RAAW: 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.
RAAW
Largest movements
- Stocks and contracts +€7,100
up €7,100 (+38.4%), from €18,500 to €25,600
- Tangible fixed assets +€6,967
new in 2024: €6,967
- Cash +€1,687
up €1,687 (+46.9%), from €3,594 to €5,281
mainly Contributions, distributions and other (+€71,525) and Tax, wage and social debts (+€19,545)
- Receivables within one year -€1,190
down €1,190 (-39.8%), from €2,991 to €1,801
- Profit (loss) carried forward -€21,479
down €21,479, from €2,313 to -€19,166
- Tax, wage and social debts +€19,545
up €19,545 (+136.8%), from €14,286 to €33,831
of which Remuneration and social security: +€11,575
- Contributions +€11,000
up €11,000 (+733.3%), from €1,500 to €12,500
- Trade debts +€9,167
up €9,167 (+276.4%), from €3,317 to €12,484
- Other debts -€3,669
no longer reported in 2024 (was €3,669)
- Staff costs +€70,722
up €70,722 (+274.7%), from €25,749 to €96,471
- Gross operating margin -€7,883
down €7,883 (-27.4%), from €28,817 to €20,934
- Financial charges +€3,731
up €3,731 (+494.2%), from €755 to €4,485
- Other operating charges +€841
new in 2024: €841
- Taxes +€609
new in 2024: €609
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 | €25,085 | €39,650 | +€14,564 | +58.1% |
| Fixed assets | 21/28 | - | €6,967 | +€6,967 | |
| Tangible fixed assets | 22/27 | - | €6,967 | +€6,967 | |
| Furniture and vehicles | 24 | - | €6,967 | +€6,967 | |
| Current assets | 29/58 | €25,085 | €32,682 | +€7,597 | +30.3% |
| Stocks and contracts in progress | 3 | €18,500 | €25,600 | +€7,100 | +38.4% |
| Stocks | 30/36 | €18,500 | €25,600 | +€7,100 | +38.4% |
| Amounts receivable within one year | 40/41 | €2,991 | €1,801 | -€1,190 | -39.8% |
| Other amounts receivable | 41 | €2,991 | €1,801 | -€1,190 | -39.8% |
| Cash at bank and in hand | 54/58 | €3,594 | €5,281 | +€1,687 | +46.9% |
| Total equity and liabilities | 10/49 | €25,085 | €39,650 | +€14,564 | +58.1% |
| Equity | 10/15 | €3,813 | -€6,666 | -€10,479 | |
| Contributions | 10/11 | €1,500 | €12,500 | +€11,000 | +733.3% |
| Outside capital | 11 | €1,500 | €12,500 | +€11,000 | +733.3% |
| Other | 1109/19 | €1,500 | €12,500 | +€11,000 | +733.3% |
| Profit (loss) carried forward | 14 | €2,313 | -€19,166 | -€21,479 | |
| Amounts payable | 17/49 | €21,272 | €46,315 | +€25,044 | +117.7% |
| Amounts payable within one year | 42/48 | €21,272 | €46,315 | +€25,044 | +117.7% |
| Trade debts | 44 | €3,317 | €12,484 | +€9,167 | +276.4% |
| Suppliers | 440/4 | €3,317 | €12,484 | +€9,167 | +276.4% |
| Taxes, remuneration and social security | 45 | €14,286 | €33,831 | +€19,545 | +136.8% |
| Taxes | 450/3 | €435 | €8,405 | +€7,970 | +1831.6% |
| Remuneration and social security | 454/9 | €13,851 | €25,426 | +€11,575 | +83.6% |
| Other amounts payable | 47/48 | €3,669 | - | -€3,669 | |
| Remuneration, social security and pensions | 62 | €25,749 | €96,471 | +€70,722 | +274.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €533 | +€533 | |
| Other operating charges | 640/8 | - | €841 | +€841 | |
| Gross operating margin | 9900 | €28,817 | €20,934 | -€7,883 | -27.4% |
| Operating profit (loss) | 9901 | €3,068 | -€76,910 | -€79,979 | |
| Financial charges | 65/66B | €755 | €4,485 | +€3,731 | +494.2% |
| Recurring financial charges | 65 | €755 | €4,485 | +€3,731 | +494.2% |
| Profit (loss) for the period before taxes | 9903 | €2,313 | -€81,396 | -€83,709 | |
| Income taxes | 67/77 | - | €609 | +€609 | |
| Profit (loss) for the period | 9904 | €2,313 | -€82,004 | -€84,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,313 | -€82,004 | -€84,318 |
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 29 September 2026 via checked.be.