RAZZAN: 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.
RAZZAN
Largest movements
- Receivables within one year +€89,627
up €89,627 (+306%), from €29,299 to €118,926
of which Trade receivables: +€73,383
- Cash -€13,106
down €13,106 (-58.7%), from €22,309 to €9,203
mainly Receivables within one year (-€89,627) and Investment in fixed assets (net) (-€3,729)
- Tangible fixed assets +€2,866
up €2,866 (+266%), from €1,078 to €3,944
- Stocks and contracts +€2,188
up €2,188 (+191%), from €1,144 to €3,331
- Trade debts +€65,530
up €65,530 (+272%), from €24,075 to €89,605
- Profit (loss) carried forward +€10,374
up €10,374 (+127%), from €8,199 to €18,573
- Tax, wage and social debts +€6,215
up €6,215 (+213%), from €2,911 to €9,126
of which Taxes: +€6,499
- Gross operating margin +€5,419
up €5,419 (+27.6%), from €19,633 to €25,052
- Staff costs -€3,824
down €3,824 (-35.3%), from €10,848 to €7,024
- Other operating charges +€2,944
new in 2023: €2,944
- Taxes +€2,651
new in 2023: €2,651
- Depreciation +€825
up €825 (+2,176%), from €38 to €863
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,830 | €135,404 | +€81,574 | +152% |
| Fixed assets | 21/28 | €1,078 | €3,944 | +€2,866 | +266% |
| Tangible fixed assets | 22/27 | €1,078 | €3,944 | +€2,866 | +266% |
| Plant, machinery and equipment | 23 | €1,078 | €3,944 | +€2,866 | +266% |
| Current assets | 29/58 | €52,752 | €131,460 | +€78,708 | +149% |
| Stocks and contracts in progress | 3 | €1,144 | €3,331 | +€2,188 | +191% |
| Stocks | 30/36 | €1,144 | €3,331 | +€2,188 | +191% |
| Amounts receivable within one year | 40/41 | €29,299 | €118,926 | +€89,627 | +306% |
| Trade receivables | 40 | €29,299 | €102,682 | +€73,383 | +250% |
| Other amounts receivable | 41 | - | €16,244 | +€16,244 | |
| Cash at bank and in hand | 54/58 | €22,309 | €9,203 | -€13,106 | -58.7% |
| Total equity and liabilities | 10/49 | €53,830 | €135,404 | +€81,574 | +152% |
| Equity | 10/15 | €26,299 | €36,673 | +€10,374 | +39.4% |
| Contributions | 10/11 | €18,100 | €18,100 | = | 0.0% |
| Contributions outside capital | 11 | €18,100 | €18,100 | = | 0.0% |
| Other | 1109/19 | €18,100 | €18,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,199 | €18,573 | +€10,374 | +127% |
| Amounts payable | 17/49 | €27,531 | €98,731 | +€71,200 | +259% |
| Amounts payable within one year | 42/48 | €27,531 | €98,731 | +€71,200 | +259% |
| Trade debts | 44 | €24,075 | €89,605 | +€65,530 | +272% |
| Suppliers | 440/4 | €24,075 | €89,605 | +€65,530 | +272% |
| Taxes, remuneration and social security | 45 | €2,911 | €9,126 | +€6,215 | +213% |
| Taxes | 450/3 | €922 | €7,421 | +€6,499 | +705% |
| Remuneration and social security | 454/9 | €1,989 | €1,704 | -€285 | -14.3% |
| Other amounts payable | 47/48 | €545 | - | -€545 | |
| Remuneration, social security and pensions | 62 | €10,848 | €7,024 | -€3,824 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38 | €863 | +€825 | +2,176% |
| Other operating charges | 640/8 | - | €2,944 | +€2,944 | |
| Gross operating margin | 9900 | €19,633 | €25,052 | +€5,419 | +27.6% |
| Operating profit (loss) | 9901 | €8,748 | €14,221 | +€5,474 | +62.6% |
| Financial charges | 65/66B | €1,124 | €1,197 | +€73 | +6.5% |
| Recurring financial charges | 65 | €1,124 | €1,197 | +€73 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €7,624 | €13,025 | +€5,400 | +70.8% |
| Income taxes | 67/77 | - | €2,651 | +€2,651 | |
| Profit (loss) for the period | 9904 | €7,624 | €10,374 | +€2,750 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,624 | €10,374 | +€2,750 | +36.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.