RAF CONINGS: 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 CONINGS
Largest movements
- Cash +€18,061
up €18,061 (+38.9%), from €46,375 to €64,436
mainly Depreciation (+€16,419) and Net result for the year (+€15,991)
- Tangible fixed assets -€15,449
down €15,449 (-23.1%), from €66,905 to €51,456
- Debts after one year -€15,350
down €15,350 (-29.5%), from €52,094 to €36,744
- Reserves +€8,501
up €8,501 (+23.8%), from €35,677 to €44,178
- Other debts +€6,852
up €6,852 (+4,533%), from €151 to €7,003
- Tax, wage and social debts +€2,323
up €2,323 (+25.0%), from €9,306 to €11,630
- Depreciation +€3,244
up €3,244 (+24.6%), from €13,174 to €16,419
- Gross operating margin +€1,773
up €1,773 (+4.3%), from €41,069 to €42,842
- Taxes +€975
up €975 (+16.5%), from €5,922 to €6,897
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 | €113,687 | €116,468 | +€2,782 | +2.4% |
| Fixed assets | 21/28 | €66,905 | €51,456 | -€15,449 | -23.1% |
| Tangible fixed assets | 22/27 | €66,905 | €51,456 | -€15,449 | -23.1% |
| Furniture and vehicles | 24 | €66,905 | €51,456 | -€15,449 | -23.1% |
| Current assets | 29/58 | €46,781 | €65,012 | +€18,231 | +39.0% |
| Cash at bank and in hand | 54/58 | €46,375 | €64,436 | +€18,061 | +38.9% |
| Deferred charges and accrued income | 490/1 | €407 | €577 | +€170 | +41.7% |
| Total equity and liabilities | 10/49 | €113,687 | €116,468 | +€2,782 | +2.4% |
| Equity | 10/15 | €35,677 | €44,178 | +€8,501 | +23.8% |
| Reserves | 13 | €35,677 | €44,178 | +€8,501 | +23.8% |
| Distributable reserves | 133 | €35,677 | €44,178 | +€8,501 | +23.8% |
| Amounts payable | 17/49 | €78,010 | €72,290 | -€5,720 | -7.3% |
| Amounts payable after more than one year | 17 | €52,094 | €36,744 | -€15,350 | -29.5% |
| Financial debts | 170/4 | €52,094 | €36,744 | -€15,350 | -29.5% |
| Amounts payable within one year | 42/48 | €25,915 | €35,546 | +€9,631 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €14,779 | €15,350 | +€572 | +3.9% |
| Trade debts | 44 | €1,680 | €1,563 | -€116 | -6.9% |
| Suppliers | 440/4 | €1,680 | €1,563 | -€116 | -6.9% |
| Taxes, remuneration and social security | 45 | €9,306 | €11,630 | +€2,323 | +25.0% |
| Taxes | 450/3 | €9,306 | €11,630 | +€2,323 | +25.0% |
| Other amounts payable | 47/48 | €151 | €7,003 | +€6,852 | +4,533% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,174 | €16,419 | +€3,244 | +24.6% |
| Other operating charges | 640/8 | €1,298 | €1,105 | -€193 | -14.9% |
| Non-recurring operating charges | 66A | €4,545 | - | -€4,545 | |
| Gross operating margin | 9900 | €41,069 | €42,842 | +€1,773 | +4.3% |
| Operating profit (loss) | 9901 | €22,052 | €25,318 | +€3,266 | +14.8% |
| Financial charges | 65/66B | €2,467 | €2,429 | -€38 | -1.5% |
| Recurring financial charges | 65 | €2,467 | €2,429 | -€38 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €19,584 | €22,889 | +€3,304 | +16.9% |
| Income taxes | 67/77 | €5,922 | €6,897 | +€975 | +16.5% |
| Profit (loss) for the period | 9904 | €13,662 | €15,991 | +€2,329 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,662 | €15,991 | +€2,329 | +17.0% |
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 15 October 2026 via checked.be.