RAF-DESIGN: 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-DESIGN
Largest movements
- Receivables within one year +€1,543
up €1,543 (+8.5%), from €18,202 to €19,745
of which Other amounts receivable: +€2,067
- Cash +€1,062
up €1,062 (+14.6%), from €7,269 to €8,331
mainly Trade debts (+€19,244) and Tax, wage and social debts (+€3,328)
- Profit (loss) carried forward -€20,001
down €20,001 (-97.8%), from €20,454 to €453
- Trade debts +€19,244
up €19,244 (+2277.1%), from €845 to €20,089
- Tax, wage and social debts +€3,328
up €3,328 (+56.8%), from €5,860 to €9,188
of which Remuneration and social security: +€3,812
- Staff costs +€81,912
new in 2025: €81,912
- Gross operating margin +€35,298
up €35,298 (+126.1%), from €27,993 to €63,291
- Taxes -€6,344
down €6,344, from €5,860 to -€484
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 | €29,659 | €32,229 | +€2,570 | +8.7% |
| Fixed assets | 21/28 | €4,188 | €4,153 | -€35 | -0.8% |
| Tangible fixed assets | 22/27 | €4,188 | €4,153 | -€35 | -0.8% |
| Plant, machinery and equipment | 23 | €1,376 | €1,009 | -€368 | -26.7% |
| Furniture and vehicles | 24 | €2,812 | €3,144 | +€332 | +11.8% |
| Current assets | 29/58 | €25,471 | €28,077 | +€2,605 | +10.2% |
| Amounts receivable within one year | 40/41 | €18,202 | €19,745 | +€1,543 | +8.5% |
| Trade receivables | 40 | €12,094 | €11,570 | -€524 | -4.3% |
| Other amounts receivable | 41 | €6,108 | €8,176 | +€2,067 | +33.8% |
| Cash at bank and in hand | 54/58 | €7,269 | €8,331 | +€1,062 | +14.6% |
| Total equity and liabilities | 10/49 | €29,659 | €32,229 | +€2,570 | +8.7% |
| Equity | 10/15 | €22,954 | €2,953 | -€20,001 | -87.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,454 | €453 | -€20,001 | -97.8% |
| Amounts payable | 17/49 | €6,705 | €29,277 | +€22,571 | +336.6% |
| Amounts payable within one year | 42/48 | €6,705 | €29,277 | +€22,571 | +336.6% |
| Trade debts | 44 | €845 | €20,089 | +€19,244 | +2277.1% |
| Suppliers | 440/4 | €845 | €20,089 | +€19,244 | +2277.1% |
| Taxes, remuneration and social security | 45 | €5,860 | €9,188 | +€3,328 | +56.8% |
| Taxes | 450/3 | €5,860 | €5,376 | -€484 | -8.3% |
| Remuneration and social security | 454/9 | - | €3,812 | +€3,812 | |
| Remuneration, social security and pensions | 62 | - | €81,912 | +€81,912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,014 | €1,385 | +€371 | +36.6% |
| Other operating charges | 640/8 | €772 | €575 | -€197 | -25.5% |
| Gross operating margin | 9900 | €27,993 | €63,291 | +€35,298 | +126.1% |
| Operating profit (loss) | 9901 | €26,208 | -€20,581 | -€46,789 | |
| Financial income | 75/76B | €183 | €295 | +€112 | +61.2% |
| Recurring financial income | 75 | €183 | €295 | +€112 | +61.2% |
| Financial charges | 65/66B | €77 | €199 | +€122 | +159.4% |
| Recurring financial charges | 65 | €77 | €199 | +€122 | +159.4% |
| Profit (loss) for the period before taxes | 9903 | €26,314 | -€20,485 | -€46,799 | |
| Income taxes | 67/77 | €5,860 | -€484 | -€6,344 | |
| Profit (loss) for the period | 9904 | €20,454 | -€20,001 | -€40,455 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,454 | -€20,001 | -€40,455 |
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 10 October 2026 via checked.be.