RAYONS: 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.
RAYONS
Largest movements
- Receivables within one year +€527,163
up €527,163 (+64.1%), from €822,164 to €1.3m
of which Trade receivables: +€499,149
- Trade debts +€470,162
up €470,162 (+65.7%), from €715,610 to €1.2m
- Profit (loss) carried forward +€51,307
up €51,307 (+111.4%), from €46,054 to €97,361
- Gross operating margin +€47,848
up €47,848 (+79.7%), from €60,053 to €107,901
- Staff costs +€17,068
up €17,068 (+142.0%), from €12,016 to €29,084
- Other operating charges -€13,958
down €13,958 (-99.7%), from €13,997 to €39
- Taxes +€11,931
up €11,931 (+163.7%), from €7,287 to €19,218
- Financial charges +€1,667
up €1,667 (+440.6%), from €378 to €2,046
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 | €922,617 | €1,460,110 | +€537,493 | +58.3% |
| Fixed assets | 21/28 | €43,610 | €54,992 | +€11,383 | +26.1% |
| Intangible fixed assets | 21 | €20,700 | €18,400 | -€2,300 | -11.1% |
| Tangible fixed assets | 22/27 | €2,910 | €3,002 | +€93 | +3.2% |
| Plant, machinery and equipment | 23 | €2,910 | €336 | -€2,574 | -88.5% |
| Furniture and vehicles | 24 | - | €2,667 | +€2,667 | |
| Financial fixed assets | 28 | €20,000 | €33,590 | +€13,590 | +68.0% |
| Current assets | 29/58 | €879,008 | €1,405,117 | +€526,110 | +59.9% |
| Amounts receivable within one year | 40/41 | €822,164 | €1,349,327 | +€527,163 | +64.1% |
| Trade receivables | 40 | €822,164 | €1,321,313 | +€499,149 | +60.7% |
| Other amounts receivable | 41 | - | €28,014 | +€28,014 | |
| Cash at bank and in hand | 54/58 | €56,802 | €55,790 | -€1,012 | -1.8% |
| Deferred charges and accrued income | 490/1 | €42 | - | -€42 | |
| Total equity and liabilities | 10/49 | €922,617 | €1,460,110 | +€537,493 | +58.3% |
| Equity | 10/15 | €55,365 | €106,672 | +€51,307 | +92.7% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Outside capital | 11 | €8,600 | €8,600 | = | 0.0% |
| Other | 1109/19 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €711 | €711 | = | 0.0% |
| Non-distributable reserves | 130/1 | €711 | €711 | = | 0.0% |
| Reserves not available under the articles | 1311 | €711 | €711 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,054 | €97,361 | +€51,307 | +111.4% |
| Amounts payable | 17/49 | €867,252 | €1,353,438 | +€486,186 | +56.1% |
| Amounts payable within one year | 42/48 | €867,252 | €1,353,438 | +€486,186 | +56.1% |
| Trade debts | 44 | €715,610 | €1,185,772 | +€470,162 | +65.7% |
| Suppliers | 440/4 | €715,610 | €1,185,772 | +€470,162 | +65.7% |
| Advances received on contracts in progress | 46 | €44,163 | €44,163 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €23,891 | €35,000 | +€11,109 | +46.5% |
| Taxes | 450/3 | €16,692 | €27,637 | +€10,946 | +65.6% |
| Remuneration and social security | 454/9 | €7,200 | €7,363 | +€163 | +2.3% |
| Other amounts payable | 47/48 | €83,588 | €88,503 | +€4,915 | +5.9% |
| Remuneration, social security and pensions | 62 | €12,016 | €29,084 | +€17,068 | +142.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,999 | €6,207 | -€792 | -11.3% |
| Other operating charges | 640/8 | €13,997 | €39 | -€13,958 | -99.7% |
| Gross operating margin | 9900 | €60,053 | €107,901 | +€47,848 | +79.7% |
| Operating profit (loss) | 9901 | €27,041 | €72,571 | +€45,530 | +168.4% |
| Financial charges | 65/66B | €378 | €2,046 | +€1,667 | +440.6% |
| Recurring financial charges | 65 | €378 | €2,046 | +€1,667 | +440.6% |
| Profit (loss) for the period before taxes | 9903 | €26,662 | €70,525 | +€43,863 | +164.5% |
| Income taxes | 67/77 | €7,287 | €19,218 | +€11,931 | +163.7% |
| Profit (loss) for the period | 9904 | €19,375 | €51,307 | +€31,932 | +164.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,375 | €51,307 | +€31,932 | +164.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.