RAAMS: 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.
RAAMS
Largest movements
- Stocks and contracts +€80,500
up €80,500 (+629%), from €12,801 to €93,301
- Tangible fixed assets +€27,235
up €27,235 (+454%), from €6,000 to €33,235
of which Furniture and vehicles: +€24,902
- Receivables within one year -€8,683
down €8,683 (-14.6%), from €59,512 to €50,828
of which Trade receivables: -€36,994
- Trade debts +€36,069
up €36,069 (+132%), from €27,374 to €63,444
- Advances received +€27,496
new in 2024: €27,496
- Debts after one year +€17,500
new in 2024: €17,500
- Profit (loss) carried forward +€11,374
up €11,374 (+43.3%), from €26,271 to €37,645
- Current portion of long-term debt +€7,500
new in 2024: €7,500
- Gross operating margin +€75,627
up €75,627 (+347%), from €21,815 to €97,442
- Staff costs +€53,584
new in 2024: €53,584
- Depreciation +€6,493
up €6,493 (+191%), from €3,399 to €9,892
- Financial charges +€1,568
up €1,568 (+260%), from €603 to €2,171
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,843 | €178,089 | +€99,246 | +126% |
| Fixed assets | 21/28 | €6,530 | €33,959 | +€27,429 | +420% |
| Tangible fixed assets | 22/27 | €6,000 | €33,235 | +€27,235 | +454% |
| Plant, machinery and equipment | 23 | €6,000 | €8,333 | +€2,333 | +38.9% |
| Furniture and vehicles | 24 | - | €24,902 | +€24,902 | |
| Financial fixed assets | 28 | €530 | €725 | +€195 | +36.7% |
| Current assets | 29/58 | €72,313 | €144,129 | +€71,817 | +99.3% |
| Stocks and contracts in progress | 3 | €12,801 | €93,301 | +€80,500 | +629% |
| Stocks | 30/36 | €12,801 | €93,301 | +€80,500 | +629% |
| Amounts receivable within one year | 40/41 | €59,512 | €50,828 | -€8,683 | -14.6% |
| Trade receivables | 40 | €53,449 | €16,455 | -€36,994 | -69.2% |
| Other amounts receivable | 41 | €6,062 | €34,373 | +€28,311 | +467% |
| Total equity and liabilities | 10/49 | €78,843 | €178,089 | +€99,246 | +126% |
| Equity | 10/15 | €44,871 | €56,245 | +€11,374 | +25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,271 | €37,645 | +€11,374 | +43.3% |
| Amounts payable | 17/49 | €33,972 | €121,844 | +€87,872 | +259% |
| Amounts payable after more than one year | 17 | - | €17,500 | +€17,500 | |
| Financial debts | 170/4 | - | €17,500 | +€17,500 | |
| Amounts payable within one year | 42/48 | €33,972 | €104,344 | +€70,372 | +207% |
| Current portion of amounts payable after more than one year | 42 | - | €7,500 | +€7,500 | |
| Financial debts | 43 | €2,696 | €1,006 | -€1,690 | -62.7% |
| Credit institutions | 430/8 | €2,696 | €1,006 | -€1,690 | -62.7% |
| Trade debts | 44 | €27,374 | €63,444 | +€36,069 | +132% |
| Suppliers | 440/4 | €27,374 | €63,444 | +€36,069 | +132% |
| Advances received on contracts in progress | 46 | - | €27,496 | +€27,496 | |
| Taxes, remuneration and social security | 45 | €3,901 | €4,898 | +€996 | +25.5% |
| Taxes | 450/3 | €3,901 | €4,352 | +€450 | +11.5% |
| Remuneration and social security | 454/9 | - | €546 | +€546 | |
| Remuneration, social security and pensions | 62 | - | €53,584 | +€53,584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,399 | €9,892 | +€6,493 | +191% |
| Other operating charges | 640/8 | €2,772 | €1,849 | -€923 | -33.3% |
| Non-recurring operating charges | 66A | - | €16,358 | +€16,358 | |
| Gross operating margin | 9900 | €21,815 | €97,442 | +€75,627 | +347% |
| Operating profit (loss) | 9901 | €15,644 | €15,758 | +€115 | +0.7% |
| Financial income | 75/76B | €293 | €907 | +€614 | +209% |
| Recurring financial income | 75 | €293 | €907 | +€614 | +209% |
| Financial charges | 65/66B | €603 | €2,171 | +€1,568 | +260% |
| Recurring financial charges | 65 | €603 | €2,171 | +€1,568 | +260% |
| Profit (loss) for the period before taxes | 9903 | €15,334 | €14,494 | -€840 | -5.5% |
| Income taxes | 67/77 | €3,207 | €3,120 | -€86 | -2.7% |
| Profit (loss) for the period | 9904 | €12,127 | €11,374 | -€754 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,127 | €11,374 | -€754 | -6.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 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.