RAGTIME: what changed
Two fiscal 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.
RAGTIME
Largest movements
- Cash -€5,243
down €5,243 (-70.1%), from €7,483 to €2,240
mainly Net result for the year (-€4,990) and Deferred charges and accrued income (-€1,853)
- Deferred charges and accrued income +€1,853
up €1,853 (+436.0%), from €425 to €2,278
- Stocks and contracts -€1,231
down €1,231 (-13.4%), from €9,184 to €7,953
- Receivables within one year -€942
down €942 (-8.1%), from €11,576 to €10,634
of which Trade receivables: -€909
- Profit (loss) carried forward -€4,990
down €4,990, from €2,197 to -€2,793
- Tax, wage and social debts -€491
down €491 (-7.2%), from €6,802 to €6,311
of which Taxes: -€404
- Staff costs +€1,462
up €1,462 (+7.0%), from €20,982 to €22,444
- Gross operating margin -€627
down €627 (-3.4%), from €18,671 to €18,044
- Other operating charges +€219
up €219 (+31.6%), from €694 to €913
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.
Cash bridge derived
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 | €29,624 | €23,919 | -€5,705 | -19.3% |
| Fixed assets | 21/28 | €956 | €814 | -€142 | -14.9% |
| Tangible fixed assets | 22/27 | €848 | €706 | -€142 | -16.7% |
| Plant, machinery and equipment | 23 | €407 | €324 | -€83 | -20.4% |
| Furniture and vehicles | 24 | €441 | €382 | -€59 | -13.4% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €28,668 | €23,105 | -€5,563 | -19.4% |
| Stocks and contracts in progress | 3 | €9,184 | €7,953 | -€1,231 | -13.4% |
| Stocks | 30/36 | €9,184 | €7,953 | -€1,231 | -13.4% |
| Amounts receivable within one year | 40/41 | €11,576 | €10,634 | -€942 | -8.1% |
| Trade receivables | 40 | €1,244 | €335 | -€909 | -73.1% |
| Other amounts receivable | 41 | €10,332 | €10,299 | -€33 | -0.3% |
| Cash at bank and in hand | 54/58 | €7,483 | €2,240 | -€5,243 | -70.1% |
| Deferred charges and accrued income | 490/1 | €425 | €2,278 | +€1,853 | +436.0% |
| Total equity and liabilities | 10/49 | €29,624 | €23,919 | -€5,705 | -19.3% |
| Equity | 10/15 | €20,789 | €15,799 | -€4,990 | -24.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,197 | -€2,793 | -€4,990 | |
| Amounts payable | 17/49 | €8,835 | €8,120 | -€715 | -8.1% |
| Amounts payable within one year | 42/48 | €8,835 | €8,120 | -€715 | -8.1% |
| Trade debts | 44 | €2,033 | €1,809 | -€224 | -11.0% |
| Suppliers | 440/4 | €2,033 | €1,809 | -€224 | -11.0% |
| Taxes, remuneration and social security | 45 | €6,802 | €6,311 | -€491 | -7.2% |
| Taxes | 450/3 | €2,444 | €2,040 | -€404 | -16.5% |
| Remuneration and social security | 454/9 | €4,358 | €4,271 | -€87 | -2.0% |
| Remuneration, social security and pensions | 62 | €20,982 | €22,444 | +€1,462 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €142 | +€1 | +0.7% |
| Other operating charges | 640/8 | €694 | €913 | +€219 | +31.6% |
| Gross operating margin | 9900 | €18,671 | €18,044 | -€627 | -3.4% |
| Operating profit (loss) | 9901 | -€3,146 | -€5,455 | -€2,309 | -73.4% |
| Financial income | 75/76B | €550 | €652 | +€102 | +18.5% |
| Recurring financial income | 75 | €550 | €652 | +€102 | +18.5% |
| Financial charges | 65/66B | €193 | €187 | -€6 | -3.1% |
| Recurring financial charges | 65 | €193 | €187 | -€6 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,789 | -€4,990 | -€2,201 | -78.9% |
| Profit (loss) for the period | 9904 | -€2,789 | -€4,990 | -€2,201 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,789 | -€4,990 | -€2,201 | -78.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.