RAYRICDAN: what changed
RAYRICDAN
Largest movements
- Tangible fixed assets -€33,896
down €33,896 (-56.7%), from €59,760 to €25,865
- Receivables within one year +€26,555
up €26,555 (+33.4%), from €79,592 to €106,147
of which Other amounts receivable: +€15,068
- Cash -€3,637
down €3,637 (-87.6%), from €4,153 to €516
mainly Receivables within one year (-€26,555) and Debts after one year (-€14,924)
- Debts after one year -€14,924
down €14,924 (-68.7%), from €21,724 to €6,799
- Trade debts +€10,546
up €10,546 (+53.7%), from €19,647 to €30,193
- Tax, wage and social debts -€8,903
down €8,903 (-10.3%), from €86,823 to €77,921
of which Taxes: -€9,861
- Staff costs +€14,961
new in 2026: €14,961
- Depreciation -€9,533
down €9,533 (-45.1%), from €21,140 to €11,607
- Other operating charges +€4,580
up €4,580 (+145%), from €3,159 to €7,740
- Taxes -€1,763
down €1,763 (-61.4%), from €2,873 to €1,110
- Financial charges -€744
down €744 (-27.4%), from €2,716 to €1,972
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,179 | €141,626 | -€11,553 | -7.5% |
| Fixed assets | 21/28 | €68,760 | €34,865 | -€33,896 | -49.3% |
| Tangible fixed assets | 22/27 | €59,760 | €25,865 | -€33,896 | -56.7% |
| Furniture and vehicles | 24 | €59,760 | €25,865 | -€33,896 | -56.7% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €84,418 | €106,761 | +€22,343 | +26.5% |
| Amounts receivable within one year | 40/41 | €79,592 | €106,147 | +€26,555 | +33.4% |
| Trade receivables | 40 | €72,991 | €84,478 | +€11,487 | +15.7% |
| Other amounts receivable | 41 | €6,601 | €21,669 | +€15,068 | +228% |
| Cash at bank and in hand | 54/58 | €4,153 | €516 | -€3,637 | -87.6% |
| Deferred charges and accrued income | 490/1 | €674 | €98 | -€575 | -85.4% |
| Total equity and liabilities | 10/49 | €153,179 | €141,626 | -€11,553 | -7.5% |
| Equity | 10/15 | €10,923 | €11,789 | +€865 | +7.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,923 | €8,789 | +€865 | +10.9% |
| Amounts payable | 17/49 | €142,255 | €129,838 | -€12,418 | -8.7% |
| Amounts payable after more than one year | 17 | €21,724 | €6,799 | -€14,924 | -68.7% |
| Financial debts | 170/4 | €21,724 | €6,799 | -€14,924 | -68.7% |
| Amounts payable within one year | 42/48 | €120,532 | €123,038 | +€2,506 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €14,062 | €14,924 | +€863 | +6.1% |
| Trade debts | 44 | €19,647 | €30,193 | +€10,546 | +53.7% |
| Suppliers | 440/4 | €19,647 | €30,193 | +€10,546 | +53.7% |
| Taxes, remuneration and social security | 45 | €86,823 | €77,921 | -€8,903 | -10.3% |
| Taxes | 450/3 | €86,308 | €76,447 | -€9,861 | -11.4% |
| Remuneration and social security | 454/9 | €515 | €1,474 | +€959 | +186% |
| Non-recurring operating income | 76A | - | €6,911 | +€6,911 | |
| Remuneration, social security and pensions | 62 | - | €14,961 | +€14,961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,140 | €11,607 | -€9,533 | -45.1% |
| Other operating charges | 640/8 | €3,159 | €7,740 | +€4,580 | +145% |
| Gross operating margin | 9900 | €37,671 | €37,681 | +€10 | 0.0% |
| Operating profit (loss) | 9901 | €13,372 | €3,373 | -€9,999 | -74.8% |
| Financial income | 75/76B | €141 | €575 | +€434 | +307% |
| Recurring financial income | 75 | €141 | €575 | +€434 | +307% |
| Financial charges | 65/66B | €2,716 | €1,972 | -€744 | -27.4% |
| Recurring financial charges | 65 | €2,716 | €1,972 | -€744 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €10,797 | €1,975 | -€8,821 | -81.7% |
| Income taxes | 67/77 | €2,873 | €1,110 | -€1,763 | -61.4% |
| Profit (loss) for the period | 9904 | €7,923 | €865 | -€7,058 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,923 | €865 | -€7,058 | -89.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.