Jean 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.
Jean RAES
Largest movements
- Receivables within one year +€16,128
up €16,128 (+113%), from €14,254 to €30,382
of which Other amounts receivable: +€15,405
- Cash -€9,083
down €9,083 (-14.2%), from €63,828 to €54,745
mainly Receivables within one year (-€16,128) and Investment in fixed assets (net) (-€4,980)
- Tangible fixed assets +€2,320
up €2,320 (+49.3%), from €4,705 to €7,025
of which Plant, machinery and equipment: +€3,222
- Reserves +€6,770
up €6,770 (+13.9%), from €48,725 to €55,495
of which Distributable reserves: +€8,629
- Tax, wage and social debts +€2,615
up €2,615 (+24.3%), from €10,743 to €13,358
- Gross operating margin -€10,159
down €10,159 (-43.0%), from €23,616 to €13,457
- Taxes -€3,309
down €3,309 (-45.5%), from €7,267 to €3,958
- Depreciation +€1,134
up €1,134 (+74.3%), from €1,526 to €2,660
- Financial income +€681
up €681 (+6,807,400%), from €0 to €681
of which Financial income: +€681
- Other operating charges -€249
down €249 (-26.4%), from €942 to €693
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 | €86,389 | €96,564 | +€10,175 | +11.8% |
| Fixed assets | 21/28 | €4,742 | €7,062 | +€2,320 | +48.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €4,705 | €7,025 | +€2,320 | +49.3% |
| Plant, machinery and equipment | 23 | €1,661 | €4,884 | +€3,222 | +194% |
| Furniture and vehicles | 24 | €3,043 | €2,141 | -€902 | -29.7% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €81,647 | €89,502 | +€7,855 | +9.6% |
| Stocks and contracts in progress | 3 | €2,994 | €3,123 | +€129 | +4.3% |
| Stocks | 30/36 | €2,994 | €3,123 | +€129 | +4.3% |
| Amounts receivable within one year | 40/41 | €14,254 | €30,382 | +€16,128 | +113% |
| Trade receivables | 40 | €14,254 | €14,977 | +€723 | +5.1% |
| Other amounts receivable | 41 | - | €15,405 | +€15,405 | |
| Cash at bank and in hand | 54/58 | €63,828 | €54,745 | -€9,083 | -14.2% |
| Deferred charges and accrued income | 490/1 | €571 | €1,252 | +€681 | +119% |
| Total equity and liabilities | 10/49 | €86,389 | €96,564 | +€10,175 | +11.8% |
| Equity | 10/15 | €70,539 | €77,316 | +€6,776 | +9.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €48,725 | €55,495 | +€6,770 | +13.9% |
| Non-distributable reserves | 130/1 | €1,971 | €112 | -€1,859 | -94.3% |
| Reserves not available under the articles | 1311 | €1,971 | €112 | -€1,859 | -94.3% |
| Tax-exempt reserves | 132 | €17,854 | €17,854 | = | 0.0% |
| Distributable reserves | 133 | €28,900 | €37,529 | +€8,629 | +29.9% |
| Profit (loss) carried forward | 14 | €3,223 | €3,229 | +€6 | +0.2% |
| Amounts payable | 17/49 | €15,850 | €19,248 | +€3,399 | +21.4% |
| Amounts payable within one year | 42/48 | €15,850 | €19,248 | +€3,399 | +21.4% |
| Trade debts | 44 | €4,956 | €5,890 | +€935 | +18.9% |
| Suppliers | 440/4 | €4,956 | €5,890 | +€935 | +18.9% |
| Taxes, remuneration and social security | 45 | €10,743 | €13,358 | +€2,615 | +24.3% |
| Taxes | 450/3 | €10,743 | €13,358 | +€2,615 | +24.3% |
| Other amounts payable | 47/48 | €151 | - | -€151 | |
| Non-recurring operating income | 76A | €555 | €508 | -€48 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,526 | €2,660 | +€1,134 | +74.3% |
| Other operating charges | 640/8 | €942 | €693 | -€249 | -26.4% |
| Non-recurring operating charges | 66A | €323 | - | -€323 | |
| Gross operating margin | 9900 | €23,616 | €13,457 | -€10,159 | -43.0% |
| Operating profit (loss) | 9901 | €20,825 | €10,103 | -€10,721 | -51.5% |
| Financial income | 75/76B | €0 | €681 | +€681 | +6,807,400% |
| Recurring financial income | 75 | €0 | €681 | +€681 | +6,807,400% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €39 | €50 | +€11 | +27.0% |
| Recurring financial charges | 65 | €39 | €50 | +€11 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €20,785 | €10,734 | -€10,051 | -48.4% |
| Income taxes | 67/77 | €7,267 | €3,958 | -€3,309 | -45.5% |
| Profit (loss) for the period | 9904 | €13,519 | €6,776 | -€6,743 | -49.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | -€0 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,519 | €6,776 | -€6,743 | -49.9% |
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 21 October 2026 via checked.be.