BAKKERIJ RAF: 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.
BAKKERIJ RAF
Largest movements
- Cash +€77,966
up €77,966 (+30.1%), from €259,160 to €337,126
mainly Net result for the year (+€128,413) and Other debts (+€102,752)
- Receivables within one year +€11,806
up €11,806 (+473%), from €2,496 to €14,303
of which Other amounts receivable: +€6,207
- Other debts +€102,752
up €102,752 (+1,137%), from €9,034 to €111,787
- Tax, wage and social debts -€31,625
down €31,625 (-49.4%), from €63,980 to €32,355
of which Taxes: -€27,669
- Reserves +€27,375
up €27,375 (+7.8%), from €351,690 to €379,065
of which Distributable reserves: +€29,235
- Trade debts -€7,939
down €7,939 (-36.2%), from €21,958 to €14,019
- Gross operating margin +€18,204
up €18,204 (+5.5%), from €333,827 to €352,031
- Staff costs +€5,305
up €5,305 (+4.4%), from €120,031 to €125,336
- Taxes +€3,669
up €3,669 (+7.2%), from €51,190 to €54,859
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,371 | €555,825 | +€87,454 | +18.7% |
| Fixed assets | 21/28 | €180,115 | €176,922 | -€3,193 | -1.8% |
| Tangible fixed assets | 22/27 | €180,115 | €176,922 | -€3,193 | -1.8% |
| Land and buildings | 22 | €99,127 | €114,390 | +€15,263 | +15.4% |
| Plant, machinery and equipment | 23 | €79,151 | €61,187 | -€17,964 | -22.7% |
| Furniture and vehicles | 24 | €1,837 | €1,345 | -€493 | -26.8% |
| Current assets | 29/58 | €288,256 | €378,903 | +€90,648 | +31.4% |
| Stocks and contracts in progress | 3 | €12,564 | €12,072 | -€493 | -3.9% |
| Stocks | 30/36 | €12,564 | €12,072 | -€493 | -3.9% |
| Amounts receivable within one year | 40/41 | €2,496 | €14,303 | +€11,806 | +473% |
| Trade receivables | 40 | €2,374 | €7,974 | +€5,600 | +236% |
| Other amounts receivable | 41 | €122 | €6,329 | +€6,207 | +5,091% |
| Cash at bank and in hand | 54/58 | €259,160 | €337,126 | +€77,966 | +30.1% |
| Deferred charges and accrued income | 490/1 | €14,035 | €15,403 | +€1,368 | +9.7% |
| Total equity and liabilities | 10/49 | €468,371 | €555,825 | +€87,454 | +18.7% |
| Equity | 10/15 | €370,290 | €397,665 | +€27,375 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €351,690 | €379,065 | +€27,375 | +7.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €349,830 | €379,065 | +€29,235 | +8.4% |
| Amounts payable | 17/49 | €98,081 | €158,161 | +€60,080 | +61.3% |
| Amounts payable within one year | 42/48 | €94,973 | €158,161 | +€63,188 | +66.5% |
| Trade debts | 44 | €21,958 | €14,019 | -€7,939 | -36.2% |
| Suppliers | 440/4 | €21,958 | €14,019 | -€7,939 | -36.2% |
| Taxes, remuneration and social security | 45 | €63,980 | €32,355 | -€31,625 | -49.4% |
| Taxes | 450/3 | €44,337 | €16,668 | -€27,669 | -62.4% |
| Remuneration and social security | 454/9 | €19,643 | €15,687 | -€3,956 | -20.1% |
| Other amounts payable | 47/48 | €9,034 | €111,787 | +€102,752 | +1,137% |
| Accrued charges and deferred income | 492/3 | €3,108 | - | -€3,108 | |
| Remuneration, social security and pensions | 62 | €120,031 | €125,336 | +€5,305 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,170 | €40,778 | +€608 | +1.5% |
| Other operating charges | 640/8 | €6,617 | €6,425 | -€192 | -2.9% |
| Gross operating margin | 9900 | €333,827 | €352,031 | +€18,204 | +5.5% |
| Operating profit (loss) | 9901 | €167,009 | €179,492 | +€12,483 | +7.5% |
| Financial income | 75/76B | €3,357 | €4,108 | +€751 | +22.4% |
| Recurring financial income | 75 | €3,357 | €4,108 | +€751 | +22.4% |
| Financial charges | 65/66B | €407 | €329 | -€78 | -19.3% |
| Recurring financial charges | 65 | €407 | €329 | -€78 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €169,958 | €183,272 | +€13,313 | +7.8% |
| Income taxes | 67/77 | €51,190 | €54,859 | +€3,669 | +7.2% |
| Profit (loss) for the period | 9904 | €118,768 | €128,413 | +€9,645 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €118,768 | €128,413 | +€9,645 | +8.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.