Van Ravensteyn Guy: 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.
Van Ravensteyn Guy
Largest movements
- Cash +€99,553
up €99,553 (+42.3%), from €235,276 to €334,828
mainly Net result for the year (+€165,556) and Depreciation (+€17,370)
- Current investments +€65,801
up €65,801 (+10.3%), from €640,835 to €706,637
- Receivables within one year +€34,113
up €34,113 (+602.2%), from €5,664 to €39,778
of which Other amounts receivable: +€33,104
- Tangible fixed assets -€17,370
down €17,370 (-25.1%), from €69,071 to €51,701
of which Furniture and vehicles: -€10,840
- Reserves +€165,556
up €165,556 (+18.2%), from €908,191 to €1.1m
- Tax, wage and social debts +€15,168
up €15,168 (+65.5%), from €23,143 to €38,311
- Financial income -€85,470
down €85,470 (-90.0%), from €94,925 to €9,455
- Gross operating margin +€11,072
up €11,072 (+4.6%), from €242,728 to €253,799
- Write-downs -€9,025
down €9,025 (-100.0%), from €9,025 to €0
- Taxes -€4,051
down €4,051 (-4.9%), from €81,943 to €77,892
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 | €953,088 | €1,135,995 | +€182,906 | +19.2% |
| Fixed assets | 21/28 | €69,071 | €51,701 | -€17,370 | -25.1% |
| Tangible fixed assets | 22/27 | €69,071 | €51,701 | -€17,370 | -25.1% |
| Land and buildings | 22 | €601 | €276 | -€325 | -54.1% |
| Plant, machinery and equipment | 23 | €22,751 | €16,545 | -€6,206 | -27.3% |
| Furniture and vehicles | 24 | €40,220 | €29,380 | -€10,840 | -27.0% |
| Other tangible fixed assets | 26 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €884,017 | €1,084,294 | +€200,277 | +22.7% |
| Amounts receivable within one year | 40/41 | €5,664 | €39,778 | +€34,113 | +602.2% |
| Trade receivables | 40 | €111 | €1,120 | +€1,009 | +908.9% |
| Other amounts receivable | 41 | €5,553 | €38,658 | +€33,104 | +596.1% |
| Current investments | 50/53 | €640,835 | €706,637 | +€65,801 | +10.3% |
| Cash at bank and in hand | 54/58 | €235,276 | €334,828 | +€99,553 | +42.3% |
| Deferred charges and accrued income | 490/1 | €2,242 | €3,051 | +€809 | +36.1% |
| Total equity and liabilities | 10/49 | €953,088 | €1,135,995 | +€182,906 | +19.2% |
| Equity | 10/15 | €926,791 | €1,092,347 | +€165,556 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €908,191 | €1,073,747 | +€165,556 | +18.2% |
| Distributable reserves | 133 | €908,191 | €1,073,747 | +€165,556 | +18.2% |
| Amounts payable | 17/49 | €26,297 | €43,648 | +€17,351 | +66.0% |
| Amounts payable within one year | 42/48 | €26,297 | €43,648 | +€17,351 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,154 | €5,337 | +€2,183 | +69.2% |
| Suppliers | 440/4 | €3,154 | €5,337 | +€2,183 | +69.2% |
| Taxes, remuneration and social security | 45 | €23,143 | €38,311 | +€15,168 | +65.5% |
| Taxes | 450/3 | €23,143 | €38,311 | +€15,168 | +65.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,721 | €17,370 | -€351 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,025 | €0 | -€9,025 | -100.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €242,728 | €253,799 | +€11,072 | +4.6% |
| Operating profit (loss) | 9901 | €215,413 | €235,844 | +€20,431 | +9.5% |
| Financial income | 75/76B | €94,925 | €9,455 | -€85,470 | -90.0% |
| Recurring financial income | 75 | €94,925 | €9,455 | -€85,470 | -90.0% |
| Financial charges | 65/66B | €3,322 | €1,851 | -€1,470 | -44.3% |
| Recurring financial charges | 65 | €3,322 | €1,851 | -€1,470 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €307,016 | €243,448 | -€63,569 | -20.7% |
| Income taxes | 67/77 | €81,943 | €77,892 | -€4,051 | -4.9% |
| Profit (loss) for the period | 9904 | €225,074 | €165,556 | -€59,518 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €225,074 | €165,556 | -€59,518 | -26.4% |
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 11 October 2026 via checked.be.