dRF Finances: 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.
dRF Finances
Largest movements
- Tangible fixed assets -€58,338
down €58,338 (-12.7%), from €461,013 to €402,675
- Intangible fixed assets -€15,145
down €15,145 (-15.1%), from €100,291 to €85,146
- Profit (loss) carried forward -€35,379
down €35,379, from €4,950 to -€30,429
- Debts after one year -€21,533
down €21,533 (-10.3%), from €209,349 to €187,816
of which Financial debts: -€21,533
- Trade debts -€14,679
down €14,679 (-76.8%), from €19,101 to €4,422
- Other debts +€10,998
up €10,998 (+17.7%), from €62,225 to €73,223
- Tax, wage and social debts -€8,424
down €8,424 (-94.7%), from €8,894 to €471
- Gross operating margin +€46,335
up €46,335 (+332%), from €13,974 to €60,309
- Other operating charges +€5,239
up €5,239 (+67.4%), from €7,771 to €13,010
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 | €587,684 | €510,736 | -€76,949 | -13.1% |
| Fixed assets | 21/28 | €563,804 | €490,320 | -€73,484 | -13.0% |
| Intangible fixed assets | 21 | €100,291 | €85,146 | -€15,145 | -15.1% |
| Tangible fixed assets | 22/27 | €461,013 | €402,675 | -€58,338 | -12.7% |
| Land and buildings | 22 | €190,589 | €173,985 | -€16,605 | -8.7% |
| Plant, machinery and equipment | 23 | €205,426 | €176,836 | -€28,590 | -13.9% |
| Furniture and vehicles | 24 | €64,998 | €51,854 | -€13,144 | -20.2% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €23,881 | €20,415 | -€3,465 | -14.5% |
| Amounts receivable within one year | 40/41 | €732 | - | -€732 | |
| Trade receivables | 40 | €732 | - | -€732 | |
| Cash at bank and in hand | 54/58 | €8,744 | €6,724 | -€2,021 | -23.1% |
| Deferred charges and accrued income | 490/1 | €14,404 | €13,692 | -€713 | -4.9% |
| Total equity and liabilities | 10/49 | €587,684 | €510,736 | -€76,949 | -13.1% |
| Equity | 10/15 | €257,450 | €222,071 | -€35,379 | -13.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €182,500 | €182,500 | = | 0.0% |
| Distributable reserves | 133 | €182,500 | €182,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,950 | -€30,429 | -€35,379 | |
| Amounts payable | 17/49 | €330,235 | €288,665 | -€41,570 | -12.6% |
| Amounts payable after more than one year | 17 | €209,349 | €187,816 | -€21,533 | -10.3% |
| Financial debts | 170/4 | €179,349 | €157,816 | -€21,533 | -12.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,686 | €99,649 | -€20,037 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €29,465 | €21,533 | -€7,932 | -26.9% |
| Trade debts | 44 | €19,101 | €4,422 | -€14,679 | -76.8% |
| Suppliers | 440/4 | €19,101 | €4,422 | -€14,679 | -76.8% |
| Taxes, remuneration and social security | 45 | €8,894 | €471 | -€8,424 | -94.7% |
| Taxes | 450/3 | €8,894 | €471 | -€8,424 | -94.7% |
| Other amounts payable | 47/48 | €62,225 | €73,223 | +€10,998 | +17.7% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,053 | €79,159 | +€106 | +0.1% |
| Other operating charges | 640/8 | €7,771 | €13,010 | +€5,239 | +67.4% |
| Gross operating margin | 9900 | €13,974 | €60,309 | +€46,335 | +332% |
| Operating profit (loss) | 9901 | -€72,851 | -€31,860 | +€40,991 | +56.3% |
| Financial charges | 65/66B | €3,605 | €3,289 | -€317 | -8.8% |
| Recurring financial charges | 65 | €3,605 | €3,289 | -€317 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€76,456 | -€35,149 | +€41,308 | +54.0% |
| Income taxes | 67/77 | €240 | €230 | -€10 | -4.1% |
| Profit (loss) for the period | 9904 | -€76,697 | -€35,379 | +€41,318 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,697 | -€35,379 | +€41,318 | +53.9% |
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 16 October 2026 via checked.be.