Ragheno Development: 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.
Ragheno Development
Largest movements
- Stocks and contracts +€364,367
up €364,367 (+18.9%), from €1.9m to €2.3m
- Cash +€202,991
up €202,991 (+76.5%), from €265,292 to €468,283
mainly Debts after one year (+€2.3m) and Trade debts (+€237,476)
- Receivables within one year +€77,988
up €77,988 (+20.2%), from €386,848 to €464,836
of which Other amounts receivable: +€77,784
- Debts after one year +€2.3m
new in 2025: €2.3m
- Other debts -€1.7m
down €1.7m (-76.8%), from €2.3m to €525,333
- Trade debts +€237,476
up €237,476 (+230%), from €103,254 to €340,730
- Profit (loss) carried forward -€150,668
down €150,668 (-53.0%), from -€284,032 to -€434,700
- Goods and materials -€48,827
down €48,827 (-11.8%), from €413,194 to €364,367
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 | €2,584,248 | €3,229,593 | +€645,345 | +25.0% |
| Current assets | 29/58 | €2,584,248 | €3,229,593 | +€645,345 | +25.0% |
| Stocks and contracts in progress | 3 | €1,932,107 | €2,296,474 | +€364,367 | +18.9% |
| Contracts in progress | 37 | €1,932,107 | €2,296,474 | +€364,367 | +18.9% |
| Amounts receivable within one year | 40/41 | €386,848 | €464,836 | +€77,988 | +20.2% |
| Trade receivables | 40 | - | €204 | +€204 | |
| Other amounts receivable | 41 | €386,848 | €464,632 | +€77,784 | +20.1% |
| Cash at bank and in hand | 54/58 | €265,292 | €468,283 | +€202,991 | +76.5% |
| Total equity and liabilities | 10/49 | €2,584,248 | €3,229,593 | +€645,345 | +25.0% |
| Equity | 10/15 | €215,968 | €65,300 | -€150,668 | -69.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€284,032 | -€434,700 | -€150,668 | -53.0% |
| Amounts payable | 17/49 | €2,368,279 | €3,164,293 | +€796,014 | +33.6% |
| Amounts payable after more than one year | 17 | - | €2,295,000 | +€2.3m | |
| Financial debts | 170/4 | - | €2,295,000 | +€2.3m | |
| Credit institutions | 173 | - | €2,295,000 | +€2.3m | |
| Amounts payable within one year | 42/48 | €2,368,279 | €866,062 | -€1.5m | -63.4% |
| Trade debts | 44 | €103,254 | €340,730 | +€237,476 | +230% |
| Suppliers | 440/4 | €103,254 | €340,730 | +€237,476 | +230% |
| Other amounts payable | 47/48 | €2,265,026 | €525,333 | -€1.7m | -76.8% |
| Accrued charges and deferred income | 492/3 | - | €3,231 | +€3,231 | |
| Operating income | 70/76A | €413,194 | €364,367 | -€48,827 | -11.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €413,194 | €364,367 | -€48,827 | -11.8% |
| Operating charges | 60/66A | €478,536 | €419,082 | -€59,454 | -12.4% |
| Goods for resale, raw materials and consumables | 60 | €413,194 | €364,367 | -€48,827 | -11.8% |
| Purchases | 600/8 | €413,194 | €364,367 | -€48,827 | -11.8% |
| Services and other goods | 61 | €63,757 | €53,596 | -€10,160 | -15.9% |
| Other operating charges | 640/8 | €1,586 | €1,118 | -€467 | -29.5% |
| Operating profit (loss) | 9901 | -€65,342 | -€54,715 | +€10,627 | +16.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €102,989 | €95,953 | -€7,036 | -6.8% |
| Recurring financial charges | 65 | €102,989 | €95,953 | -€7,036 | -6.8% |
| Debt charges | 650 | €102,445 | €95,410 | -€7,035 | -6.9% |
| Other financial charges | 652/9 | €545 | €543 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€168,332 | -€150,668 | +€17,664 | +10.5% |
| Profit (loss) for the period | 9904 | -€168,332 | -€150,668 | +€17,664 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€168,332 | -€150,668 | +€17,664 | +10.5% |
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 29 October 2026 via checked.be.