Rayve: 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.
Rayve
Largest movements
- Receivables within one year -€40,972
down €40,972 (-78.1%), from €52,459 to €11,487
of which Trade receivables: -€41,300
- Cash +€34,253
up €34,253 (+22.9%), from €149,555 to €183,808
mainly Net result for the year (+€53,582) and Receivables within one year (+€40,972)
- Tangible fixed assets +€21,678
up €21,678 (+23.5%), from €92,385 to €114,064
of which Plant, machinery and equipment: +€43,730
- Deferred charges and accrued income +€7,707
up €7,707 (+256.0%), from €3,011 to €10,718
- Profit (loss) carried forward +€53,582
up €53,582 (+59.7%), from -€89,827 to -€36,245
- Trade debts -€48,644
down €48,644 (-76.7%), from €63,392 to €14,748
- Tax, wage and social debts +€18,726
up €18,726 (+79.7%), from €23,507 to €42,233
of which Remuneration and social security: +€18,806
- Turnover -€818,694
no longer reported in 2025 (was €818,694)
- Purchases and services -€482,423
no longer reported in 2025 (was €482,423)
- Gross operating margin +€75,608
up €75,608 (+22.3%), from €338,776 to €414,384
- Staff costs +€65,749
up €65,749 (+26.8%), from €245,490 to €311,238
- Financial charges +€9,141
up €9,141 (+74.5%), from €12,272 to €21,412
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 | €308,852 | €331,126 | +€22,274 | +7.2% |
| Fixed assets | 21/28 | €100,106 | €121,386 | +€21,281 | +21.3% |
| Intangible fixed assets | 21 | €795 | €398 | -€398 | -50.0% |
| Tangible fixed assets | 22/27 | €92,385 | €114,064 | +€21,678 | +23.5% |
| Land and buildings | 22 | €56,347 | €48,192 | -€8,154 | -14.5% |
| Plant, machinery and equipment | 23 | €519 | €44,249 | +€43,730 | +8427.6% |
| Furniture and vehicles | 24 | €35,520 | €21,622 | -€13,897 | -39.1% |
| Financial fixed assets | 28 | €6,925 | €6,925 | = | 0.0% |
| Current assets | 29/58 | €208,746 | €209,740 | +€994 | +0.5% |
| Stocks and contracts in progress | 3 | €3,722 | €3,728 | +€6 | +0.2% |
| Stocks | 30/36 | €3,722 | €3,728 | +€6 | +0.2% |
| Amounts receivable within one year | 40/41 | €52,459 | €11,487 | -€40,972 | -78.1% |
| Trade receivables | 40 | €50,132 | €8,832 | -€41,300 | -82.4% |
| Other amounts receivable | 41 | €2,327 | €2,655 | +€328 | +14.1% |
| Cash at bank and in hand | 54/58 | €149,555 | €183,808 | +€34,253 | +22.9% |
| Deferred charges and accrued income | 490/1 | €3,011 | €10,718 | +€7,707 | +256.0% |
| Total equity and liabilities | 10/49 | €308,852 | €331,126 | +€22,274 | +7.2% |
| Equity | 10/15 | -€66,464 | -€12,881 | +€53,582 | +80.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,771 | €4,771 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,771 | €4,771 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,771 | €4,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,827 | -€36,245 | +€53,582 | +59.7% |
| Amounts payable | 17/49 | €375,316 | €344,008 | -€31,308 | -8.3% |
| Amounts payable within one year | 42/48 | €375,316 | €344,008 | -€31,308 | -8.3% |
| Trade debts | 44 | €63,392 | €14,748 | -€48,644 | -76.7% |
| Suppliers | 440/4 | €63,392 | €14,748 | -€48,644 | -76.7% |
| Taxes, remuneration and social security | 45 | €23,507 | €42,233 | +€18,726 | +79.7% |
| Taxes | 450/3 | €216 | €135 | -€80 | -37.2% |
| Remuneration and social security | 454/9 | €23,292 | €42,098 | +€18,806 | +80.7% |
| Other amounts payable | 47/48 | €288,416 | €287,026 | -€1,390 | -0.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €818,694 | - | -€818,694 | |
| Goods, raw materials, services and sundry goods | 60/61 | €482,423 | - | -€482,423 | |
| Remuneration, social security and pensions | 62 | €245,490 | €311,238 | +€65,749 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,743 | €24,969 | +€2,226 | +9.8% |
| Other operating charges | 640/8 | €4,382 | €3,197 | -€1,185 | -27.0% |
| Gross operating margin | 9900 | €338,776 | €414,384 | +€75,608 | +22.3% |
| Operating profit (loss) | 9901 | €66,162 | €74,980 | +€8,818 | +13.3% |
| Financial income | 75/76B | €0 | €15 | +€14 | +36175.0% |
| Recurring financial income | 75 | €0 | €15 | +€14 | +36175.0% |
| Financial charges | 65/66B | €12,272 | €21,412 | +€9,141 | +74.5% |
| Recurring financial charges | 65 | €12,272 | €21,412 | +€9,141 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | €53,890 | €53,582 | -€308 | -0.6% |
| Profit (loss) for the period | 9904 | €53,890 | €53,582 | -€308 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,890 | €53,582 | -€308 | -0.6% |
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.