RAVEN: what changed
RAVEN
Largest movements
- Deferred charges and accrued income +€40,201
up €40,201 (+1,095%), from €3,672 to €43,873
- Tangible fixed assets -€20,383
down €20,383 (-22.8%), from €89,307 to €68,924
of which Plant, machinery and equipment: -€25,476
- Cash +€10,200
up €10,200 (+45.4%), from €22,466 to €32,666
mainly Advances received (+€120,931) and Depreciation (+€59,557)
- Receivables within one year +€4,777
up €4,777 (+2.8%), from €171,616 to €176,392
of which Other amounts receivable: +€9,034
- Advances received +€120,931
up €120,931 (+1,329%), from €9,102 to €130,033
- Debts after one year -€48,884
down €48,884 (-86.2%), from €56,693 to €7,809
- Trade debts -€25,047
down €25,047 (-51.3%), from €48,819 to €23,772
- Tax, wage and social debts -€7,286
down €7,286 (-52.5%), from €13,886 to €6,600
- Other debts -€5,269
down €5,269 (-5.5%), from €96,670 to €91,402
- Gross operating margin -€36,241
down €36,241 (-19.8%), from €183,360 to €147,119
- Staff costs +€23,358
up €23,358 (+44.0%), from €53,076 to €76,434
- Depreciation +€16,437
up €16,437 (+38.1%), from €43,120 to €59,557
- Financial charges +€3,107
up €3,107 (+48.7%), from €6,382 to €9,489
of which Financial charges: +€3,655
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,060 | €322,856 | +€34,795 | +12.1% |
| Fixed assets | 21/28 | €90,307 | €69,924 | -€20,383 | -22.6% |
| Tangible fixed assets | 22/27 | €89,307 | €68,924 | -€20,383 | -22.8% |
| Land and buildings | 22 | €6,865 | €5,057 | -€1,808 | -26.3% |
| Plant, machinery and equipment | 23 | €74,759 | €49,283 | -€25,476 | -34.1% |
| Furniture and vehicles | 24 | €7,683 | €14,584 | +€6,901 | +89.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €197,753 | €252,931 | +€55,178 | +27.9% |
| Amounts receivable within one year | 40/41 | €171,616 | €176,392 | +€4,777 | +2.8% |
| Trade receivables | 40 | €163,747 | €159,490 | -€4,257 | -2.6% |
| Other amounts receivable | 41 | €7,869 | €16,902 | +€9,034 | +115% |
| Cash at bank and in hand | 54/58 | €22,466 | €32,666 | +€10,200 | +45.4% |
| Deferred charges and accrued income | 490/1 | €3,672 | €43,873 | +€40,201 | +1,095% |
| Total equity and liabilities | 10/49 | €288,060 | €322,856 | +€34,795 | +12.1% |
| Equity | 10/15 | €27,995 | €29,236 | +€1,241 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,795 | €23,036 | +€1,241 | +5.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,935 | €21,176 | +€1,241 | +6.2% |
| Amounts payable | 17/49 | €260,065 | €293,620 | +€33,555 | +12.9% |
| Amounts payable after more than one year | 17 | €56,693 | €7,809 | -€48,884 | -86.2% |
| Financial debts | 170/4 | €56,693 | €7,809 | -€48,884 | -86.2% |
| Amounts payable within one year | 42/48 | €195,208 | €282,554 | +€87,346 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €26,730 | €30,747 | +€4,017 | +15.0% |
| Trade debts | 44 | €48,819 | €23,772 | -€25,047 | -51.3% |
| Suppliers | 440/4 | €48,819 | €23,772 | -€25,047 | -51.3% |
| Advances received on contracts in progress | 46 | €9,102 | €130,033 | +€120,931 | +1,329% |
| Taxes, remuneration and social security | 45 | €13,886 | €6,600 | -€7,286 | -52.5% |
| Remuneration and social security | 454/9 | €13,886 | €6,600 | -€7,286 | -52.5% |
| Other amounts payable | 47/48 | €96,670 | €91,402 | -€5,269 | -5.5% |
| Accrued charges and deferred income | 492/3 | €8,164 | €3,257 | -€4,907 | -60.1% |
| Remuneration, social security and pensions | 62 | €53,076 | €76,434 | +€23,358 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,120 | €59,557 | +€16,437 | +38.1% |
| Other operating charges | 640/8 | €746 | €1,747 | +€1,001 | +134% |
| Gross operating margin | 9900 | €183,360 | €147,119 | -€36,241 | -19.8% |
| Operating profit (loss) | 9901 | €86,418 | €9,381 | -€77,037 | -89.1% |
| Financial income | 75/76B | €2,976 | €1,348 | -€1,628 | -54.7% |
| Recurring financial income | 75 | €0 | €75 | +€75 | +749,800% |
| Non-recurring financial income | 76B | €2,976 | €1,273 | -€1,703 | -57.2% |
| Financial charges | 65/66B | €6,382 | €9,489 | +€3,107 | +48.7% |
| Recurring financial charges | 65 | €5,104 | €8,759 | +€3,655 | +71.6% |
| Non-recurring financial charges | 66B | €1,278 | €730 | -€548 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €83,012 | €1,241 | -€81,771 | -98.5% |
| Profit (loss) for the period | 9904 | €83,012 | €1,241 | -€81,771 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €83,012 | €1,241 | -€81,771 | -98.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.