RAE ANTWERP: 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.
RAE ANTWERP
Largest movements
- Stocks and contracts +€229,379
up €229,379 (+55.3%), from €414,483 to €643,862
- Receivables within one year +€60,314
up €60,314 (+9,261%), from €651 to €60,965
- Cash -€22,011
no longer reported in 2024 (was €22,011)
mainly Stocks and contracts (-€229,379) and Receivables within one year (-€60,314)
- Trade debts +€182,886
up €182,886 (+68.0%), from €268,976 to €451,863
- Tax, wage and social debts +€42,740
up €42,740 (+630%), from €6,785 to €49,525
of which Taxes: +€42,469
- Current portion of long-term debt +€25,000
up €25,000 (+101%), from €24,849 to €49,849
- Other debts +€8,982
up €8,982 (+11.1%), from €80,639 to €89,621
- Gross operating margin +€31,597
up €31,597, from -€7,635 to €23,962
- Staff costs +€8,404
new in 2024: €8,404
- Financial income +€2,697
up €2,697 (+200%), from €1,351 to €4,049
- Financial charges +€1,343
up €1,343 (+13.5%), from €9,951 to €11,293
- Depreciation +€942
up €942 (+282%), from €333 to €1,275
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
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 | €439,340 | €707,071 | +€267,731 | +60.9% |
| Formation expenses | 20 | - | €943 | +€943 | |
| Fixed assets | 21/28 | €2,195 | €1,301 | -€894 | -40.7% |
| Tangible fixed assets | 22/27 | €2,195 | €1,301 | -€894 | -40.7% |
| Furniture and vehicles | 24 | €2,195 | €1,301 | -€894 | -40.7% |
| Current assets | 29/58 | €437,145 | €704,827 | +€267,682 | +61.2% |
| Stocks and contracts in progress | 3 | €414,483 | €643,862 | +€229,379 | +55.3% |
| Stocks | 30/36 | €414,483 | €643,862 | +€229,379 | +55.3% |
| Amounts receivable within one year | 40/41 | €651 | €60,965 | +€60,314 | +9,261% |
| Trade receivables | 40 | €651 | €60,965 | +€60,314 | +9,261% |
| Cash at bank and in hand | 54/58 | €22,011 | - | -€22,011 | |
| Total equity and liabilities | 10/49 | €439,340 | €707,071 | +€267,731 | +60.9% |
| Equity | 10/15 | €58,091 | €63,873 | +€5,782 | +10.0% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €2,975 | €2,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,975 | €2,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,369 | €31,151 | +€5,782 | +22.8% |
| Amounts payable | 17/49 | €381,249 | €643,198 | +€261,948 | +68.7% |
| Amounts payable within one year | 42/48 | €381,249 | €643,198 | +€261,948 | +68.7% |
| Current portion of amounts payable after more than one year | 42 | €24,849 | €49,849 | +€25,000 | +101% |
| Financial debts | 43 | - | €2,339 | +€2,339 | |
| Credit institutions | 430/8 | - | €2,339 | +€2,339 | |
| Trade debts | 44 | €268,976 | €451,863 | +€182,886 | +68.0% |
| Suppliers | 440/4 | €268,976 | €451,863 | +€182,886 | +68.0% |
| Taxes, remuneration and social security | 45 | €6,785 | €49,525 | +€42,740 | +630% |
| Taxes | 450/3 | €6,785 | €49,254 | +€42,469 | +626% |
| Remuneration and social security | 454/9 | - | €271 | +€271 | |
| Other amounts payable | 47/48 | €80,639 | €89,621 | +€8,982 | +11.1% |
| Remuneration, social security and pensions | 62 | - | €8,404 | +€8,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €1,275 | +€942 | +282% |
| Other operating charges | 640/8 | €493 | €1,255 | +€762 | +154% |
| Gross operating margin | 9900 | -€7,635 | €23,962 | +€31,597 | |
| Operating profit (loss) | 9901 | -€8,462 | €13,027 | +€21,489 | |
| Financial income | 75/76B | €1,351 | €4,049 | +€2,697 | +200% |
| Recurring financial income | 75 | €1,351 | €4,049 | +€2,697 | +200% |
| Financial charges | 65/66B | €9,951 | €11,293 | +€1,343 | +13.5% |
| Recurring financial charges | 65 | €9,951 | €11,293 | +€1,343 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,061 | €5,782 | +€22,844 | |
| Profit (loss) for the period | 9904 | -€17,061 | €5,782 | +€22,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,061 | €5,782 | +€22,844 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.