RAF BRONSELAER: 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 BRONSELAER
Largest movements
- Cash +€240,292
up €240,292 (+66.7%), from €360,489 to €600,781
mainly Debts after one year (+€245,553) and Net result for the year (+€99,045)
- Tangible fixed assets +€157,623
up €157,623 (+35.6%), from €443,066 to €600,689
of which Land and buildings: +€157,463
- Receivables within one year -€17,708
down €17,708 (-47.0%), from €37,709 to €20,001
of which Other amounts receivable: -€24,278
- Debts after one year +€245,553
up €245,553 (+366%), from €67,084 to €312,638
- Reserves +€99,045
up €99,045 (+15.4%), from €644,620 to €743,665
of which Distributable reserves: +€151,425
- Tax, wage and social debts +€27,237
up €27,237 (+867%), from €3,141 to €30,378
- Provisions -€26,339
down €26,339 (-100%), from €26,339 to €0
- Other debts +€20,631
up €20,631 (+185%), from €11,126 to €31,758
- Gross operating margin +€91,323
up €91,323 (+59.6%), from €153,280 to €244,603
- Depreciation +€59,392
up €59,392 (+273%), from €21,783 to €81,176
- Taxes +€28,301
up €28,301 (+71.6%), from €39,513 to €67,815
- Financial charges +€12,937
up €12,937 (+383%), from €3,380 to €16,317
- Financial income -€8,017
down €8,017 (-94.6%), from €8,472 to €456
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 | €877,951 | €1,255,740 | +€377,789 | +43.0% |
| Fixed assets | 21/28 | €447,491 | €605,114 | +€157,623 | +35.2% |
| Tangible fixed assets | 22/27 | €443,066 | €600,689 | +€157,623 | +35.6% |
| Land and buildings | 22 | €426,146 | €583,609 | +€157,463 | +37.0% |
| Plant, machinery and equipment | 23 | €6,500 | €6,500 | = | 0.0% |
| Furniture and vehicles | 24 | €10,419 | €10,580 | +€161 | +1.5% |
| Financial fixed assets | 28 | €4,425 | €4,425 | = | 0.0% |
| Current assets | 29/58 | €430,461 | €650,626 | +€220,165 | +51.1% |
| Amounts receivable within one year | 40/41 | €37,709 | €20,001 | -€17,708 | -47.0% |
| Trade receivables | 40 | €2,780 | €9,350 | +€6,570 | +236% |
| Other amounts receivable | 41 | €34,929 | €10,651 | -€24,278 | -69.5% |
| Current investments | 50/53 | €29,268 | €29,268 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €360,489 | €600,781 | +€240,292 | +66.7% |
| Deferred charges and accrued income | 490/1 | €2,994 | €576 | -€2,418 | -80.8% |
| Total equity and liabilities | 10/49 | €877,951 | €1,255,740 | +€377,789 | +43.0% |
| Equity | 10/15 | €743,708 | €842,753 | +€99,045 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €644,620 | €743,665 | +€99,045 | +15.4% |
| Tax-exempt reserves | 132 | €52,380 | €0 | -€52,380 | -100% |
| Distributable reserves | 133 | €592,240 | €743,665 | +€151,425 | +25.6% |
| Profit (loss) carried forward | 14 | €80,488 | €80,488 | = | 0.0% |
| Provisions and deferred taxes | 16 | €26,339 | €0 | -€26,339 | -100% |
| Deferred taxes | 168 | €26,339 | €0 | -€26,339 | -100% |
| Amounts payable | 17/49 | €107,904 | €412,987 | +€305,083 | +283% |
| Amounts payable after more than one year | 17 | €67,084 | €312,638 | +€245,553 | +366% |
| Financial debts | 170/4 | €67,084 | €312,638 | +€245,553 | +366% |
| Amounts payable within one year | 42/48 | €40,819 | €100,100 | +€59,281 | +145% |
| Current portion of amounts payable after more than one year | 42 | €24,569 | €28,796 | +€4,227 | +17.2% |
| Trade debts | 44 | €1,983 | €9,169 | +€7,186 | +362% |
| Suppliers | 440/4 | €1,983 | €9,169 | +€7,186 | +362% |
| Taxes, remuneration and social security | 45 | €3,141 | €30,378 | +€27,237 | +867% |
| Taxes | 450/3 | €3,141 | €30,378 | +€27,237 | +867% |
| Other amounts payable | 47/48 | €11,126 | €31,758 | +€20,631 | +185% |
| Accrued charges and deferred income | 492/3 | €0 | €249 | +€249 | |
| Non-recurring operating income | 76A | - | €121,201 | +€121,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,783 | €81,176 | +€59,392 | +273% |
| Other operating charges | 640/8 | €4,240 | €7,045 | +€2,805 | +66.2% |
| Gross operating margin | 9900 | €153,280 | €244,603 | +€91,323 | +59.6% |
| Operating profit (loss) | 9901 | €127,256 | €156,382 | +€29,125 | +22.9% |
| Financial income | 75/76B | €8,472 | €456 | -€8,017 | -94.6% |
| Recurring financial income | 75 | €8,472 | €456 | -€8,017 | -94.6% |
| Financial charges | 65/66B | €3,380 | €16,317 | +€12,937 | +383% |
| Recurring financial charges | 65 | €3,380 | €16,317 | +€12,937 | +383% |
| Profit (loss) for the period before taxes | 9903 | €132,349 | €140,521 | +€8,172 | +6.2% |
| Transfer from deferred taxes | 780 | €644 | €26,339 | +€25,695 | +3,992% |
| Income taxes | 67/77 | €39,513 | €67,815 | +€28,301 | +71.6% |
| Profit (loss) for the period | 9904 | €93,479 | €99,045 | +€5,566 | +6.0% |
| Transfer from tax-exempt reserves | 789 | €2,575 | €52,380 | +€49,805 | +1,934% |
| Profit (loss) for the period to be appropriated | 9905 | €96,054 | €151,425 | +€55,371 | +57.6% |
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.