RAYURE: what changed
Two fiscal 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.
RAYURE
Largest movements
- Tangible fixed assets -€43,173
down €43,173 (-8.0%), from €537,586 to €494,413
of which Land and buildings: -€45,107
- Stocks and contracts -€23,169
down €23,169 (-17.2%), from €134,790 to €111,621
- Receivables within one year -€10,945
down €10,945 (-28.5%), from €38,348 to €27,403
of which Trade receivables: -€18,705
- Debts after one year -€61,336
down €61,336 (-37.8%), from €162,305 to €100,969
- Trade debts -€30,955
down €30,955 (-22.8%), from €135,639 to €104,684
- Other debts +€11,722
up €11,722 (+46.7%), from €25,076 to €36,798
- Staff costs -€10,442
down €10,442 (-4.5%), from €233,893 to €223,451
- Other operating charges -€9,354
down €9,354 (-50.5%), from €18,507 to €9,153
- Financial income -€5,591
down €5,591 (-37.7%), from €14,816 to €9,225
- Gross operating margin -€4,691
down €4,691 (-1.5%), from €321,906 to €317,214
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 | €790,742 | €714,465 | -€76,277 | -9.6% |
| Fixed assets | 21/28 | €537,897 | €494,724 | -€43,173 | -8.0% |
| Tangible fixed assets | 22/27 | €537,586 | €494,413 | -€43,173 | -8.0% |
| Land and buildings | 22 | €504,133 | €459,026 | -€45,107 | -8.9% |
| Furniture and vehicles | 24 | €1,434 | €645 | -€790 | -55.0% |
| Other tangible fixed assets | 26 | €32,018 | €34,742 | +€2,723 | +8.5% |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €252,844 | €219,740 | -€33,104 | -13.1% |
| Stocks and contracts in progress | 3 | €134,790 | €111,621 | -€23,169 | -17.2% |
| Stocks | 30/36 | €134,790 | €111,621 | -€23,169 | -17.2% |
| Amounts receivable within one year | 40/41 | €38,348 | €27,403 | -€10,945 | -28.5% |
| Trade receivables | 40 | €21,592 | €2,888 | -€18,705 | -86.6% |
| Other amounts receivable | 41 | €16,756 | €24,516 | +€7,760 | +46.3% |
| Cash at bank and in hand | 54/58 | €73,457 | €72,892 | -€565 | -0.8% |
| Deferred charges and accrued income | 490/1 | €6,250 | €7,825 | +€1,575 | +25.2% |
| Total equity and liabilities | 10/49 | €790,742 | €714,465 | -€76,277 | -9.6% |
| Equity | 10/15 | €365,487 | €366,675 | +€1,188 | +0.3% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Reserves | 13 | €57,679 | €57,679 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,100 | €8,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,100 | €8,100 | = | 0.0% |
| Distributable reserves | 133 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,808 | €227,996 | +€1,188 | +0.5% |
| Amounts payable | 17/49 | €425,255 | €347,790 | -€77,464 | -18.2% |
| Amounts payable after more than one year | 17 | €162,305 | €100,969 | -€61,336 | -37.8% |
| Financial debts | 170/4 | €162,305 | €100,969 | -€61,336 | -37.8% |
| Amounts payable within one year | 42/48 | €254,674 | €237,420 | -€17,254 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €60,509 | €61,336 | +€827 | +1.4% |
| Trade debts | 44 | €135,639 | €104,684 | -€30,955 | -22.8% |
| Suppliers | 440/4 | €135,639 | €104,684 | -€30,955 | -22.8% |
| Taxes, remuneration and social security | 45 | €33,450 | €34,603 | +€1,152 | +3.4% |
| Taxes | 450/3 | €3,584 | €8,355 | +€4,771 | +133.1% |
| Remuneration and social security | 454/9 | €29,866 | €26,248 | -€3,619 | -12.1% |
| Other amounts payable | 47/48 | €25,076 | €36,798 | +€11,722 | +46.7% |
| Accrued charges and deferred income | 492/3 | €8,275 | €9,400 | +€1,125 | +13.6% |
| Remuneration, social security and pensions | 62 | €233,893 | €223,451 | -€10,442 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,374 | €50,908 | -€466 | -0.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,248 | -€127 | -€1,375 | |
| Other operating charges | 640/8 | €18,507 | €9,153 | -€9,354 | -50.5% |
| Gross operating margin | 9900 | €321,906 | €317,214 | -€4,691 | -1.5% |
| Operating profit (loss) | 9901 | €16,884 | €33,829 | +€16,945 | +100.4% |
| Financial income | 75/76B | €14,816 | €9,225 | -€5,591 | -37.7% |
| Recurring financial income | 75 | €14,816 | €9,225 | -€5,591 | -37.7% |
| Financial charges | 65/66B | €3,841 | €3,269 | -€572 | -14.9% |
| Recurring financial charges | 65 | €3,841 | €3,269 | -€572 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €27,859 | €39,785 | +€11,927 | +42.8% |
| Income taxes | 67/77 | €3,584 | €3,598 | +€14 | +0.4% |
| Profit (loss) for the period | 9904 | €24,275 | €36,188 | +€11,913 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,275 | €36,188 | +€11,913 | +49.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.