RAF BERGHMANS: 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.
RAF BERGHMANS
Largest movements
- Cash -€10,723
down €10,723 (-20.9%), from €51,322 to €40,599
mainly Net result for the year (-€11,979) and Current portion of long-term debt (-€4,145)
- Tangible fixed assets -€4,204
no longer reported in 2025 (was €4,204)
- Stocks and contracts -€3,900
down €3,900 (-48.1%), from €8,100 to €4,200
- Reserves -€11,979
down €11,979 (-24.0%), from €49,983 to €38,004
of which Distributable reserves: -€11,979
- Current portion of long-term debt -€4,145
no longer reported in 2025 (was €4,145)
- Other debts -€1,582
down €1,582 (-23.0%), from €6,871 to €5,288
- Gross operating margin -€6,034
down €6,034, from €128 to -€5,906
- Depreciation -€1,214
down €1,214 (-22.4%), from €5,418 to €4,204
- Financial income -€684
down €684 (-28.7%), from €2,380 to €1,696
- Financial charges -€409
down €409 (-14.0%), from €2,923 to €2,514
- Other operating charges +€109
up €109 (+15.5%), from €704 to €813
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 | €76,323 | €57,888 | -€18,435 | -24.2% |
| Fixed assets | 21/28 | €4,204 | - | -€4,204 | |
| Tangible fixed assets | 22/27 | €4,204 | - | -€4,204 | |
| Furniture and vehicles | 24 | €4,204 | - | -€4,204 | |
| Current assets | 29/58 | €72,119 | €57,888 | -€14,231 | -19.7% |
| Stocks and contracts in progress | 3 | €8,100 | €4,200 | -€3,900 | -48.1% |
| Stocks | 30/36 | €8,100 | €4,200 | -€3,900 | -48.1% |
| Amounts receivable within one year | 40/41 | €12,665 | €13,089 | +€424 | +3.3% |
| Trade receivables | 40 | €12,081 | €12,776 | +€694 | +5.7% |
| Other amounts receivable | 41 | €584 | €313 | -€271 | -46.4% |
| Cash at bank and in hand | 54/58 | €51,322 | €40,599 | -€10,723 | -20.9% |
| Deferred charges and accrued income | 490/1 | €32 | - | -€32 | |
| Total equity and liabilities | 10/49 | €76,323 | €57,888 | -€18,435 | -24.2% |
| Equity | 10/15 | €56,180 | €44,201 | -€11,979 | -21.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €49,983 | €38,004 | -€11,979 | -24.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,974 | €1,974 | = | 0.0% |
| Distributable reserves | 133 | €46,149 | €34,170 | -€11,979 | -26.0% |
| Amounts payable | 17/49 | €20,143 | €13,687 | -€6,456 | -32.1% |
| Amounts payable within one year | 42/48 | €20,143 | €13,687 | -€6,456 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €4,145 | - | -€4,145 | |
| Trade debts | 44 | €4,247 | €4,150 | -€96 | -2.3% |
| Suppliers | 440/4 | €4,247 | €4,150 | -€96 | -2.3% |
| Taxes, remuneration and social security | 45 | €4,881 | €4,249 | -€632 | -13.0% |
| Taxes | 450/3 | €4,881 | €4,249 | -€632 | -13.0% |
| Other amounts payable | 47/48 | €6,871 | €5,288 | -€1,582 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,418 | €4,204 | -€1,214 | -22.4% |
| Other operating charges | 640/8 | €704 | €813 | +€109 | +15.5% |
| Gross operating margin | 9900 | €128 | -€5,906 | -€6,034 | |
| Operating profit (loss) | 9901 | -€5,994 | -€10,923 | -€4,930 | -82.2% |
| Financial income | 75/76B | €2,380 | €1,696 | -€684 | -28.7% |
| Recurring financial income | 75 | €2,380 | €1,696 | -€684 | -28.7% |
| Financial charges | 65/66B | €2,923 | €2,514 | -€409 | -14.0% |
| Recurring financial charges | 65 | €2,923 | €2,514 | -€409 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,537 | -€11,741 | -€5,204 | -79.6% |
| Income taxes | 67/77 | €243 | €238 | -€5 | -2.0% |
| Profit (loss) for the period | 9904 | -€6,779 | -€11,979 | -€5,199 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,779 | -€11,979 | -€5,199 | -76.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.