SAUVAGE RAPHAEL: 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.
SAUVAGE RAPHAEL
Largest movements
- Current investments +€99,997
up €99,997 (+34.0%), from €294,339 to €394,336
- Cash +€51,146
up €51,146 (+5.5%), from €923,377 to €974,523
mainly Net result for the year (+€158,288) and Tax, wage and social debts (+€36,701)
- Deferred charges and accrued income +€38,194
up €38,194 (+36.4%), from €105,041 to €143,235
- Tangible fixed assets -€18,724
down €18,724 (-11.0%), from €170,804 to €152,080
of which Land and buildings: -€27,756
- Reserves +€158,288
up €158,288 (+39.0%), from €405,909 to €564,197
of which Distributable reserves: +€158,288
- Tax, wage and social debts +€36,701
up €36,701 (+180%), from €20,419 to €57,120
- Debts after one year -€27,717
down €27,717 (-20.9%), from €132,507 to €104,790
- Gross operating margin +€75,465
up €75,465 (+38.5%), from €195,952 to €271,417
- Taxes +€27,439
up €27,439 (+59.3%), from €46,266 to €73,705
- Financial income +€4,809
up €4,809 (+205%), from €2,351 to €7,160
- Financial charges +€3,817
up €3,817 (+68.0%), from €5,613 to €9,430
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 | €1,493,586 | €1,664,199 | +€170,613 | +11.4% |
| Fixed assets | 21/28 | €170,804 | €152,080 | -€18,724 | -11.0% |
| Tangible fixed assets | 22/27 | €170,804 | €152,080 | -€18,724 | -11.0% |
| Land and buildings | 22 | €155,150 | €127,394 | -€27,756 | -17.9% |
| Plant, machinery and equipment | 23 | €12,188 | €21,657 | +€9,469 | +77.7% |
| Furniture and vehicles | 24 | €3,466 | €3,029 | -€437 | -12.6% |
| Current assets | 29/58 | €1,322,782 | €1,512,119 | +€189,337 | +14.3% |
| Amounts receivable within one year | 40/41 | €25 | €25 | = | 0.0% |
| Other amounts receivable | 41 | €25 | €25 | = | 0.0% |
| Current investments | 50/53 | €294,339 | €394,336 | +€99,997 | +34.0% |
| Cash at bank and in hand | 54/58 | €923,377 | €974,523 | +€51,146 | +5.5% |
| Deferred charges and accrued income | 490/1 | €105,041 | €143,235 | +€38,194 | +36.4% |
| Total equity and liabilities | 10/49 | €1,493,586 | €1,664,199 | +€170,613 | +11.4% |
| Equity | 10/15 | €1,307,261 | €1,465,549 | +€158,288 | +12.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €405,909 | €564,197 | +€158,288 | +39.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €404,669 | €562,957 | +€158,288 | +39.1% |
| Profit (loss) carried forward | 14 | €888,952 | €888,952 | = | 0.0% |
| Amounts payable | 17/49 | €186,325 | €198,650 | +€12,325 | +6.6% |
| Amounts payable after more than one year | 17 | €132,507 | €104,790 | -€27,717 | -20.9% |
| Financial debts | 170/4 | €132,507 | €104,790 | -€27,717 | -20.9% |
| Amounts payable within one year | 42/48 | €53,818 | €91,531 | +€37,713 | +70.1% |
| Current portion of amounts payable after more than one year | 42 | €27,225 | €27,717 | +€492 | +1.8% |
| Financial debts | 43 | - | €426 | +€426 | |
| Credit institutions | 430/8 | - | €426 | +€426 | |
| Trade debts | 44 | €224 | €942 | +€718 | +321% |
| Suppliers | 440/4 | €224 | €942 | +€718 | +321% |
| Taxes, remuneration and social security | 45 | €20,419 | €57,120 | +€36,701 | +180% |
| Taxes | 450/3 | €20,419 | €57,120 | +€36,701 | +180% |
| Other amounts payable | 47/48 | €5,950 | €5,326 | -€624 | -10.5% |
| Accrued charges and deferred income | 492/3 | - | €2,329 | +€2,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,394 | €30,804 | +€410 | +1.3% |
| Other operating charges | 640/8 | €6,166 | €6,204 | +€38 | +0.6% |
| Non-recurring operating charges | 66A | - | €146 | +€146 | |
| Gross operating margin | 9900 | €195,952 | €271,417 | +€75,465 | +38.5% |
| Operating profit (loss) | 9901 | €159,392 | €234,263 | +€74,871 | +47.0% |
| Financial income | 75/76B | €2,351 | €7,160 | +€4,809 | +205% |
| Recurring financial income | 75 | €2,351 | €7,160 | +€4,809 | +205% |
| Financial charges | 65/66B | €5,613 | €9,430 | +€3,817 | +68.0% |
| Recurring financial charges | 65 | €5,613 | €9,430 | +€3,817 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | €156,130 | €231,993 | +€75,863 | +48.6% |
| Income taxes | 67/77 | €46,266 | €73,705 | +€27,439 | +59.3% |
| Profit (loss) for the period | 9904 | €109,864 | €158,288 | +€48,424 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,864 | €158,288 | +€48,424 | +44.1% |
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 19 October 2026 via checked.be.