GROUP RAYCO: what changed
Two fiscal 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.
GROUP RAYCO
Largest movements
- Cash +€125,895
up €125,895 (+2385.7%), from €5,277 to €131,172
mainly Net result for the year (+€177,005) and Advances received (+€52,836)
- Receivables within one year +€68,946
up €68,946 (+192.9%), from €35,738 to €104,684
of which Other amounts receivable: +€42,581
- Tangible fixed assets +€48,579
up €48,579 (+73.7%), from €65,882 to €114,461
of which Plant, machinery and equipment: +€41,841
- Stocks and contracts -€8,969
down €8,969 (-21.4%), from €42,000 to €33,031
- Profit (loss) carried forward +€177,005
up €177,005, from -€18,980 to €158,025
- Advances received +€52,836
up €52,836 (+262.5%), from €20,128 to €72,964
- Other debts -€46,128
down €46,128 (-57.2%), from €80,701 to €34,572
- Trade debts +€30,453
up €30,453 (+42.4%), from €71,897 to €102,350
- Tax, wage and social debts +€22,633
up €22,633 (+155.0%), from €14,600 to €37,233
of which Taxes: +€19,633
- Gross operating margin +€289,399
up €289,399, from -€56,770 to €232,628
- Taxes +€35,954
up €35,954, from -€3,221 to €32,733
- Depreciation +€10,902
up €10,902 (+145.5%), from €7,493 to €18,394
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.
Cash bridge derived
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 | €168,346 | €405,145 | +€236,799 | +140.7% |
| Fixed assets | 21/28 | €65,882 | €114,461 | +€48,579 | +73.7% |
| Tangible fixed assets | 22/27 | €65,882 | €114,461 | +€48,579 | +73.7% |
| Plant, machinery and equipment | 23 | €58,444 | €100,285 | +€41,841 | +71.6% |
| Furniture and vehicles | 24 | €7,438 | €14,176 | +€6,738 | +90.6% |
| Current assets | 29/58 | €102,464 | €290,684 | +€188,220 | +183.7% |
| Stocks and contracts in progress | 3 | €42,000 | €33,031 | -€8,969 | -21.4% |
| Stocks | 30/36 | €42,000 | €33,031 | -€8,969 | -21.4% |
| Amounts receivable within one year | 40/41 | €35,738 | €104,684 | +€68,946 | +192.9% |
| Trade receivables | 40 | €23,606 | €49,970 | +€26,364 | +111.7% |
| Other amounts receivable | 41 | €12,133 | €54,714 | +€42,581 | +351.0% |
| Cash at bank and in hand | 54/58 | €5,277 | €131,172 | +€125,895 | +2385.7% |
| Deferred charges and accrued income | 490/1 | €19,449 | €21,797 | +€2,349 | +12.1% |
| Total equity and liabilities | 10/49 | €168,346 | €405,145 | +€236,799 | +140.7% |
| Equity | 10/15 | -€18,980 | €158,025 | +€177,005 | |
| Profit (loss) carried forward | 14 | -€18,980 | €158,025 | +€177,005 | |
| Amounts payable | 17/49 | €187,326 | €247,119 | +€59,794 | +31.9% |
| Amounts payable within one year | 42/48 | €187,326 | €247,119 | +€59,794 | +31.9% |
| Trade debts | 44 | €71,897 | €102,350 | +€30,453 | +42.4% |
| Suppliers | 440/4 | €71,897 | €102,350 | +€30,453 | +42.4% |
| Advances received on contracts in progress | 46 | €20,128 | €72,964 | +€52,836 | +262.5% |
| Taxes, remuneration and social security | 45 | €14,600 | €37,233 | +€22,633 | +155.0% |
| Taxes | 450/3 | €13,100 | €32,733 | +€19,633 | +149.9% |
| Remuneration and social security | 454/9 | €1,500 | €4,500 | +€3,000 | +200.0% |
| Other amounts payable | 47/48 | €80,701 | €34,572 | -€46,128 | -57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,493 | €18,394 | +€10,902 | +145.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,352 | - | -€1,352 | |
| Other operating charges | 640/8 | €1,008 | €2,053 | +€1,045 | +103.7% |
| Non-recurring operating charges | 66A | €1,503 | - | -€1,503 | |
| Gross operating margin | 9900 | -€56,770 | €232,628 | +€289,399 | |
| Operating profit (loss) | 9901 | -€68,126 | €212,181 | +€280,307 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,908 | €2,443 | -€465 | -16.0% |
| Recurring financial charges | 65 | €2,908 | €2,443 | -€465 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€71,034 | €209,738 | +€280,772 | |
| Income taxes | 67/77 | -€3,221 | €32,733 | +€35,954 | |
| Profit (loss) for the period | 9904 | -€67,813 | €177,005 | +€244,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,813 | €177,005 | +€244,818 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.