RACHMAN: 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.
RACHMAN
Largest movements
- Receivables within one year +€29,908
up €29,908 (+208.3%), from €14,360 to €44,268
of which Trade receivables: +€31,580
- Cash -€20,143
down €20,143 (-69.0%), from €29,187 to €9,044
mainly Receivables within one year (-€29,908) and Net result for the year (-€16,310)
- Tangible fixed assets -€5,004
down €5,004 (-30.6%), from €16,362 to €11,358
of which Furniture and vehicles: -€8,666
- Deferred charges and accrued income +€770
new in 2024: €770
- Trade debts +€26,258
up €26,258 (+1569.8%), from €1,673 to €27,931
- Profit (loss) carried forward -€16,310
new in 2024: -€16,310
- Debts after one year -€3,822
down €3,822 (-21.1%), from €18,076 to €14,254
- Current portion of long-term debt -€2,358
down €2,358 (-38.1%), from €6,180 to €3,822
- Other debts +€983
up €983 (+186.1%), from €528 to €1,511
- Gross operating margin -€33,616
down €33,616 (-45.1%), from €74,531 to €40,915
- Other operating charges -€4,209
down €4,209 (-64.3%), from €6,544 to €2,335
- Depreciation +€3,995
up €3,995 (+54.7%), from €7,301 to €11,296
- Staff costs +€1,532
up €1,532 (+3.8%), from €40,408 to €41,940
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 | €63,159 | €68,690 | +€5,531 | +8.8% |
| Fixed assets | 21/28 | €19,612 | €14,608 | -€5,004 | -25.5% |
| Tangible fixed assets | 22/27 | €16,362 | €11,358 | -€5,004 | -30.6% |
| Plant, machinery and equipment | 23 | €2,805 | €6,466 | +€3,661 | +130.5% |
| Furniture and vehicles | 24 | €13,558 | €4,892 | -€8,666 | -63.9% |
| Financial fixed assets | 28 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €43,547 | €54,082 | +€10,535 | +24.2% |
| Amounts receivable within one year | 40/41 | €14,360 | €44,268 | +€29,908 | +208.3% |
| Trade receivables | 40 | €10,300 | €41,880 | +€31,580 | +306.6% |
| Other amounts receivable | 41 | €4,060 | €2,387 | -€1,672 | -41.2% |
| Cash at bank and in hand | 54/58 | €29,187 | €9,044 | -€20,143 | -69.0% |
| Deferred charges and accrued income | 490/1 | - | €770 | +€770 | |
| Total equity and liabilities | 10/49 | €63,159 | €68,690 | +€5,531 | +8.8% |
| Equity | 10/15 | €6,177 | -€10,133 | -€16,310 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €5,677 | €5,677 | = | 0.0% |
| Distributable reserves | 133 | €5,677 | €5,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,310 | -€16,310 | |
| Amounts payable | 17/49 | €56,982 | €78,823 | +€21,841 | +38.3% |
| Amounts payable after more than one year | 17 | €18,076 | €14,254 | -€3,822 | -21.1% |
| Financial debts | 170/4 | €18,076 | €14,254 | -€3,822 | -21.1% |
| Amounts payable within one year | 42/48 | €38,906 | €64,569 | +€25,663 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | €6,180 | €3,822 | -€2,358 | -38.1% |
| Trade debts | 44 | €1,673 | €27,931 | +€26,258 | +1569.8% |
| Suppliers | 440/4 | €1,673 | €27,931 | +€26,258 | +1569.8% |
| Advances received on contracts in progress | 46 | €999 | €999 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €29,526 | €30,306 | +€780 | +2.6% |
| Taxes | 450/3 | €4,392 | €8,770 | +€4,379 | +99.7% |
| Remuneration and social security | 454/9 | €25,135 | €21,536 | -€3,599 | -14.3% |
| Other amounts payable | 47/48 | €528 | €1,511 | +€983 | +186.1% |
| Remuneration, social security and pensions | 62 | €40,408 | €41,940 | +€1,532 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,301 | €11,296 | +€3,995 | +54.7% |
| Other operating charges | 640/8 | €6,544 | €2,335 | -€4,209 | -64.3% |
| Gross operating margin | 9900 | €74,531 | €40,915 | -€33,616 | -45.1% |
| Operating profit (loss) | 9901 | €20,278 | -€14,656 | -€34,934 | |
| Financial income | 75/76B | €157 | €177 | +€20 | +12.4% |
| Recurring financial income | 75 | €157 | €177 | +€20 | +12.4% |
| Financial charges | 65/66B | €2,197 | €1,831 | -€367 | -16.7% |
| Recurring financial charges | 65 | €2,197 | €1,831 | -€367 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €18,238 | -€16,310 | -€34,548 | |
| Profit (loss) for the period | 9904 | €18,238 | -€16,310 | -€34,548 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,238 | -€16,310 | -€34,548 |
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 1 October 2026 via checked.be.