RAF DE VOS CONSULTANCY: 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 DE VOS CONSULTANCY
Largest movements
- Cash +€79,301
up €79,301 (+146%), from €54,186 to €133,487
mainly Net result for the year (+€35,489) and Receivables within one year (+€24,808)
- Receivables within one year -€24,808
down €24,808 (-70.0%), from €35,459 to €10,651
of which Trade receivables: -€24,672
- Tangible fixed assets -€9,683
down €9,683 (-23.8%), from €40,690 to €31,008
of which Furniture and vehicles: -€9,525
- Deferred charges and accrued income -€3,297
down €3,297 (-44.4%), from €7,428 to €4,131
- Profit (loss) carried forward +€35,489
up €35,489 (+37.5%), from -€94,731 to -€59,242
- Other debts +€9,224
up €9,224 (+59.3%), from €15,567 to €24,791
- Debts after one year -€8,521
down €8,521 (-29.4%), from €28,979 to €20,458
- Tax, wage and social debts +€3,605
up €3,605 (+129%), from €2,788 to €6,393
- Trade debts +€2,191
up €2,191 (+23.9%), from €9,164 to €11,356
- Gross operating margin +€25,996
up €25,996 (+120%), from €21,678 to €47,674
- Other operating charges -€2,497
down €2,497 (-74.9%), from €3,336 to €839
- Depreciation +€2,120
up €2,120 (+28.0%), from €7,563 to €9,683
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 | €137,865 | €180,186 | +€42,321 | +30.7% |
| Fixed assets | 21/28 | €40,791 | €31,008 | -€9,783 | -24.0% |
| Tangible fixed assets | 22/27 | €40,690 | €31,008 | -€9,683 | -23.8% |
| Plant, machinery and equipment | 23 | €327 | €169 | -€158 | -48.2% |
| Furniture and vehicles | 24 | €40,364 | €30,839 | -€9,525 | -23.6% |
| Financial fixed assets | 28 | €101 | - | -€101 | |
| Current assets | 29/58 | €97,073 | €149,178 | +€52,104 | +53.7% |
| Stocks and contracts in progress | 3 | - | €908 | +€908 | |
| Stocks | 30/36 | - | €908 | +€908 | |
| Amounts receivable within one year | 40/41 | €35,459 | €10,651 | -€24,808 | -70.0% |
| Trade receivables | 40 | €25,568 | €896 | -€24,672 | -96.5% |
| Other amounts receivable | 41 | €9,891 | €9,755 | -€136 | -1.4% |
| Cash at bank and in hand | 54/58 | €54,186 | €133,487 | +€79,301 | +146% |
| Deferred charges and accrued income | 490/1 | €7,428 | €4,131 | -€3,297 | -44.4% |
| Total equity and liabilities | 10/49 | €137,865 | €180,186 | +€42,321 | +30.7% |
| Equity | 10/15 | €73,178 | €108,667 | +€35,489 | +48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,308 | €149,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €147,448 | €147,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,731 | -€59,242 | +€35,489 | +37.5% |
| Amounts payable | 17/49 | €64,687 | €71,519 | +€6,832 | +10.6% |
| Amounts payable after more than one year | 17 | €28,979 | €20,458 | -€8,521 | -29.4% |
| Financial debts | 170/4 | €28,979 | €20,458 | -€8,521 | -29.4% |
| Amounts payable within one year | 42/48 | €35,708 | €51,061 | +€15,353 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €8,189 | €8,521 | +€332 | +4.1% |
| Trade debts | 44 | €9,164 | €11,356 | +€2,191 | +23.9% |
| Suppliers | 440/4 | €9,164 | €11,356 | +€2,191 | +23.9% |
| Taxes, remuneration and social security | 45 | €2,788 | €6,393 | +€3,605 | +129% |
| Taxes | 450/3 | €2,788 | €6,393 | +€3,605 | +129% |
| Other amounts payable | 47/48 | €15,567 | €24,791 | +€9,224 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,563 | €9,683 | +€2,120 | +28.0% |
| Other operating charges | 640/8 | €3,336 | €839 | -€2,497 | -74.9% |
| Gross operating margin | 9900 | €21,678 | €47,674 | +€25,996 | +120% |
| Operating profit (loss) | 9901 | €10,779 | €37,152 | +€26,373 | +245% |
| Financial charges | 65/66B | €1,525 | €1,527 | +€2 | +0.1% |
| Recurring financial charges | 65 | €1,525 | €1,527 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €9,254 | €35,625 | +€26,371 | +285% |
| Income taxes | 67/77 | €109 | €136 | +€27 | +24.6% |
| Profit (loss) for the period | 9904 | €9,145 | €35,489 | +€26,344 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €9,145 | €35,489 | +€26,344 | +288% |
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 24 October 2026 via checked.be.