RAFPRO: 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.
RAFPRO
Largest movements
- Stocks and contracts -€169,705
no longer reported in 2025 (was €169,705)
- Cash +€64,648
up €64,648 (+185.6%), from €34,840 to €99,488
mainly Net result for the year (+€175,840) and Stocks and contracts (+€169,705)
- Tangible fixed assets -€21,798
down €21,798 (-79.3%), from €27,497 to €5,699
- Contributions -€200,000
down €200,000 (-80.0%), from €250,000 to €50,000
- Reserves +€116,211
new in 2025: €116,211
- Other debts -€93,865
no longer reported in 2025 (was €93,865)
- Tax, wage and social debts +€29,768
up €29,768 (+2976.8%), from €1,000 to €30,768
of which Taxes: +€30,768
- Accrued charges and deferred income +€10,468
up €10,468 (+2617.0%), from €400 to €10,868
- Gross operating margin +€256,705
up €256,705 (+1502.4%), from €17,086 to €273,791
- Taxes +€56,864
new in 2025: €56,864
- Other operating charges +€14,487
up €14,487 (+2511.7%), from €577 to €15,064
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 | €336,027 | €208,323 | -€127,704 | -38.0% |
| Fixed assets | 21/28 | €127,497 | €105,699 | -€21,798 | -17.1% |
| Tangible fixed assets | 22/27 | €27,497 | €5,699 | -€21,798 | -79.3% |
| Furniture and vehicles | 24 | €27,497 | €5,699 | -€21,798 | -79.3% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €208,530 | €102,624 | -€105,906 | -50.8% |
| Stocks and contracts in progress | 3 | €169,705 | - | -€169,705 | |
| Stocks | 30/36 | €169,705 | - | -€169,705 | |
| Amounts receivable within one year | 40/41 | €3,939 | €3,136 | -€803 | -20.4% |
| Trade receivables | 40 | €2,420 | - | -€2,420 | |
| Other amounts receivable | 41 | €1,519 | €3,136 | +€1,617 | +106.4% |
| Cash at bank and in hand | 54/58 | €34,840 | €99,488 | +€64,648 | +185.6% |
| Deferred charges and accrued income | 490/1 | €46 | - | -€46 | |
| Total equity and liabilities | 10/49 | €336,027 | €208,323 | -€127,704 | -38.0% |
| Equity | 10/15 | €240,372 | €166,211 | -€74,160 | -30.9% |
| Contributions | 10/11 | €250,000 | €50,000 | -€200,000 | -80.0% |
| Reserves | 13 | - | €116,211 | +€116,211 | |
| Distributable reserves | 133 | - | €116,211 | +€116,211 | |
| Profit (loss) carried forward | 14 | -€9,628 | - | +€9,628 | |
| Amounts payable | 17/49 | €95,656 | €42,112 | -€53,544 | -56.0% |
| Amounts payable within one year | 42/48 | €95,256 | €31,244 | -€64,012 | -67.2% |
| Trade debts | 44 | €390 | €476 | +€86 | +21.9% |
| Suppliers | 440/4 | €390 | €476 | +€86 | +21.9% |
| Taxes, remuneration and social security | 45 | €1,000 | €30,768 | +€29,768 | +2976.8% |
| Taxes | 450/3 | - | €30,768 | +€30,768 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €93,865 | - | -€93,865 | |
| Accrued charges and deferred income | 492/3 | €400 | €10,868 | +€10,468 | +2617.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,798 | €21,798 | = | 0.0% |
| Other operating charges | 640/8 | €577 | €15,064 | +€14,487 | +2511.7% |
| Gross operating margin | 9900 | €17,086 | €273,791 | +€256,705 | +1502.4% |
| Operating profit (loss) | 9901 | -€5,289 | €236,929 | +€242,218 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,026 | €4,226 | -€801 | -15.9% |
| Recurring financial charges | 65 | €5,026 | €4,226 | -€801 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,315 | €232,704 | +€243,019 | |
| Income taxes | 67/77 | - | €56,864 | +€56,864 | |
| Profit (loss) for the period | 9904 | -€10,315 | €175,840 | +€186,154 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,315 | €175,840 | +€186,154 |
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 12 October 2026 via checked.be.