RAYMO INVEST: what changed
RAYMO INVEST
Largest movements
- Tangible fixed assets -€129,769
down €129,769 (-14.9%), from €873,136 to €743,366
of which Land and buildings: -€66,081
- Cash +€15,100
up €15,100 (+273%), from €5,522 to €20,622
mainly Investment in fixed assets (net) (+€93,618) and Depreciation (+€36,152)
- Other debts -€50,244
down €50,244 (-18.3%), from €274,995 to €224,751
- Debts after one year -€47,882
down €47,882 (-10.7%), from €445,556 to €397,673
of which Financial debts: -€47,882
- Tax, wage and social debts -€13,334
down €13,334 (-91.4%), from €14,587 to €1,253
- Gross operating margin -€29,419
down €29,419 (-24.7%), from €118,928 to €89,509
- Taxes -€11,801
down €11,801 (-90.4%), from €13,054 to €1,253
- Depreciation -€11,211
down €11,211 (-23.7%), from €47,362 to €36,152
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €879,891 | €765,221 | -€114,670 | -13.0% |
| Fixed assets | 21/28 | €873,136 | €743,366 | -€129,769 | -14.9% |
| Tangible fixed assets | 22/27 | €873,136 | €743,366 | -€129,769 | -14.9% |
| Land and buildings | 22 | €781,462 | €715,381 | -€66,081 | -8.5% |
| Plant, machinery and equipment | 23 | €237 | €207 | -€30 | -12.6% |
| Furniture and vehicles | 24 | €91,437 | €27,779 | -€63,658 | -69.6% |
| Current assets | 29/58 | €6,755 | €21,855 | +€15,100 | +224% |
| Amounts receivable within one year | 40/41 | €1,233 | €1,233 | = | 0.0% |
| Other amounts receivable | 41 | €1,233 | €1,233 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,522 | €20,622 | +€15,100 | +273% |
| Total equity and liabilities | 10/49 | €879,891 | €765,221 | -€114,670 | -13.0% |
| Equity | 10/15 | €97,770 | €92,001 | -€5,768 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,170 | €73,401 | -€5,768 | -7.3% |
| Amounts payable | 17/49 | €782,121 | €673,220 | -€108,901 | -13.9% |
| Amounts payable after more than one year | 17 | €445,556 | €397,673 | -€47,882 | -10.7% |
| Financial debts | 170/4 | €438,056 | €390,173 | -€47,882 | -10.9% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €336,565 | €275,546 | -€61,019 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €46,941 | €48,294 | +€1,353 | +2.9% |
| Trade debts | 44 | €43 | €1,248 | +€1,205 | +2,807% |
| Suppliers | 440/4 | €43 | €1,248 | +€1,205 | +2,807% |
| Taxes, remuneration and social security | 45 | €14,587 | €1,253 | -€13,334 | -91.4% |
| Taxes | 450/3 | €14,587 | €1,253 | -€13,334 | -91.4% |
| Other amounts payable | 47/48 | €274,995 | €224,751 | -€50,244 | -18.3% |
| Non-recurring operating income | 76A | - | €8,029 | +€8,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,362 | €36,152 | -€11,211 | -23.7% |
| Other operating charges | 640/8 | €15,419 | €16,071 | +€652 | +4.2% |
| Non-recurring operating charges | 66A | - | €27,543 | +€27,543 | |
| Gross operating margin | 9900 | €118,928 | €89,509 | -€29,419 | -24.7% |
| Operating profit (loss) | 9901 | €56,146 | €9,743 | -€46,403 | -82.6% |
| Financial charges | 65/66B | €14,905 | €14,259 | -€646 | -4.3% |
| Recurring financial charges | 65 | €14,905 | €14,259 | -€646 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €41,242 | -€4,515 | -€45,757 | |
| Income taxes | 67/77 | €13,054 | €1,253 | -€11,801 | -90.4% |
| Profit (loss) for the period | 9904 | €28,187 | -€5,768 | -€33,956 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,187 | -€5,768 | -€33,956 |
Next steps
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 6 November 2026 via checked.be.