GARAGE RAFFAY: what changed
What changed
GARAGE RAFFAY
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
filed annual accounts (NBB)
Net result for the year
-€5,433
2024 · -€6,000+€568
Equity
€118,153
2024 · €123,586-€5,433
Cash
€73,200
2024 · €45,283+€27,917
Balance sheet total
€205,155
2024 · €211,301-€6,146
Largest movements
Assets
- Stocks and contracts -€31,994
down €31,994 (-29.0%), from €110,357 to €78,363
- Cash +€27,917
up €27,917 (+61.7%), from €45,283 to €73,200
mainly Stocks and contracts (+€31,994) and Depreciation (+€11,301)
- Receivables within one year -€3,911
down €3,911 (-84.5%), from €4,631 to €719
- Tangible fixed assets +€2,289
up €2,289 (+4.9%), from €46,667 to €48,955
of which Plant, machinery and equipment: +€9,153
Equity and liabilities
- Other debts +€9,040
up €9,040 (+19.8%), from €45,615 to €54,654
- Debts after one year -€7,275
down €7,275 (-31.6%), from €23,016 to €15,740
- Profit (loss) carried forward -€5,433
down €5,433 (-90.5%), from -€6,000 to -€11,433
Income statement
- Gross operating margin +€8,882
up €8,882, from -€490 to €8,392
- Depreciation +€2,630
up €2,630 (+30.3%), from €8,670 to €11,301
- Purchases and services +€1,078
up €1,078 (+0.4%), from €286,318 to €287,396
- Financial charges -€929
down €929 (-35.0%), from €2,657 to €1,728
- Staff costs +€805
no longer reported in 2025 (was -€805)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€6,000
Gross operating margin
+€8,882
Staff costs
-€805
Depreciation
-€2,630
Other operating charges
+€127
Financial income
-€427
Financial charges
+€929
Taxes
+€278
Deferred taxes and other
-€5,785
Result 2025
-€5,433
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49,995
Investment
-€13,590
Financing
-€8,488
Cash 2024
€45,283
From operations (derived)
+€49,995
Net result for the year
-€5,433
Depreciation
+€11,301
Stocks and contracts
+€31,994
Receivables within one year
+€3,911
Deferred charges and accrued income
+€447
Trade debts
-€1,032
Tax, wage and social debts
-€232
Other debts
+€9,040
Investment (derived)
-€13,590
Investment in fixed assets (net)
-€13,590
Financing
-€8,488
Debts after one year
-€7,275
Current portion of long-term debt
-€1,062
Short-term financial debts
-€151
Cash 2025
€73,200
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,301 | €205,155 | -€6,146 | -2.9% |
| Fixed assets | 21/28 | €47,292 | €49,581 | +€2,289 | +4.8% |
| Tangible fixed assets | 22/27 | €46,667 | €48,955 | +€2,289 | +4.9% |
| Plant, machinery and equipment | 23 | €13,234 | €22,387 | +€9,153 | +69.2% |
| Furniture and vehicles | 24 | €33,433 | €26,569 | -€6,864 | -20.5% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €164,009 | €155,574 | -€8,435 | -5.1% |
| Stocks and contracts in progress | 3 | €110,357 | €78,363 | -€31,994 | -29.0% |
| Stocks | 30/36 | €110,357 | €78,363 | -€31,994 | -29.0% |
| Amounts receivable within one year | 40/41 | €4,631 | €719 | -€3,911 | -84.5% |
| Trade receivables | 40 | €4,631 | €719 | -€3,911 | -84.5% |
| Cash at bank and in hand | 54/58 | €45,283 | €73,200 | +€27,917 | +61.7% |
| Deferred charges and accrued income | 490/1 | €3,739 | €3,292 | -€447 | -12.0% |
| Total equity and liabilities | 10/49 | €211,301 | €205,155 | -€6,146 | -2.9% |
| Equity | 10/15 | €123,586 | €118,153 | -€5,433 | -4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €110,994 | €110,994 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,799 | €3,799 | = | 0.0% |
| Distributable reserves | 133 | €107,195 | €107,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,000 | -€11,433 | -€5,433 | -90.5% |
| Amounts payable | 17/49 | €87,715 | €87,002 | -€713 | -0.8% |
| Amounts payable after more than one year | 17 | €23,016 | €15,740 | -€7,275 | -31.6% |
| Financial debts | 170/4 | €23,016 | €15,740 | -€7,275 | -31.6% |
| Amounts payable within one year | 42/48 | €64,699 | €71,261 | +€6,562 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €8,337 | €7,275 | -€1,062 | -12.7% |
| Financial debts | 43 | €6,151 | €6,000 | -€151 | -2.5% |
| Credit institutions | 430/8 | €6,000 | €6,000 | = | 0.0% |
| Other loans | 439 | €151 | - | -€151 | |
| Trade debts | 44 | €2,943 | €1,911 | -€1,032 | -35.1% |
| Suppliers | 440/4 | €2,943 | €1,911 | -€1,032 | -35.1% |
| Taxes, remuneration and social security | 45 | €1,654 | €1,421 | -€232 | -14.1% |
| Taxes | 450/3 | €1,654 | €1,421 | -€232 | -14.1% |
| Other amounts payable | 47/48 | €45,615 | €54,654 | +€9,040 | +19.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €286,318 | €287,396 | +€1,078 | +0.4% |
| Remuneration, social security and pensions | 62 | -€805 | - | +€805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,670 | €11,301 | +€2,630 | +30.3% |
| Other operating charges | 640/8 | €923 | €796 | -€127 | -13.8% |
| Gross operating margin | 9900 | -€490 | €8,392 | +€8,882 | |
| Operating profit (loss) | 9901 | -€9,279 | -€3,705 | +€5,574 | +60.1% |
| Financial income | 75/76B | €428 | €0 | -€427 | -100.0% |
| Recurring financial income | 75 | €428 | €0 | -€427 | -100.0% |
| Financial charges | 65/66B | €2,657 | €1,728 | -€929 | -35.0% |
| Recurring financial charges | 65 | €2,657 | €1,728 | -€929 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,508 | -€5,433 | +€6,075 | +52.8% |
| Transfer from deferred taxes | 780 | €5,785 | - | -€5,785 | |
| Income taxes | 67/77 | €278 | - | -€278 | |
| Profit (loss) for the period | 9904 | -€6,000 | -€5,433 | +€568 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,000 | -€5,433 | +€568 | +9.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.