RAPTOR: 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.
What changed
RAPTOR
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€252,511
2023 · -€382,782+€130,271
Equity
€23.3m
2023 · €23.6m-€252,511
Cash
€49,112
2023 · €33,508+€15,604
Balance sheet total
€36.8m
2023 · €36.9m-€77,865
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€132,432
up €132,432 (+93.7%), from -€141,264 to -€8,832
- Staff costs +€4,936
up €4,936 (+9.8%), from €50,604 to €55,540
- Depreciation -€4,534
down €4,534 (-2.7%), from €169,069 to €164,535
- Financial charges +€1,831
up €1,831 (+13.4%), from €13,654 to €15,486
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.
Result 2023
-€382,782
Gross operating margin
+€132,432
Staff costs
-€4,936
Depreciation
+€4,534
Other operating charges
+€72
Financial charges
-€1,831
Result 2024
-€252,511
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.
From operations
+€56,872
Investment
-€18,240
Financing
-€23,028
Cash 2023
€33,508
From operations (derived)
+€56,872
Net result for the year
-€252,511
Depreciation
+€164,535
Receivables within one year
-€31,131
Deferred charges and accrued income
-€21,694
Trade debts
+€72,684
Tax, wage and social debts
+€938
Other debts
+€118,154
Accrued charges and deferred income
+€5,897
Investment (derived)
-€18,240
Investment in fixed assets (net)
-€18,240
Financing
-€23,028
Debts after one year
-€101,972
Current portion of long-term debt
+€78,944
Cash 2024
€49,112
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,861,502 | €36,783,636 | -€77,865 | -0.2% |
| Fixed assets | 21/28 | €29,412,547 | €29,266,252 | -€146,295 | -0.5% |
| Intangible fixed assets | 21 | €12,040 | €15,725 | +€3,685 | +30.6% |
| Tangible fixed assets | 22/27 | €3,232,281 | €3,082,301 | -€149,980 | -4.6% |
| Land and buildings | 22 | €3,155,756 | €3,022,676 | -€133,080 | -4.2% |
| Plant, machinery and equipment | 23 | €3,385 | €2,055 | -€1,330 | -39.3% |
| Furniture and vehicles | 24 | €73,140 | €57,570 | -€15,570 | -21.3% |
| Financial fixed assets | 28 | €26,168,226 | €26,168,226 | = | 0.0% |
| Current assets | 29/58 | €7,448,954 | €7,517,384 | +€68,429 | +0.9% |
| Stocks and contracts in progress | 3 | €76,699 | €76,699 | = | 0.0% |
| Stocks | 30/36 | €76,699 | €76,699 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,335,232 | €7,366,363 | +€31,131 | +0.4% |
| Trade receivables | 40 | €7,000,000 | €7,000,000 | = | 0.0% |
| Other amounts receivable | 41 | €335,232 | €366,363 | +€31,131 | +9.3% |
| Cash at bank and in hand | 54/58 | €33,508 | €49,112 | +€15,604 | +46.6% |
| Deferred charges and accrued income | 490/1 | €3,516 | €25,210 | +€21,694 | +617.0% |
| Total equity and liabilities | 10/49 | €36,861,502 | €36,783,636 | -€77,865 | -0.2% |
| Equity | 10/15 | €23,587,176 | €23,334,665 | -€252,511 | -1.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,324,206 | €1,324,206 | = | 0.0% |
| Reserves | 13 | €6,272,161 | €6,272,161 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €6,265,963 | €6,265,963 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,928,836 | €15,676,325 | -€252,511 | -1.6% |
| Amounts payable | 17/49 | €13,274,325 | €13,448,971 | +€174,646 | +1.3% |
| Amounts payable after more than one year | 17 | €362,013 | €260,041 | -€101,972 | -28.2% |
| Financial debts | 170/4 | €362,013 | €260,041 | -€101,972 | -28.2% |
| Amounts payable within one year | 42/48 | €12,912,313 | €13,183,033 | +€270,721 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €80,229 | €159,173 | +€78,944 | +98.4% |
| Trade debts | 44 | €39,364 | €112,048 | +€72,684 | +184.6% |
| Suppliers | 440/4 | €39,364 | €112,048 | +€72,684 | +184.6% |
| Taxes, remuneration and social security | 45 | €102,357 | €103,296 | +€938 | +0.9% |
| Taxes | 450/3 | €101,373 | €102,170 | +€797 | +0.8% |
| Remuneration and social security | 454/9 | €984 | €1,126 | +€142 | +14.4% |
| Other amounts payable | 47/48 | €12,690,363 | €12,808,517 | +€118,154 | +0.9% |
| Accrued charges and deferred income | 492/3 | - | €5,897 | +€5,897 | |
| Remuneration, social security and pensions | 62 | €50,604 | €55,540 | +€4,936 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,069 | €164,535 | -€4,534 | -2.7% |
| Other operating charges | 640/8 | €7,394 | €7,321 | -€72 | -1.0% |
| Gross operating margin | 9900 | -€141,264 | -€8,832 | +€132,432 | +93.7% |
| Operating profit (loss) | 9901 | -€368,331 | -€236,228 | +€132,102 | +35.9% |
| Financial charges | 65/66B | €13,654 | €15,486 | +€1,831 | +13.4% |
| Recurring financial charges | 65 | €13,654 | €15,486 | +€1,831 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€381,985 | -€251,714 | +€130,271 | +34.1% |
| Income taxes | 67/77 | €797 | €797 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€382,782 | -€252,511 | +€130,271 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€382,782 | -€252,511 | +€130,271 | +34.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.