RAEF COMPANY: 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.
RAEF COMPANY
Largest movements
- Stocks and contracts +€35,800
up €35,800 (+179%), from €20,000 to €55,800
- Receivables within one year -€4,774
down €4,774 (-50.9%), from €9,373 to €4,598
- Tangible fixed assets -€2,732
down €2,732 (-16.2%), from €16,821 to €14,090
- Cash +€1,576
up €1,576 (+57.0%), from €2,762 to €4,337
mainly Trade debts (+€23,094) and Net result for the year (+€20,417)
- Trade debts +€23,094
up €23,094 (+84.7%), from €27,253 to €50,347
- Profit (loss) carried forward +€20,417
up €20,417, from -€16,480 to €3,936
- Current portion of long-term debt -€7,291
no longer reported in 2024 (was €7,291)
- Tax, wage and social debts -€5,122
down €5,122 (-39.2%), from €13,065 to €7,942
- Debts after one year -€1,227
no longer reported in 2024 (was €1,227)
- Gross operating margin +€30,864
up €30,864 (+593%), from €5,207 to €36,071
- Other operating charges +€10,081
up €10,081 (+744%), from €1,354 to €11,435
- Staff costs -€4,897
no longer reported in 2024 (was €4,897)
- Depreciation +€2,732
new in 2024: €2,732
- Taxes +€1,300
new in 2024: €1,300
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 | €48,956 | €78,825 | +€29,870 | +61.0% |
| Fixed assets | 21/28 | €16,821 | €14,090 | -€2,732 | -16.2% |
| Tangible fixed assets | 22/27 | €16,821 | €14,090 | -€2,732 | -16.2% |
| Furniture and vehicles | 24 | €16,821 | €14,090 | -€2,732 | -16.2% |
| Current assets | 29/58 | €32,134 | €64,736 | +€32,601 | +101% |
| Stocks and contracts in progress | 3 | €20,000 | €55,800 | +€35,800 | +179% |
| Stocks | 30/36 | €20,000 | €55,800 | +€35,800 | +179% |
| Amounts receivable within one year | 40/41 | €9,373 | €4,598 | -€4,774 | -50.9% |
| Other amounts receivable | 41 | €9,373 | €4,598 | -€4,774 | -50.9% |
| Cash at bank and in hand | 54/58 | €2,762 | €4,337 | +€1,576 | +57.0% |
| Total equity and liabilities | 10/49 | €48,956 | €78,825 | +€29,870 | +61.0% |
| Equity | 10/15 | €120 | €20,536 | +€20,417 | +17,042% |
| Contributions | 10/11 | €16,600 | €16,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,480 | €3,936 | +€20,417 | |
| Amounts payable | 17/49 | €48,836 | €58,289 | +€9,453 | +19.4% |
| Amounts payable after more than one year | 17 | €1,227 | - | -€1,227 | |
| Financial debts | 170/4 | €1,227 | - | -€1,227 | |
| Amounts payable within one year | 42/48 | €47,609 | €58,289 | +€10,680 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €7,291 | - | -€7,291 | |
| Trade debts | 44 | €27,253 | €50,347 | +€23,094 | +84.7% |
| Suppliers | 440/4 | €27,253 | €50,347 | +€23,094 | +84.7% |
| Taxes, remuneration and social security | 45 | €13,065 | €7,942 | -€5,122 | -39.2% |
| Remuneration and social security | 454/9 | €13,065 | €7,942 | -€5,122 | -39.2% |
| Remuneration, social security and pensions | 62 | €4,897 | - | -€4,897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,732 | +€2,732 | |
| Other operating charges | 640/8 | €1,354 | €11,435 | +€10,081 | +744% |
| Gross operating margin | 9900 | €5,207 | €36,071 | +€30,864 | +593% |
| Operating profit (loss) | 9901 | -€1,044 | €21,904 | +€22,948 | |
| Financial charges | 65/66B | €109 | €188 | +€79 | +73.0% |
| Recurring financial charges | 65 | €109 | €188 | +€79 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,152 | €21,717 | +€22,869 | |
| Income taxes | 67/77 | - | €1,300 | +€1,300 | |
| Profit (loss) for the period | 9904 | -€1,152 | €20,417 | +€21,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,152 | €20,417 | +€21,569 |
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 30 October 2026 via checked.be.