RAF BEENDERS: what changed
RAF BEENDERS
Largest movements
- Cash +€24,047
up €24,047 (+309%), from €7,779 to €31,826
mainly Depreciation (+€15,492) and Receivables within one year (+€10,279)
- Receivables within one year -€10,279
down €10,279 (-49.0%), from €20,970 to €10,691
of which Trade receivables: -€14,418
- Deferred charges and accrued income -€7,392
down €7,392 (-94.1%), from €7,852 to €460
- Tangible fixed assets +€6,925
up €6,925 (+25.0%), from €27,645 to €34,570
of which Furniture and vehicles: +€9,528
- Debts after one year +€7,637
up €7,637 (+56.3%), from €13,553 to €21,190
- Tax, wage and social debts +€3,508
up €3,508 (+63.1%), from €5,560 to €9,067
of which Taxes: +€2,559
- Trade debts +€2,010
up €2,010 (+153%), from €1,315 to €3,325
- Profit (loss) carried forward +€1,767
up €1,767 (+10.5%), from €16,891 to €18,658
- Current portion of long-term debt -€1,621
down €1,621 (-12.6%), from €12,872 to €11,251
- Gross operating margin +€4,861
up €4,861 (+24.3%), from €20,009 to €24,870
- Staff costs +€4,409
up €4,409 (+4,516%), from €98 to €4,507
- Other operating charges -€1,268
down €1,268 (-50.1%), from €2,530 to €1,262
- Depreciation +€1,125
up €1,125 (+7.8%), from €14,367 to €15,492
- Financial charges +€548
up €548 (+44.4%), from €1,233 to €1,781
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,246 | €77,546 | +€13,301 | +20.7% |
| Fixed assets | 21/28 | €27,645 | €34,570 | +€6,925 | +25.0% |
| Tangible fixed assets | 22/27 | €27,645 | €34,570 | +€6,925 | +25.0% |
| Plant, machinery and equipment | 23 | €6,321 | €3,718 | -€2,603 | -41.2% |
| Furniture and vehicles | 24 | €21,324 | €30,852 | +€9,528 | +44.7% |
| Current assets | 29/58 | €36,601 | €42,976 | +€6,376 | +17.4% |
| Amounts receivable within one year | 40/41 | €20,970 | €10,691 | -€10,279 | -49.0% |
| Trade receivables | 40 | €20,822 | €6,404 | -€14,418 | -69.2% |
| Other amounts receivable | 41 | €148 | €4,287 | +€4,139 | +2,804% |
| Cash at bank and in hand | 54/58 | €7,779 | €31,826 | +€24,047 | +309% |
| Deferred charges and accrued income | 490/1 | €7,852 | €460 | -€7,392 | -94.1% |
| Total equity and liabilities | 10/49 | €64,246 | €77,546 | +€13,301 | +20.7% |
| Equity | 10/15 | €30,946 | €32,713 | +€1,767 | +5.7% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,891 | €18,658 | +€1,767 | +10.5% |
| Amounts payable | 17/49 | €33,300 | €44,833 | +€11,533 | +34.6% |
| Amounts payable after more than one year | 17 | €13,553 | €21,190 | +€7,637 | +56.3% |
| Financial debts | 170/4 | €13,553 | €21,190 | +€7,637 | +56.3% |
| Amounts payable within one year | 42/48 | €19,747 | €23,644 | +€3,896 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €12,872 | €11,251 | -€1,621 | -12.6% |
| Trade debts | 44 | €1,315 | €3,325 | +€2,010 | +153% |
| Suppliers | 440/4 | €1,315 | €3,325 | +€2,010 | +153% |
| Taxes, remuneration and social security | 45 | €5,560 | €9,067 | +€3,508 | +63.1% |
| Taxes | 450/3 | €5,560 | €8,119 | +€2,559 | +46.0% |
| Remuneration and social security | 454/9 | - | €949 | +€949 | |
| Remuneration, social security and pensions | 62 | €98 | €4,507 | +€4,409 | +4,516% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,367 | €15,492 | +€1,125 | +7.8% |
| Other operating charges | 640/8 | €2,530 | €1,262 | -€1,268 | -50.1% |
| Gross operating margin | 9900 | €20,009 | €24,870 | +€4,861 | +24.3% |
| Operating profit (loss) | 9901 | €3,015 | €3,609 | +€595 | +19.7% |
| Financial income | 75/76B | €0 | €139 | +€139 | +173,925% |
| Recurring financial income | 75 | €0 | €139 | +€139 | +173,925% |
| Financial charges | 65/66B | €1,233 | €1,781 | +€548 | +44.4% |
| Recurring financial charges | 65 | €1,233 | €1,781 | +€548 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €1,782 | €1,968 | +€186 | +10.4% |
| Income taxes | 67/77 | €178 | €200 | +€22 | +12.6% |
| Profit (loss) for the period | 9904 | €1,604 | €1,767 | +€164 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,604 | €1,767 | +€164 | +10.2% |
Next steps
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 3 November 2026 via checked.be.