RAYEN: 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.
RAYEN
Largest movements
- Cash -€1,609
down €1,609 (-10.4%), from €15,483 to €13,874
mainly Net result for the year (-€1,740) and Trade debts (-€85)
- Profit (loss) carried forward -€1,740
down €1,740 (-3.7%), from -€47,355 to -€49,095
- Tax, wage and social debts +€246
up €246 (+41.2%), from €598 to €844
- Staff costs -€723
no longer reported in 2025 (was €723)
- Financial income +€173
new in 2025: €173
- Other operating charges -€67
down €67 (-8.4%), from €800 to €732
- Gross operating margin +€39
up €39 (+3.3%), from -€1,175 to -€1,136
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 | €16,450 | €14,871 | -€1,579 | -9.6% |
| Current assets | 29/58 | €16,450 | €14,871 | -€1,579 | -9.6% |
| Amounts receivable within one year | 40/41 | €967 | €997 | +€30 | +3.1% |
| Trade receivables | 40 | €967 | €997 | +€30 | +3.1% |
| Cash at bank and in hand | 54/58 | €15,483 | €13,874 | -€1,609 | -10.4% |
| Total equity and liabilities | 10/49 | €16,450 | €14,871 | -€1,579 | -9.6% |
| Equity | 10/15 | €15,767 | €14,027 | -€1,740 | -11.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,622 | €1,622 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,622 | €1,622 | = | 0.0% |
| Legal reserve | 130 | €1,622 | €1,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,355 | -€49,095 | -€1,740 | -3.7% |
| Amounts payable | 17/49 | €683 | €844 | +€161 | +23.6% |
| Amounts payable within one year | 42/48 | €683 | €844 | +€161 | +23.6% |
| Trade debts | 44 | €85 | - | -€85 | |
| Suppliers | 440/4 | €85 | - | -€85 | |
| Taxes, remuneration and social security | 45 | €598 | €844 | +€246 | +41.2% |
| Taxes | 450/3 | €598 | €844 | +€246 | +41.2% |
| Remuneration, social security and pensions | 62 | €723 | - | -€723 | |
| Other operating charges | 640/8 | €800 | €732 | -€67 | -8.4% |
| Gross operating margin | 9900 | -€1,175 | -€1,136 | +€39 | +3.3% |
| Operating profit (loss) | 9901 | -€2,698 | -€1,868 | +€829 | +30.7% |
| Financial income | 75/76B | - | €173 | +€173 | |
| Recurring financial income | 75 | - | €173 | +€173 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,741 | -€1,740 | +€1,001 | +36.5% |
| Profit (loss) for the period | 9904 | -€2,741 | -€1,740 | +€1,001 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,741 | -€1,740 | +€1,001 | +36.5% |
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 24 October 2026 via checked.be.