RAO TECH: 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.
RAO TECH
Largest movements
- Cash +€185,271
up €185,271 (+122%), from €152,285 to €337,556
mainly Trade debts (+€137,618) and Net result for the year (+€64,318)
- Receivables within one year -€49,278
down €49,278 (-74.6%), from €66,040 to €16,762
of which Trade receivables: -€30,836
- Receivables after one year +€8,550
up €8,550 (+2.8%), from €302,342 to €310,892
- Trade debts +€137,618
up €137,618 (+1,227%), from €11,218 to €148,836
- Reserves +€64,318
up €64,318 (+18.7%), from €344,649 to €408,967
- Other debts -€63,620
down €63,620 (-82.8%), from €76,879 to €13,259
- Staff costs -€9,947
no longer reported in 2024 (was €9,947)
- Gross operating margin +€6,301
up €6,301 (+7.6%), from €82,501 to €88,801
- Taxes +€6,049
up €6,049 (+30.1%), from €20,077 to €26,126
- Financial income +€3,703
up €3,703 (+76.4%), from €4,847 to €8,550
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.
Derived cash bridge
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 | €549,396 | €687,511 | +€138,116 | +25.1% |
| Fixed assets | 21/28 | €16,528 | €12,332 | -€4,196 | -25.4% |
| Tangible fixed assets | 22/27 | €16,528 | €12,332 | -€4,196 | -25.4% |
| Furniture and vehicles | 24 | €10,408 | €6,242 | -€4,166 | -40.0% |
| Other tangible fixed assets | 26 | €6,120 | €6,089 | -€30 | -0.5% |
| Current assets | 29/58 | €532,868 | €675,180 | +€142,312 | +26.7% |
| Amounts receivable after more than one year | 29 | €302,342 | €310,892 | +€8,550 | +2.8% |
| Other amounts receivable | 291 | €302,342 | €310,892 | +€8,550 | +2.8% |
| Amounts receivable within one year | 40/41 | €66,040 | €16,762 | -€49,278 | -74.6% |
| Trade receivables | 40 | €41,789 | €10,953 | -€30,836 | -73.8% |
| Other amounts receivable | 41 | €24,252 | €5,809 | -€18,442 | -76.0% |
| Current investments | 50/53 | €12,092 | €9,907 | -€2,185 | -18.1% |
| Cash at bank and in hand | 54/58 | €152,285 | €337,556 | +€185,271 | +122% |
| Deferred charges and accrued income | 490/1 | €109 | €62 | -€46 | -42.8% |
| Total equity and liabilities | 10/49 | €549,396 | €687,511 | +€138,116 | +25.1% |
| Equity | 10/15 | €447,127 | €511,445 | +€64,318 | +14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €344,649 | €408,967 | +€64,318 | +18.7% |
| Distributable reserves | 133 | €344,649 | €408,967 | +€64,318 | +18.7% |
| Profit (loss) carried forward | 14 | €96,278 | €96,278 | = | 0.0% |
| Amounts payable | 17/49 | €102,269 | €176,067 | +€73,798 | +72.2% |
| Amounts payable within one year | 42/48 | €102,269 | €176,067 | +€73,798 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | €2,858 | €6,251 | +€3,393 | +119% |
| Trade debts | 44 | €11,218 | €148,836 | +€137,618 | +1,227% |
| Suppliers | 440/4 | €11,218 | €148,836 | +€137,618 | +1,227% |
| Taxes, remuneration and social security | 45 | €11,314 | €7,721 | -€3,593 | -31.8% |
| Taxes | 450/3 | €11,314 | €7,721 | -€3,593 | -31.8% |
| Other amounts payable | 47/48 | €76,879 | €13,259 | -€63,620 | -82.8% |
| Remuneration, social security and pensions | 62 | €9,947 | - | -€9,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,171 | €4,939 | -€232 | -4.5% |
| Other operating charges | 640/8 | €1,431 | €742 | -€688 | -48.1% |
| Gross operating margin | 9900 | €82,501 | €88,801 | +€6,301 | +7.6% |
| Operating profit (loss) | 9901 | €65,952 | €83,120 | +€17,168 | +26.0% |
| Financial income | 75/76B | €4,847 | €8,550 | +€3,703 | +76.4% |
| Recurring financial income | 75 | €4,847 | €8,550 | +€3,703 | +76.4% |
| Financial charges | 65/66B | €1,398 | €1,226 | -€172 | -12.3% |
| Recurring financial charges | 65 | €1,398 | €1,226 | -€172 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €69,401 | €90,443 | +€21,042 | +30.3% |
| Income taxes | 67/77 | €20,077 | €26,126 | +€6,049 | +30.1% |
| Profit (loss) for the period | 9904 | €49,324 | €64,318 | +€14,994 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,324 | €64,318 | +€14,994 | +30.4% |
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 25 October 2026 via checked.be.