Racine Pakt: what changed
Racine Pakt
Largest movements
- Cash -€10,792
down €10,792 (-67.1%), from €16,088 to €5,296
mainly Tax, wage and social debts (-€23,156) and Other debts (-€17,564)
- Stocks and contracts -€9,318
down €9,318 (-77.3%), from €12,056 to €2,739
- Receivables after one year +€8,811
up €8,811 (+31.7%), from €27,788 to €36,599
- Receivables within one year +€2,425
up €2,425 (+207%), from €1,171 to €3,596
of which Trade receivables: +€2,512
- Tax, wage and social debts -€23,156
down €23,156 (-84.3%), from €27,465 to €4,309
of which Taxes: -€11,982
- Other debts -€17,564
down €17,564 (-59.7%), from €29,429 to €11,865
- Profit (loss) carried forward +€15,965
up €15,965, from -€10,038 to €5,927
- Trade debts +€15,459
up €15,459 (+146%), from €10,612 to €26,071
- Staff costs -€37,427
down €37,427 (-51.4%), from €72,781 to €35,354
- Gross operating margin -€31,377
down €31,377 (-33.7%), from €93,237 to €61,860
- Other operating charges +€5,439
up €5,439 (+500%), from €1,088 to €6,527
- Financial income -€1,505
down €1,505 (-99.9%), from €1,506 to €2
of which Non-recurring financial income: -€1,500
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,667 | €54,372 | -€9,296 | -14.6% |
| Fixed assets | 21/28 | €6,564 | €6,142 | -€422 | -6.4% |
| Tangible fixed assets | 22/27 | €6,564 | €6,142 | -€422 | -6.4% |
| Plant, machinery and equipment | 23 | €6,564 | €4,238 | -€2,326 | -35.4% |
| Furniture and vehicles | 24 | - | €1,904 | +€1,904 | |
| Current assets | 29/58 | €57,104 | €48,230 | -€8,874 | -15.5% |
| Amounts receivable after more than one year | 29 | €27,788 | €36,599 | +€8,811 | +31.7% |
| Other amounts receivable | 291 | €27,788 | €36,599 | +€8,811 | +31.7% |
| Stocks and contracts in progress | 3 | €12,056 | €2,739 | -€9,318 | -77.3% |
| Stocks | 30/36 | €12,056 | €2,739 | -€9,318 | -77.3% |
| Amounts receivable within one year | 40/41 | €1,171 | €3,596 | +€2,425 | +207% |
| Trade receivables | 40 | €895 | €3,407 | +€2,512 | +281% |
| Other amounts receivable | 41 | €276 | €189 | -€87 | -31.5% |
| Cash at bank and in hand | 54/58 | €16,088 | €5,296 | -€10,792 | -67.1% |
| Total equity and liabilities | 10/49 | €63,667 | €54,372 | -€9,296 | -14.6% |
| Equity | 10/15 | -€3,838 | €12,127 | +€15,965 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,038 | €5,927 | +€15,965 | |
| Amounts payable | 17/49 | €67,506 | €42,244 | -€25,261 | -37.4% |
| Amounts payable within one year | 42/48 | €67,506 | €42,244 | -€25,261 | -37.4% |
| Trade debts | 44 | €10,612 | €26,071 | +€15,459 | +146% |
| Suppliers | 440/4 | €10,612 | €26,071 | +€15,459 | +146% |
| Taxes, remuneration and social security | 45 | €27,465 | €4,309 | -€23,156 | -84.3% |
| Taxes | 450/3 | €14,520 | €2,538 | -€11,982 | -82.5% |
| Remuneration and social security | 454/9 | €12,945 | €1,771 | -€11,174 | -86.3% |
| Other amounts payable | 47/48 | €29,429 | €11,865 | -€17,564 | -59.7% |
| Non-recurring operating income | 76A | €2,066 | - | -€2,066 | |
| Remuneration, social security and pensions | 62 | €72,781 | €35,354 | -€37,427 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,326 | €2,786 | +€460 | +19.8% |
| Other operating charges | 640/8 | €1,088 | €6,527 | +€5,439 | +500% |
| Gross operating margin | 9900 | €93,237 | €61,860 | -€31,377 | -33.7% |
| Operating profit (loss) | 9901 | €17,041 | €17,193 | +€152 | +0.9% |
| Financial income | 75/76B | €1,506 | €2 | -€1,505 | -99.9% |
| Recurring financial income | 75 | €6 | €2 | -€5 | -73.0% |
| Non-recurring financial income | 76B | €1,500 | - | -€1,500 | |
| Financial charges | 65/66B | €1,976 | €1,229 | -€747 | -37.8% |
| Recurring financial charges | 65 | €1,976 | €1,229 | -€747 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €16,572 | €15,965 | -€606 | -3.7% |
| Profit (loss) for the period | 9904 | €16,572 | €15,965 | -€606 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,572 | €15,965 | -€606 | -3.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.