RAF VAESSEN: what changed
Two fiscal 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 VAESSEN
Largest movements
- Tangible fixed assets -€24,625
down €24,625 (-3.8%), from €641,706 to €617,081
of which Land and buildings: -€16,739
- Receivables within one year -€23,119
down €23,119 (-68.5%), from €33,737 to €10,618
of which Trade receivables: -€18,119
- Cash +€8,847
up €8,847 (+205.3%), from €4,310 to €13,157
mainly Depreciation (+€32,396) and Receivables within one year (+€23,119)
- Debts after one year -€42,487
down €42,487 (-9.2%), from €463,665 to €421,178
- Profit (loss) carried forward -€14,469
down €14,469 (-31.5%), from €45,951 to €31,482
- Advances received +€14,250
new in 2025: €14,250
- Trade debts +€8,561
up €8,561 (+68.0%), from €12,588 to €21,149
- Gross operating margin +€15,341
up €15,341 (+89.7%), from €17,104 to €32,445
- Financial charges +€2,304
up €2,304 (+29.0%), from €7,939 to €10,243
- Depreciation +€1,816
up €1,816 (+5.9%), from €30,580 to €32,396
- Other operating charges -€852
down €852 (-16.6%), from €5,128 to €4,276
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.
Cash bridge derived
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 | €680,205 | €641,323 | -€38,882 | -5.7% |
| Fixed assets | 21/28 | €641,706 | €617,081 | -€24,625 | -3.8% |
| Tangible fixed assets | 22/27 | €641,706 | €617,081 | -€24,625 | -3.8% |
| Land and buildings | 22 | €595,305 | €578,566 | -€16,739 | -2.8% |
| Plant, machinery and equipment | 23 | €4,129 | €10,014 | +€5,885 | +142.5% |
| Furniture and vehicles | 24 | €12,715 | €4,804 | -€7,911 | -62.2% |
| Other tangible fixed assets | 26 | €29,557 | €23,697 | -€5,860 | -19.8% |
| Current assets | 29/58 | €38,499 | €24,242 | -€14,257 | -37.0% |
| Amounts receivable within one year | 40/41 | €33,737 | €10,618 | -€23,119 | -68.5% |
| Trade receivables | 40 | €28,604 | €10,485 | -€18,119 | -63.3% |
| Other amounts receivable | 41 | €5,133 | €133 | -€5,000 | -97.4% |
| Cash at bank and in hand | 54/58 | €4,310 | €13,157 | +€8,847 | +205.3% |
| Deferred charges and accrued income | 490/1 | €452 | €467 | +€15 | +3.3% |
| Total equity and liabilities | 10/49 | €680,205 | €641,323 | -€38,882 | -5.7% |
| Equity | 10/15 | €151,601 | €137,132 | -€14,469 | -9.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Outside capital | 11 | €19,000 | €19,000 | = | 0.0% |
| Share premium | 1100/10 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €86,650 | €86,650 | = | 0.0% |
| Distributable reserves | 133 | €86,650 | €86,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,951 | €31,482 | -€14,469 | -31.5% |
| Amounts payable | 17/49 | €528,604 | €504,191 | -€24,413 | -4.6% |
| Amounts payable after more than one year | 17 | €463,665 | €421,178 | -€42,487 | -9.2% |
| Financial debts | 170/4 | €463,665 | €421,178 | -€42,487 | -9.2% |
| Amounts payable within one year | 42/48 | €62,740 | €80,801 | +€18,061 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €34,986 | €35,405 | +€419 | +1.2% |
| Trade debts | 44 | €12,588 | €21,149 | +€8,561 | +68.0% |
| Suppliers | 440/4 | €12,588 | €21,149 | +€8,561 | +68.0% |
| Advances received on contracts in progress | 46 | - | €14,250 | +€14,250 | |
| Taxes, remuneration and social security | 45 | €7,140 | €5,122 | -€2,018 | -28.3% |
| Taxes | 450/3 | €7,140 | €5,122 | -€2,018 | -28.3% |
| Other amounts payable | 47/48 | €8,026 | €4,875 | -€3,151 | -39.3% |
| Accrued charges and deferred income | 492/3 | €2,199 | €2,212 | +€13 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,580 | €32,396 | +€1,816 | +5.9% |
| Other operating charges | 640/8 | €5,128 | €4,276 | -€852 | -16.6% |
| Gross operating margin | 9900 | €17,104 | €32,445 | +€15,341 | +89.7% |
| Operating profit (loss) | 9901 | -€18,604 | -€4,227 | +€14,377 | +77.3% |
| Financial income | 75/76B | €63 | €1 | -€62 | -98.4% |
| Recurring financial income | 75 | €63 | €1 | -€62 | -98.4% |
| Financial charges | 65/66B | €7,939 | €10,243 | +€2,304 | +29.0% |
| Recurring financial charges | 65 | €7,939 | €10,243 | +€2,304 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,480 | -€14,469 | +€12,011 | +45.4% |
| Profit (loss) for the period | 9904 | -€26,480 | -€14,469 | +€12,011 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,480 | -€14,469 | +€12,011 | +45.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.