RAYAN'S: 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.
RAYAN'S
Largest movements
- Cash +€46,662
up €46,662 (+974%), from €4,789 to €51,451
mainly Net result for the year (+€66,356) and Depreciation (+€29,988)
- Intangible fixed assets +€30,000
up €30,000 (+100%), from €30,000 to €60,000
- Tangible fixed assets -€29,988
down €29,988 (-35.0%), from €85,592 to €55,604
of which Furniture and vehicles: -€28,060
- Receivables within one year -€12,333
down €12,333 (-2.5%), from €488,120 to €475,787
of which Trade receivables: -€76,666
- Profit (loss) carried forward +€66,356
up €66,356 (+26.1%), from €254,542 to €320,898
- Trade debts -€26,860
down €26,860 (-12.9%), from €207,945 to €181,085
- Tax, wage and social debts -€9,032
down €9,032 (-12.7%), from €71,267 to €62,235
of which Remuneration and social security: -€6,348
- Staff costs -€36,875
down €36,875 (-11.3%), from €325,813 to €288,939
- Other operating charges -€21,277
down €21,277 (-60.9%), from €34,918 to €13,641
- Depreciation +€6,034
up €6,034 (+25.2%), from €23,955 to €29,988
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.
Derived cash bridge
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 | €614,254 | €644,718 | +€30,464 | +5.0% |
| Fixed assets | 21/28 | €117,436 | €117,448 | +€12 | 0.0% |
| Intangible fixed assets | 21 | €30,000 | €60,000 | +€30,000 | +100% |
| Tangible fixed assets | 22/27 | €85,592 | €55,604 | -€29,988 | -35.0% |
| Plant, machinery and equipment | 23 | €4,736 | €2,808 | -€1,928 | -40.7% |
| Furniture and vehicles | 24 | €80,856 | €52,796 | -€28,060 | -34.7% |
| Financial fixed assets | 28 | €1,844 | €1,844 | = | 0.0% |
| Current assets | 29/58 | €496,818 | €527,270 | +€30,452 | +6.1% |
| Amounts receivable within one year | 40/41 | €488,120 | €475,787 | -€12,333 | -2.5% |
| Trade receivables | 40 | €125,273 | €48,607 | -€76,666 | -61.2% |
| Other amounts receivable | 41 | €362,847 | €427,180 | +€64,333 | +17.7% |
| Cash at bank and in hand | 54/58 | €4,789 | €51,451 | +€46,662 | +974% |
| Deferred charges and accrued income | 490/1 | €3,908 | €32 | -€3,876 | -99.2% |
| Total equity and liabilities | 10/49 | €614,254 | €644,718 | +€30,464 | +5.0% |
| Equity | 10/15 | €315,042 | €381,398 | +€66,356 | +21.1% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €5,500 | €5,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,500 | €5,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,542 | €320,898 | +€66,356 | +26.1% |
| Amounts payable | 17/49 | €299,213 | €263,320 | -€35,893 | -12.0% |
| Amounts payable within one year | 42/48 | €299,213 | €263,320 | -€35,893 | -12.0% |
| Trade debts | 44 | €207,945 | €181,085 | -€26,860 | -12.9% |
| Suppliers | 440/4 | €207,945 | €181,085 | -€26,860 | -12.9% |
| Taxes, remuneration and social security | 45 | €71,267 | €62,235 | -€9,032 | -12.7% |
| Taxes | 450/3 | €47,092 | €44,408 | -€2,684 | -5.7% |
| Remuneration and social security | 454/9 | €24,175 | €17,827 | -€6,348 | -26.3% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €325,813 | €288,939 | -€36,875 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,955 | €29,988 | +€6,034 | +25.2% |
| Other operating charges | 640/8 | €34,918 | €13,641 | -€21,277 | -60.9% |
| Gross operating margin | 9900 | €422,941 | €425,909 | +€2,968 | +0.7% |
| Operating profit (loss) | 9901 | €38,256 | €93,341 | +€55,086 | +144% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €380 | €608 | +€228 | +60.1% |
| Recurring financial charges | 65 | €380 | €608 | +€228 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €37,884 | €92,733 | +€54,849 | +145% |
| Income taxes | 67/77 | €26,556 | €26,377 | -€179 | -0.7% |
| Profit (loss) for the period | 9904 | €11,328 | €66,356 | +€55,028 | +486% |
| Profit (loss) for the period to be appropriated | 9905 | €11,328 | €66,356 | +€55,028 | +486% |
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 17 October 2026 via checked.be.