RAF ROELANTS: what changed
RAF ROELANTS
Largest movements
- Stocks and contracts +€59,828
up €59,828 (+66.3%), from €90,236 to €150,064
of which Stocks: +€52,322
- Cash +€32,591
up €32,591 (+55.4%), from €58,858 to €91,449
mainly Net result for the year (+€69,704) and Tax, wage and social debts (+€23,061)
- Receivables within one year -€17,380
down €17,380 (-36.7%), from €47,315 to €29,936
of which Trade receivables: -€13,248
- Tangible fixed assets +€10,656
up €10,656 (+24.3%), from €43,785 to €54,441
of which Furniture and vehicles: +€10,296
- Reserves +€53,144
up €53,144 (+31.8%), from €167,098 to €220,242
of which Distributable reserves: +€53,144
- Trade debts -€25,076
down €25,076 (-52.6%), from €47,637 to €22,561
- Tax, wage and social debts +€23,061
up €23,061 (+96.1%), from €24,005 to €47,066
of which Taxes: +€17,344
- Profit (loss) carried forward +€16,560
up €16,560, from -€16,560 to €0
- Debts after one year +€15,819
up €15,819 (+1,005%), from €1,574 to €17,393
of which Other amounts payable: +€17,393
- Gross operating margin +€158,498
up €158,498 (+206%), from €76,797 to €235,296
- Staff costs +€41,012
up €41,012 (+51.0%), from €80,423 to €121,434
- Taxes +€24,590
up €24,590 (+9,777%), from €252 to €24,841
- Depreciation +€4,147
up €4,147 (+38.5%), from €10,778 to €14,925
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,493 | €328,429 | +€85,936 | +35.4% |
| Fixed assets | 21/28 | €43,785 | €54,441 | +€10,656 | +24.3% |
| Tangible fixed assets | 22/27 | €43,785 | €54,441 | +€10,656 | +24.3% |
| Plant, machinery and equipment | 23 | €18,096 | €16,806 | -€1,290 | -7.1% |
| Furniture and vehicles | 24 | €9,064 | €19,359 | +€10,296 | +114% |
| Other tangible fixed assets | 26 | €16,625 | €18,276 | +€1,650 | +9.9% |
| Current assets | 29/58 | €198,708 | €273,988 | +€75,279 | +37.9% |
| Stocks and contracts in progress | 3 | €90,236 | €150,064 | +€59,828 | +66.3% |
| Stocks | 30/36 | €88,601 | €140,923 | +€52,322 | +59.1% |
| Contracts in progress | 37 | €1,635 | €9,141 | +€7,506 | +459% |
| Amounts receivable within one year | 40/41 | €47,315 | €29,936 | -€17,380 | -36.7% |
| Trade receivables | 40 | €39,714 | €26,466 | -€13,248 | -33.4% |
| Other amounts receivable | 41 | €7,602 | €3,470 | -€4,132 | -54.4% |
| Cash at bank and in hand | 54/58 | €58,858 | €91,449 | +€32,591 | +55.4% |
| Deferred charges and accrued income | 490/1 | €2,299 | €2,540 | +€240 | +10.5% |
| Total equity and liabilities | 10/49 | €242,493 | €328,429 | +€85,936 | +35.4% |
| Equity | 10/15 | €162,938 | €232,642 | +€69,704 | +42.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €167,098 | €220,242 | +€53,144 | +31.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €165,238 | €218,382 | +€53,144 | +32.2% |
| Profit (loss) carried forward | 14 | -€16,560 | €0 | +€16,560 | |
| Amounts payable | 17/49 | €79,555 | €95,787 | +€16,232 | +20.4% |
| Amounts payable after more than one year | 17 | €1,574 | €17,393 | +€15,819 | +1,005% |
| Financial debts | 170/4 | €1,574 | €0 | -€1,574 | -100% |
| Other amounts payable | 178/9 | - | €17,393 | +€17,393 | |
| Amounts payable within one year | 42/48 | €77,940 | €72,488 | -€5,452 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €6,298 | €1,569 | -€4,729 | -75.1% |
| Financial debts | 43 | €0 | €160 | +€160 | |
| Credit institutions | 430/8 | €0 | €160 | +€160 | |
| Trade debts | 44 | €47,637 | €22,561 | -€25,076 | -52.6% |
| Suppliers | 440/4 | €47,637 | €22,561 | -€25,076 | -52.6% |
| Taxes, remuneration and social security | 45 | €24,005 | €47,066 | +€23,061 | +96.1% |
| Taxes | 450/3 | €15,234 | €32,578 | +€17,344 | +114% |
| Remuneration and social security | 454/9 | €8,771 | €14,489 | +€5,717 | +65.2% |
| Other amounts payable | 47/48 | €0 | €1,132 | +€1,132 | |
| Accrued charges and deferred income | 492/3 | €40 | €5,905 | +€5,865 | +14,663% |
| Remuneration, social security and pensions | 62 | €80,423 | €121,434 | +€41,012 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,778 | €14,925 | +€4,147 | +38.5% |
| Other operating charges | 640/8 | €2,192 | €3,339 | +€1,147 | +52.3% |
| Gross operating margin | 9900 | €76,797 | €235,296 | +€158,498 | +206% |
| Operating profit (loss) | 9901 | -€16,595 | €95,597 | +€112,192 | |
| Financial income | 75/76B | €1,538 | €44 | -€1,495 | -97.2% |
| Recurring financial income | 75 | €1,538 | €44 | -€1,495 | -97.2% |
| Financial charges | 65/66B | €1,252 | €1,096 | -€156 | -12.5% |
| Recurring financial charges | 65 | €1,252 | €1,096 | -€156 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,308 | €94,545 | +€110,853 | |
| Income taxes | 67/77 | €252 | €24,841 | +€24,590 | +9,777% |
| Profit (loss) for the period | 9904 | -€16,560 | €69,704 | +€86,264 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,560 | €69,704 | +€86,264 |
Next steps
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 4 November 2026 via checked.be.