Raf Mastbooms: what changed
Raf Mastbooms
Largest movements
- Receivables within one year -€7,551
down €7,551 (-19.0%), from €39,670 to €32,119
of which Trade receivables: -€9,000
- Tangible fixed assets -€7,512
down €7,512 (-6.5%), from €115,640 to €108,127
- Cash -€6,346
no longer reported in 2023 (was €6,346)
mainly Debts after one year (-€10,133) and Net result for the year (-€10,113)
- Debts after one year -€10,133
down €10,133 (-10.4%), from €97,818 to €87,685
- Profit (loss) carried forward -€10,113
down €10,113 (-83.4%), from -€12,125 to -€22,238
- Gross operating margin -€14,381
down €14,381 (-91.8%), from €15,663 to €1,282
- Financial charges +€1,753
up €1,753 (+93.2%), from €1,882 to €3,635
- Financial income -€1,030
down €1,030 (-38.0%), from €2,712 to €1,682
- Other operating charges +€731
up €731 (+73.3%), from €998 to €1,729
- Depreciation -€369
down €369 (-4.7%), from €7,881 to €7,512
Change in the result, 2022 to 2023
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 2022 and 2023 balance sheets and the 2023 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 | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,768 | €144,297 | -€21,472 | -13.0% |
| Fixed assets | 21/28 | €119,070 | €111,557 | -€7,512 | -6.3% |
| Tangible fixed assets | 22/27 | €115,640 | €108,127 | -€7,512 | -6.5% |
| Land and buildings | 22 | €115,640 | €108,127 | -€7,512 | -6.5% |
| Financial fixed assets | 28 | €3,430 | €3,430 | = | 0.0% |
| Current assets | 29/58 | €46,699 | €32,739 | -€13,959 | -29.9% |
| Amounts receivable within one year | 40/41 | €39,670 | €32,119 | -€7,551 | -19.0% |
| Trade receivables | 40 | €9,000 | - | -€9,000 | |
| Other amounts receivable | 41 | €30,670 | €32,119 | +€1,449 | +4.7% |
| Current investments | 50/53 | €620 | €620 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,346 | - | -€6,346 | |
| Deferred charges and accrued income | 490/1 | €63 | - | -€63 | |
| Total equity and liabilities | 10/49 | €165,768 | €144,297 | -€21,472 | -13.0% |
| Equity | 10/15 | €62,239 | €52,125 | -€10,113 | -16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €68,163 | €68,163 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €66,303 | €68,163 | +€1,860 | +2.8% |
| Profit (loss) carried forward | 14 | -€12,125 | -€22,238 | -€10,113 | -83.4% |
| Amounts payable | 17/49 | €103,530 | €92,172 | -€11,358 | -11.0% |
| Amounts payable after more than one year | 17 | €97,818 | €87,685 | -€10,133 | -10.4% |
| Financial debts | 170/4 | €97,818 | €87,685 | -€10,133 | -10.4% |
| Amounts payable within one year | 42/48 | €5,711 | €4,486 | -€1,225 | -21.4% |
| Trade debts | 44 | €800 | €894 | +€94 | +11.7% |
| Suppliers | 440/4 | €800 | €894 | +€94 | +11.7% |
| Taxes, remuneration and social security | 45 | €4,911 | €3,592 | -€1,319 | -26.9% |
| Taxes | 450/3 | €3,178 | €3,592 | +€414 | +13.0% |
| Remuneration and social security | 454/9 | €1,733 | - | -€1,733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,881 | €7,512 | -€369 | -4.7% |
| Other operating charges | 640/8 | €998 | €1,729 | +€731 | +73.3% |
| Gross operating margin | 9900 | €15,663 | €1,282 | -€14,381 | -91.8% |
| Operating profit (loss) | 9901 | €6,784 | -€7,959 | -€14,743 | |
| Financial income | 75/76B | €2,712 | €1,682 | -€1,030 | -38.0% |
| Recurring financial income | 75 | €2,712 | €1,682 | -€1,030 | -38.0% |
| Financial charges | 65/66B | €1,882 | €3,635 | +€1,753 | +93.2% |
| Recurring financial charges | 65 | €1,882 | €3,635 | +€1,753 | +93.2% |
| Profit (loss) for the period before taxes | 9903 | €7,614 | -€9,912 | -€17,526 | |
| Income taxes | 67/77 | €173 | €201 | +€29 | +16.6% |
| Profit (loss) for the period | 9904 | €7,441 | -€10,113 | -€17,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,441 | -€10,113 | -€17,555 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.