RAPHAELLE: 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.
RAPHAELLE
Largest movements
- Receivables within one year +€3,835
up €3,835 (+39.2%), from €9,781 to €13,616
of which Trade receivables: +€3,835
- Tangible fixed assets +€2,714
up €2,714 (+13.0%), from €20,811 to €23,525
of which Plant, machinery and equipment: +€4,267
- Stocks and contracts -€2,545
down €2,545 (-10.4%), from €24,405 to €21,860
- Deferred charges and accrued income -€1,779
down €1,779 (-88.7%), from €2,005 to €226
- Cash +€1,133
up €1,133 (+15.1%), from €7,507 to €8,639
mainly Tax, wage and social debts (+€7,850) and Stocks and contracts (+€2,545)
- Current portion of long-term debt -€8,905
down €8,905 (-100.0%), from €8,905 to €0
- Tax, wage and social debts +€7,850
up €7,850 (+47.2%), from €16,642 to €24,492
of which Remuneration and social security: +€4,812
- Revaluation surpluses -€3,081
down €3,081 (-21.7%), from €14,205 to €11,123
- Reserves +€3,081
up €3,081 (+9.2%), from €33,563 to €36,644
of which Distributable reserves: +€3,081
- Profit (loss) carried forward +€1,668
up €1,668 (+2.3%), from -€73,572 to -€71,904
- Depreciation -€19,068
down €19,068 (-89.1%), from €21,405 to €2,337
- Purchases and services -€8,636
down €8,636 (-13.0%), from €66,504 to €57,868
- Turnover -€7,652
down €7,652 (-9.5%), from €80,144 to €72,492
- Gross operating margin +€3,616
up €3,616 (+19.0%), from €19,014 to €22,630
- Other operating charges -€814
down €814 (-36.8%), from €2,208 to €1,395
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 | €66,120 | €69,478 | +€3,358 | +5.1% |
| Fixed assets | 21/28 | €22,422 | €25,136 | +€2,714 | +12.1% |
| Tangible fixed assets | 22/27 | €20,811 | €23,525 | +€2,714 | +13.0% |
| Land and buildings | 22 | €16,929 | €16,081 | -€847 | -5.0% |
| Plant, machinery and equipment | 23 | €577 | €4,844 | +€4,267 | +740.1% |
| Furniture and vehicles | 24 | €3,306 | €2,600 | -€706 | -21.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,611 | €1,611 | = | 0.0% |
| Current assets | 29/58 | €43,698 | €44,342 | +€644 | +1.5% |
| Stocks and contracts in progress | 3 | €24,405 | €21,860 | -€2,545 | -10.4% |
| Stocks | 30/36 | €24,405 | €21,860 | -€2,545 | -10.4% |
| Amounts receivable within one year | 40/41 | €9,781 | €13,616 | +€3,835 | +39.2% |
| Trade receivables | 40 | €9,781 | €13,616 | +€3,835 | +39.2% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €7,507 | €8,639 | +€1,133 | +15.1% |
| Deferred charges and accrued income | 490/1 | €2,005 | €226 | -€1,779 | -88.7% |
| Total equity and liabilities | 10/49 | €66,120 | €69,478 | +€3,358 | +5.1% |
| Equity | 10/15 | -€14,649 | -€12,981 | +€1,668 | +11.4% |
| Contributions | 10/11 | €11,155 | €11,155 | = | 0.0% |
| Revaluation surpluses | 12 | €14,205 | €11,123 | -€3,081 | -21.7% |
| Reserves | 13 | €33,563 | €36,644 | +€3,081 | +9.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €31,703 | €34,785 | +€3,081 | +9.7% |
| Profit (loss) carried forward | 14 | -€73,572 | -€71,904 | +€1,668 | +2.3% |
| Amounts payable | 17/49 | €80,769 | €82,459 | +€1,690 | +2.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €80,745 | €81,231 | +€485 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €8,905 | €0 | -€8,905 | -100.0% |
| Trade debts | 44 | €14,576 | €15,320 | +€744 | +5.1% |
| Suppliers | 440/4 | €14,576 | €15,320 | +€744 | +5.1% |
| Taxes, remuneration and social security | 45 | €16,642 | €24,492 | +€7,850 | +47.2% |
| Taxes | 450/3 | €2,938 | €5,976 | +€3,039 | +103.4% |
| Remuneration and social security | 454/9 | €13,704 | €18,516 | +€4,812 | +35.1% |
| Other amounts payable | 47/48 | €40,622 | €41,419 | +€796 | +2.0% |
| Accrued charges and deferred income | 492/3 | €24 | €1,228 | +€1,204 | +4988.9% |
| Turnover | 70 | €80,144 | €72,492 | -€7,652 | -9.5% |
| Non-recurring operating income | 76A | €0 | €2,334 | +€2,334 | |
| Goods, raw materials, services and sundry goods | 60/61 | €66,504 | €57,868 | -€8,636 | -13.0% |
| Remuneration, social security and pensions | 62 | €16,221 | €16,180 | -€40 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,405 | €2,337 | -€19,068 | -89.1% |
| Other operating charges | 640/8 | €2,208 | €1,395 | -€814 | -36.8% |
| Non-recurring operating charges | 66A | €1,532 | €234 | -€1,298 | -84.7% |
| Gross operating margin | 9900 | €19,014 | €22,630 | +€3,616 | +19.0% |
| Operating profit (loss) | 9901 | -€22,352 | €2,484 | +€24,836 | |
| Financial income | 75/76B | €0 | €347 | +€347 | |
| Recurring financial income | 75 | €0 | €347 | +€347 | |
| Financial charges | 65/66B | €1,538 | €770 | -€768 | -49.9% |
| Recurring financial charges | 65 | €1,538 | €770 | -€768 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,889 | €2,061 | +€25,951 | |
| Income taxes | 67/77 | - | €345 | +€345 | |
| Profit (loss) for the period | 9904 | -€23,889 | €1,716 | +€25,606 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,889 | €1,716 | +€25,606 |
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 28 September 2026 via checked.be.