RAGO FRUIT: 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.
What changed
RAGO FRUIT
NACE 10.392, Manufacture of food products
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€38,215
2023 · €32,387+€5,829
Equity
€297,394
2023 · €273,678+€23,715
Cash
€432,288
2023 · €623,334-€191,046
Balance sheet total
€2.9m
2023 · €2.9m+€16,881
Largest movements
Assets
- Receivables within one year +€236,290
up €236,290 (+12.1%), from €1.9m to €2.2m
of which Trade receivables: +€288,026
- Cash -€191,046
down €191,046 (-30.6%), from €623,334 to €432,288
mainly Receivables within one year (-€236,290) and Trade debts (-€16,635)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€55,632
up €55,632 (+35.7%), from €155,827 to €211,458
- Financial charges +€41,674
up €41,674 (+120%), from €34,825 to €76,499
- Taxes +€7,096
up €7,096 (+54.7%), from €12,961 to €20,057
- Staff costs +€2,928
up €2,928 (+4.4%), from €66,519 to €69,447
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.
Result 2023
€32,387
Gross operating margin
+€55,632
Staff costs
-€2,928
Other operating charges
+€290
Financial income
+€1,606
Financial charges
-€41,674
Taxes
-€7,096
Result 2024
€38,215
raises the resultlowers the result
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.
From operations
-€163,046
Investment
€0
Financing
-€28,000
Cash 2023
€623,334
From operations (derived)
-€163,046
Net result for the year
+€38,215
Depreciation
+€7,914
Stocks and contracts
+€18,810
Receivables within one year
-€236,290
Deferred charges and accrued income
+€1,639
Trade debts
-€16,635
Tax, wage and social debts
+€12,951
Other debts
+€10,350
Financing
-€28,000
Debts after one year
-€13,500
Contributions, distributions and other
-€14,500
Cash 2024
€432,288
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,909,754 | €2,926,635 | +€16,881 | +0.6% |
| Fixed assets | 21/28 | €46,054 | €38,140 | -€7,914 | -17.2% |
| Tangible fixed assets | 22/27 | €44,104 | €36,190 | -€7,914 | -17.9% |
| Land and buildings | 22 | €10,155 | €9,429 | -€725 | -7.1% |
| Plant, machinery and equipment | 23 | €29,949 | €24,761 | -€5,188 | -17.3% |
| Other tangible fixed assets | 26 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €2,863,700 | €2,888,495 | +€24,795 | +0.9% |
| Stocks and contracts in progress | 3 | €287,133 | €268,323 | -€18,810 | -6.6% |
| Stocks | 30/36 | €287,133 | €268,323 | -€18,810 | -6.6% |
| Amounts receivable within one year | 40/41 | €1,947,673 | €2,183,962 | +€236,290 | +12.1% |
| Trade receivables | 40 | €1,634,594 | €1,922,620 | +€288,026 | +17.6% |
| Other amounts receivable | 41 | €313,079 | €261,342 | -€51,736 | -16.5% |
| Cash at bank and in hand | 54/58 | €623,334 | €432,288 | -€191,046 | -30.6% |
| Deferred charges and accrued income | 490/1 | €5,560 | €3,921 | -€1,639 | -29.5% |
| Total equity and liabilities | 10/49 | €2,909,754 | €2,926,635 | +€16,881 | +0.6% |
| Equity | 10/15 | €273,678 | €297,394 | +€23,715 | +8.7% |
| Contributions | 10/11 | €9,250 | €9,250 | = | 0.0% |
| Reserves | 13 | €264,428 | €288,144 | +€23,715 | +9.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €261,928 | €285,644 | +€23,715 | +9.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,636,076 | €2,629,241 | -€6,835 | -0.3% |
| Amounts payable after more than one year | 17 | €102,375 | €88,875 | -€13,500 | -13.2% |
| Financial debts | 170/4 | €102,375 | €88,875 | -€13,500 | -13.2% |
| Amounts payable within one year | 42/48 | €2,533,701 | €2,540,366 | +€6,665 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €13,500 | €13,500 | = | 0.0% |
| Financial debts | 43 | €550,000 | €550,000 | = | 0.0% |
| Credit institutions | 430/8 | €550,000 | €550,000 | = | 0.0% |
| Trade debts | 44 | €1,924,297 | €1,907,662 | -€16,635 | -0.9% |
| Suppliers | 440/4 | €1,924,297 | €1,907,662 | -€16,635 | -0.9% |
| Taxes, remuneration and social security | 45 | €39,126 | €52,077 | +€12,951 | +33.1% |
| Taxes | 450/3 | €31,614 | €38,656 | +€7,042 | +22.3% |
| Remuneration and social security | 454/9 | €7,512 | €13,421 | +€5,909 | +78.7% |
| Other amounts payable | 47/48 | €6,778 | €17,128 | +€10,350 | +153% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,171 | €0 | -€4,171 | -100% |
| Remuneration, social security and pensions | 62 | €66,519 | €69,447 | +€2,928 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,914 | €7,914 | = | 0.0% |
| Other operating charges | 640/8 | €1,701 | €1,412 | -€290 | -17.0% |
| Gross operating margin | 9900 | €155,827 | €211,458 | +€55,632 | +35.7% |
| Operating profit (loss) | 9901 | €79,692 | €132,686 | +€52,993 | +66.5% |
| Financial income | 75/76B | €480 | €2,086 | +€1,606 | +334% |
| Recurring financial income | 75 | €480 | €2,086 | +€1,606 | +334% |
| Financial charges | 65/66B | €34,825 | €76,499 | +€41,674 | +120% |
| Recurring financial charges | 65 | €34,825 | €76,499 | +€41,674 | +120% |
| Profit (loss) for the period before taxes | 9903 | €45,348 | €58,272 | +€12,924 | +28.5% |
| Income taxes | 67/77 | €12,961 | €20,057 | +€7,096 | +54.7% |
| Profit (loss) for the period | 9904 | €32,387 | €38,215 | +€5,829 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,387 | €38,215 | +€5,829 | +18.0% |
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 16 October 2026 via checked.be.