Rayss Construct: 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.
Rayss Construct
Largest movements
- Cash -€118,838
down €118,838 (-65.9%), from €180,390 to €61,552
mainly Net result for the year (-€64,366) and Trade debts (-€45,454)
- Tangible fixed assets -€58,734
down €58,734 (-25.9%), from €226,341 to €167,607
of which Furniture and vehicles: -€57,187
- Receivables within one year +€21,597
up €21,597 (+22.6%), from €95,503 to €117,101
of which Other amounts receivable: +€34,179
- Profit (loss) carried forward -€64,366
down €64,366 (-46.2%), from €139,359 to €74,993
- Trade debts -€45,454
down €45,454 (-40.6%), from €111,940 to €66,486
- Debts after one year -€30,015
down €30,015 (-20.0%), from €150,129 to €120,114
- Tax, wage and social debts -€14,520
down €14,520 (-39.7%), from €36,590 to €22,070
of which Taxes: -€12,646
- Other debts -€9,598
no longer reported in 2025 (was €9,598)
- Gross operating margin +€113,587
up €113,587 (+45.0%), from €252,539 to €366,126
- Financial income -€109,459
down €109,459 (-100.0%), from €109,459 to €1
of which Non-recurring financial income: -€109,456
- Staff costs +€94,428
up €94,428 (+77.3%), from €122,088 to €216,516
- Taxes +€62,977
up €62,977 (+211.8%), from €29,735 to €92,712
- Other operating charges +€30,366
up €30,366 (+136.3%), from €22,271 to €52,637
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.
Cash bridge derived
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 | €518,543 | €361,553 | -€156,991 | -30.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €226,341 | €167,607 | -€58,734 | -25.9% |
| Tangible fixed assets | 22/27 | €226,341 | €167,607 | -€58,734 | -25.9% |
| Plant, machinery and equipment | 23 | €4,704 | €3,157 | -€1,548 | -32.9% |
| Furniture and vehicles | 24 | €221,637 | €164,450 | -€57,187 | -25.8% |
| Current assets | 29/58 | €292,202 | €193,946 | -€98,256 | -33.6% |
| Amounts receivable within one year | 40/41 | €95,503 | €117,101 | +€21,597 | +22.6% |
| Trade receivables | 40 | €82,892 | €70,310 | -€12,582 | -15.2% |
| Other amounts receivable | 41 | €12,612 | €46,791 | +€34,179 | +271.0% |
| Cash at bank and in hand | 54/58 | €180,390 | €61,552 | -€118,838 | -65.9% |
| Deferred charges and accrued income | 490/1 | €16,309 | €15,293 | -€1,015 | -6.2% |
| Total equity and liabilities | 10/49 | €518,543 | €361,553 | -€156,991 | -30.3% |
| Equity | 10/15 | €166,346 | €101,980 | -€64,366 | -38.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,587 | €14,587 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,727 | €12,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,359 | €74,993 | -€64,366 | -46.2% |
| Amounts payable | 17/49 | €352,197 | €259,572 | -€92,625 | -26.3% |
| Amounts payable after more than one year | 17 | €150,129 | €120,114 | -€30,015 | -20.0% |
| Financial debts | 170/4 | €150,129 | €120,114 | -€30,015 | -20.0% |
| Amounts payable within one year | 42/48 | €202,068 | €139,458 | -€62,610 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €43,940 | €50,903 | +€6,963 | +15.8% |
| Trade debts | 44 | €111,940 | €66,486 | -€45,454 | -40.6% |
| Suppliers | 440/4 | €111,940 | €66,486 | -€45,454 | -40.6% |
| Taxes, remuneration and social security | 45 | €36,590 | €22,070 | -€14,520 | -39.7% |
| Taxes | 450/3 | €34,716 | €22,070 | -€12,646 | -36.4% |
| Remuneration and social security | 454/9 | €1,874 | - | -€1,874 | |
| Other amounts payable | 47/48 | €9,598 | - | -€9,598 | |
| Remuneration, social security and pensions | 62 | €122,088 | €216,516 | +€94,428 | +77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,603 | €52,418 | +€16,815 | +47.2% |
| Other operating charges | 640/8 | €22,271 | €52,637 | +€30,366 | +136.3% |
| Non-recurring operating charges | 66A | €48,942 | €6,316 | -€42,626 | -87.1% |
| Gross operating margin | 9900 | €252,539 | €366,126 | +€113,587 | +45.0% |
| Operating profit (loss) | 9901 | €23,635 | €38,239 | +€14,604 | +61.8% |
| Financial income | 75/76B | €109,459 | €1 | -€109,459 | -100.0% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -83.2% |
| Non-recurring financial income | 76B | €109,456 | - | -€109,456 | |
| Financial charges | 65/66B | €7,497 | €9,893 | +€2,397 | +32.0% |
| Recurring financial charges | 65 | €7,497 | €9,893 | +€2,397 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €125,597 | €28,346 | -€97,251 | -77.4% |
| Income taxes | 67/77 | €29,735 | €92,712 | +€62,977 | +211.8% |
| Profit (loss) for the period | 9904 | €95,862 | -€64,366 | -€160,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,862 | -€64,366 | -€160,228 |
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 12 October 2026 via checked.be.