RAFTI TECH: 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.
RAFTI TECH
Largest movements
- Tangible fixed assets +€12,123
up €12,123 (+18.1%), from €67,046 to €79,169
of which Plant, machinery and equipment: +€33,107
- Cash -€1,743
down €1,743 (-8.4%), from €20,735 to €18,992
mainly Investment in fixed assets (net) (-€40,872) and Other debts (-€1,955)
- Receivables within one year +€1,591
up €1,591 (+6.9%), from €22,943 to €24,534
of which Other amounts receivable: +€1,001
- Debts after one year +€15,841
up €15,841 (+81.6%), from €19,402 to €35,243
- Other debts -€1,955
down €1,955 (-15.3%), from €12,741 to €10,786
- Gross operating margin -€12,526
down €12,526 (-28.2%), from €44,496 to €31,970
- Depreciation +€4,785
up €4,785 (+20.0%), from €23,963 to €28,749
- Taxes -€2,586
down €2,586 (-83.2%), from €3,106 to €520
- Other operating charges -€2,530
down €2,530 (-55.9%), from €4,527 to €1,997
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 | €123,453 | €135,425 | +€11,972 | +9.7% |
| Fixed assets | 21/28 | €79,776 | €91,899 | +€12,123 | +15.2% |
| Tangible fixed assets | 22/27 | €67,046 | €79,169 | +€12,123 | +18.1% |
| Plant, machinery and equipment | 23 | €21,188 | €54,296 | +€33,107 | +156.3% |
| Furniture and vehicles | 24 | €13,530 | €5,930 | -€7,600 | -56.2% |
| Leasing and similar rights | 25 | €32,328 | €18,944 | -€13,384 | -41.4% |
| Financial fixed assets | 28 | €12,730 | €12,730 | = | 0.0% |
| Current assets | 29/58 | €43,677 | €43,526 | -€151 | -0.3% |
| Amounts receivable within one year | 40/41 | €22,943 | €24,534 | +€1,591 | +6.9% |
| Trade receivables | 40 | €14,542 | €15,132 | +€591 | +4.1% |
| Other amounts receivable | 41 | €8,401 | €9,401 | +€1,001 | +11.9% |
| Cash at bank and in hand | 54/58 | €20,735 | €18,992 | -€1,743 | -8.4% |
| Total equity and liabilities | 10/49 | €123,453 | €135,425 | +€11,972 | +9.7% |
| Equity | 10/15 | €66,180 | €65,526 | -€654 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €34,300 | €34,300 | = | 0.0% |
| Distributable reserves | 133 | €34,300 | €34,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,880 | €11,226 | -€654 | -5.5% |
| Amounts payable | 17/49 | €57,274 | €69,900 | +€12,626 | +22.0% |
| Amounts payable after more than one year | 17 | €19,402 | €35,243 | +€15,841 | +81.6% |
| Financial debts | 170/4 | €19,402 | €35,243 | +€15,841 | +81.6% |
| Amounts payable within one year | 42/48 | €37,872 | €34,657 | -€3,215 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €18,862 | €17,837 | -€1,025 | -5.4% |
| Trade debts | 44 | €6,163 | €6,034 | -€130 | -2.1% |
| Suppliers | 440/4 | €6,163 | €6,034 | -€130 | -2.1% |
| Taxes, remuneration and social security | 45 | €106 | - | -€106 | |
| Taxes | 450/3 | €106 | - | -€106 | |
| Other amounts payable | 47/48 | €12,741 | €10,786 | -€1,955 | -15.3% |
| Remuneration, social security and pensions | 62 | - | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,963 | €28,749 | +€4,785 | +20.0% |
| Other operating charges | 640/8 | €4,527 | €1,997 | -€2,530 | -55.9% |
| Gross operating margin | 9900 | €44,496 | €31,970 | -€12,526 | -28.2% |
| Operating profit (loss) | 9901 | €16,005 | €1,219 | -€14,787 | -92.4% |
| Financial charges | 65/66B | €1,757 | €1,352 | -€404 | -23.0% |
| Recurring financial charges | 65 | €1,757 | €1,352 | -€404 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €14,249 | -€133 | -€14,382 | |
| Income taxes | 67/77 | €3,106 | €520 | -€2,586 | -83.2% |
| Profit (loss) for the period | 9904 | €11,143 | -€654 | -€11,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,143 | -€654 | -€11,797 |
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.