RAY NEGOCE: 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.
RAY NEGOCE
Largest movements
- Stocks and contracts +€73,500
new in 2024: €73,500
- Receivables within one year +€63,943
up €63,943 (+391.1%), from €16,349 to €80,292
of which Trade receivables: +€39,944
- Tangible fixed assets -€10,748
down €10,748 (-37.3%), from €28,784 to €18,036
- Trade debts +€98,633
new in 2024: €98,633
- Profit (loss) carried forward +€16,301
up €16,301 (+30.1%), from €54,069 to €70,370
- Reserves +€14,000
new in 2024: €14,000
- Debts after one year -€4,845
down €4,845 (-48.7%), from €9,939 to €5,094
- Tax, wage and social debts +€3,895
up €3,895 (+45.9%), from €8,493 to €12,388
- Gross operating margin +€46,668
up €46,668 (+388.9%), from €12,001 to €58,669
- Taxes +€9,427
up €9,427 (+412.6%), from €2,284 to €11,711
- Depreciation +€6,440
up €6,440 (+128.3%), from €5,018 to €11,458
- Financial charges +€2,389
up €2,389 (+756.9%), from €316 to €2,705
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 | €80,699 | €207,829 | +€127,130 | +157.5% |
| Fixed assets | 21/28 | €28,784 | €18,036 | -€10,748 | -37.3% |
| Tangible fixed assets | 22/27 | €28,784 | €18,036 | -€10,748 | -37.3% |
| Furniture and vehicles | 24 | €28,784 | €18,036 | -€10,748 | -37.3% |
| Current assets | 29/58 | €51,915 | €189,793 | +€137,879 | +265.6% |
| Stocks and contracts in progress | 3 | - | €73,500 | +€73,500 | |
| Stocks | 30/36 | - | €73,500 | +€73,500 | |
| Amounts receivable within one year | 40/41 | €16,349 | €80,292 | +€63,943 | +391.1% |
| Trade receivables | 40 | €16,349 | €56,293 | +€39,944 | +244.3% |
| Other amounts receivable | 41 | - | €23,999 | +€23,999 | |
| Cash at bank and in hand | 54/58 | €34,847 | €34,789 | -€57 | -0.2% |
| Deferred charges and accrued income | 490/1 | €719 | €1,212 | +€493 | +68.6% |
| Total equity and liabilities | 10/49 | €80,699 | €207,829 | +€127,130 | +157.5% |
| Equity | 10/15 | €56,569 | €86,870 | +€30,301 | +53.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €14,000 | +€14,000 | |
| Distributable reserves | 133 | - | €14,000 | +€14,000 | |
| Profit (loss) carried forward | 14 | €54,069 | €70,370 | +€16,301 | +30.1% |
| Amounts payable | 17/49 | €24,130 | €120,960 | +€96,830 | +401.3% |
| Amounts payable after more than one year | 17 | €9,939 | €5,094 | -€4,845 | -48.7% |
| Financial debts | 170/4 | €9,939 | €5,094 | -€4,845 | -48.7% |
| Amounts payable within one year | 42/48 | €14,191 | €115,866 | +€101,675 | +716.5% |
| Current portion of amounts payable after more than one year | 42 | €4,606 | €4,845 | +€238 | +5.2% |
| Trade debts | 44 | - | €98,633 | +€98,633 | |
| Suppliers | 440/4 | - | €98,633 | +€98,633 | |
| Taxes, remuneration and social security | 45 | €8,493 | €12,388 | +€3,895 | +45.9% |
| Taxes | 450/3 | €8,493 | €12,388 | +€3,895 | +45.9% |
| Other amounts payable | 47/48 | €1,092 | - | -€1,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,018 | €11,458 | +€6,440 | +128.3% |
| Other operating charges | 640/8 | €2,661 | €2,495 | -€166 | -6.3% |
| Gross operating margin | 9900 | €12,001 | €58,669 | +€46,668 | +388.9% |
| Operating profit (loss) | 9901 | €4,322 | €44,716 | +€40,394 | +934.6% |
| Financial charges | 65/66B | €316 | €2,705 | +€2,389 | +756.9% |
| Recurring financial charges | 65 | €316 | €2,705 | +€2,389 | +756.9% |
| Profit (loss) for the period before taxes | 9903 | €4,006 | €42,012 | +€38,005 | +948.6% |
| Income taxes | 67/77 | €2,284 | €11,711 | +€9,427 | +412.6% |
| Profit (loss) for the period | 9904 | €1,722 | €30,301 | +€28,579 | +1659.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,722 | €30,301 | +€28,579 | +1659.8% |
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.