RAF REUBENS: 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 REUBENS
Largest movements
- Cash +€59,456
up €59,456 (+164%), from €36,215 to €95,671
mainly Investment in fixed assets (net) (+€52,293) and Net result for the year (+€11,554)
- Financial fixed assets -€52,293
down €52,293 (-24.7%), from €212,000 to €159,707
- Tangible fixed assets -€11,043
down €11,043 (-21.1%), from €52,343 to €41,300
of which Furniture and vehicles: -€10,685
- Tax, wage and social debts +€6,247
up €6,247 (+451%), from €1,385 to €7,632
of which Taxes: +€5,047
- Depreciation +€9,289
up €9,289 (+530%), from €1,753 to €11,043
- Financial income +€2,998
up €2,998 (+63.1%), from €4,752 to €7,750
- Taxes -€1,117
down €1,117 (-20.1%), from €5,547 to €4,430
- Other operating charges -€769
down €769 (-88.1%), from €873 to €104
- Financial charges -€586
down €586 (-4.0%), from €14,738 to €14,152
of which Financial charges: -€586
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 | €566,815 | €565,506 | -€1,310 | -0.2% |
| Fixed assets | 21/28 | €264,343 | €201,007 | -€63,336 | -24.0% |
| Tangible fixed assets | 22/27 | €52,343 | €41,300 | -€11,043 | -21.1% |
| Plant, machinery and equipment | 23 | €1,738 | €1,381 | -€357 | -20.6% |
| Furniture and vehicles | 24 | €50,605 | €39,919 | -€10,685 | -21.1% |
| Financial fixed assets | 28 | €212,000 | €159,707 | -€52,293 | -24.7% |
| Current assets | 29/58 | €302,473 | €364,499 | +€62,026 | +20.5% |
| Amounts receivable within one year | 40/41 | €14,560 | €17,130 | +€2,570 | +17.7% |
| Trade receivables | 40 | €8,470 | €8,986 | +€516 | +6.1% |
| Other amounts receivable | 41 | €6,090 | €8,145 | +€2,054 | +33.7% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,215 | €95,671 | +€59,456 | +164% |
| Deferred charges and accrued income | 490/1 | €1,697 | €1,697 | = | 0.0% |
| Total equity and liabilities | 10/49 | €566,815 | €565,506 | -€1,310 | -0.2% |
| Equity | 10/15 | €531,786 | €530,507 | -€1,279 | -0.2% |
| Contributions | 10/11 | €217,500 | €217,500 | = | 0.0% |
| Reserves | 13 | €314,286 | €313,007 | -€1,279 | -0.4% |
| Distributable reserves | 133 | €314,286 | €313,007 | -€1,279 | -0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,030 | €34,999 | -€31 | -0.1% |
| Amounts payable within one year | 42/48 | €32,303 | €32,858 | +€555 | +1.7% |
| Trade debts | 44 | €1,549 | €248 | -€1,301 | -84.0% |
| Suppliers | 440/4 | €1,549 | €248 | -€1,301 | -84.0% |
| Taxes, remuneration and social security | 45 | €1,385 | €7,632 | +€6,247 | +451% |
| Taxes | 450/3 | €0 | €5,047 | +€5,047 | |
| Remuneration and social security | 454/9 | €1,385 | €2,585 | +€1,200 | +86.6% |
| Other amounts payable | 47/48 | €29,369 | €24,978 | -€4,391 | -15.0% |
| Accrued charges and deferred income | 492/3 | €2,727 | €2,140 | -€587 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,753 | €11,043 | +€9,289 | +530% |
| Other operating charges | 640/8 | €873 | €104 | -€769 | -88.1% |
| Gross operating margin | 9900 | €33,294 | €33,534 | +€240 | +0.7% |
| Operating profit (loss) | 9901 | €30,668 | €22,387 | -€8,281 | -27.0% |
| Financial income | 75/76B | €4,752 | €7,750 | +€2,998 | +63.1% |
| Recurring financial income | 75 | €4,752 | €7,750 | +€2,998 | +63.1% |
| Financial charges | 65/66B | €14,738 | €14,152 | -€586 | -4.0% |
| Recurring financial charges | 65 | €2,694 | €2,109 | -€586 | -21.7% |
| Non-recurring financial charges | 66B | €12,043 | €12,043 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €20,682 | €15,985 | -€4,697 | -22.7% |
| Income taxes | 67/77 | €5,547 | €4,430 | -€1,117 | -20.1% |
| Profit (loss) for the period | 9904 | €15,135 | €11,554 | -€3,580 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,135 | €11,554 | -€3,580 | -23.7% |
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 24 October 2026 via checked.be.