RAVIO: 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.
RAVIO
Largest movements
- Receivables within one year +€215,863
up €215,863 (+41.8%), from €516,348 to €732,211
of which Trade receivables: +€183,822
- Cash +€18,315
up €18,315 (+21.9%), from €83,665 to €101,980
mainly Trade debts (+€120,964) and Tax, wage and social debts (+€59,417)
- Trade debts +€120,964
up €120,964 (+23.2%), from €521,286 to €642,250
- Tax, wage and social debts +€59,417
up €59,417 (+105.5%), from €56,326 to €115,742
of which Taxes: +€47,626
- Debts after one year +€22,166
up €22,166 (+40.0%), from €55,389 to €77,555
- Current portion of long-term debt +€14,714
up €14,714 (+18.2%), from €80,877 to €95,591
- Short-term financial debts +€10,129
new in 2024: €10,129
- Gross operating margin +€221,154
up €221,154 (+59.1%), from €374,041 to €595,195
- Staff costs +€196,986
up €196,986 (+59.1%), from €333,353 to €530,339
- Depreciation +€15,906
up €15,906 (+233.8%), from €6,803 to €22,709
- Financial charges +€13,603
up €13,603 (+535.5%), from €2,540 to €16,143
- Other operating charges +€13,303
up €13,303 (+863.8%), from €1,540 to €14,843
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 | €763,826 | €999,129 | +€235,303 | +30.8% |
| Fixed assets | 21/28 | €121,647 | €117,324 | -€4,323 | -3.6% |
| Intangible fixed assets | 21 | €6,984 | €5,070 | -€1,913 | -27.4% |
| Tangible fixed assets | 22/27 | €113,104 | €111,184 | -€1,920 | -1.7% |
| Land and buildings | 22 | €36,745 | €37,556 | +€812 | +2.2% |
| Plant, machinery and equipment | 23 | €4 | - | -€4 | |
| Furniture and vehicles | 24 | €76,355 | €73,627 | -€2,728 | -3.6% |
| Financial fixed assets | 28 | €1,560 | €1,070 | -€490 | -31.4% |
| Current assets | 29/58 | €642,178 | €881,805 | +€239,627 | +37.3% |
| Amounts receivable after more than one year | 29 | €31,750 | €32,950 | +€1,200 | +3.8% |
| Other amounts receivable | 291 | €31,750 | €32,950 | +€1,200 | +3.8% |
| Amounts receivable within one year | 40/41 | €516,348 | €732,211 | +€215,863 | +41.8% |
| Trade receivables | 40 | €434,886 | €618,709 | +€183,822 | +42.3% |
| Other amounts receivable | 41 | €81,462 | €113,502 | +€32,040 | +39.3% |
| Cash at bank and in hand | 54/58 | €83,665 | €101,980 | +€18,315 | +21.9% |
| Deferred charges and accrued income | 490/1 | €10,415 | €14,664 | +€4,249 | +40.8% |
| Total equity and liabilities | 10/49 | €763,826 | €999,129 | +€235,303 | +30.8% |
| Equity | 10/15 | €45,207 | €51,662 | +€6,455 | +14.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,207 | €21,662 | +€6,455 | +42.4% |
| Amounts payable | 17/49 | €718,619 | €947,467 | +€228,848 | +31.8% |
| Amounts payable after more than one year | 17 | €55,389 | €77,555 | +€22,166 | +40.0% |
| Financial debts | 170/4 | €55,389 | €77,555 | +€22,166 | +40.0% |
| Amounts payable within one year | 42/48 | €658,488 | €863,713 | +€205,224 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €80,877 | €95,591 | +€14,714 | +18.2% |
| Financial debts | 43 | - | €10,129 | +€10,129 | |
| Credit institutions | 430/8 | - | €10,129 | +€10,129 | |
| Trade debts | 44 | €521,286 | €642,250 | +€120,964 | +23.2% |
| Suppliers | 440/4 | €521,286 | €642,250 | +€120,964 | +23.2% |
| Taxes, remuneration and social security | 45 | €56,326 | €115,742 | +€59,417 | +105.5% |
| Taxes | 450/3 | €11,662 | €59,288 | +€47,626 | +408.4% |
| Remuneration and social security | 454/9 | €44,664 | €56,454 | +€11,791 | +26.4% |
| Accrued charges and deferred income | 492/3 | €4,742 | €6,200 | +€1,458 | +30.7% |
| Remuneration, social security and pensions | 62 | €333,353 | €530,339 | +€196,986 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,803 | €22,709 | +€15,906 | +233.8% |
| Other operating charges | 640/8 | €1,540 | €14,843 | +€13,303 | +863.8% |
| Gross operating margin | 9900 | €374,041 | €595,195 | +€221,154 | +59.1% |
| Operating profit (loss) | 9901 | €32,344 | €27,304 | -€5,040 | -15.6% |
| Financial income | 75/76B | €2,357 | €4,940 | +€2,583 | +109.6% |
| Recurring financial income | 75 | €2,357 | €4,940 | +€2,583 | +109.6% |
| Financial charges | 65/66B | €2,540 | €16,143 | +€13,603 | +535.5% |
| Recurring financial charges | 65 | €2,540 | €16,143 | +€13,603 | +535.5% |
| Profit (loss) for the period before taxes | 9903 | €32,161 | €16,101 | -€16,060 | -49.9% |
| Income taxes | 67/77 | €12,676 | €9,646 | -€3,030 | -23.9% |
| Profit (loss) for the period | 9904 | €19,485 | €6,455 | -€13,030 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,485 | €6,455 | -€13,030 | -66.9% |
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 12 October 2026 via checked.be.