RAF EVENS: what changed
Two fiscal 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 EVENS
Largest movements
- Cash +€80,280
up €80,280 (+150.3%), from €53,411 to €133,691
mainly Net result for the year (+€352,697) and Depreciation (+€136,914)
- Intangible fixed assets -€68,600
down €68,600 (-27.5%), from €249,088 to €180,488
- Tangible fixed assets -€57,487
down €57,487 (-14.9%), from €385,566 to €328,079
of which Other tangible fixed assets: -€37,481
- Deferred charges and accrued income -€14,008
down €14,008 (-55.0%), from €25,490 to €11,482
- Other debts +€134,369
up €134,369 (+64.8%), from €207,453 to €341,823
- Profit (loss) carried forward -€112,645
down €112,645 (-100.0%), from €112,645 to €0
- Debts after one year -€83,576
down €83,576 (-26.3%), from €317,596 to €234,020
- Tax, wage and social debts +€14,844
up €14,844 (+46.9%), from €31,640 to €46,483
of which Remuneration and social security: +€13,134
- Trade debts -€11,213
down €11,213 (-37.2%), from €30,105 to €18,892
- Gross operating margin +€115,097
up €115,097 (+14.6%), from €788,678 to €903,775
- Taxes +€44,737
up €44,737 (+54.4%), from €82,282 to €127,020
- Staff costs -€34,064
down €34,064 (-10.9%), from €311,708 to €277,644
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 | €806,028 | €745,395 | -€60,633 | -7.5% |
| Fixed assets | 21/28 | €634,653 | €508,566 | -€126,087 | -19.9% |
| Intangible fixed assets | 21 | €249,088 | €180,488 | -€68,600 | -27.5% |
| Tangible fixed assets | 22/27 | €385,566 | €328,079 | -€57,487 | -14.9% |
| Plant, machinery and equipment | 23 | €32,896 | €20,473 | -€12,422 | -37.8% |
| Furniture and vehicles | 24 | €28,687 | €21,103 | -€7,584 | -26.4% |
| Other tangible fixed assets | 26 | €323,983 | €286,502 | -€37,481 | -11.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €171,375 | €236,829 | +€65,454 | +38.2% |
| Amounts receivable within one year | 40/41 | €92,474 | €91,656 | -€818 | -0.9% |
| Trade receivables | 40 | €2,706 | €0 | -€2,706 | -100.0% |
| Other amounts receivable | 41 | €89,768 | €91,656 | +€1,888 | +2.1% |
| Cash at bank and in hand | 54/58 | €53,411 | €133,691 | +€80,280 | +150.3% |
| Deferred charges and accrued income | 490/1 | €25,490 | €11,482 | -€14,008 | -55.0% |
| Total equity and liabilities | 10/49 | €806,028 | €745,395 | -€60,633 | -7.5% |
| Equity | 10/15 | €133,105 | €20,460 | -€112,645 | -84.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,645 | €0 | -€112,645 | -100.0% |
| Amounts payable | 17/49 | €672,923 | €724,935 | +€52,012 | +7.7% |
| Amounts payable after more than one year | 17 | €317,596 | €234,020 | -€83,576 | -26.3% |
| Financial debts | 170/4 | €317,596 | €234,020 | -€83,576 | -26.3% |
| Amounts payable within one year | 42/48 | €355,327 | €490,773 | +€135,446 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €86,129 | €83,576 | -€2,553 | -3.0% |
| Trade debts | 44 | €30,105 | €18,892 | -€11,213 | -37.2% |
| Suppliers | 440/4 | €30,105 | €18,892 | -€11,213 | -37.2% |
| Taxes, remuneration and social security | 45 | €31,640 | €46,483 | +€14,844 | +46.9% |
| Taxes | 450/3 | - | €1,709 | +€1,709 | |
| Remuneration and social security | 454/9 | €31,640 | €44,774 | +€13,134 | +41.5% |
| Other amounts payable | 47/48 | €207,453 | €341,823 | +€134,369 | +64.8% |
| Accrued charges and deferred income | 492/3 | - | €142 | +€142 | |
| Remuneration, social security and pensions | 62 | €311,708 | €277,644 | -€34,064 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,212 | €136,914 | -€297 | -0.2% |
| Other operating charges | 640/8 | €1,456 | €2,936 | +€1,480 | +101.7% |
| Gross operating margin | 9900 | €788,678 | €903,775 | +€115,097 | +14.6% |
| Operating profit (loss) | 9901 | €338,302 | €486,280 | +€147,977 | +43.7% |
| Financial income | 75/76B | €258 | €416 | +€158 | +61.5% |
| Recurring financial income | 75 | €258 | €416 | +€158 | +61.5% |
| Financial charges | 65/66B | €8,823 | €6,979 | -€1,844 | -20.9% |
| Recurring financial charges | 65 | €8,823 | €6,979 | -€1,844 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €329,737 | €479,717 | +€149,980 | +45.5% |
| Income taxes | 67/77 | €82,282 | €127,020 | +€44,737 | +54.4% |
| Profit (loss) for the period | 9904 | €247,455 | €352,697 | +€105,242 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €247,455 | €352,697 | +€105,242 | +42.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.