RAGS: 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.
RAGS
Largest movements
- Receivables after one year +€95,000
new in 2024: €95,000
- Cash -€94,581
down €94,581 (-90.7%), from €104,222 to €9,641
mainly Receivables after one year (-€95,000) and Receivables within one year (-€55,750)
- Receivables within one year +€55,750
up €55,750 (+48.1%), from €115,847 to €171,597
of which Other amounts receivable: +€45,750
- Current investments +€50,174
new in 2024: €50,174
- Financial fixed assets -€14,000
down €14,000 (-75.7%), from €18,500 to €4,500
- Reserves +€65,638
up €65,638 (+28.8%), from €227,895 to €293,533
- Tax, wage and social debts +€17,964
up €17,964 (+299%), from €6,000 to €23,964
- Short-term financial debts -€14,544
down €14,544 (-85.1%), from €17,100 to €2,555
- Other debts +€7,602
up €7,602 (+129%), from €5,913 to €13,516
- Gross operating margin -€4,106
down €4,106 (-4.3%), from €95,281 to €91,175
- Financial income +€3,662
up €3,662 (+96.6%), from €3,790 to €7,451
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 | €270,394 | €346,808 | +€76,414 | +28.3% |
| Fixed assets | 21/28 | €28,536 | €10,794 | -€17,742 | -62.2% |
| Tangible fixed assets | 22/27 | €10,036 | €6,294 | -€3,742 | -37.3% |
| Land and buildings | 22 | €693 | - | -€693 | |
| Furniture and vehicles | 24 | €9,343 | €6,294 | -€3,049 | -32.6% |
| Financial fixed assets | 28 | €18,500 | €4,500 | -€14,000 | -75.7% |
| Current assets | 29/58 | €241,858 | €336,014 | +€94,156 | +38.9% |
| Amounts receivable after more than one year | 29 | - | €95,000 | +€95,000 | |
| Trade receivables | 290 | - | €95,000 | +€95,000 | |
| Amounts receivable within one year | 40/41 | €115,847 | €171,597 | +€55,750 | +48.1% |
| Trade receivables | 40 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Other amounts receivable | 41 | €85,847 | €131,597 | +€45,750 | +53.3% |
| Current investments | 50/53 | - | €50,174 | +€50,174 | |
| Cash at bank and in hand | 54/58 | €104,222 | €9,641 | -€94,581 | -90.7% |
| Deferred charges and accrued income | 490/1 | €21,789 | €9,603 | -€12,186 | -55.9% |
| Total equity and liabilities | 10/49 | €270,394 | €346,808 | +€76,414 | +28.3% |
| Equity | 10/15 | €237,895 | €303,533 | +€65,638 | +27.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €227,895 | €293,533 | +€65,638 | +28.8% |
| Distributable reserves | 133 | €227,895 | €293,533 | +€65,638 | +28.8% |
| Amounts payable | 17/49 | €32,499 | €43,275 | +€10,776 | +33.2% |
| Amounts payable after more than one year | 17 | €246 | €246 | = | 0.0% |
| Financial debts | 170/4 | €246 | €246 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,092 | €42,860 | +€10,768 | +33.6% |
| Financial debts | 43 | €17,100 | €2,555 | -€14,544 | -85.1% |
| Credit institutions | 430/8 | €17,100 | €2,555 | -€14,544 | -85.1% |
| Trade debts | 44 | €3,079 | €2,825 | -€254 | -8.3% |
| Suppliers | 440/4 | €3,079 | €2,825 | -€254 | -8.3% |
| Taxes, remuneration and social security | 45 | €6,000 | €23,964 | +€17,964 | +299% |
| Taxes | 450/3 | €6,000 | €23,964 | +€17,964 | +299% |
| Other amounts payable | 47/48 | €5,913 | €13,516 | +€7,602 | +129% |
| Accrued charges and deferred income | 492/3 | €162 | €170 | +€9 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,897 | €3,742 | -€155 | -4.0% |
| Other operating charges | 640/8 | €807 | €708 | -€99 | -12.2% |
| Non-recurring operating charges | 66A | - | €725 | +€725 | |
| Gross operating margin | 9900 | €95,281 | €91,175 | -€4,106 | -4.3% |
| Operating profit (loss) | 9901 | €90,577 | €86,000 | -€4,577 | -5.1% |
| Financial income | 75/76B | €3,790 | €7,451 | +€3,662 | +96.6% |
| Recurring financial income | 75 | €3,790 | €7,451 | +€3,662 | +96.6% |
| Financial charges | 65/66B | €793 | €1,031 | +€238 | +30.0% |
| Recurring financial charges | 65 | €793 | €1,031 | +€238 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €93,573 | €92,420 | -€1,153 | -1.2% |
| Income taxes | 67/77 | €26,401 | €26,783 | +€381 | +1.4% |
| Profit (loss) for the period | 9904 | €67,172 | €65,638 | -€1,534 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,172 | €65,638 | -€1,534 | -2.3% |
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 25 October 2026 via checked.be.