RAPHA: 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.
RAPHA
Largest movements
- Cash +€83,894
up €83,894 (+600.5%), from €13,972 to €97,866
mainly Other debts (+€130,075) and Net result for the year (+€68,276)
- Receivables after one year +€70,000
up €70,000 (+70.0%), from €100,000 to €170,000
- Receivables within one year +€18,562
up €18,562 (+11.2%), from €166,236 to €184,798
of which Trade receivables: +€26,727
- Other debts +€130,075
up €130,075 (+181.0%), from €71,870 to €201,945
- Tax, wage and social debts -€43,769
down €43,769 (-34.8%), from €125,802 to €82,033
of which Taxes: -€47,246
- Current portion of long-term debt +€40,000
up €40,000 (+375.8%), from €10,644 to €50,644
- Advances received +€18,715
up €18,715 (+32.2%), from €58,080 to €76,795
- Reserves +€18,276
up €18,276 (+15.3%), from €119,122 to €137,398
of which Distributable reserves: +€20,136
- Other operating charges +€69,406
up €69,406 (+6196.9%), from €1,120 to €70,526
- Gross operating margin +€63,952
up €63,952 (+51.1%), from €125,095 to €189,047
- Staff costs +€16,998
new in 2024: €16,998
- Taxes -€5,375
down €5,375 (-15.2%), from €35,375 to €30,000
- Financial charges +€2,433
up €2,433 (+97.3%), from €2,502 to €4,936
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 | €539,211 | €713,253 | +€174,042 | +32.3% |
| Fixed assets | 21/28 | €258,504 | €259,389 | +€885 | +0.3% |
| Tangible fixed assets | 22/27 | €5,170 | €6,053 | +€883 | +17.1% |
| Furniture and vehicles | 24 | €326 | €2,420 | +€2,094 | +643.0% |
| Other tangible fixed assets | 26 | €4,844 | €3,633 | -€1,211 | -25.0% |
| Financial fixed assets | 28 | €253,334 | €253,336 | +€2 | 0.0% |
| Current assets | 29/58 | €280,708 | €453,864 | +€173,157 | +61.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €170,000 | +€70,000 | +70.0% |
| Other amounts receivable | 291 | €100,000 | €170,000 | +€70,000 | +70.0% |
| Amounts receivable within one year | 40/41 | €166,236 | €184,798 | +€18,562 | +11.2% |
| Trade receivables | 40 | €139,774 | €166,501 | +€26,727 | +19.1% |
| Other amounts receivable | 41 | €26,462 | €18,298 | -€8,164 | -30.9% |
| Cash at bank and in hand | 54/58 | €13,972 | €97,866 | +€83,894 | +600.5% |
| Deferred charges and accrued income | 490/1 | €500 | €1,200 | +€700 | +140.0% |
| Total equity and liabilities | 10/49 | €539,211 | €713,253 | +€174,042 | +32.3% |
| Equity | 10/15 | €137,722 | €155,998 | +€18,276 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,122 | €137,398 | +€18,276 | +15.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €117,262 | €137,398 | +€20,136 | +17.2% |
| Amounts payable | 17/49 | €401,489 | €557,255 | +€155,766 | +38.8% |
| Amounts payable after more than one year | 17 | €37,571 | €26,769 | -€10,802 | -28.8% |
| Financial debts | 170/4 | €37,571 | €26,769 | -€10,802 | -28.8% |
| Amounts payable within one year | 42/48 | €333,918 | €485,486 | +€151,568 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €10,644 | €50,644 | +€40,000 | +375.8% |
| Trade debts | 44 | €67,522 | €74,069 | +€6,547 | +9.7% |
| Suppliers | 440/4 | €67,522 | €74,069 | +€6,547 | +9.7% |
| Advances received on contracts in progress | 46 | €58,080 | €76,795 | +€18,715 | +32.2% |
| Taxes, remuneration and social security | 45 | €125,802 | €82,033 | -€43,769 | -34.8% |
| Taxes | 450/3 | €125,802 | €78,556 | -€47,246 | -37.6% |
| Remuneration and social security | 454/9 | - | €3,477 | +€3,477 | |
| Other amounts payable | 47/48 | €71,870 | €201,945 | +€130,075 | +181.0% |
| Accrued charges and deferred income | 492/3 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Remuneration, social security and pensions | 62 | - | €16,998 | +€16,998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,785 | €1,711 | -€74 | -4.2% |
| Other operating charges | 640/8 | €1,120 | €70,526 | +€69,406 | +6196.9% |
| Gross operating margin | 9900 | €125,095 | €189,047 | +€63,952 | +51.1% |
| Operating profit (loss) | 9901 | €122,190 | €99,812 | -€22,378 | -18.3% |
| Financial income | 75/76B | €2,317 | €3,400 | +€1,083 | +46.8% |
| Recurring financial income | 75 | €2,317 | €3,400 | +€1,083 | +46.8% |
| Financial charges | 65/66B | €2,502 | €4,936 | +€2,433 | +97.3% |
| Recurring financial charges | 65 | €2,502 | €4,936 | +€2,433 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €122,004 | €98,276 | -€23,728 | -19.4% |
| Income taxes | 67/77 | €35,375 | €30,000 | -€5,375 | -15.2% |
| Profit (loss) for the period | 9904 | €86,629 | €68,276 | -€18,352 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,629 | €68,276 | -€18,352 | -21.2% |
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 8 October 2026 via checked.be.