RAF SEYMUS: 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 SEYMUS
Largest movements
- Financial fixed assets -€148,817
down €148,817 (-99.9%), from €148,942 to €125
- Tangible fixed assets -€13,597
down €13,597 (-27.7%), from €49,146 to €35,549
of which Furniture and vehicles: -€7,777
- Deferred charges and accrued income +€2,794
up €2,794 (+268%), from €1,044 to €3,838
- Profit (loss) carried forward -€211,102
down €211,102 (-175%), from -€120,824 to -€331,926
- Other debts +€50,153
up €50,153 (+23.3%), from €215,386 to €265,539
- Financial charges +€212,284
up €212,284 (+4,440%), from €4,781 to €217,065
of which Non-recurring financial charges: +€148,817
- Gross operating margin +€67,313
up €67,313, from -€44,377 to €22,936
- Depreciation -€1,573
down €1,573 (-9.2%), from €17,011 to €15,438
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 | €227,180 | €66,820 | -€160,360 | -70.6% |
| Fixed assets | 21/28 | €198,088 | €35,674 | -€162,413 | -82.0% |
| Tangible fixed assets | 22/27 | €49,146 | €35,549 | -€13,597 | -27.7% |
| Plant, machinery and equipment | 23 | €1,217 | €390 | -€827 | -68.0% |
| Furniture and vehicles | 24 | €13,086 | €5,309 | -€7,777 | -59.4% |
| Other tangible fixed assets | 26 | €34,843 | €29,850 | -€4,993 | -14.3% |
| Financial fixed assets | 28 | €148,942 | €125 | -€148,817 | -99.9% |
| Current assets | 29/58 | €29,092 | €31,145 | +€2,053 | +7.1% |
| Amounts receivable within one year | 40/41 | €28,042 | €27,293 | -€749 | -2.7% |
| Trade receivables | 40 | €250 | €1,128 | +€877 | +350% |
| Other amounts receivable | 41 | €27,792 | €26,166 | -€1,626 | -5.8% |
| Cash at bank and in hand | 54/58 | €6 | €14 | +€8 | +139% |
| Deferred charges and accrued income | 490/1 | €1,044 | €3,838 | +€2,794 | +268% |
| Total equity and liabilities | 10/49 | €227,180 | €66,820 | -€160,360 | -70.6% |
| Equity | 10/15 | €10,526 | -€200,576 | -€211,102 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,750 | €112,750 | = | 0.0% |
| Distributable reserves | 133 | €112,750 | €112,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,824 | -€331,926 | -€211,102 | -175% |
| Amounts payable | 17/49 | €216,654 | €267,395 | +€50,742 | +23.4% |
| Amounts payable within one year | 42/48 | €215,707 | €266,529 | +€50,822 | +23.6% |
| Trade debts | 44 | €263 | €991 | +€728 | +277% |
| Suppliers | 440/4 | €263 | €991 | +€728 | +277% |
| Taxes, remuneration and social security | 45 | €58 | - | -€58 | |
| Taxes | 450/3 | €58 | - | -€58 | |
| Other amounts payable | 47/48 | €215,386 | €265,539 | +€50,153 | +23.3% |
| Accrued charges and deferred income | 492/3 | €946 | €866 | -€80 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,011 | €15,438 | -€1,573 | -9.2% |
| Other operating charges | 640/8 | €1,414 | €1,249 | -€164 | -11.6% |
| Gross operating margin | 9900 | -€44,377 | €22,936 | +€67,313 | |
| Operating profit (loss) | 9901 | -€62,801 | €6,249 | +€69,050 | |
| Financial charges | 65/66B | €4,781 | €217,065 | +€212,284 | +4,440% |
| Recurring financial charges | 65 | €4,781 | €68,249 | +€63,468 | +1,327% |
| Non-recurring financial charges | 66B | - | €148,817 | +€148,817 | |
| Profit (loss) for the period before taxes | 9903 | -€67,582 | -€210,817 | -€143,234 | -212% |
| Income taxes | 67/77 | €358 | €285 | -€73 | -20.5% |
| Profit (loss) for the period | 9904 | -€67,941 | -€211,102 | -€143,161 | -211% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,941 | -€211,102 | -€143,161 | -211% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.