R.A.S.: 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.
R.A.S.
Largest movements
- Receivables within one year -€16,483
down €16,483 (-10.0%), from €165,600 to €149,117
of which Trade receivables: -€16,903
- Tangible fixed assets -€9,999
down €9,999 (-47.5%), from €21,029 to €11,030
of which Furniture and vehicles: -€9,759
- Short-term financial debts -€18,681
no longer reported in 2024 (was €18,681)
- Trade debts -€10,704
down €10,704 (-28.8%), from €37,143 to €26,440
- Reserves +€8,256
up €8,256 (+6.6%), from €125,575 to €133,831
of which Distributable reserves: +€8,256
- Tax, wage and social debts -€4,253
down €4,253 (-38.0%), from €11,205 to €6,952
- Gross operating margin -€4,113
down €4,113 (-13.2%), from €31,114 to €27,002
- Depreciation -€1,455
down €1,455 (-12.7%), from €11,454 to €9,999
- Other operating charges +€1,154
up €1,154 (+64.1%), from €1,801 to €2,955
- Taxes -€1,028
down €1,028 (-25.5%), from €4,028 to €3,000
- Financial charges -€628
down €628 (-59.9%), from €1,049 to €421
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 | €199,004 | €173,623 | -€25,381 | -12.8% |
| Fixed assets | 21/28 | €23,529 | €13,530 | -€9,999 | -42.5% |
| Tangible fixed assets | 22/27 | €21,029 | €11,030 | -€9,999 | -47.5% |
| Plant, machinery and equipment | 23 | €1,271 | €1,271 | = | 0.0% |
| Furniture and vehicles | 24 | €19,518 | €9,759 | -€9,759 | -50.0% |
| Other tangible fixed assets | 26 | €240 | - | -€240 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €175,475 | €160,093 | -€15,382 | -8.8% |
| Stocks and contracts in progress | 3 | €9,875 | €9,875 | = | 0.0% |
| Stocks | 30/36 | €9,875 | €9,875 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €165,600 | €149,117 | -€16,483 | -10.0% |
| Trade receivables | 40 | €56,515 | €39,613 | -€16,903 | -29.9% |
| Other amounts receivable | 41 | €109,084 | €109,504 | +€420 | +0.4% |
| Cash at bank and in hand | 54/58 | - | €1,101 | +€1,101 | |
| Total equity and liabilities | 10/49 | €199,004 | €173,623 | -€25,381 | -12.8% |
| Equity | 10/15 | €131,975 | €140,231 | +€8,256 | +6.3% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €125,575 | €133,831 | +€8,256 | +6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €123,715 | €131,971 | +€8,256 | +6.7% |
| Amounts payable | 17/49 | €67,029 | €33,392 | -€33,637 | -50.2% |
| Amounts payable within one year | 42/48 | €67,029 | €33,392 | -€33,637 | -50.2% |
| Financial debts | 43 | €18,681 | - | -€18,681 | |
| Credit institutions | 430/8 | €18,681 | - | -€18,681 | |
| Trade debts | 44 | €37,143 | €26,440 | -€10,704 | -28.8% |
| Suppliers | 440/4 | €37,143 | €26,440 | -€10,704 | -28.8% |
| Taxes, remuneration and social security | 45 | €11,205 | €6,952 | -€4,253 | -38.0% |
| Taxes | 450/3 | €11,205 | €6,952 | -€4,253 | -38.0% |
| Remuneration, social security and pensions | 62 | €2,041 | €2,371 | +€330 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,454 | €9,999 | -€1,455 | -12.7% |
| Other operating charges | 640/8 | €1,801 | €2,955 | +€1,154 | +64.1% |
| Gross operating margin | 9900 | €31,114 | €27,002 | -€4,113 | -13.2% |
| Operating profit (loss) | 9901 | €15,819 | €11,677 | -€4,142 | -26.2% |
| Financial charges | 65/66B | €1,049 | €421 | -€628 | -59.9% |
| Recurring financial charges | 65 | €1,049 | €421 | -€628 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €14,769 | €11,256 | -€3,513 | -23.8% |
| Income taxes | 67/77 | €4,028 | €3,000 | -€1,028 | -25.5% |
| Profit (loss) for the period | 9904 | €10,741 | €8,256 | -€2,485 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,741 | €8,256 | -€2,485 | -23.1% |
Source: filed annual accounts (NBB), financial years ended 30 December 2023 and 30 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.