LA RAFALE: what changed
Two fiscal 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.
LA RAFALE
Largest movements
- Cash +€3,051
up €3,051 (+315.8%), from €966 to €4,017
mainly Contributions, distributions and other (+€3,074) and Other debts (+€1,150)
- Stocks and contracts -€851
down €851 (-30.9%), from €2,752 to €1,901
- Tangible fixed assets -€471
down €471 (-26.8%), from €1,757 to €1,286
- Receivables within one year -€344
down €344 (-46.8%), from €735 to €391
- Profit (loss) carried forward +€3,094
up €3,094 (+52.0%), from -€5,952 to -€2,858
- Trade debts -€1,448
down €1,448 (-25.2%), from €5,750 to €4,302
- Tax, wage and social debts -€1,411
no longer reported in 2025 (was €1,411)
of which Remuneration and social security: -€1,150
- Other debts +€1,150
new in 2025: €1,150
- Other operating charges +€3,600
up €3,600 (+294.5%), from €1,222 to €4,822
- Gross operating margin -€2,036
down €2,036 (-22.0%), from €9,244 to €7,208
- Staff costs -€787
down €787 (-28.9%), from €2,720 to €1,933
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.
Cash bridge derived
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 | €6,210 | €7,594 | +€1,384 | +22.3% |
| Fixed assets | 21/28 | €1,757 | €1,286 | -€471 | -26.8% |
| Tangible fixed assets | 22/27 | €1,757 | €1,286 | -€471 | -26.8% |
| Other tangible fixed assets | 26 | €1,757 | €1,286 | -€471 | -26.8% |
| Current assets | 29/58 | €4,453 | €6,308 | +€1,855 | +41.7% |
| Stocks and contracts in progress | 3 | €2,752 | €1,901 | -€851 | -30.9% |
| Stocks | 30/36 | €2,752 | €1,901 | -€851 | -30.9% |
| Amounts receivable within one year | 40/41 | €735 | €391 | -€344 | -46.8% |
| Other amounts receivable | 41 | €735 | €391 | -€344 | -46.8% |
| Cash at bank and in hand | 54/58 | €966 | €4,017 | +€3,051 | +315.8% |
| Total equity and liabilities | 10/49 | €6,210 | €7,594 | +€1,384 | +22.3% |
| Equity | 10/15 | -€952 | €2,142 | +€3,094 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,952 | -€2,858 | +€3,094 | +52.0% |
| Amounts payable | 17/49 | €7,161 | €5,452 | -€1,710 | -23.9% |
| Amounts payable within one year | 42/48 | €7,161 | €5,452 | -€1,710 | -23.9% |
| Trade debts | 44 | €5,750 | €4,302 | -€1,448 | -25.2% |
| Suppliers | 440/4 | €5,750 | €4,302 | -€1,448 | -25.2% |
| Taxes, remuneration and social security | 45 | €1,411 | - | -€1,411 | |
| Taxes | 450/3 | €261 | - | -€261 | |
| Remuneration and social security | 454/9 | €1,150 | - | -€1,150 | |
| Other amounts payable | 47/48 | - | €1,150 | +€1,150 | |
| Remuneration, social security and pensions | 62 | €2,720 | €1,933 | -€787 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €236 | +€36 | +17.9% |
| Other operating charges | 640/8 | €1,222 | €4,822 | +€3,600 | +294.5% |
| Gross operating margin | 9900 | €9,244 | €7,208 | -€2,036 | -22.0% |
| Operating profit (loss) | 9901 | €5,102 | €218 | -€4,884 | -95.7% |
| Financial charges | 65/66B | €121 | €198 | +€77 | +63.4% |
| Recurring financial charges | 65 | €121 | €198 | +€77 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €4,981 | €20 | -€4,961 | -99.6% |
| Profit (loss) for the period | 9904 | €4,981 | €20 | -€4,961 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,981 | €20 | -€4,961 | -99.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.