RAK: 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.
RAK
Largest movements
- Receivables within one year +€37,703
up €37,703 (+18.6%), from €203,208 to €240,910
of which Trade receivables: +€26,731
- Tangible fixed assets -€9,504
down €9,504 (-5.3%), from €180,576 to €171,072
- Profit (loss) carried forward +€22,839
up €22,839 (+15.4%), from €148,255 to €171,093
- Other debts +€20,893
up €20,893 (+9.8%), from €212,945 to €233,837
- Current portion of long-term debt +€20,308
up €20,308 (+132.3%), from €15,346 to €35,654
- Debts after one year -€15,654
down €15,654 (-10.4%), from €151,187 to €135,534
- Tax, wage and social debts -€12,275
down €12,275 (-34.5%), from €35,543 to €23,268
- Gross operating margin -€53,072
down €53,072 (-50.5%), from €105,036 to €51,964
- Taxes -€12,415
down €12,415 (-58.2%), from €21,348 to €8,933
- Other operating charges +€2,623
up €2,623 (+117.4%), from €2,234 to €4,857
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 | €622,905 | €647,226 | +€24,321 | +3.9% |
| Fixed assets | 21/28 | €408,863 | €399,359 | -€9,504 | -2.3% |
| Tangible fixed assets | 22/27 | €180,576 | €171,072 | -€9,504 | -5.3% |
| Land and buildings | 22 | €180,576 | €171,072 | -€9,504 | -5.3% |
| Financial fixed assets | 28 | €228,287 | €228,287 | = | 0.0% |
| Current assets | 29/58 | €214,042 | €247,867 | +€33,825 | +15.8% |
| Amounts receivable within one year | 40/41 | €203,208 | €240,910 | +€37,703 | +18.6% |
| Trade receivables | 40 | €203,112 | €229,843 | +€26,731 | +13.2% |
| Other amounts receivable | 41 | €96 | €11,067 | +€10,971 | +11429.5% |
| Cash at bank and in hand | 54/58 | €7,842 | €5,312 | -€2,530 | -32.3% |
| Deferred charges and accrued income | 490/1 | €2,993 | €1,645 | -€1,347 | -45.0% |
| Total equity and liabilities | 10/49 | €622,905 | €647,226 | +€24,321 | +3.9% |
| Equity | 10/15 | €168,715 | €191,553 | +€22,839 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,255 | €171,093 | +€22,839 | +15.4% |
| Amounts payable | 17/49 | €454,191 | €455,673 | +€1,482 | +0.3% |
| Amounts payable after more than one year | 17 | €151,187 | €135,534 | -€15,654 | -10.4% |
| Financial debts | 170/4 | €151,187 | €135,534 | -€15,654 | -10.4% |
| Amounts payable within one year | 42/48 | €302,909 | €320,139 | +€17,230 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €15,346 | €35,654 | +€20,308 | +132.3% |
| Trade debts | 44 | €39,075 | €27,380 | -€11,695 | -29.9% |
| Suppliers | 440/4 | €39,075 | €27,380 | -€11,695 | -29.9% |
| Taxes, remuneration and social security | 45 | €35,543 | €23,268 | -€12,275 | -34.5% |
| Taxes | 450/3 | €35,543 | €23,268 | -€12,275 | -34.5% |
| Other amounts payable | 47/48 | €212,945 | €233,837 | +€20,893 | +9.8% |
| Accrued charges and deferred income | 492/3 | €94 | €0 | -€94 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,504 | €9,504 | = | 0.0% |
| Other operating charges | 640/8 | €2,234 | €4,857 | +€2,623 | +117.4% |
| Gross operating margin | 9900 | €105,036 | €51,964 | -€53,072 | -50.5% |
| Operating profit (loss) | 9901 | €93,298 | €37,603 | -€55,695 | -59.7% |
| Financial charges | 65/66B | €5,690 | €5,832 | +€141 | +2.5% |
| Recurring financial charges | 65 | €5,690 | €5,832 | +€141 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €87,608 | €31,771 | -€55,836 | -63.7% |
| Income taxes | 67/77 | €21,348 | €8,933 | -€12,415 | -58.2% |
| Profit (loss) for the period | 9904 | €66,260 | €22,839 | -€43,421 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,260 | €22,839 | -€43,421 | -65.5% |
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 10 October 2026 via checked.be.