RAF PEETERS CONSULTING: what changed
What changed
RAF PEETERS CONSULTING
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€45,172
2024 · €35,185+€9,986
Equity
€285,419
2024 · €241,081+€44,339
Cash
€42,478
2024 · €33,123+€9,355
Balance sheet total
€945,364
2024 · €1.0m-€101,409
Largest movements
Assets
- Tangible fixed assets -€35,710
down €35,710 (-5.5%), from €644,231 to €608,521
of which Land and buildings: -€33,096
- Intangible fixed assets -€22,316
down €22,316 (-21.3%), from €104,704 to €82,389
- Receivables after one year -€16,397
no longer reported in 2025 (was €16,397)
- Current investments -€16,181
no longer reported in 2025 (was €16,181)
Equity and liabilities
- Debts after one year -€146,690
down €146,690 (-23.0%), from €637,438 to €490,748
of which Financial debts: -€128,690
- Reserves +€45,170
up €45,170 (+22.3%), from €202,635 to €247,805
- Tax, wage and social debts -€29,190
down €29,190 (-69.0%), from €42,302 to €13,112
of which Taxes: -€30,703
- Current portion of long-term debt +€11,815
up €11,815 (+14.6%), from €81,086 to €92,900
Income statement
- Gross operating margin +€46,526
up €46,526 (+22.3%), from €208,639 to €255,165
- Write-downs +€31,208
up €31,208 (+352%), from €8,872 to €40,081
- Staff costs +€18,723
up €18,723 (+61.9%), from €30,248 to €48,970
- Other operating charges -€17,527
down €17,527 (-52.4%), from €33,453 to €15,926
- Taxes +€4,925
up €4,925 (+32.0%), from €15,407 to €20,331
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€35,185
Gross operating margin
+€46,526
Staff costs
-€18,723
Depreciation
+€920
Write-downs
-€31,208
Other operating charges
+€17,527
Financial income
-€728
Financial charges
+€597
Taxes
-€4,925
Result 2025
€45,172
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€125,404
Investment
+€9,659
Financing
-€125,709
Cash 2024
€33,123
From operations (derived)
+€125,404
Net result for the year
+€45,172
Depreciation
+€64,547
Receivables after one year
+€16,397
Receivables within one year
+€10,402
Deferred charges and accrued income
+€9,759
Trade debts
+€8,318
Tax, wage and social debts
-€29,190
Smaller working-capital items
+€0
Investment (derived)
+€9,659
Investment in fixed assets (net)
-€6,522
Current investments
+€16,181
Financing
-€125,709
Debts after one year
-€146,690
Current portion of long-term debt
+€11,815
Short-term financial debts
+€10,000
Contributions, distributions and other
-€833
Cash 2025
€42,478
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,046,773 | €945,364 | -€101,409 | -9.7% |
| Fixed assets | 21/28 | €749,633 | €691,608 | -€58,025 | -7.7% |
| Intangible fixed assets | 21 | €104,704 | €82,389 | -€22,316 | -21.3% |
| Tangible fixed assets | 22/27 | €644,231 | €608,521 | -€35,710 | -5.5% |
| Land and buildings | 22 | €630,640 | €597,544 | -€33,096 | -5.2% |
| Plant, machinery and equipment | 23 | €1,040 | €677 | -€363 | -34.9% |
| Furniture and vehicles | 24 | €12,551 | €10,300 | -€2,251 | -17.9% |
| Financial fixed assets | 28 | €698 | €698 | = | 0.0% |
| Current assets | 29/58 | €297,140 | €253,756 | -€43,384 | -14.6% |
| Amounts receivable after more than one year | 29 | €16,397 | - | -€16,397 | |
| Other amounts receivable | 291 | €16,397 | - | -€16,397 | |
| Amounts receivable within one year | 40/41 | €210,121 | €199,719 | -€10,402 | -5.0% |
| Trade receivables | 40 | €199,705 | €189,727 | -€9,978 | -5.0% |
| Other amounts receivable | 41 | €10,416 | €9,992 | -€424 | -4.1% |
| Current investments | 50/53 | €16,181 | - | -€16,181 | |
| Cash at bank and in hand | 54/58 | €33,123 | €42,478 | +€9,355 | +28.2% |
| Deferred charges and accrued income | 490/1 | €21,317 | €11,558 | -€9,759 | -45.8% |
| Total equity and liabilities | 10/49 | €1,046,773 | €945,364 | -€101,409 | -9.7% |
| Equity | 10/15 | €241,081 | €285,419 | +€44,339 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,635 | €247,805 | +€45,170 | +22.3% |
| Distributable reserves | 133 | €202,635 | €247,805 | +€45,170 | +22.3% |
| Profit (loss) carried forward | 14 | €19,846 | €19,014 | -€831 | -4.2% |
| Amounts payable | 17/49 | €805,692 | €659,944 | -€145,748 | -18.1% |
| Amounts payable after more than one year | 17 | €637,438 | €490,748 | -€146,690 | -23.0% |
| Financial debts | 170/4 | €591,938 | €463,248 | -€128,690 | -21.7% |
| Other amounts payable | 178/9 | €45,500 | €27,500 | -€18,000 | -39.6% |
| Amounts payable within one year | 42/48 | €168,177 | €169,196 | +€1,020 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €81,086 | €92,900 | +€11,815 | +14.6% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €42,856 | €51,174 | +€8,318 | +19.4% |
| Suppliers | 440/4 | €42,856 | €51,174 | +€8,318 | +19.4% |
| Taxes, remuneration and social security | 45 | €42,302 | €13,112 | -€29,190 | -69.0% |
| Taxes | 450/3 | €38,618 | €7,915 | -€30,703 | -79.5% |
| Remuneration and social security | 454/9 | €3,684 | €5,197 | +€1,513 | +41.1% |
| Other amounts payable | 47/48 | €1,932 | €2,010 | +€77 | +4.0% |
| Accrued charges and deferred income | 492/3 | €77 | - | -€77 | |
| Remuneration, social security and pensions | 62 | €30,248 | €48,970 | +€18,723 | +61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,467 | €64,547 | -€920 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,872 | €40,081 | +€31,208 | +352% |
| Other operating charges | 640/8 | €33,453 | €15,926 | -€17,527 | -52.4% |
| Gross operating margin | 9900 | €208,639 | €255,165 | +€46,526 | +22.3% |
| Operating profit (loss) | 9901 | €70,598 | €85,641 | +€15,043 | +21.3% |
| Financial income | 75/76B | €1,991 | €1,263 | -€728 | -36.6% |
| Recurring financial income | 75 | €1,991 | €1,263 | -€728 | -36.6% |
| Financial charges | 65/66B | €21,997 | €21,401 | -€597 | -2.7% |
| Recurring financial charges | 65 | €21,997 | €21,401 | -€597 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €50,592 | €65,503 | +€14,911 | +29.5% |
| Income taxes | 67/77 | €15,407 | €20,331 | +€4,925 | +32.0% |
| Profit (loss) for the period | 9904 | €35,185 | €45,172 | +€9,986 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,185 | €45,172 | +€9,986 | +28.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.