DOKTER RAF SUY: 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.
DOKTER RAF SUY
Largest movements
- Current investments -€462,078
down €462,078 (-33.1%), from €1.4m to €935,050
- Cash -€21,541
down €21,541 (-5.2%), from €417,271 to €395,730
mainly Other debts (-€611,504) and Accrued charges and deferred income (-€43,709)
- Other debts -€611,504
down €611,504 (-75.6%), from €809,373 to €197,868
- Reserves +€153,474
up €153,474 (+14.3%), from €1.1m to €1.2m
- Accrued charges and deferred income -€43,709
down €43,709 (-68.5%), from €63,770 to €20,061
- Financial charges -€43,151
down €43,151 (-63.3%), from €68,209 to €25,058
- Gross operating margin -€35,624
down €35,624 (-15.4%), from €231,810 to €196,186
- Financial income +€18,232
up €18,232 (+44.5%), from €41,012 to €59,244
of which Financial income: +€21,794
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 | €1,971,348 | €1,467,489 | -€503,858 | -25.6% |
| Fixed assets | 21/28 | €45,696 | €32,695 | -€13,001 | -28.5% |
| Tangible fixed assets | 22/27 | €43,696 | €30,695 | -€13,001 | -29.8% |
| Furniture and vehicles | 24 | €43,475 | €30,695 | -€12,780 | -29.4% |
| Other tangible fixed assets | 26 | €221 | €0 | -€221 | -100% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,925,652 | €1,434,794 | -€490,858 | -25.5% |
| Current investments | 50/53 | €1,397,128 | €935,050 | -€462,078 | -33.1% |
| Cash at bank and in hand | 54/58 | €417,271 | €395,730 | -€21,541 | -5.2% |
| Deferred charges and accrued income | 490/1 | €111,252 | €104,014 | -€7,238 | -6.5% |
| Total equity and liabilities | 10/49 | €1,971,348 | €1,467,489 | -€503,858 | -25.6% |
| Equity | 10/15 | €1,087,465 | €1,240,940 | +€153,474 | +14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,075,065 | €1,228,540 | +€153,474 | +14.3% |
| Distributable reserves | 133 | €1,075,065 | €1,228,540 | +€153,474 | +14.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €883,882 | €226,550 | -€657,333 | -74.4% |
| Amounts payable within one year | 42/48 | €820,112 | €206,488 | -€613,624 | -74.8% |
| Trade debts | 44 | €1,553 | €237 | -€1,316 | -84.8% |
| Suppliers | 440/4 | €1,553 | €237 | -€1,316 | -84.8% |
| Taxes, remuneration and social security | 45 | €9,187 | €8,383 | -€804 | -8.7% |
| Taxes | 450/3 | €7,687 | €6,883 | -€804 | -10.5% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €809,373 | €197,868 | -€611,504 | -75.6% |
| Accrued charges and deferred income | 492/3 | €63,770 | €20,061 | -€43,709 | -68.5% |
| Remuneration, social security and pensions | 62 | €272 | €0 | -€272 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,001 | €13,001 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,085 | €2,209 | +€125 | +6.0% |
| Gross operating margin | 9900 | €231,810 | €196,186 | -€35,624 | -15.4% |
| Operating profit (loss) | 9901 | €216,452 | €180,976 | -€35,476 | -16.4% |
| Financial income | 75/76B | €41,012 | €59,244 | +€18,232 | +44.5% |
| Recurring financial income | 75 | €37,450 | €59,244 | +€21,794 | +58.2% |
| Non-recurring financial income | 76B | €3,562 | €0 | -€3,562 | -100% |
| Financial charges | 65/66B | €68,209 | €25,058 | -€43,151 | -63.3% |
| Recurring financial charges | 65 | €68,209 | €25,058 | -€43,151 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €189,256 | €215,162 | +€25,906 | +13.7% |
| Income taxes | 67/77 | €57,061 | €56,688 | -€373 | -0.7% |
| Profit (loss) for the period | 9904 | €132,195 | €158,474 | +€26,279 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €132,195 | €158,474 | +€26,279 | +19.9% |
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 30 October 2026 via checked.be.