RAJU: 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.
RAJU
Largest movements
- Receivables within one year +€368,793
up €368,793 (+3744.1%), from €9,850 to €378,643
- Cash -€216,078
down €216,078 (-85.8%), from €251,986 to €35,908
mainly Receivables within one year (-€368,793)
- Stocks and contracts -€34,427
down €34,427 (-100.0%), from €34,427 to €0
- Tangible fixed assets -€4,489
down €4,489 (-33.2%), from €13,534 to €9,045
of which Furniture and vehicles: -€3,780
- Profit (loss) carried forward +€113,799
up €113,799 (+39.3%), from €289,337 to €403,136
- Gross operating margin +€90,835
up €90,835 (+271.2%), from €33,493 to €124,328
- Other operating charges -€6,039
down €6,039 (-93.1%), from €6,490 to €451
- Financial charges +€4,593
up €4,593 (+460.7%), from €997 to €5,590
of which Financial charges: +€4,593
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 | €309,797 | €423,596 | +€113,799 | +36.7% |
| Fixed assets | 21/28 | €13,534 | €9,045 | -€4,489 | -33.2% |
| Tangible fixed assets | 22/27 | €13,534 | €9,045 | -€4,489 | -33.2% |
| Plant, machinery and equipment | 23 | €2,194 | €1,485 | -€709 | -32.3% |
| Furniture and vehicles | 24 | €11,340 | €7,560 | -€3,780 | -33.3% |
| Current assets | 29/58 | €296,263 | €414,551 | +€118,288 | +39.9% |
| Stocks and contracts in progress | 3 | €34,427 | €0 | -€34,427 | -100.0% |
| Stocks | 30/36 | €34,427 | €0 | -€34,427 | -100.0% |
| Amounts receivable within one year | 40/41 | €9,850 | €378,643 | +€368,793 | +3744.1% |
| Other amounts receivable | 41 | €9,850 | €378,643 | +€368,793 | +3744.1% |
| Cash at bank and in hand | 54/58 | €251,986 | €35,908 | -€216,078 | -85.8% |
| Total equity and liabilities | 10/49 | €309,797 | €423,596 | +€113,799 | +36.7% |
| Equity | 10/15 | €309,797 | €423,596 | +€113,799 | +36.7% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,460 | €20,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,337 | €403,136 | +€113,799 | +39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,488 | €4,488 | = | 0.0% |
| Other operating charges | 640/8 | €6,490 | €451 | -€6,039 | -93.1% |
| Gross operating margin | 9900 | €33,493 | €124,328 | +€90,835 | +271.2% |
| Operating profit (loss) | 9901 | €22,515 | €119,389 | +€96,874 | +430.3% |
| Financial charges | 65/66B | €997 | €5,590 | +€4,593 | +460.7% |
| Recurring financial charges | 65 | €997 | €5,590 | +€4,593 | +460.7% |
| Non-recurring financial charges | 66B | €997 | €5,590 | +€4,593 | +460.7% |
| Profit (loss) for the period before taxes | 9903 | €21,518 | €113,799 | +€92,281 | +428.9% |
| Profit (loss) for the period | 9904 | €21,518 | €113,799 | +€92,281 | +428.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,518 | €113,799 | +€92,281 | +428.9% |
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 6 October 2026 via checked.be.