CUSTERS 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.
CUSTERS RAF
Largest movements
- Tangible fixed assets +€38,458
up €38,458 (+106%), from €36,262 to €74,720
of which Other tangible fixed assets: +€25,855
- Receivables within one year +€25,142
up €25,142 (+20.4%), from €123,120 to €148,262
of which Trade receivables: +€21,624
- Deferred charges and accrued income +€18,028
up €18,028 (+309%), from €5,842 to €23,870
- Receivables after one year -€12,956
down €12,956 (-2.2%), from €582,123 to €569,167
- Cash -€11,721
down €11,721 (-12.9%), from €91,018 to €79,298
mainly Debts after one year (-€50,646) and Investment in fixed assets (net) (-€50,083)
- Reserves +€82,700
up €82,700 (+11.9%), from €692,804 to €775,504
of which Distributable reserves: +€82,700
- Other debts +€51,269
up €51,269 (+321%), from €15,982 to €67,251
- Debts after one year -€50,646
down €50,646 (-100%), from €50,646 to €0
- Trade debts -€24,238
down €24,238 (-91.7%), from €26,435 to €2,197
- Gross operating margin +€44,142
up €44,142 (+33.5%), from €131,615 to €175,757
- Taxes +€11,862
up €11,862 (+50.4%), from €23,538 to €35,400
- Depreciation +€4,304
up €4,304 (+58.8%), from €7,322 to €11,625
- Staff costs +€2,965
up €2,965 (+6.6%), from €45,037 to €48,002
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 | €838,365 | €895,317 | +€56,951 | +6.8% |
| Fixed assets | 21/28 | €36,262 | €74,720 | +€38,458 | +106% |
| Tangible fixed assets | 22/27 | €36,262 | €74,720 | +€38,458 | +106% |
| Plant, machinery and equipment | 23 | €2,272 | €1,523 | -€749 | -33.0% |
| Furniture and vehicles | 24 | €17,124 | €30,476 | +€13,352 | +78.0% |
| Other tangible fixed assets | 26 | €16,866 | €42,721 | +€25,855 | +153% |
| Current assets | 29/58 | €802,103 | €820,596 | +€18,493 | +2.3% |
| Amounts receivable after more than one year | 29 | €582,123 | €569,167 | -€12,956 | -2.2% |
| Other amounts receivable | 291 | €582,123 | €569,167 | -€12,956 | -2.2% |
| Amounts receivable within one year | 40/41 | €123,120 | €148,262 | +€25,142 | +20.4% |
| Trade receivables | 40 | €123,120 | €144,744 | +€21,624 | +17.6% |
| Other amounts receivable | 41 | €0 | €3,517 | +€3,517 | |
| Cash at bank and in hand | 54/58 | €91,018 | €79,298 | -€11,721 | -12.9% |
| Deferred charges and accrued income | 490/1 | €5,842 | €23,870 | +€18,028 | +309% |
| Total equity and liabilities | 10/49 | €838,365 | €895,317 | +€56,951 | +6.8% |
| Equity | 10/15 | €699,004 | €781,704 | +€82,700 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €692,804 | €775,504 | +€82,700 | +11.9% |
| Tax-exempt reserves | 132 | €8,867 | €8,867 | = | 0.0% |
| Distributable reserves | 133 | €683,937 | €766,637 | +€82,700 | +12.1% |
| Amounts payable | 17/49 | €139,362 | €113,613 | -€25,749 | -18.5% |
| Amounts payable after more than one year | 17 | €50,646 | €0 | -€50,646 | -100% |
| Other amounts payable | 178/9 | €50,646 | €0 | -€50,646 | -100% |
| Amounts payable within one year | 42/48 | €88,716 | €113,613 | +€24,897 | +28.1% |
| Trade debts | 44 | €26,435 | €2,197 | -€24,238 | -91.7% |
| Suppliers | 440/4 | €26,435 | €2,197 | -€24,238 | -91.7% |
| Taxes, remuneration and social security | 45 | €46,299 | €44,165 | -€2,135 | -4.6% |
| Taxes | 450/3 | €32,086 | €27,154 | -€4,932 | -15.4% |
| Remuneration and social security | 454/9 | €14,214 | €17,011 | +€2,797 | +19.7% |
| Other amounts payable | 47/48 | €15,982 | €67,251 | +€51,269 | +321% |
| Non-recurring operating income | 76A | €874 | €17,767 | +€16,893 | +1,932% |
| Remuneration, social security and pensions | 62 | €45,037 | €48,002 | +€2,965 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,322 | €11,625 | +€4,304 | +58.8% |
| Other operating charges | 640/8 | €1,901 | €3,290 | +€1,389 | +73.1% |
| Non-recurring operating charges | 66A | €204 | €0 | -€204 | -100% |
| Gross operating margin | 9900 | €131,615 | €175,757 | +€44,142 | +33.5% |
| Operating profit (loss) | 9901 | €77,152 | €112,840 | +€35,688 | +46.3% |
| Financial income | 75/76B | €6,545 | €6,901 | +€356 | +5.4% |
| Recurring financial income | 75 | €6,545 | €6,901 | +€356 | +5.4% |
| Financial charges | 65/66B | €611 | €1,640 | +€1,029 | +168% |
| Recurring financial charges | 65 | €611 | €1,640 | +€1,029 | +168% |
| Profit (loss) for the period before taxes | 9903 | €83,086 | €118,101 | +€35,015 | +42.1% |
| Income taxes | 67/77 | €23,538 | €35,400 | +€11,862 | +50.4% |
| Profit (loss) for the period | 9904 | €59,547 | €82,700 | +€23,153 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,547 | €82,700 | +€23,153 | +38.9% |
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 14 October 2026 via checked.be.