DE RAEDT: 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.
DE RAEDT
Largest movements
- Receivables within one year +€71,387
up €71,387 (+33.7%), from €211,736 to €283,123
of which Other amounts receivable: +€85,000
- Cash +€15,972
up €15,972 (+12.7%), from €125,875 to €141,847
mainly Net result for the year (+€129,107) and Trade debts (+€10,510)
- Tangible fixed assets +€6,264
up €6,264 (+116%), from €5,413 to €11,677
of which Furniture and vehicles: +€6,264
- Reserves +€129,107
up €129,107 (+32.7%), from €395,164 to €524,271
of which Distributable reserves: +€108,057
- Accrued charges and deferred income -€27,493
no longer reported in 2023 (was €27,493)
- Tax, wage and social debts -€20,615
down €20,615 (-83.6%), from €24,651 to €4,036
of which Taxes: -€17,766
- Trade debts +€10,510
up €10,510 (+74.0%), from €14,208 to €24,717
- Gross operating margin +€92,499
up €92,499 (+101%), from €91,522 to €184,021
- Taxes +€26,649
up €26,649 (+106%), from €25,202 to €51,851
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €498,111 | €589,492 | +€91,381 | +18.3% |
| Fixed assets | 21/28 | €5,413 | €11,677 | +€6,264 | +116% |
| Tangible fixed assets | 22/27 | €5,413 | €11,677 | +€6,264 | +116% |
| Land and buildings | 22 | €2,781 | €2,781 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,824 | €1,824 | = | 0.0% |
| Furniture and vehicles | 24 | €808 | €7,072 | +€6,264 | +776% |
| Current assets | 29/58 | €492,699 | €577,815 | +€85,117 | +17.3% |
| Amounts receivable within one year | 40/41 | €211,736 | €283,123 | +€71,387 | +33.7% |
| Trade receivables | 40 | €81,736 | €68,123 | -€13,613 | -16.7% |
| Other amounts receivable | 41 | €130,000 | €215,000 | +€85,000 | +65.4% |
| Current investments | 50/53 | €150,001 | €150,001 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €125,875 | €141,847 | +€15,972 | +12.7% |
| Deferred charges and accrued income | 490/1 | €5,087 | €2,844 | -€2,242 | -44.1% |
| Total equity and liabilities | 10/49 | €498,111 | €589,492 | +€91,381 | +18.3% |
| Equity | 10/15 | €407,564 | €536,671 | +€129,107 | +31.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €395,164 | €524,271 | +€129,107 | +32.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €39,800 | +€21,050 | +112% |
| Distributable reserves | 133 | €374,414 | €482,471 | +€108,057 | +28.9% |
| Amounts payable | 17/49 | €90,547 | €52,821 | -€37,725 | -41.7% |
| Amounts payable within one year | 42/48 | €63,054 | €52,821 | -€10,233 | -16.2% |
| Trade debts | 44 | €14,208 | €24,717 | +€10,510 | +74.0% |
| Suppliers | 440/4 | €14,208 | €24,717 | +€10,510 | +74.0% |
| Taxes, remuneration and social security | 45 | €24,651 | €4,036 | -€20,615 | -83.6% |
| Taxes | 450/3 | €17,774 | €9 | -€17,766 | -100.0% |
| Remuneration and social security | 454/9 | €6,877 | €4,027 | -€2,849 | -41.4% |
| Other amounts payable | 47/48 | €24,195 | €24,068 | -€127 | -0.5% |
| Accrued charges and deferred income | 492/3 | €27,493 | - | -€27,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,792 | - | -€1,792 | |
| Other operating charges | 640/8 | €3,352 | €3,021 | -€332 | -9.9% |
| Gross operating margin | 9900 | €91,522 | €184,021 | +€92,499 | +101% |
| Operating profit (loss) | 9901 | €86,378 | €181,000 | +€94,622 | +110% |
| Financial income | 75/76B | €11 | €275 | +€264 | +2,350% |
| Recurring financial income | 75 | €11 | €275 | +€264 | +2,350% |
| Financial charges | 65/66B | €151 | €318 | +€167 | +111% |
| Recurring financial charges | 65 | €151 | €318 | +€167 | +111% |
| Profit (loss) for the period before taxes | 9903 | €86,239 | €180,957 | +€94,719 | +110% |
| Income taxes | 67/77 | €25,202 | €51,851 | +€26,649 | +106% |
| Profit (loss) for the period | 9904 | €61,036 | €129,107 | +€68,070 | +112% |
| Transfer to tax-exempt reserves | 689 | - | €21,050 | +€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,036 | €108,057 | +€47,020 | +77.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.