RAYTECH CONSULTING AND SYSTEM SERVICES: 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.
RAYTECH CONSULTING AND SYSTEM SERVICES
Largest movements
- Cash +€35,898
up €35,898 (+130%), from €27,574 to €63,472
mainly Net result for the year (+€48,952) and Receivables after one year (+€29,067)
- Receivables after one year -€29,067
down €29,067 (-17.1%), from €169,984 to €140,916
- Tangible fixed assets +€22,959
up €22,959 (+16.0%), from €143,478 to €166,436
of which Land and buildings: +€23,089
- Receivables within one year -€14,166
down €14,166 (-94.3%), from €15,019 to €853
of which Trade receivables: -€13,050
- Reserves +€17,486
up €17,486 (+6.9%), from €252,886 to €270,373
- Gross operating margin +€27,005
up €27,005 (+63.7%), from €42,373 to €69,377
- Taxes +€7,036
up €7,036 (+58.4%), from €12,055 to €19,091
- Financial income -€1,361
down €1,361 (-25.1%), from €5,419 to €4,057
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 | €368,764 | €382,695 | +€13,930 | +3.8% |
| Fixed assets | 21/28 | €143,478 | €166,436 | +€22,959 | +16.0% |
| Tangible fixed assets | 22/27 | €143,478 | €166,436 | +€22,959 | +16.0% |
| Land and buildings | 22 | €143,233 | €166,322 | +€23,089 | +16.1% |
| Furniture and vehicles | 24 | €244 | €114 | -€130 | -53.3% |
| Current assets | 29/58 | €225,287 | €216,258 | -€9,028 | -4.0% |
| Amounts receivable after more than one year | 29 | €169,984 | €140,916 | -€29,067 | -17.1% |
| Other amounts receivable | 291 | €169,984 | €140,916 | -€29,067 | -17.1% |
| Amounts receivable within one year | 40/41 | €15,019 | €853 | -€14,166 | -94.3% |
| Trade receivables | 40 | €13,050 | - | -€13,050 | |
| Other amounts receivable | 41 | €1,969 | €853 | -€1,116 | -56.7% |
| Cash at bank and in hand | 54/58 | €27,574 | €63,472 | +€35,898 | +130% |
| Deferred charges and accrued income | 490/1 | €12,710 | €11,017 | -€1,693 | -13.3% |
| Total equity and liabilities | 10/49 | €368,764 | €382,695 | +€13,930 | +3.8% |
| Equity | 10/15 | €354,386 | €371,872 | +€17,486 | +4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €252,886 | €270,373 | +€17,486 | +6.9% |
| Distributable reserves | 133 | €252,886 | €270,373 | +€17,486 | +6.9% |
| Profit (loss) carried forward | 14 | €89,100 | €89,100 | = | 0.0% |
| Amounts payable | 17/49 | €14,379 | €10,822 | -€3,556 | -24.7% |
| Amounts payable within one year | 42/48 | €13,219 | €10,630 | -€2,588 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €844 | €762 | -€82 | -9.7% |
| Trade debts | 44 | €366 | €63 | -€303 | -82.7% |
| Suppliers | 440/4 | €366 | €63 | -€303 | -82.7% |
| Taxes, remuneration and social security | 45 | €9,352 | €9,805 | +€453 | +4.8% |
| Taxes | 450/3 | €8,459 | €9,185 | +€726 | +8.6% |
| Remuneration and social security | 454/9 | €893 | €620 | -€273 | -30.6% |
| Other amounts payable | 47/48 | €2,656 | - | -€2,656 | |
| Accrued charges and deferred income | 492/3 | €1,160 | €192 | -€968 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,504 | €2,179 | -€326 | -13.0% |
| Other operating charges | 640/8 | €2,375 | €2,652 | +€277 | +11.7% |
| Gross operating margin | 9900 | €42,373 | €69,377 | +€27,005 | +63.7% |
| Operating profit (loss) | 9901 | €37,494 | €64,547 | +€27,053 | +72.2% |
| Financial income | 75/76B | €5,419 | €4,057 | -€1,361 | -25.1% |
| Recurring financial income | 75 | €5,419 | €4,057 | -€1,361 | -25.1% |
| Financial charges | 65/66B | €607 | €562 | -€46 | -7.5% |
| Recurring financial charges | 65 | €607 | €562 | -€46 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €42,305 | €68,043 | +€25,737 | +60.8% |
| Income taxes | 67/77 | €12,055 | €19,091 | +€7,036 | +58.4% |
| Profit (loss) for the period | 9904 | €30,251 | €48,952 | +€18,701 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,251 | €48,952 | +€18,701 | +61.8% |
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 23 October 2026 via checked.be.