RAPHAEL NAVEAU: 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.
RAPHAEL NAVEAU
Largest movements
- Cash +€40,755
up €40,755 (+219.4%), from €18,573 to €59,328
mainly Net result for the year (+€41,759) and Depreciation (+€2,513)
- Tangible fixed assets -€2,513
down €2,513 (-76.0%), from €3,306 to €794
- Profit (loss) carried forward +€41,759
up €41,759 (+62.2%), from €67,105 to €108,864
- Trade debts -€3,336
down €3,336 (-98.8%), from €3,377 to €41
- Tax, wage and social debts -€1,538
down €1,538 (-7.3%), from €20,975 to €19,438
- Gross operating margin +€30,361
up €30,361 (+101.4%), from €29,956 to €60,317
- Other operating charges +€5,533
up €5,533 (+60670.7%), from €9 to €5,542
- Taxes +€5,156
up €5,156 (+74.9%), from €6,883 to €12,039
- Financial income +€1,614
new in 2024: €1,614
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 | €91,958 | €129,724 | +€37,766 | +41.1% |
| Fixed assets | 21/28 | €3,357 | €844 | -€2,513 | -74.9% |
| Tangible fixed assets | 22/27 | €3,306 | €794 | -€2,513 | -76.0% |
| Furniture and vehicles | 24 | €3,306 | €794 | -€2,513 | -76.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €88,601 | €128,880 | +€40,279 | +45.5% |
| Amounts receivable within one year | 40/41 | €20,028 | €19,552 | -€476 | -2.4% |
| Trade receivables | 40 | €19,593 | €19,552 | -€40 | -0.2% |
| Other amounts receivable | 41 | €435 | - | -€435 | |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,573 | €59,328 | +€40,755 | +219.4% |
| Total equity and liabilities | 10/49 | €91,958 | €129,724 | +€37,766 | +41.1% |
| Equity | 10/15 | €67,605 | €109,364 | +€41,759 | +61.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,105 | €108,864 | +€41,759 | +62.2% |
| Amounts payable | 17/49 | €24,353 | €20,360 | -€3,993 | -16.4% |
| Amounts payable within one year | 42/48 | €24,353 | €20,360 | -€3,993 | -16.4% |
| Trade debts | 44 | €3,377 | €41 | -€3,336 | -98.8% |
| Suppliers | 440/4 | €3,377 | €41 | -€3,336 | -98.8% |
| Taxes, remuneration and social security | 45 | €20,975 | €19,438 | -€1,538 | -7.3% |
| Taxes | 450/3 | €20,975 | €19,438 | -€1,538 | -7.3% |
| Other amounts payable | 47/48 | - | €881 | +€881 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,480 | €2,513 | +€32 | +1.3% |
| Other operating charges | 640/8 | €9 | €5,542 | +€5,533 | +60670.7% |
| Gross operating margin | 9900 | €29,956 | €60,317 | +€30,361 | +101.4% |
| Operating profit (loss) | 9901 | €27,466 | €52,262 | +€24,796 | +90.3% |
| Financial income | 75/76B | - | €1,614 | +€1,614 | |
| Recurring financial income | 75 | - | €1,614 | +€1,614 | |
| Financial charges | 65/66B | €59 | €78 | +€20 | +33.3% |
| Recurring financial charges | 65 | €59 | €78 | +€20 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €27,408 | €53,798 | +€26,391 | +96.3% |
| Income taxes | 67/77 | €6,883 | €12,039 | +€5,156 | +74.9% |
| Profit (loss) for the period | 9904 | €20,525 | €41,759 | +€21,234 | +103.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,525 | €41,759 | +€21,234 | +103.5% |
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 3 October 2026 via checked.be.