RAFF PLASTICS: what changed
What changed
RAFF PLASTICS
NACE 38.210, Materials recovery from waste
filed annual accounts (NBB)
Net result for the year
€271,206
2024 · €429,574-€158,368
Equity
€5.6m
2024 · €5.5m+€81,353
Cash
€211,617
2024 · €180,429+€31,188
Balance sheet total
€19.8m
2024 · €21.8m-€2.0m
Largest movements
Assets
- Tangible fixed assets -€2.3m
down €2.3m (-20.8%), from €11.2m to €8.9m
- Stocks and contracts -€587,159
down €587,159 (-19.4%), from €3.0m to €2.4m
- Receivables within one year +€567,466
up €567,466 (+8.0%), from €7.1m to €7.6m
of which Other amounts receivable: +€551,497
Equity and liabilities
- Trade debts -€1.3m
down €1.3m (-22.2%), from €5.9m to €4.6m
- Debts after one year -€1.1m
down €1.1m (-18.2%), from €5.9m to €4.8m
- Accrued charges and deferred income +€265,616
up €265,616 (+1,197%), from €22,198 to €287,814
Income statement
- Goods and materials -€2.6m
down €2.6m (-7.9%), from €32.3m to €29.7m
of which Purchases: -€3.0m
- Services and other goods +€1.1m
up €1.1m (+13.5%), from €8.2m to €9.4m
- Turnover -€504,107
down €504,107 (-1.1%), from €46.3m to €45.8m
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
€429,574
Turnover
-€504,107
Other operating income
+€73,948
Goods and materials
+€2.6m
Services and other goods
-€1.1m
Staff costs
-€322,761
Depreciation
-€277,347
Write-downs
-€181,076
Other operating charges
+€817
Other operating items
-€495,605
Financial income
+€15,558
Financial charges
-€1,411
Taxes
+€75,389
Deferred taxes and other
+€15,676
Result 2025
€271,206
raises the resultlowers the resultnot broken down further in the accounts
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
+€2.0m
Investment
-€794,793
Financing
-€1.2m
Cash 2024
€180,429
From operations (derived)
+€2.0m
Net result for the year
+€271,206
Depreciation
+€3.0m
Stocks and contracts
+€587,159
Receivables within one year
-€567,466
Deferred charges and accrued income
-€141,284
Provisions
-€2,860
Trade debts
-€1.3m
Tax, wage and social debts
-€62,721
Other debts
-€40,784
Accrued charges and deferred income
+€265,616
Investment (derived)
-€794,793
Investment in fixed assets (net)
-€794,793
Financing
-€1.2m
Debts after one year
-€1.1m
Current portion of long-term debt
+€109,022
Short-term financial debts
-€17,309
Contributions, distributions and other
-€189,852
Cash 2025
€211,617
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,812,763 | €19,769,298 | -€2.0m | -9.4% |
| Fixed assets | 21/28 | €11,476,112 | €9,279,869 | -€2.2m | -19.1% |
| Intangible fixed assets | 21 | €259,293 | €384,203 | +€124,910 | +48.2% |
| Tangible fixed assets | 22/27 | €11,215,751 | €8,887,323 | -€2.3m | -20.8% |
| Plant, machinery and equipment | 23 | €3,747,548 | €2,773,049 | -€974,499 | -26.0% |
| Furniture and vehicles | 24 | €223,096 | €166,408 | -€56,688 | -25.4% |
| Leasing and similar rights | 25 | €6,378,236 | €5,283,096 | -€1.1m | -17.2% |
| Other tangible fixed assets | 26 | €866,871 | €664,769 | -€202,102 | -23.3% |
| Financial fixed assets | 28 | €1,068 | €8,343 | +€7,275 | +681% |
| Other financial fixed assets | 284/8 | €1,068 | €8,343 | +€7,275 | +681% |
| Amounts receivable and cash guarantees | 285/8 | €1,068 | €8,343 | +€7,275 | +681% |
| Current assets | 29/58 | €10,336,651 | €10,489,430 | +€152,778 | +1.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €3,033,595 | €2,446,435 | -€587,159 | -19.4% |
| Stocks | 30/36 | €3,033,595 | €2,446,435 | -€587,159 | -19.4% |
| Raw materials and consumables | 30/31 | €1,316,743 | €1,251,030 | -€65,713 | -5.0% |
| Work in progress | 32 | €1,380,383 | €852,811 | -€527,573 | -38.2% |
| Finished goods | 33 | €336,468 | €342,594 | +€6,127 | +1.8% |
| Amounts receivable within one year | 40/41 | €7,067,872 | €7,635,338 | +€567,466 | +8.0% |
| Trade receivables | 40 | €5,300,076 | €5,316,045 | +€15,969 | +0.3% |
| Other amounts receivable | 41 | €1,767,795 | €2,319,293 | +€551,497 | +31.2% |
| Cash at bank and in hand | 54/58 | €180,429 | €211,617 | +€31,188 | +17.3% |
| Deferred charges and accrued income | 490/1 | €54,756 | €196,040 | +€141,284 | +258% |
| Total equity and liabilities | 10/49 | €21,812,763 | €19,769,298 | -€2.0m | -9.4% |
| Equity | 10/15 | €5,499,946 | €5,581,299 | +€81,353 | +1.5% |
| Contributions | 10/11 | €96,403 | €96,403 | = | 0.0% |
| Capital | 10 | €96,403 | €96,403 | = | 0.0% |
| Issued capital | 100 | €96,403 | €96,403 | = | 0.0% |
| Reserves | 13 | €5,113,204 | €5,248,807 | +€135,603 | +2.7% |
| Non-distributable reserves | 130/1 | €9,640 | €9,640 | = | 0.0% |
| Legal reserve | 130 | €9,640 | €9,640 | = | 0.0% |
| Distributable reserves | 133 | €5,103,564 | €5,239,166 | +€135,603 | +2.7% |
| Investment grants | 15 | €290,338 | €236,089 | -€54,250 | -18.7% |
| Provisions and deferred taxes | 16 | €2,860 | €0 | -€2,860 | -100% |
| Deferred taxes | 168 | €2,860 | €0 | -€2,860 | -100% |
| Amounts payable | 17/49 | €16,309,957 | €14,187,999 | -€2.1m | -13.0% |
| Amounts payable after more than one year | 17 | €5,884,605 | €4,811,317 | -€1.1m | -18.2% |
| Financial debts | 170/4 | €5,884,605 | €4,811,317 | -€1.1m | -18.2% |
| Leasing and similar obligations | 172 | €5,271,724 | €4,203,167 | -€1.1m | -20.3% |
| Credit institutions | 173 | €612,881 | €608,150 | -€4,731 | -0.8% |
| Amounts payable within one year | 42/48 | €10,403,154 | €9,088,869 | -€1.3m | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €1,868,462 | €1,977,483 | +€109,022 | +5.8% |
| Financial debts | 43 | €2,149,071 | €2,131,762 | -€17,309 | -0.8% |
| Credit institutions | 430/8 | €2,149,071 | €2,131,762 | -€17,309 | -0.8% |
| Trade debts | 44 | €5,866,842 | €4,564,348 | -€1.3m | -22.2% |
| Suppliers | 440/4 | €5,866,842 | €4,564,348 | -€1.3m | -22.2% |
| Taxes, remuneration and social security | 45 | €300,453 | €237,732 | -€62,721 | -20.9% |
| Taxes | 450/3 | €20,664 | €23,841 | +€3,177 | +15.4% |
| Remuneration and social security | 454/9 | €279,789 | €213,891 | -€65,897 | -23.6% |
| Other amounts payable | 47/48 | €218,327 | €177,543 | -€40,784 | -18.7% |
| Accrued charges and deferred income | 492/3 | €22,198 | €287,814 | +€265,616 | +1,197% |
| Operating income | 70/76A | €46,351,171 | €45,469,688 | -€881,483 | -1.9% |
| Turnover | 70 | €46,280,290 | €45,776,183 | -€504,107 | -1.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€81,232 | -€521,446 | -€440,214 | -542% |
| Other operating income | 74 | €141,003 | €214,951 | +€73,948 | +52.4% |
| Non-recurring operating income | 76A | €11,111 | €0 | -€11,111 | -100% |
| Operating charges | 60/66A | €45,500,755 | €44,882,851 | -€617,903 | -1.4% |
| Goods for resale, raw materials and consumables | 60 | €32,265,480 | €29,711,049 | -€2.6m | -7.9% |
| Purchases | 600/8 | €32,606,188 | €29,645,336 | -€3.0m | -9.1% |
| Change in stocks: decrease (increase) | 609 | -€340,708 | €65,713 | +€406,421 | |
| Services and other goods | 61 | €8,243,590 | €9,355,470 | +€1.1m | +13.5% |
| Remuneration, social security and pensions | 62 | €2,265,122 | €2,587,883 | +€322,761 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,713,689 | €2,991,036 | +€277,347 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €181,076 | +€181,076 | |
| Other operating charges | 640/8 | €11,157 | €10,340 | -€817 | -7.3% |
| Non-recurring operating charges | 66A | €1,717 | €45,997 | +€44,281 | +2,579% |
| Operating profit (loss) | 9901 | €850,417 | €586,837 | -€263,580 | -31.0% |
| Financial income | 75/76B | €89,425 | €104,984 | +€15,558 | +17.4% |
| Recurring financial income | 75 | €89,425 | €104,984 | +€15,558 | +17.4% |
| Income from current assets | 751 | €20,937 | €25,250 | +€4,313 | +20.6% |
| Other financial income | 752/9 | €68,488 | €79,734 | +€11,245 | +16.4% |
| Financial charges | 65/66B | €350,134 | €351,545 | +€1,411 | +0.4% |
| Recurring financial charges | 65 | €350,134 | €351,545 | +€1,411 | +0.4% |
| Debt charges | 650 | €317,373 | €288,786 | -€28,587 | -9.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €10,500 | +€10,500 | |
| Other financial charges | 652/9 | €32,761 | €52,259 | +€19,497 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €589,708 | €340,275 | -€249,433 | -42.3% |
| Transfer from deferred taxes | 780 | €640 | €0 | -€640 | -100% |
| Transfer to deferred taxes | 680 | €16,956 | €640 | -€16,316 | -96.2% |
| Income taxes | 67/77 | €143,818 | €68,430 | -€75,389 | -52.4% |
| Taxes | 670/3 | €143,818 | €74,248 | -€69,571 | -48.4% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €5,818 | +€5,818 | |
| Profit (loss) for the period | 9904 | €429,574 | €271,206 | -€158,368 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €429,574 | €271,206 | -€158,368 | -36.9% |
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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 6 November 2026 via checked.be.