%), from €529,044 to €830,773
- Services and other goods -€291,141
down €291,141 (-6.5%), from €4.5m to €4.2m
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.
Result 2024
€757,077
Turnover
-€5.5m
Other operating income
+€301,729
Goods and materials
+€4.8m
Services and other goods
+€291,141
Staff costs
-€11,111
Depreciation
-€4,330
Write-downs
-€10,800
Provisions
-€210,158
Other operating charges
+€63,217
Other operating items
+€42,786
Financial income
+€15,316
Financial charges
+€320
Taxes
+€57,098
Result 2025
€606,019
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€84,929
Financing
-€605,509
Cash 2024
€1.7m
From operations (derived)
+€1.2m
Net result for the year
+€606,019
Depreciation
+€394,842
Receivables within one year
+€482,961
Trade debts
+€34,861
Tax, wage and social debts
-€43,033
Other debts
-€300,016
Accrued charges and deferred income
+€40,671
Investment (derived)
-€84,929
Investment in fixed assets (net)
-€84,929
Financing
-€605,509
Short-term financial debts
-€5,509
Contributions, distributions and other
-€600,000
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,041,778 | €5,774,771 | -€267,007 | -4.4% |
| Fixed assets | 21/28 | €1,005,112 | €695,199 | -€309,913 | -30.8% |
| Tangible fixed assets | 22/27 | €1,005,112 | €695,199 | -€309,913 | -30.8% |
| Plant, machinery and equipment | 23 | €7,269 | €3,127 | -€4,142 | -57.0% |
| Furniture and vehicles | 24 | €984,611 | €685,105 | -€299,507 | -30.4% |
| Other tangible fixed assets | 26 | €13,232 | €6,967 | -€6,265 | -47.3% |
| Current assets | 29/58 | €5,036,666 | €5,079,573 | +€42,907 | +0.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,340,520 | €2,857,558 | -€482,961 | -14.5% |
| Trade receivables | 40 | €3,253,334 | €2,803,596 | -€449,738 | -13.8% |
| Other amounts receivable | 41 | €87,185 | €53,962 | -€33,223 | -38.1% |
| Cash at bank and in hand | 54/58 | €1,696,147 | €2,222,015 | +€525,868 | +31.0% |
| Total equity and liabilities | 10/49 | €6,041,778 | €5,774,771 | -€267,007 | -4.4% |
| Equity | 10/15 | €3,795,804 | €3,801,824 | +€6,019 | +0.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €2,262,005 | €2,317,805 | +€55,800 | +2.5% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,249,611 | €2,305,411 | +€55,800 | +2.5% |
| Profit (loss) carried forward | 14 | €1,409,852 | €1,360,072 | -€49,781 | -3.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €2,245,974 | €1,972,948 | -€273,026 | -12.2% |
| Amounts payable within one year | 42/48 | €2,245,974 | €1,932,277 | -€313,697 | -14.0% |
| Financial debts | 43 | €59,902 | €54,393 | -€5,509 | -9.2% |
| Credit institutions | 430/8 | €59,902 | €54,393 | -€5,509 | -9.2% |
| Trade debts | 44 | €939,316 | €974,177 | +€34,861 | +3.7% |
| Suppliers | 440/4 | €939,316 | €974,177 | +€34,861 | +3.7% |
| Taxes, remuneration and social security | 45 | €346,756 | €303,723 | -€43,033 | -12.4% |
| Taxes | 450/3 | €45,205 | €3,413 | -€41,793 | -92.5% |
| Remuneration and social security | 454/9 | €301,551 | €300,310 | -€1,240 | -0.4% |
| Other amounts payable | 47/48 | €900,000 | €599,984 | -€300,016 | -33.3% |
| Accrued charges and deferred income | 492/3 | - | €40,671 | +€40,671 | |
| Operating income | 70/76A | €25,269,327 | €20,140,729 | -€5.1m | -20.3% |
| Turnover | 70 | €24,678,669 | €19,216,020 | -€5.5m | -22.1% |
| Other operating income | 74 | €529,044 | €830,773 | +€301,729 | +57.0% |
| Non-recurring operating income | 76A | €61,614 | €93,936 | +€32,322 | +52.5% |
| Operating charges | 60/66A | €24,259,680 | €19,354,872 | -€4.9m | -20.2% |
| Goods for resale, raw materials and consumables | 60 | €15,382,225 | €10,605,840 | -€4.8m | -31.1% |
| Purchases | 600/8 | €15,382,225 | €10,605,840 | -€4.8m | -31.1% |
| Services and other goods | 61 | €4,501,070 | €4,209,929 | -€291,141 | -6.5% |
| Remuneration, social security and pensions | 62 | €3,023,304 | €3,034,415 | +€11,111 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390,512 | €394,842 | +€4,330 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,800 | +€10,800 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€210,158 | €0 | +€210,158 | |
| Other operating charges | 640/8 | €1,162,260 | €1,099,043 | -€63,217 | -5.4% |
| Non-recurring operating charges | 66A | €10,466 | €2 | -€10,464 | -100.0% |
| Operating profit (loss) | 9901 | €1,009,648 | €785,857 | -€223,791 | -22.2% |
| Financial income | 75/76B | €0 | €15,316 | +€15,316 | |
| Recurring financial income | 75 | €0 | €15,316 | +€15,316 | |
| Income from current assets | 751 | €0 | €15,169 | +€15,169 | |
| Other financial income | 752/9 | €0 | €147 | +€147 | |
| Financial charges | 65/66B | €5,579 | €5,259 | -€320 | -5.7% |
| Recurring financial charges | 65 | €5,579 | €5,259 | -€320 | -5.7% |
| Debt charges | 650 | €2,857 | €2,623 | -€234 | -8.2% |
| Other financial charges | 652/9 | €2,722 | €2,636 | -€86 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €1,004,069 | €795,914 | -€208,155 | -20.7% |
| Income taxes | 67/77 | €246,992 | €189,894 | -€57,098 | -23.1% |
| Taxes | 670/3 | €246,992 | €189,894 | -€57,098 | -23.1% |
| Profit (loss) for the period | 9904 | €757,077 | €606,019 | -€151,057 | -20.0% |
| Transfer to tax-exempt reserves | 689 | €46,268 | €55,800 | +€9,532 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €710,809 | €550,219 | -€160,590 | -22.6% |
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 14 October 2026 via checked.be.