R.BAX: 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.BAX
Largest movements
- Stocks and contracts -€46,515
down €46,515 (-86.6%), from €53,724 to €7,210
- Cash -€31,682
no longer reported in 2023 (was €31,682)
mainly Net result for the year (-€63,659) and Trade debts (-€41,167)
- Receivables within one year +€13,614
up €13,614 (+101%), from €13,485 to €27,098
of which Trade receivables: +€19,021
- Tangible fixed assets -€6,719
down €6,719 (-6.2%), from €108,924 to €102,205
of which Land and buildings: -€4,313
- Profit (loss) carried forward -€63,659
down €63,659 (-188%), from -€33,896 to -€97,555
- Trade debts -€41,167
down €41,167 (-67.7%), from €60,788 to €19,621
- Tax, wage and social debts +€20,830
up €20,830 (+2,314%), from €900 to €21,730
of which Remuneration and social security: +€21,205
- Short-term financial debts +€14,551
new in 2023: €14,551
- Debts after one year -€7,148
down €7,148 (-6.6%), from €108,218 to €101,071
- Gross operating margin -€36,012
down €36,012 (-226%), from -€15,952 to -€51,964
- Other operating charges -€3,247
down €3,247 (-87.3%), from €3,718 to €470
- Depreciation -€1,419
down €1,419 (-17.4%), from €8,138 to €6,719
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 | €209,387 | €138,093 | -€71,294 | -34.0% |
| Fixed assets | 21/28 | €109,424 | €102,705 | -€6,719 | -6.1% |
| Tangible fixed assets | 22/27 | €108,924 | €102,205 | -€6,719 | -6.2% |
| Land and buildings | 22 | €104,151 | €99,838 | -€4,313 | -4.1% |
| Plant, machinery and equipment | 23 | €911 | €227 | -€684 | -75.1% |
| Furniture and vehicles | 24 | €3,862 | €2,140 | -€1,722 | -44.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €99,963 | €35,388 | -€64,575 | -64.6% |
| Stocks and contracts in progress | 3 | €53,724 | €7,210 | -€46,515 | -86.6% |
| Stocks | 30/36 | €53,724 | €7,210 | -€46,515 | -86.6% |
| Amounts receivable within one year | 40/41 | €13,485 | €27,098 | +€13,614 | +101% |
| Trade receivables | 40 | €5,668 | €24,689 | +€19,021 | +336% |
| Other amounts receivable | 41 | €7,817 | €2,409 | -€5,408 | -69.2% |
| Cash at bank and in hand | 54/58 | €31,682 | - | -€31,682 | |
| Deferred charges and accrued income | 490/1 | €1,072 | €1,080 | +€8 | +0.7% |
| Total equity and liabilities | 10/49 | €209,387 | €138,093 | -€71,294 | -34.0% |
| Equity | 10/15 | €20,853 | -€42,807 | -€63,659 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,549 | €48,549 | = | 0.0% |
| Distributable reserves | 133 | €48,549 | €48,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,896 | -€97,555 | -€63,659 | -188% |
| Amounts payable | 17/49 | €188,535 | €180,900 | -€7,635 | -4.0% |
| Amounts payable after more than one year | 17 | €108,218 | €101,071 | -€7,148 | -6.6% |
| Financial debts | 170/4 | €108,218 | €101,071 | -€7,148 | -6.6% |
| Amounts payable within one year | 42/48 | €80,317 | €79,830 | -€487 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €6,989 | €7,148 | +€159 | +2.3% |
| Financial debts | 43 | - | €14,551 | +€14,551 | |
| Credit institutions | 430/8 | - | €14,551 | +€14,551 | |
| Trade debts | 44 | €60,788 | €19,621 | -€41,167 | -67.7% |
| Suppliers | 440/4 | €60,788 | €19,621 | -€41,167 | -67.7% |
| Taxes, remuneration and social security | 45 | €900 | €21,730 | +€20,830 | +2,314% |
| Taxes | 450/3 | €900 | €525 | -€375 | -41.7% |
| Remuneration and social security | 454/9 | - | €21,205 | +€21,205 | |
| Other amounts payable | 47/48 | €11,640 | €16,780 | +€5,141 | +44.2% |
| Remuneration, social security and pensions | 62 | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,138 | €6,719 | -€1,419 | -17.4% |
| Other operating charges | 640/8 | €3,718 | €470 | -€3,247 | -87.3% |
| Gross operating margin | 9900 | -€15,952 | -€51,964 | -€36,012 | -226% |
| Operating profit (loss) | 9901 | -€27,808 | -€59,195 | -€31,387 | -113% |
| Financial income | 75/76B | €27 | €133 | +€106 | +384% |
| Recurring financial income | 75 | €27 | €133 | +€106 | +384% |
| Financial charges | 65/66B | €4,575 | €4,597 | +€23 | +0.5% |
| Recurring financial charges | 65 | €4,575 | €4,597 | +€23 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,355 | -€63,659 | -€31,304 | -96.8% |
| Profit (loss) for the period | 9904 | -€32,355 | -€63,659 | -€31,304 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,355 | -€63,659 | -€31,304 | -96.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.