RAZA & BROTHERS: what changed
RAZA & BROTHERS
Largest movements
- Cash -€11,948
down €11,948 (-83.1%), from €14,379 to €2,431
mainly Trade debts (-€18,378) and Investment in fixed assets (net) (-€4,547)
- Stocks and contracts -€4,717
down €4,717 (-22.7%), from €20,794 to €16,077
- Tangible fixed assets +€2,371
up €2,371 (+69.8%), from €3,397 to €5,768
- Trade debts -€18,378
down €18,378 (-96.1%), from €19,125 to €747
- Other debts +€3,753
up €3,753 (+7.6%), from €49,275 to €53,027
- Profit (loss) carried forward +€2,793
up €2,793 (+5.6%), from -€49,843 to -€47,049
- Tax, wage and social debts -€2,020
down €2,020 (-86.3%), from €2,341 to €321
- Gross operating margin -€3,947
down €3,947 (-31.6%), from €12,476 to €8,529
- Financial charges -€1,542
down €1,542 (-38.6%), from €3,991 to €2,448
- Other operating charges +€705
up €705 (+77.3%), from €912 to €1,617
- Financial income +€482
up €482 (+2,089%), from €23 to €505
- Depreciation +€344
up €344 (+18.8%), from €1,832 to €2,176
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,788 | €32,936 | -€13,852 | -29.6% |
| Fixed assets | 21/28 | €3,695 | €6,066 | +€2,371 | +64.2% |
| Tangible fixed assets | 22/27 | €3,397 | €5,768 | +€2,371 | +69.8% |
| Furniture and vehicles | 24 | €3,397 | €5,768 | +€2,371 | +69.8% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €43,093 | €26,870 | -€16,223 | -37.6% |
| Stocks and contracts in progress | 3 | €20,794 | €16,077 | -€4,717 | -22.7% |
| Stocks | 30/36 | €20,794 | €16,077 | -€4,717 | -22.7% |
| Amounts receivable within one year | 40/41 | €7,920 | €8,362 | +€442 | +5.6% |
| Other amounts receivable | 41 | €7,920 | €8,362 | +€442 | +5.6% |
| Cash at bank and in hand | 54/58 | €14,379 | €2,431 | -€11,948 | -83.1% |
| Total equity and liabilities | 10/49 | €46,788 | €32,936 | -€13,852 | -29.6% |
| Equity | 10/15 | -€23,953 | -€21,160 | +€2,793 | +11.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,890 | €5,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,640 | €4,640 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,640 | €4,640 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,843 | -€47,049 | +€2,793 | +5.6% |
| Amounts payable | 17/49 | €70,740 | €54,096 | -€16,645 | -23.5% |
| Amounts payable within one year | 42/48 | €70,740 | €54,096 | -€16,645 | -23.5% |
| Trade debts | 44 | €19,125 | €747 | -€18,378 | -96.1% |
| Suppliers | 440/4 | €19,125 | €747 | -€18,378 | -96.1% |
| Taxes, remuneration and social security | 45 | €2,341 | €321 | -€2,020 | -86.3% |
| Taxes | 450/3 | €2,341 | €321 | -€2,020 | -86.3% |
| Other amounts payable | 47/48 | €49,275 | €53,027 | +€3,753 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,832 | €2,176 | +€344 | +18.8% |
| Other operating charges | 640/8 | €912 | €1,617 | +€705 | +77.3% |
| Gross operating margin | 9900 | €12,476 | €8,529 | -€3,947 | -31.6% |
| Operating profit (loss) | 9901 | €9,732 | €4,736 | -€4,996 | -51.3% |
| Financial income | 75/76B | €23 | €505 | +€482 | +2,089% |
| Recurring financial income | 75 | €23 | €505 | +€482 | +2,089% |
| Financial charges | 65/66B | €3,991 | €2,448 | -€1,542 | -38.6% |
| Recurring financial charges | 65 | €3,991 | €2,448 | -€1,542 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €5,765 | €2,793 | -€2,971 | -51.5% |
| Profit (loss) for the period | 9904 | €5,765 | €2,793 | -€2,971 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,765 | €2,793 | -€2,971 | -51.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.