DE RAES: 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 RAES
Largest movements
- Deferred charges and accrued income -€30,136
no longer reported in 2024 (was €30,136)
- Tangible fixed assets -€19,623
down €19,623 (-36.7%), from €53,510 to €33,887
of which Furniture and vehicles: -€10,153
- Receivables within one year +€14,935
up €14,935 (+17.7%), from €84,166 to €99,102
of which Trade receivables: +€11,893
- Profit (loss) carried forward -€18,668
down €18,668 (-15.6%), from €119,368 to €100,700
- Trade debts -€16,244
down €16,244 (-59.1%), from €27,465 to €11,220
- Other debts -€1,899
no longer reported in 2024 (was €1,899)
- Gross operating margin +€22,235
up €22,235, from -€18,805 to €3,431
- Other operating charges +€1,254
up €1,254 (+132%), from €946 to €2,200
- Financial charges -€293
down €293 (-83.7%), from €349 to €57
- Depreciation -€246
down €246 (-1.2%), from €19,869 to €19,623
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,942 | €137,634 | -€35,308 | -20.4% |
| Fixed assets | 21/28 | €53,510 | €33,887 | -€19,623 | -36.7% |
| Tangible fixed assets | 22/27 | €53,510 | €33,887 | -€19,623 | -36.7% |
| Furniture and vehicles | 24 | €12,814 | €2,661 | -€10,153 | -79.2% |
| Leasing and similar rights | 25 | €36,294 | €29,035 | -€7,259 | -20.0% |
| Other tangible fixed assets | 26 | €4,402 | €2,191 | -€2,211 | -50.2% |
| Current assets | 29/58 | €119,432 | €103,747 | -€15,685 | -13.1% |
| Amounts receivable within one year | 40/41 | €84,166 | €99,102 | +€14,935 | +17.7% |
| Trade receivables | 40 | €43,393 | €55,286 | +€11,893 | +27.4% |
| Other amounts receivable | 41 | €40,773 | €43,816 | +€3,043 | +7.5% |
| Cash at bank and in hand | 54/58 | €5,130 | €4,646 | -€484 | -9.4% |
| Deferred charges and accrued income | 490/1 | €30,136 | - | -€30,136 | |
| Total equity and liabilities | 10/49 | €172,942 | €137,634 | -€35,308 | -20.4% |
| Equity | 10/15 | €139,828 | €121,160 | -€18,668 | -13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,368 | €100,700 | -€18,668 | -15.6% |
| Amounts payable | 17/49 | €33,114 | €16,474 | -€16,640 | -50.3% |
| Amounts payable within one year | 42/48 | €33,114 | €16,474 | -€16,640 | -50.3% |
| Trade debts | 44 | €27,465 | €11,220 | -€16,244 | -59.1% |
| Suppliers | 440/4 | €27,465 | €11,220 | -€16,244 | -59.1% |
| Taxes, remuneration and social security | 45 | €3,750 | €5,254 | +€1,504 | +40.1% |
| Taxes | 450/3 | €626 | €5,254 | +€4,627 | +739% |
| Remuneration and social security | 454/9 | €3,124 | - | -€3,124 | |
| Other amounts payable | 47/48 | €1,899 | - | -€1,899 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,869 | €19,623 | -€246 | -1.2% |
| Other operating charges | 640/8 | €946 | €2,200 | +€1,254 | +132% |
| Gross operating margin | 9900 | -€18,805 | €3,431 | +€22,235 | |
| Operating profit (loss) | 9901 | -€39,620 | -€18,392 | +€21,228 | +53.6% |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €349 | €57 | -€293 | -83.7% |
| Recurring financial charges | 65 | €349 | €57 | -€293 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | -€39,969 | -€18,394 | +€21,575 | +54.0% |
| Income taxes | 67/77 | €265 | €274 | +€8 | +3.2% |
| Profit (loss) for the period | 9904 | -€40,235 | -€18,668 | +€21,567 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,235 | -€18,668 | +€21,567 | +53.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.