RAKIB & AHMED: 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.
RAKIB & AHMED
Largest movements
- Stocks and contracts +€40,525
up €40,525 (+121%), from €33,550 to €74,075
- Receivables within one year +€12,451
up €12,451 (+35.7%), from €34,901 to €47,353
of which Trade receivables: +€11,475
- Other debts +€43,003
up €43,003 (+98.3%), from €43,742 to €86,745
- Profit (loss) carried forward +€4,516
up €4,516 (+71.5%), from €6,320 to €10,836
- Trade debts +€2,347
up €2,347 (+306%), from €767 to €3,114
- Tax, wage and social debts +€1,559
up €1,559 (+88.3%), from €1,765 to €3,324
- Gross operating margin -€12,508
down €12,508 (-51.8%), from €24,138 to €11,630
- Taxes +€4,330
up €4,330 (+2,897%), from €149 to €4,480
- Other operating charges -€2,978
down €2,978 (-62.2%), from €4,786 to €1,808
- Depreciation +€303
up €303 (+250%), from €121 to €424
From the 2022 result to the 2023 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.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,878 | €123,479 | +€51,601 | +71.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,698 | €1,273 | -€424 | -25.0% |
| Tangible fixed assets | 22/27 | €1,698 | €1,273 | -€424 | -25.0% |
| Plant, machinery and equipment | 23 | €1,698 | €1,273 | -€424 | -25.0% |
| Current assets | 29/58 | €70,180 | €122,205 | +€52,025 | +74.1% |
| Stocks and contracts in progress | 3 | €33,550 | €74,075 | +€40,525 | +121% |
| Stocks | 30/36 | €33,550 | €74,075 | +€40,525 | +121% |
| Amounts receivable within one year | 40/41 | €34,901 | €47,353 | +€12,451 | +35.7% |
| Trade receivables | 40 | €32,596 | €44,070 | +€11,475 | +35.2% |
| Other amounts receivable | 41 | €2,306 | €3,282 | +€976 | +42.3% |
| Cash at bank and in hand | 54/58 | €820 | €2 | -€818 | -99.8% |
| Deferred charges and accrued income | 490/1 | €909 | €776 | -€133 | -14.6% |
| Total equity and liabilities | 10/49 | €71,878 | €123,479 | +€51,601 | +71.8% |
| Equity | 10/15 | €25,604 | €30,120 | +€4,516 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €684 | €684 | = | 0.0% |
| Non-distributable reserves | 130/1 | €684 | €684 | = | 0.0% |
| Reserves not available under the articles | 1311 | €684 | €684 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,320 | €10,836 | +€4,516 | +71.5% |
| Amounts payable | 17/49 | €46,274 | €93,359 | +€47,085 | +102% |
| Amounts payable after more than one year | 17 | - | €176 | +€176 | |
| Financial debts | 170/4 | - | €176 | +€176 | |
| Amounts payable within one year | 42/48 | €46,274 | €93,183 | +€46,909 | +101% |
| Trade debts | 44 | €767 | €3,114 | +€2,347 | +306% |
| Suppliers | 440/4 | €767 | €3,114 | +€2,347 | +306% |
| Taxes, remuneration and social security | 45 | €1,765 | €3,324 | +€1,559 | +88.3% |
| Taxes | 450/3 | €1,765 | €3,324 | +€1,559 | +88.3% |
| Other amounts payable | 47/48 | €43,742 | €86,745 | +€43,003 | +98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121 | €424 | +€303 | +250% |
| Other operating charges | 640/8 | €4,786 | €1,808 | -€2,978 | -62.2% |
| Gross operating margin | 9900 | €24,138 | €11,630 | -€12,508 | -51.8% |
| Operating profit (loss) | 9901 | €19,231 | €9,397 | -€9,833 | -51.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €358 | €402 | +€45 | +12.5% |
| Recurring financial charges | 65 | €358 | €402 | +€45 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €18,873 | €8,996 | -€9,877 | -52.3% |
| Income taxes | 67/77 | €149 | €4,480 | +€4,330 | +2,897% |
| Profit (loss) for the period | 9904 | €18,724 | €4,516 | -€14,208 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,724 | €4,516 | -€14,208 | -75.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.