RAFI et SONS: what changed
RAFI et SONS
Largest movements
- Cash -€22,547
down €22,547 (-67.9%), from €33,186 to €10,639
mainly Other debts (-€35,000) and Receivables within one year (-€5,445)
- Receivables within one year +€5,445
up €5,445 (+16.1%), from €33,789 to €39,234
of which Trade receivables: +€8,470
- Other debts -€35,000
down €35,000 (-23.3%), from €150,435 to €115,435
- Profit (loss) carried forward +€17,224
up €17,224 (+16.9%), from -€101,980 to -€84,756
- Gross operating margin +€7,031
up €7,031 (+64.8%), from €10,852 to €17,884
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 | €68,907 | €51,665 | -€17,243 | -25.0% |
| Fixed assets | 21/28 | €1,932 | €1,792 | -€141 | -7.3% |
| Tangible fixed assets | 22/27 | €1,906 | €1,765 | -€141 | -7.4% |
| Furniture and vehicles | 24 | €1,596 | €1,533 | -€63 | -3.9% |
| Other tangible fixed assets | 26 | €310 | €232 | -€78 | -25.0% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €66,975 | €49,873 | -€17,102 | -25.5% |
| Amounts receivable within one year | 40/41 | €33,789 | €39,234 | +€5,445 | +16.1% |
| Trade receivables | 40 | €30,130 | €38,600 | +€8,470 | +28.1% |
| Other amounts receivable | 41 | €3,659 | €634 | -€3,025 | -82.7% |
| Cash at bank and in hand | 54/58 | €33,186 | €10,639 | -€22,547 | -67.9% |
| Total equity and liabilities | 10/49 | €68,907 | €51,665 | -€17,243 | -25.0% |
| Equity | 10/15 | -€81,528 | -€64,303 | +€17,224 | +21.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,980 | -€84,756 | +€17,224 | +16.9% |
| Amounts payable | 17/49 | €150,435 | €115,968 | -€34,467 | -22.9% |
| Amounts payable within one year | 42/48 | €150,435 | €115,968 | -€34,467 | -22.9% |
| Taxes, remuneration and social security | 45 | - | €533 | +€533 | |
| Taxes | 450/3 | - | €533 | +€533 | |
| Other amounts payable | 47/48 | €150,435 | €115,435 | -€35,000 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €141 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,852 | €17,884 | +€7,031 | +64.8% |
| Operating profit (loss) | 9901 | €10,325 | €17,343 | +€7,019 | +68.0% |
| Financial charges | 65/66B | €179 | €119 | -€60 | -33.5% |
| Recurring financial charges | 65 | €179 | €119 | -€60 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €10,146 | €17,224 | +€7,079 | +69.8% |
| Profit (loss) for the period | 9904 | €10,146 | €17,224 | +€7,079 | +69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,146 | €17,224 | +€7,079 | +69.8% |
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 2 November 2026 via checked.be.