RaYSun Invest: 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.
RaYSun Invest
Largest movements
- Tangible fixed assets +€46,858
up €46,858 (+109%), from €43,187 to €90,045
- Receivables within one year +€39,673
up €39,673 (+366%), from €10,839 to €50,512
of which Other amounts receivable: +€23,778
- Cash -€11,338
down €11,338 (-50.2%), from €22,584 to €11,246
mainly Investment in fixed assets (net) (-€50,869) and Receivables within one year (-€39,673)
- Debts after one year +€60,139
up €60,139 (+269%), from €22,392 to €82,531
of which Other amounts payable: +€64,000
- Profit (loss) carried forward +€16,574
up €16,574 (+73.1%), from €22,672 to €39,246
- Gross operating margin -€21,536
down €21,536 (-52.3%), from €41,158 to €19,622
- Taxes -€5,666
down €5,666 (-100.0%), from €5,667 to €1
- Financial income +€2,198
up €2,198 (+1,740%), from €126 to €2,324
- Depreciation +€1,812
up €1,812 (+109%), from €1,663 to €3,475
- Other operating charges -€476
down €476 (-36.9%), from €1,292 to €816
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 | €84,074 | €161,053 | +€76,980 | +91.6% |
| Fixed assets | 21/28 | €50,651 | €98,045 | +€47,394 | +93.6% |
| Tangible fixed assets | 22/27 | €43,187 | €90,045 | +€46,858 | +109% |
| Land and buildings | 22 | €43,187 | €90,045 | +€46,858 | +109% |
| Financial fixed assets | 28 | €7,464 | €8,000 | +€536 | +7.2% |
| Current assets | 29/58 | €33,423 | €63,008 | +€29,585 | +88.5% |
| Amounts receivable within one year | 40/41 | €10,839 | €50,512 | +€39,673 | +366% |
| Trade receivables | 40 | €9,361 | €25,256 | +€15,896 | +170% |
| Other amounts receivable | 41 | €1,478 | €25,256 | +€23,778 | +1,609% |
| Cash at bank and in hand | 54/58 | €22,584 | €11,246 | -€11,338 | -50.2% |
| Deferred charges and accrued income | 490/1 | - | €1,250 | +€1,250 | |
| Total equity and liabilities | 10/49 | €84,074 | €161,053 | +€76,980 | +91.6% |
| Equity | 10/15 | €32,672 | €49,246 | +€16,574 | +50.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,672 | €39,246 | +€16,574 | +73.1% |
| Amounts payable | 17/49 | €51,402 | €111,807 | +€60,405 | +118% |
| Amounts payable after more than one year | 17 | €22,392 | €82,531 | +€60,139 | +269% |
| Financial debts | 170/4 | €22,392 | €18,531 | -€3,861 | -17.2% |
| Other amounts payable | 178/9 | - | €64,000 | +€64,000 | |
| Amounts payable within one year | 42/48 | €29,009 | €29,276 | +€266 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €3,717 | €3,861 | +€144 | +3.9% |
| Trade debts | 44 | €19,625 | €18,660 | -€965 | -4.9% |
| Suppliers | 440/4 | €19,625 | €18,660 | -€965 | -4.9% |
| Taxes, remuneration and social security | 45 | €5,667 | €6,755 | +€1,088 | +19.2% |
| Taxes | 450/3 | €5,667 | €6,755 | +€1,088 | +19.2% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,663 | €3,475 | +€1,812 | +109% |
| Other operating charges | 640/8 | €1,292 | €816 | -€476 | -36.9% |
| Gross operating margin | 9900 | €41,158 | €19,622 | -€21,536 | -52.3% |
| Operating profit (loss) | 9901 | €38,203 | €15,331 | -€22,872 | -59.9% |
| Financial income | 75/76B | €126 | €2,324 | +€2,198 | +1,740% |
| Recurring financial income | 75 | €126 | €2,324 | +€2,198 | +1,740% |
| Financial charges | 65/66B | €1,185 | €1,081 | -€105 | -8.8% |
| Recurring financial charges | 65 | €1,185 | €1,081 | -€105 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €37,144 | €16,575 | -€20,569 | -55.4% |
| Income taxes | 67/77 | €5,667 | €1 | -€5,666 | -100.0% |
| Profit (loss) for the period | 9904 | €31,477 | €16,574 | -€14,902 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,477 | €16,574 | -€14,902 | -47.3% |
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 30 October 2026 via checked.be.