RAISE: 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.
RAISE
Largest movements
- Receivables within one year +€225,850
up €225,850 (+69.2%), from €326,460 to €552,311
of which Trade receivables: +€199,195
- Cash -€169,775
down €169,775 (-73.6%), from €230,649 to €60,874
mainly Receivables within one year (-€225,850) and Trade debts (-€133,168)
- Tangible fixed assets -€23,977
down €23,977 (-41.6%), from €57,568 to €33,591
of which Furniture and vehicles: -€21,769
- Profit (loss) carried forward +€165,267
up €165,267 (+110.5%), from €149,595 to €314,862
- Trade debts -€133,168
down €133,168 (-28.7%), from €464,082 to €330,913
- Gross operating margin +€23,799
up €23,799 (+13.9%), from €170,945 to €194,744
- Depreciation +€11,823
up €11,823 (+88.6%), from €13,352 to €25,175
- Other operating charges -€3,724
down €3,724 (-46.7%), from €7,980 to €4,255
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 | €614,677 | €646,775 | +€32,098 | +5.2% |
| Fixed assets | 21/28 | €57,568 | €33,591 | -€23,977 | -41.6% |
| Tangible fixed assets | 22/27 | €57,568 | €33,591 | -€23,977 | -41.6% |
| Plant, machinery and equipment | 23 | €5,870 | €3,662 | -€2,208 | -37.6% |
| Furniture and vehicles | 24 | €51,698 | €29,929 | -€21,769 | -42.1% |
| Current assets | 29/58 | €557,109 | €613,184 | +€56,075 | +10.1% |
| Amounts receivable within one year | 40/41 | €326,460 | €552,311 | +€225,850 | +69.2% |
| Trade receivables | 40 | €196,478 | €395,672 | +€199,195 | +101.4% |
| Other amounts receivable | 41 | €129,982 | €156,638 | +€26,656 | +20.5% |
| Cash at bank and in hand | 54/58 | €230,649 | €60,874 | -€169,775 | -73.6% |
| Total equity and liabilities | 10/49 | €614,677 | €646,775 | +€32,098 | +5.2% |
| Equity | 10/15 | €150,595 | €315,862 | +€165,267 | +109.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,595 | €314,862 | +€165,267 | +110.5% |
| Amounts payable | 17/49 | €464,082 | €330,913 | -€133,168 | -28.7% |
| Amounts payable within one year | 42/48 | €464,082 | €330,913 | -€133,168 | -28.7% |
| Trade debts | 44 | €464,082 | €330,913 | -€133,168 | -28.7% |
| Suppliers | 440/4 | €464,082 | €330,913 | -€133,168 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,352 | €25,175 | +€11,823 | +88.6% |
| Other operating charges | 640/8 | €7,980 | €4,255 | -€3,724 | -46.7% |
| Gross operating margin | 9900 | €170,945 | €194,744 | +€23,799 | +13.9% |
| Operating profit (loss) | 9901 | €149,614 | €165,314 | +€15,700 | +10.5% |
| Financial charges | 65/66B | €18 | €47 | +€29 | +158.1% |
| Recurring financial charges | 65 | €18 | €47 | +€29 | +158.1% |
| Profit (loss) for the period before taxes | 9903 | €149,595 | €165,267 | +€15,671 | +10.5% |
| Profit (loss) for the period | 9904 | €149,595 | €165,267 | +€15,671 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €149,595 | €165,267 | +€15,671 | +10.5% |
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 8 October 2026 via checked.be.