RALET: 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.
What changed
RALET
NACE 47.120, Other non-specialised retail sale
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€213,976
2023 · €337,821-€123,845
Equity
€2.4m
2023 · €2.2m+€213,976
Cash
€477,583
2023 · €456,308+€21,275
Balance sheet total
€3.5m
2023 · €3.5m+€12,092
Largest movements
Assets
- Receivables within one year +€113,646
up €113,646 (+98.1%), from €115,792 to €229,438
of which Trade receivables: +€109,036
- Current investments -€95,016
down €95,016 (-9.5%), from €1.0m to €905,113
Equity and liabilities
- Reserves +€213,976
up €213,976 (+20.9%), from €1.0m to €1.2m
of which Distributable reserves: +€213,976
- Other debts -€197,839
no longer reported in 2024 (was €197,839)
- Trade debts +€145,441
up €145,441 (+42.8%), from €340,020 to €485,461
- Debts after one year -€90,703
no longer reported in 2024 (was €90,703)
- Tax, wage and social debts -€61,295
down €61,295 (-17.3%), from €354,382 to €293,087
of which Taxes: -€63,343
Income statement
- Gross operating margin -€127,585
down €127,585 (-7.2%), from €1.8m to €1.6m
- Staff costs -€56,935
down €56,935 (-4.5%), from €1.3m to €1.2m
- Depreciation +€40,078
up €40,078 (+27.7%), from €144,687 to €184,765
- Taxes +€28,843
up €28,843 (+35.9%), from €80,387 to €109,230
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.
Result 2023
€337,821
Gross operating margin
-€127,585
Staff costs
+€56,935
Depreciation
-€40,078
Write-downs
+€7,130
Other operating charges
-€491
Other operating items
+€15,246
Financial income
+€6,964
Financial charges
-€13,123
Taxes
-€28,843
Result 2024
€213,976
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.
From operations
+€225,608
Investment
-€96,347
Financing
-€107,986
Cash 2023
€456,308
From operations (derived)
+€225,608
Net result for the year
+€213,976
Depreciation
+€184,765
Stocks and contracts
+€26,090
Receivables within one year
-€113,646
Deferred charges and accrued income
+€8,321
Trade debts
+€145,441
Tax, wage and social debts
-€61,295
Other debts
-€197,839
Accrued charges and deferred income
+€19,794
Investment (derived)
-€96,347
Investment in fixed assets (net)
-€191,363
Current investments
+€95,016
Financing
-€107,986
Debts after one year
-€90,703
Current portion of long-term debt
-€17,283
Contributions, distributions and other
-€0
Cash 2024
€477,583
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,526,286 | €3,538,378 | +€12,092 | +0.3% |
| Fixed assets | 21/28 | €609,091 | €615,689 | +€6,598 | +1.1% |
| Intangible fixed assets | 21 | €7,615 | €2,163 | -€5,452 | -71.6% |
| Tangible fixed assets | 22/27 | €593,476 | €605,525 | +€12,049 | +2.0% |
| Plant, machinery and equipment | 23 | €144,363 | €161,230 | +€16,867 | +11.7% |
| Furniture and vehicles | 24 | €98,291 | €139,177 | +€40,886 | +41.6% |
| Other tangible fixed assets | 26 | €350,822 | €305,118 | -€45,704 | -13.0% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €2,917,195 | €2,922,689 | +€5,494 | +0.2% |
| Stocks and contracts in progress | 3 | €1,226,659 | €1,200,569 | -€26,090 | -2.1% |
| Stocks | 30/36 | €1,226,659 | €1,200,569 | -€26,090 | -2.1% |
| Amounts receivable within one year | 40/41 | €115,792 | €229,438 | +€113,646 | +98.1% |
| Trade receivables | 40 | €115,737 | €224,773 | +€109,036 | +94.2% |
| Other amounts receivable | 41 | €55 | €4,665 | +€4,610 | +8382.1% |
| Current investments | 50/53 | €1,000,129 | €905,113 | -€95,016 | -9.5% |
| Cash at bank and in hand | 54/58 | €456,308 | €477,583 | +€21,275 | +4.7% |
| Deferred charges and accrued income | 490/1 | €118,307 | €109,986 | -€8,321 | -7.0% |
| Total equity and liabilities | 10/49 | €3,526,286 | €3,538,378 | +€12,092 | +0.3% |
| Equity | 10/15 | €2,229,947 | €2,443,923 | +€213,976 | +9.6% |
| Contributions | 10/11 | €1,422,421 | €1,422,421 | +€0 | 0.0% |
| Capital | 10 | €1,420,000 | €1,420,000 | = | 0.0% |
| Issued capital | 100 | €1,420,000 | €1,420,000 | = | 0.0% |
| Outside capital | 11 | €2,421 | €2,421 | +€0 | 0.0% |
| Share premium | 1100/10 | €2,421 | €2,421 | +€0 | 0.0% |
| Reserves | 13 | €1,025,520 | €1,239,496 | +€213,976 | +20.9% |
| Non-distributable reserves | 130/1 | €40,822 | €40,822 | -€0 | 0.0% |
| Legal reserve | 130 | €40,822 | €40,822 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €25,745 | €25,745 | +€0 | 0.0% |
| Distributable reserves | 133 | €958,953 | €1,172,929 | +€213,976 | +22.3% |
| Profit (loss) carried forward | 14 | -€217,994 | -€217,994 | -€0 | 0.0% |
| Amounts payable | 17/49 | €1,296,339 | €1,094,455 | -€201,884 | -15.6% |
| Amounts payable after more than one year | 17 | €90,703 | - | -€90,703 | |
| Financial debts | 170/4 | €90,703 | - | -€90,703 | |
| Amounts payable within one year | 42/48 | €1,000,227 | €869,252 | -€130,975 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €107,986 | €90,703 | -€17,283 | -16.0% |
| Trade debts | 44 | €340,020 | €485,461 | +€145,441 | +42.8% |
| Suppliers | 440/4 | €340,020 | €485,461 | +€145,441 | +42.8% |
| Taxes, remuneration and social security | 45 | €354,382 | €293,087 | -€61,295 | -17.3% |
| Taxes | 450/3 | €128,409 | €65,066 | -€63,343 | -49.3% |
| Remuneration and social security | 454/9 | €225,973 | €228,021 | +€2,048 | +0.9% |
| Other amounts payable | 47/48 | €197,839 | - | -€197,839 | |
| Accrued charges and deferred income | 492/3 | €205,409 | €225,203 | +€19,794 | +9.6% |
| Non-recurring operating income | 76A | €3,719 | €500 | -€3,219 | -86.6% |
| Remuneration, social security and pensions | 62 | €1,267,859 | €1,210,924 | -€56,935 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,687 | €184,765 | +€40,078 | +27.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€29,276 | -€36,406 | -€7,130 | -24.4% |
| Other operating charges | 640/8 | €2,172 | €2,663 | +€491 | +22.6% |
| Non-recurring operating charges | 66A | €15,246 | - | -€15,246 | |
| Gross operating margin | 9900 | €1,775,557 | €1,647,972 | -€127,585 | -7.2% |
| Operating profit (loss) | 9901 | €374,869 | €286,026 | -€88,843 | -23.7% |
| Financial income | 75/76B | €97,027 | €103,991 | +€6,964 | +7.2% |
| Recurring financial income | 75 | €97,027 | €103,991 | +€6,964 | +7.2% |
| Financial charges | 65/66B | €53,688 | €66,811 | +€13,123 | +24.4% |
| Recurring financial charges | 65 | €53,688 | €66,811 | +€13,123 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €418,208 | €323,206 | -€95,002 | -22.7% |
| Income taxes | 67/77 | €80,387 | €109,230 | +€28,843 | +35.9% |
| Profit (loss) for the period | 9904 | €337,821 | €213,976 | -€123,845 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €337,821 | €213,976 | -€123,845 | -36.7% |
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.