Raphaël LOIX: 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.
Raphaël LOIX
Largest movements
- Stocks and contracts -€16,201
down €16,201 (-91.4%), from €17,729 to €1,528
- Cash +€7,387
up €7,387 (+98.2%), from €7,521 to €14,908
mainly Stocks and contracts (+€16,201) and Trade debts (+€6,085)
- Tangible fixed assets +€2,045
up €2,045 (+49.1%), from €4,167 to €6,211
of which Plant, machinery and equipment: +€2,458
- Profit (loss) carried forward -€20,809
down €20,809 (-53.1%), from -€39,203 to -€60,011
- Trade debts +€6,085
up €6,085 (+24.7%), from €24,599 to €30,684
- Other debts +€4,814
up €4,814 (+679%), from €709 to €5,524
- Tax, wage and social debts +€2,739
up €2,739 (+46.6%), from €5,873 to €8,612
- Other operating charges -€4,106
down €4,106 (-75.7%), from €5,425 to €1,318
- Gross operating margin +€2,339
up €2,339 (+18.3%), from -€12,773 to -€10,434
- Financial charges +€1,422
up €1,422 (+31.3%), from €4,543 to €5,964
- Depreciation -€685
down €685 (-18.8%), from €3,640 to €2,955
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 | €63,126 | €56,356 | -€6,771 | -10.7% |
| Fixed assets | 21/28 | €4,401 | €6,297 | +€1,896 | +43.1% |
| Tangible fixed assets | 22/27 | €4,167 | €6,211 | +€2,045 | +49.1% |
| Plant, machinery and equipment | 23 | €3,151 | €5,609 | +€2,458 | +78.0% |
| Furniture and vehicles | 24 | €1,016 | €602 | -€413 | -40.7% |
| Financial fixed assets | 28 | €235 | €86 | -€149 | -63.4% |
| Current assets | 29/58 | €58,725 | €50,059 | -€8,666 | -14.8% |
| Stocks and contracts in progress | 3 | €17,729 | €1,528 | -€16,201 | -91.4% |
| Stocks | 30/36 | €17,729 | €1,528 | -€16,201 | -91.4% |
| Amounts receivable within one year | 40/41 | €33,474 | €33,623 | +€149 | +0.4% |
| Trade receivables | 40 | €32,493 | €29,026 | -€3,467 | -10.7% |
| Other amounts receivable | 41 | €981 | €4,597 | +€3,616 | +369% |
| Cash at bank and in hand | 54/58 | €7,521 | €14,908 | +€7,387 | +98.2% |
| Total equity and liabilities | 10/49 | €63,126 | €56,356 | -€6,771 | -10.7% |
| Equity | 10/15 | €6,697 | -€14,111 | -€20,809 | |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | €1,900 | - | -€1,900 | |
| Distributable reserves | 133 | - | €1,900 | +€1,900 | |
| Profit (loss) carried forward | 14 | -€39,203 | -€60,011 | -€20,809 | -53.1% |
| Amounts payable | 17/49 | €56,429 | €70,467 | +€14,038 | +24.9% |
| Amounts payable within one year | 42/48 | €55,710 | €69,348 | +€13,639 | +24.5% |
| Financial debts | 43 | €24,529 | €24,529 | = | 0.0% |
| Credit institutions | 430/8 | €24,529 | €24,529 | = | 0.0% |
| Trade debts | 44 | €24,599 | €30,684 | +€6,085 | +24.7% |
| Suppliers | 440/4 | €24,599 | €30,684 | +€6,085 | +24.7% |
| Taxes, remuneration and social security | 45 | €5,873 | €8,612 | +€2,739 | +46.6% |
| Taxes | 450/3 | €5,873 | €8,612 | +€2,739 | +46.6% |
| Other amounts payable | 47/48 | €709 | €5,524 | +€4,814 | +679% |
| Accrued charges and deferred income | 492/3 | €719 | €1,119 | +€400 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,640 | €2,955 | -€685 | -18.8% |
| Other operating charges | 640/8 | €5,425 | €1,318 | -€4,106 | -75.7% |
| Non-recurring operating charges | 66A | €480 | - | -€480 | |
| Gross operating margin | 9900 | -€12,773 | -€10,434 | +€2,339 | +18.3% |
| Operating profit (loss) | 9901 | -€22,317 | -€14,707 | +€7,610 | +34.1% |
| Financial income | 75/76B | €38 | €2 | -€35 | -93.8% |
| Recurring financial income | 75 | €38 | €2 | -€35 | -93.8% |
| Financial charges | 65/66B | €4,543 | €5,964 | +€1,422 | +31.3% |
| Recurring financial charges | 65 | €4,543 | €5,964 | +€1,422 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,822 | -€20,669 | +€6,153 | +22.9% |
| Income taxes | 67/77 | €120 | €140 | +€20 | +16.7% |
| Profit (loss) for the period | 9904 | -€26,942 | -€20,809 | +€6,133 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,942 | -€20,809 | +€6,133 | +22.8% |
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 13 October 2026 via checked.be.