RAF LIJNEN: 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 LIJNEN
Largest movements
- Current investments -€24,586
down €24,586 (-22.2%), from €110,579 to €85,993
- Tangible fixed assets -€10,406
down €10,406 (-3.8%), from €276,253 to €265,847
of which Furniture and vehicles: -€7,965
- Reserves -€40,127
down €40,127 (-17.3%), from €232,206 to €192,079
of which Distributable reserves: -€40,127
- Gross operating margin -€21,983
down €21,983 (-72.8%), from €30,204 to €8,221
- Financial charges -€2,037
down €2,037 (-11.5%), from €17,644 to €15,608
- Other operating charges -€574
down €574 (-14.2%), from €4,057 to €3,483
- Depreciation +€556
up €556 (+1.9%), from €29,221 to €29,777
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 | €811,029 | €771,723 | -€39,306 | -4.8% |
| Fixed assets | 21/28 | €671,857 | €661,451 | -€10,406 | -1.5% |
| Tangible fixed assets | 22/27 | €276,253 | €265,847 | -€10,406 | -3.8% |
| Land and buildings | 22 | €244,890 | €242,910 | -€1,980 | -0.8% |
| Plant, machinery and equipment | 23 | €4,366 | €3,905 | -€461 | -10.6% |
| Furniture and vehicles | 24 | €26,997 | €19,032 | -€7,965 | -29.5% |
| Financial fixed assets | 28 | €395,604 | €395,604 | = | 0.0% |
| Current assets | 29/58 | €139,172 | €110,272 | -€28,900 | -20.8% |
| Amounts receivable within one year | 40/41 | €19,439 | €20,051 | +€612 | +3.1% |
| Trade receivables | 40 | €19,334 | €20,005 | +€671 | +3.5% |
| Other amounts receivable | 41 | €105 | €46 | -€59 | -56.4% |
| Current investments | 50/53 | €110,579 | €85,993 | -€24,586 | -22.2% |
| Cash at bank and in hand | 54/58 | €7,276 | €665 | -€6,611 | -90.9% |
| Deferred charges and accrued income | 490/1 | €1,878 | €3,563 | +€1,685 | +89.7% |
| Total equity and liabilities | 10/49 | €811,029 | €771,723 | -€39,306 | -4.8% |
| Equity | 10/15 | €575,390 | €535,263 | -€40,127 | -7.0% |
| Contributions | 10/11 | €343,184 | €343,184 | = | 0.0% |
| Reserves | 13 | €232,206 | €192,079 | -€40,127 | -17.3% |
| Tax-exempt reserves | 132 | €24,489 | €24,489 | = | 0.0% |
| Distributable reserves | 133 | €207,717 | €167,590 | -€40,127 | -19.3% |
| Amounts payable | 17/49 | €235,639 | €236,460 | +€822 | +0.3% |
| Amounts payable after more than one year | 17 | €217,000 | €217,000 | = | 0.0% |
| Other amounts payable | 178/9 | €217,000 | €217,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,456 | €8,706 | +€2,249 | +34.8% |
| Trade debts | 44 | €230 | €1,211 | +€980 | +425% |
| Suppliers | 440/4 | €230 | €1,211 | +€980 | +425% |
| Taxes, remuneration and social security | 45 | €6,226 | €7,495 | +€1,269 | +20.4% |
| Taxes | 450/3 | €6,226 | €7,495 | +€1,269 | +20.4% |
| Accrued charges and deferred income | 492/3 | €12,182 | €10,755 | -€1,428 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,221 | €29,777 | +€556 | +1.9% |
| Other operating charges | 640/8 | €4,057 | €3,483 | -€574 | -14.2% |
| Gross operating margin | 9900 | €30,204 | €8,221 | -€21,983 | -72.8% |
| Operating profit (loss) | 9901 | -€3,074 | -€25,039 | -€21,965 | -714% |
| Financial income | 75/76B | €469 | €651 | +€182 | +38.9% |
| Recurring financial income | 75 | €469 | €651 | +€182 | +38.9% |
| Financial charges | 65/66B | €17,644 | €15,608 | -€2,037 | -11.5% |
| Recurring financial charges | 65 | €17,644 | €15,608 | -€2,037 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,249 | -€39,995 | -€19,746 | -97.5% |
| Income taxes | 67/77 | €167 | €132 | -€35 | -21.0% |
| Profit (loss) for the period | 9904 | -€20,416 | -€40,127 | -€19,711 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,416 | -€40,127 | -€19,711 | -96.5% |
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 23 October 2026 via checked.be.