RAFIIDERM: 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.
RAFIIDERM
Largest movements
- Intangible fixed assets -€23,800
down €23,800 (-40.1%), from €59,402 to €35,602
- Cash -€3,214
down €3,214 (-13.0%), from €24,642 to €21,427
mainly Debts after one year (-€22,043) and Investment in fixed assets (net) (-€13,518)
- Debts after one year -€22,043
down €22,043 (-22.5%), from €98,129 to €76,086
- Tax, wage and social debts -€3,142
down €3,142 (-93.6%), from €3,356 to €215
of which Remuneration and social security: -€2,190
- Gross operating margin -€463
down €463 (-1.2%), from €39,516 to €39,053
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 | €164,032 | €137,667 | -€26,365 | -16.1% |
| Fixed assets | 21/28 | €136,789 | €113,603 | -€23,186 | -17.0% |
| Intangible fixed assets | 21 | €59,402 | €35,602 | -€23,800 | -40.1% |
| Tangible fixed assets | 22/27 | €77,387 | €78,001 | +€614 | +0.8% |
| Land and buildings | 22 | €69,965 | €60,627 | -€9,338 | -13.3% |
| Plant, machinery and equipment | 23 | €2,566 | €1,245 | -€1,321 | -51.5% |
| Furniture and vehicles | 24 | €698 | €13,634 | +€12,936 | +1,853% |
| Other tangible fixed assets | 26 | €4,158 | €2,495 | -€1,663 | -40.0% |
| Current assets | 29/58 | €27,243 | €24,064 | -€3,179 | -11.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €24,642 | €21,427 | -€3,214 | -13.0% |
| Deferred charges and accrued income | 490/1 | €2,602 | €2,637 | +€35 | +1.4% |
| Total equity and liabilities | 10/49 | €164,032 | €137,667 | -€26,365 | -16.1% |
| Equity | 10/15 | -€15,727 | -€16,289 | -€562 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,327 | -€34,889 | -€562 | -1.6% |
| Amounts payable | 17/49 | €179,759 | €153,956 | -€25,803 | -14.4% |
| Amounts payable after more than one year | 17 | €98,129 | €76,086 | -€22,043 | -22.5% |
| Financial debts | 170/4 | €98,129 | €76,086 | -€22,043 | -22.5% |
| Amounts payable within one year | 42/48 | €81,631 | €77,870 | -€3,761 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €21,699 | €22,043 | +€344 | +1.6% |
| Trade debts | 44 | €328 | €663 | +€336 | +102% |
| Suppliers | 440/4 | €328 | €663 | +€336 | +102% |
| Taxes, remuneration and social security | 45 | €3,356 | €215 | -€3,142 | -93.6% |
| Taxes | 450/3 | €1,166 | €215 | -€951 | -81.6% |
| Remuneration and social security | 454/9 | €2,190 | €0 | -€2,190 | -100% |
| Other amounts payable | 47/48 | €56,248 | €54,949 | -€1,298 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,730 | €36,704 | -€26 | -0.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €39,516 | €39,053 | -€463 | -1.2% |
| Operating profit (loss) | 9901 | €2,399 | €1,949 | -€449 | -18.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,307 | €2,296 | -€11 | -0.5% |
| Recurring financial charges | 65 | €2,307 | €2,296 | -€11 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €91 | -€347 | -€438 | |
| Income taxes | 67/77 | €237 | €215 | -€22 | -9.3% |
| Profit (loss) for the period | 9904 | -€145 | -€562 | -€416 | -287% |
| Profit (loss) for the period to be appropriated | 9905 | -€145 | -€562 | -€416 | -287% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.