RAYKAN: 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.
RAYKAN
Largest movements
- Cash -€4,975
no longer reported in 2025 (was €4,975)
mainly Debts after one year (-€5,431) and Net result for the year (-€3,634)
- Tangible fixed assets -€4,650
down €4,650 (-40.0%), from €11,632 to €6,982
of which Furniture and vehicles: -€3,046
- Receivables within one year -€4,440
down €4,440 (-15.0%), from €29,525 to €25,085
of which Trade receivables: -€11,681
- Debts after one year -€5,431
no longer reported in 2025 (was €5,431)
- Profit (loss) carried forward -€3,634
down €3,634 (-48.0%), from €7,577 to €3,943
- Current portion of long-term debt -€3,098
down €3,098 (-36.3%), from €8,529 to €5,431
- Other debts -€1,471
down €1,471 (-14.8%), from €9,913 to €8,442
- Tax, wage and social debts -€1,322
down €1,322 (-10.6%), from €12,504 to €11,181
of which Taxes: -€1,689
- Gross operating margin +€4,200
up €4,200 (+23.0%), from €18,281 to €22,481
- Staff costs +€2,452
up €2,452 (+15.2%), from €16,169 to €18,621
- Financial charges -€2,254
down €2,254 (-38.5%), from €5,850 to €3,596
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 | €51,093 | €37,028 | -€14,065 | -27.5% |
| Fixed assets | 21/28 | €11,632 | €6,982 | -€4,650 | -40.0% |
| Tangible fixed assets | 22/27 | €11,632 | €6,982 | -€4,650 | -40.0% |
| Plant, machinery and equipment | 23 | €506 | €230 | -€276 | -54.6% |
| Furniture and vehicles | 24 | €3,355 | €309 | -€3,046 | -90.8% |
| Other tangible fixed assets | 26 | €7,771 | €6,443 | -€1,328 | -17.1% |
| Current assets | 29/58 | €39,461 | €30,046 | -€9,415 | -23.9% |
| Amounts receivable within one year | 40/41 | €29,525 | €25,085 | -€4,440 | -15.0% |
| Trade receivables | 40 | €23,164 | €11,483 | -€11,681 | -50.4% |
| Other amounts receivable | 41 | €6,361 | €13,602 | +€7,241 | +114% |
| Current investments | 50/53 | €4,961 | €4,961 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,975 | - | -€4,975 | |
| Total equity and liabilities | 10/49 | €51,093 | €37,028 | -€14,065 | -27.5% |
| Equity | 10/15 | €7,677 | €4,043 | -€3,634 | -47.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,577 | €3,943 | -€3,634 | -48.0% |
| Amounts payable | 17/49 | €43,416 | €32,985 | -€10,431 | -24.0% |
| Amounts payable after more than one year | 17 | €5,431 | - | -€5,431 | |
| Financial debts | 170/4 | €5,431 | - | -€5,431 | |
| Amounts payable within one year | 42/48 | €37,985 | €32,985 | -€5,000 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €8,529 | €5,431 | -€3,098 | -36.3% |
| Financial debts | 43 | €6,565 | €7,239 | +€674 | +10.3% |
| Credit institutions | 430/8 | €6,565 | €7,046 | +€481 | +7.3% |
| Other loans | 439 | - | €193 | +€193 | |
| Trade debts | 44 | €473 | €691 | +€218 | +46.0% |
| Suppliers | 440/4 | €473 | €691 | +€218 | +46.0% |
| Taxes, remuneration and social security | 45 | €12,504 | €11,181 | -€1,322 | -10.6% |
| Taxes | 450/3 | €11,558 | €9,869 | -€1,689 | -14.6% |
| Remuneration and social security | 454/9 | €946 | €1,312 | +€367 | +38.8% |
| Other amounts payable | 47/48 | €9,913 | €8,442 | -€1,471 | -14.8% |
| Remuneration, social security and pensions | 62 | €16,169 | €18,621 | +€2,452 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,814 | €4,650 | -€164 | -3.4% |
| Other operating charges | 640/8 | €304 | €240 | -€64 | -20.9% |
| Gross operating margin | 9900 | €18,281 | €22,481 | +€4,200 | +23.0% |
| Operating profit (loss) | 9901 | -€3,007 | -€1,031 | +€1,976 | +65.7% |
| Financial income | 75/76B | €931 | €993 | +€62 | +6.6% |
| Recurring financial income | 75 | €931 | €993 | +€62 | +6.6% |
| Financial charges | 65/66B | €5,850 | €3,596 | -€2,254 | -38.5% |
| Recurring financial charges | 65 | €5,850 | €3,596 | -€2,254 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,926 | -€3,634 | +€4,292 | +54.1% |
| Profit (loss) for the period | 9904 | -€7,926 | -€3,634 | +€4,292 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,926 | -€3,634 | +€4,292 | +54.1% |
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 13 October 2026 via checked.be.