Red Ravens Technology: 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.
Red Ravens Technology
Largest movements
- Cash +€18,755
up €18,755 (+65.1%), from €28,812 to €47,566
mainly Net result for the year (+€37,643) and Depreciation (+€5,157)
- Receivables within one year +€4,562
up €4,562 (+10.6%), from €42,998 to €47,560
of which Trade receivables: +€6,763
- Reserves +€37,643
up €37,643 (+80.4%), from €46,830 to €84,473
- Tax, wage and social debts -€7,313
down €7,313 (-30.7%), from €23,846 to €16,532
- Debts after one year -€4,828
no longer reported in 2025 (was €4,828)
- Current portion of long-term debt -€2,116
down €2,116 (-30.5%), from €6,943 to €4,828
- Gross operating margin -€17,392
down €17,392 (-24.1%), from €72,038 to €54,646
- Taxes -€3,013
down €3,013 (-21.7%), from €13,911 to €10,898
- Depreciation -€2,991
down €2,991 (-36.7%), from €8,148 to €5,157
- Financial charges -€988
down €988 (-56.0%), from €1,764 to €776
- Other operating charges -€986
down €986 (-51.7%), from €1,907 to €920
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 | €92,289 | €115,649 | +€23,360 | +25.3% |
| Fixed assets | 21/28 | €18,806 | €19,713 | +€907 | +4.8% |
| Tangible fixed assets | 22/27 | €18,806 | €19,713 | +€907 | +4.8% |
| Plant, machinery and equipment | 23 | €454 | €338 | -€116 | -25.5% |
| Furniture and vehicles | 24 | €18,352 | €15,811 | -€2,541 | -13.8% |
| Other tangible fixed assets | 26 | - | €3,564 | +€3,564 | |
| Current assets | 29/58 | €73,483 | €95,936 | +€22,453 | +30.6% |
| Amounts receivable within one year | 40/41 | €42,998 | €47,560 | +€4,562 | +10.6% |
| Trade receivables | 40 | €23,167 | €29,930 | +€6,763 | +29.2% |
| Other amounts receivable | 41 | €19,831 | €17,630 | -€2,201 | -11.1% |
| Cash at bank and in hand | 54/58 | €28,812 | €47,566 | +€18,755 | +65.1% |
| Deferred charges and accrued income | 490/1 | €1,673 | €810 | -€864 | -51.6% |
| Total equity and liabilities | 10/49 | €92,289 | €115,649 | +€23,360 | +25.3% |
| Equity | 10/15 | €49,330 | €86,973 | +€37,643 | +76.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,830 | €84,473 | +€37,643 | +80.4% |
| Distributable reserves | 133 | €46,830 | €84,473 | +€37,643 | +80.4% |
| Amounts payable | 17/49 | €42,959 | €28,676 | -€14,283 | -33.2% |
| Amounts payable after more than one year | 17 | €4,828 | - | -€4,828 | |
| Financial debts | 170/4 | €4,828 | - | -€4,828 | |
| Amounts payable within one year | 42/48 | €38,131 | €28,676 | -€9,455 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €6,943 | €4,828 | -€2,116 | -30.5% |
| Trade debts | 44 | €7,342 | €7,316 | -€26 | -0.4% |
| Suppliers | 440/4 | €7,342 | €7,316 | -€26 | -0.4% |
| Taxes, remuneration and social security | 45 | €23,846 | €16,532 | -€7,313 | -30.7% |
| Taxes | 450/3 | €23,846 | €16,532 | -€7,313 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,148 | €5,157 | -€2,991 | -36.7% |
| Other operating charges | 640/8 | €1,907 | €920 | -€986 | -51.7% |
| Gross operating margin | 9900 | €72,038 | €54,646 | -€17,392 | -24.1% |
| Operating profit (loss) | 9901 | €61,983 | €48,569 | -€13,415 | -21.6% |
| Financial income | 75/76B | €521 | €748 | +€227 | +43.5% |
| Recurring financial income | 75 | €521 | €748 | +€227 | +43.5% |
| Financial charges | 65/66B | €1,764 | €776 | -€988 | -56.0% |
| Recurring financial charges | 65 | €1,764 | €776 | -€988 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €60,741 | €48,541 | -€12,200 | -20.1% |
| Income taxes | 67/77 | €13,911 | €10,898 | -€3,013 | -21.7% |
| Profit (loss) for the period | 9904 | €46,830 | €37,643 | -€9,187 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,830 | €37,643 | -€9,187 | -19.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.