RAZI: 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.
RAZI
Largest movements
- Receivables within one year -€124,243
down €124,243 (-80.1%), from €155,021 to €30,779
of which Other amounts receivable: -€130,905
- Cash -€4,763
down €4,763 (-99.3%), from €4,798 to €35
mainly Contributions, distributions and other (-€180,000) and Trade debts (-€8,901)
- Profit (loss) carried forward -€174,351
down €174,351 (-96.7%), from €180,214 to €5,863
- Tax, wage and social debts +€56,784
up €56,784 (+2,856%), from €1,988 to €58,772
of which Taxes: +€57,366
- Trade debts -€8,901
down €8,901 (-87.3%), from €10,193 to €1,292
- Advances received -€2,538
no longer reported in 2024 (was €2,538)
- Gross operating margin +€5,916
up €5,916, from -€2,862 to €3,055
- Taxes +€1,412
up €1,412 (+269%), from €525 to €1,937
- Other operating charges -€411
down €411 (-51.5%), from €798 to €387
- Financial income -€247
down €247 (-4.6%), from €5,341 to €5,094
- Financial charges -€197
down €197 (-53.0%), from €371 to €174
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,192 | €80,187 | -€129,006 | -61.7% |
| Fixed assets | 21/28 | €49,373 | €49,373 | = | 0.0% |
| Financial fixed assets | 28 | €49,373 | €49,373 | = | 0.0% |
| Current assets | 29/58 | €159,820 | €30,814 | -€129,006 | -80.7% |
| Amounts receivable within one year | 40/41 | €155,021 | €30,779 | -€124,243 | -80.1% |
| Trade receivables | 40 | - | €6,662 | +€6,662 | |
| Other amounts receivable | 41 | €155,021 | €24,117 | -€130,905 | -84.4% |
| Cash at bank and in hand | 54/58 | €4,798 | €35 | -€4,763 | -99.3% |
| Total equity and liabilities | 10/49 | €209,192 | €80,187 | -€129,006 | -61.7% |
| Equity | 10/15 | €194,474 | €20,123 | -€174,351 | -89.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Capital | 10 | €14,260 | - | -€14,260 | |
| Issued capital | 100 | €14,260 | - | -€14,260 | |
| Contributions outside capital | 11 | - | €14,260 | +€14,260 | |
| Other | 1109/19 | - | €14,260 | +€14,260 | |
| Profit (loss) carried forward | 14 | €180,214 | €5,863 | -€174,351 | -96.7% |
| Amounts payable | 17/49 | €14,719 | €60,064 | +€45,345 | +308% |
| Amounts payable within one year | 42/48 | €14,719 | €60,064 | +€45,345 | +308% |
| Trade debts | 44 | €10,193 | €1,292 | -€8,901 | -87.3% |
| Suppliers | 440/4 | €10,193 | €1,292 | -€8,901 | -87.3% |
| Advances received on contracts in progress | 46 | €2,538 | - | -€2,538 | |
| Taxes, remuneration and social security | 45 | €1,988 | €58,772 | +€56,784 | +2,856% |
| Taxes | 450/3 | €1,406 | €58,772 | +€57,366 | +4,080% |
| Remuneration and social security | 454/9 | €582 | - | -€582 | |
| Other operating charges | 640/8 | €798 | €387 | -€411 | -51.5% |
| Gross operating margin | 9900 | -€2,862 | €3,055 | +€5,916 | |
| Operating profit (loss) | 9901 | -€3,660 | €2,667 | +€6,327 | |
| Financial income | 75/76B | €5,341 | €5,094 | -€247 | -4.6% |
| Recurring financial income | 75 | €5,341 | €5,094 | -€247 | -4.6% |
| Financial charges | 65/66B | €371 | €174 | -€197 | -53.0% |
| Recurring financial charges | 65 | €371 | €174 | -€197 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €1,309 | €7,586 | +€6,277 | +479% |
| Income taxes | 67/77 | €525 | €1,937 | +€1,412 | +269% |
| Profit (loss) for the period | 9904 | €784 | €5,649 | +€4,865 | +620% |
| Profit (loss) for the period to be appropriated | 9905 | €784 | €5,649 | +€4,865 | +620% |
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 20 October 2026 via checked.be.