RAYGEO CUISINES+: what changed
What changed
RAYGEO CUISINES+
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€5,606
2024 · €12,422-€6,816
Equity
€326,051
2024 · €320,445+€5,606
Cash
€33
2024 · €41-€8
Balance sheet total
€529,952
2024 · €569,288-€39,336
Largest movements
Assets
- Tangible fixed assets -€34,729
down €34,729 (-10.2%), from €339,051 to €304,322
- Receivables within one year -€9,975
down €9,975 (-25.1%), from €39,723 to €29,748
of which Trade receivables: -€5,996
Equity and liabilities
- Debts after one year -€31,239
down €31,239 (-21.1%), from €147,905 to €116,666
- Current portion of long-term debt -€13,558
down €13,558 (-24.3%), from €55,814 to €42,256
- Short-term financial debts -€7,212
down €7,212 (-35.8%), from €20,124 to €12,911
Income statement
- Purchases and services -€92,238
down €92,238 (-26.3%), from €350,284 to €258,045
- Gross operating margin -€13,438
down €13,438 (-16.6%), from €81,008 to €67,570
- Taxes -€2,619
down €2,619 (-46.3%), from €5,652 to €3,033
- Write-downs -€2,236
down €2,236 (-33.9%), from €6,606 to €4,370
- Financial charges -€1,853
down €1,853 (-13.7%), from €13,550 to €11,697
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.
Result 2024
€12,422
Gross operating margin
-€13,438
Staff costs
-€12
Depreciation
+€358
Write-downs
+€2,236
Other operating charges
+€1,011
Financial income
-€1,444
Financial charges
+€1,853
Taxes
+€2,619
Result 2025
€5,606
raises the resultlowers the result
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.
From operations
+€59,385
Investment
-€7,383
Financing
-€52,010
Cash 2024
€41
From operations (derived)
+€59,385
Net result for the year
+€5,606
Depreciation
+€42,112
Stocks and contracts
-€5,335
Receivables within one year
+€9,975
Deferred charges and accrued income
-€41
Trade debts
+€363
Tax, wage and social debts
+€2,331
Other debts
+€4,604
Accrued charges and deferred income
-€230
Investment (derived)
-€7,383
Investment in fixed assets (net)
-€7,383
Financing
-€52,010
Debts after one year
-€31,239
Current portion of long-term debt
-€13,558
Short-term financial debts
-€7,212
Cash 2025
€33
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,288 | €529,952 | -€39,336 | -6.9% |
| Fixed assets | 21/28 | €341,109 | €306,379 | -€34,729 | -10.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €339,051 | €304,322 | -€34,729 | -10.2% |
| Land and buildings | 22 | €306,716 | €291,078 | -€15,637 | -5.1% |
| Plant, machinery and equipment | 23 | €369 | €246 | -€123 | -33.3% |
| Furniture and vehicles | 24 | €18,178 | €1,082 | -€17,096 | -94.1% |
| Other tangible fixed assets | 26 | €13,788 | €11,916 | -€1,872 | -13.6% |
| Financial fixed assets | 28 | €2,058 | €2,058 | = | 0.0% |
| Current assets | 29/58 | €228,179 | €223,573 | -€4,607 | -2.0% |
| Stocks and contracts in progress | 3 | €188,349 | €193,684 | +€5,335 | +2.8% |
| Stocks | 30/36 | €188,349 | €193,684 | +€5,335 | +2.8% |
| Amounts receivable within one year | 40/41 | €39,723 | €29,748 | -€9,975 | -25.1% |
| Trade receivables | 40 | €33,216 | €27,220 | -€5,996 | -18.1% |
| Other amounts receivable | 41 | €6,507 | €2,528 | -€3,979 | -61.1% |
| Cash at bank and in hand | 54/58 | €41 | €33 | -€8 | -19.4% |
| Deferred charges and accrued income | 490/1 | €67 | €108 | +€41 | +61.6% |
| Total equity and liabilities | 10/49 | €569,288 | €529,952 | -€39,336 | -6.9% |
| Equity | 10/15 | €320,445 | €326,051 | +€5,606 | +1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €124,000 | €129,500 | +€5,500 | +4.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Distributable reserves | 133 | €124,000 | €129,500 | +€5,500 | +4.4% |
| Profit (loss) carried forward | 14 | €176,445 | €176,551 | +€106 | +0.1% |
| Amounts payable | 17/49 | €248,843 | €203,901 | -€44,942 | -18.1% |
| Amounts payable after more than one year | 17 | €147,905 | €116,666 | -€31,239 | -21.1% |
| Financial debts | 170/4 | €147,905 | €116,666 | -€31,239 | -21.1% |
| Amounts payable within one year | 42/48 | €100,424 | €86,951 | -€13,473 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €55,814 | €42,256 | -€13,558 | -24.3% |
| Financial debts | 43 | €20,124 | €12,911 | -€7,212 | -35.8% |
| Credit institutions | 430/8 | €20,124 | €12,911 | -€7,212 | -35.8% |
| Trade debts | 44 | €19,904 | €20,267 | +€363 | +1.8% |
| Suppliers | 440/4 | €19,904 | €20,267 | +€363 | +1.8% |
| Taxes, remuneration and social security | 45 | €628 | €2,959 | +€2,331 | +371% |
| Taxes | 450/3 | €628 | €2,959 | +€2,331 | +371% |
| Other amounts payable | 47/48 | €3,954 | €8,558 | +€4,604 | +116% |
| Accrued charges and deferred income | 492/3 | €514 | €284 | -€230 | -44.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €350,284 | €258,045 | -€92,238 | -26.3% |
| Remuneration, social security and pensions | 62 | €268 | €280 | +€12 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,470 | €42,112 | -€358 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,606 | €4,370 | -€2,236 | -33.9% |
| Other operating charges | 640/8 | €7,080 | €6,069 | -€1,011 | -14.3% |
| Gross operating margin | 9900 | €81,008 | €67,570 | -€13,438 | -16.6% |
| Operating profit (loss) | 9901 | €24,583 | €14,740 | -€9,843 | -40.0% |
| Financial income | 75/76B | €7,041 | €5,597 | -€1,444 | -20.5% |
| Recurring financial income | 75 | €7,041 | €5,597 | -€1,444 | -20.5% |
| Financial charges | 65/66B | €13,550 | €11,697 | -€1,853 | -13.7% |
| Recurring financial charges | 65 | €13,550 | €11,697 | -€1,853 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €18,074 | €8,640 | -€9,435 | -52.2% |
| Income taxes | 67/77 | €5,652 | €3,033 | -€2,619 | -46.3% |
| Profit (loss) for the period | 9904 | €12,422 | €5,606 | -€6,816 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,422 | €5,606 | -€6,816 | -54.9% |
Next steps
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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 3 November 2026 via checked.be.