RAF DEMOL: 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 DEMOL
Largest movements
- Receivables within one year +€22,545
up €22,545 (+8.2%), from €276,039 to €298,583
of which Other amounts receivable: +€30,138
- Cash -€7,887
down €7,887 (-41.8%), from €18,871 to €10,984
mainly Receivables within one year (-€22,545) and Investment in fixed assets (net) (-€9,110)
- Tangible fixed assets +€4,007
up €4,007 (+32.5%), from €12,334 to €16,341
of which Furniture and vehicles: +€6,381
- Reserves +€62,966
up €62,966 (+27.2%), from €231,148 to €294,114
- Profit (loss) carried forward -€49,004
down €49,004 (-100%), from €49,004 to €0
- Trade debts +€4,339
up €4,339 (+25.4%), from €17,098 to €21,436
- Gross operating margin -€10,524
down €10,524 (-47.6%), from €22,095 to €11,571
- Financial income +€3,505
up €3,505 (+27.0%), from €12,978 to €16,483
- Taxes -€2,160
down €2,160 (-26.1%), from €8,263 to €6,103
- Depreciation +€799
up €799 (+18.6%), from €4,304 to €5,103
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 | €309,152 | €327,780 | +€18,628 | +6.0% |
| Fixed assets | 21/28 | €12,334 | €16,341 | +€4,007 | +32.5% |
| Tangible fixed assets | 22/27 | €12,334 | €16,341 | +€4,007 | +32.5% |
| Plant, machinery and equipment | 23 | €6,412 | €4,038 | -€2,374 | -37.0% |
| Furniture and vehicles | 24 | €5,922 | €12,303 | +€6,381 | +108% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €296,819 | €311,439 | +€14,620 | +4.9% |
| Amounts receivable within one year | 40/41 | €276,039 | €298,583 | +€22,545 | +8.2% |
| Trade receivables | 40 | €18,105 | €10,512 | -€7,593 | -41.9% |
| Other amounts receivable | 41 | €257,933 | €288,071 | +€30,138 | +11.7% |
| Cash at bank and in hand | 54/58 | €18,871 | €10,984 | -€7,887 | -41.8% |
| Deferred charges and accrued income | 490/1 | €1,909 | €1,872 | -€37 | -1.9% |
| Total equity and liabilities | 10/49 | €309,152 | €327,780 | +€18,628 | +6.0% |
| Equity | 10/15 | €286,352 | €300,314 | +€13,962 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €231,148 | €294,114 | +€62,966 | +27.2% |
| Distributable reserves | 133 | €231,148 | €294,114 | +€62,966 | +27.2% |
| Profit (loss) carried forward | 14 | €49,004 | €0 | -€49,004 | -100% |
| Amounts payable | 17/49 | €22,800 | €27,466 | +€4,666 | +20.5% |
| Amounts payable within one year | 42/48 | €22,800 | €27,466 | +€4,666 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €2,540 | €2,580 | +€40 | +1.6% |
| Trade debts | 44 | €17,098 | €21,436 | +€4,339 | +25.4% |
| Suppliers | 440/4 | €17,098 | €21,436 | +€4,339 | +25.4% |
| Taxes, remuneration and social security | 45 | €3,163 | €3,450 | +€287 | +9.1% |
| Taxes | 450/3 | €813 | €1,100 | +€287 | +35.3% |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,304 | €5,103 | +€799 | +18.6% |
| Other operating charges | 640/8 | €502 | €701 | +€199 | +39.6% |
| Gross operating margin | 9900 | €22,095 | €11,571 | -€10,524 | -47.6% |
| Operating profit (loss) | 9901 | €17,289 | €5,767 | -€11,522 | -66.6% |
| Financial income | 75/76B | €12,978 | €16,483 | +€3,505 | +27.0% |
| Recurring financial income | 75 | €12,978 | €16,483 | +€3,505 | +27.0% |
| Financial charges | 65/66B | €2,380 | €2,185 | -€196 | -8.2% |
| Recurring financial charges | 65 | €2,380 | €2,185 | -€196 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €27,887 | €20,065 | -€7,822 | -28.0% |
| Income taxes | 67/77 | €8,263 | €6,103 | -€2,160 | -26.1% |
| Profit (loss) for the period | 9904 | €19,624 | €13,962 | -€5,662 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,624 | €13,962 | -€5,662 | -28.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.