RAID1: 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.
RAID1
Largest movements
- Cash +€28,974
up €28,974 (+61.0%), from €47,464 to €76,438
mainly Net result for the year (+€45,509) and Depreciation (+€3,722)
- Receivables within one year +€6,415
up €6,415 (+17.9%), from €35,798 to €42,213
- Tangible fixed assets -€1,657
down €1,657 (-17.4%), from €9,540 to €7,883
of which Plant, machinery and equipment: -€2,366
- Reserves +€45,509
up €45,509 (+83.4%), from €54,598 to €100,106
- Tax, wage and social debts -€7,729
down €7,729 (-28.8%), from €26,878 to €19,149
- Other debts -€3,417
down €3,417 (-75.8%), from €4,511 to €1,094
- Gross operating margin +€11,815
up €11,815 (+22.4%), from €52,682 to €64,497
- Other operating charges -€2,742
down €2,742 (-83.3%), from €3,290 to €548
- Turnover -€2,508
no longer reported in 2024 (was €2,508)
- Taxes +€2,505
up €2,505 (+25.7%), from €9,749 to €12,254
- Depreciation +€680
up €680 (+22.3%), from €3,043 to €3,722
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 | €92,846 | €126,670 | +€33,825 | +36.4% |
| Fixed assets | 21/28 | €9,540 | €7,883 | -€1,657 | -17.4% |
| Tangible fixed assets | 22/27 | €9,540 | €7,883 | -€1,657 | -17.4% |
| Plant, machinery and equipment | 23 | €4,514 | €2,148 | -€2,366 | -52.4% |
| Furniture and vehicles | 24 | €5,026 | €5,735 | +€709 | +14.1% |
| Current assets | 29/58 | €83,306 | €118,788 | +€35,482 | +42.6% |
| Amounts receivable within one year | 40/41 | €35,798 | €42,213 | +€6,415 | +17.9% |
| Trade receivables | 40 | €35,798 | €42,213 | +€6,415 | +17.9% |
| Cash at bank and in hand | 54/58 | €47,464 | €76,438 | +€28,974 | +61.0% |
| Deferred charges and accrued income | 490/1 | €44 | €136 | +€92 | +209.7% |
| Total equity and liabilities | 10/49 | €92,846 | €126,670 | +€33,825 | +36.4% |
| Equity | 10/15 | €58,598 | €104,106 | +€45,509 | +77.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €54,598 | €100,106 | +€45,509 | +83.4% |
| Distributable reserves | 133 | €54,598 | €100,106 | +€45,509 | +83.4% |
| Amounts payable | 17/49 | €34,248 | €22,564 | -€11,684 | -34.1% |
| Amounts payable within one year | 42/48 | €34,248 | €22,564 | -€11,684 | -34.1% |
| Trade debts | 44 | €2,859 | €2,322 | -€537 | -18.8% |
| Suppliers | 440/4 | €2,859 | €2,322 | -€537 | -18.8% |
| Taxes, remuneration and social security | 45 | €26,878 | €19,149 | -€7,729 | -28.8% |
| Taxes | 450/3 | €26,878 | €19,149 | -€7,729 | -28.8% |
| Other amounts payable | 47/48 | €4,511 | €1,094 | -€3,417 | -75.8% |
| Turnover | 70 | €2,508 | - | -€2,508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,043 | €3,722 | +€680 | +22.3% |
| Other operating charges | 640/8 | €3,290 | €548 | -€2,742 | -83.3% |
| Gross operating margin | 9900 | €52,682 | €64,497 | +€11,815 | +22.4% |
| Operating profit (loss) | 9901 | €46,349 | €60,227 | +€13,877 | +29.9% |
| Financial charges | 65/66B | €2,508 | €2,464 | -€44 | -1.8% |
| Recurring financial charges | 65 | €2,508 | €2,464 | -€44 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €43,842 | €57,763 | +€13,921 | +31.8% |
| Income taxes | 67/77 | €9,749 | €12,254 | +€2,505 | +25.7% |
| Profit (loss) for the period | 9904 | €34,092 | €45,509 | +€11,416 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,092 | €45,509 | +€11,416 | +33.5% |
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 30 September 2026 via checked.be.