RF 64: what changed
Two fiscal 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.
RF 64
Largest movements
- Cash -€17,585
down €17,585 (-74.1%), from €23,744 to €6,158
mainly Tax, wage and social debts (-€47,087) and Net result for the year (-€44,288)
- Tangible fixed assets -€13,253
down €13,253 (-17.0%), from €77,804 to €64,551
- Deferred charges and accrued income -€4,670
no longer reported in 2024 (was €4,670)
- Tax, wage and social debts -€47,087
down €47,087 (-32.3%), from €145,835 to €98,748
of which Remuneration and social security: -€48,699
- Profit (loss) carried forward -€44,288
down €44,288 (-80.3%), from -€55,148 to -€99,436
- Other debts +€30,000
new in 2024: €30,000
- Short-term financial debts +€15,964
up €15,964 (+8161.7%), from €196 to €16,160
- Debts after one year -€11,762
no longer reported in 2024 (was €11,762)
- Staff costs +€25,168
up €25,168 (+9.1%), from €277,365 to €302,533
- Gross operating margin -€20,496
down €20,496 (-6.5%), from €314,359 to €293,863
- Taxes +€8,481
up €8,481 (+5799.3%), from €146 to €8,628
- Other operating charges -€7,363
down €7,363 (-72.0%), from €10,226 to €2,862
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,891 | €163,058 | -€35,833 | -18.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €85,280 | €72,027 | -€13,253 | -15.5% |
| Tangible fixed assets | 22/27 | €77,804 | €64,551 | -€13,253 | -17.0% |
| Land and buildings | 22 | €18,009 | €17,246 | -€764 | -4.2% |
| Plant, machinery and equipment | 23 | €37,641 | €31,756 | -€5,884 | -15.6% |
| Furniture and vehicles | 24 | €22,154 | €15,549 | -€6,605 | -29.8% |
| Financial fixed assets | 28 | €7,476 | €7,476 | = | 0.0% |
| Current assets | 29/58 | €113,611 | €91,032 | -€22,579 | -19.9% |
| Stocks and contracts in progress | 3 | €19,344 | €18,945 | -€399 | -2.1% |
| Stocks | 30/36 | €19,344 | €18,945 | -€399 | -2.1% |
| Amounts receivable within one year | 40/41 | €65,853 | €65,928 | +€75 | +0.1% |
| Trade receivables | 40 | €50,712 | €56,978 | +€6,267 | +12.4% |
| Other amounts receivable | 41 | €15,141 | €8,950 | -€6,192 | -40.9% |
| Cash at bank and in hand | 54/58 | €23,744 | €6,158 | -€17,585 | -74.1% |
| Deferred charges and accrued income | 490/1 | €4,670 | - | -€4,670 | |
| Total equity and liabilities | 10/49 | €198,891 | €163,058 | -€35,833 | -18.0% |
| Equity | 10/15 | -€33,298 | -€77,586 | -€44,288 | -133.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,148 | -€99,436 | -€44,288 | -80.3% |
| Amounts payable | 17/49 | €232,189 | €240,644 | +€8,455 | +3.6% |
| Amounts payable after more than one year | 17 | €11,762 | - | -€11,762 | |
| Financial debts | 170/4 | €11,762 | - | -€11,762 | |
| Amounts payable within one year | 42/48 | €220,427 | €239,536 | +€19,109 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,864 | +€8,864 | |
| Financial debts | 43 | €196 | €16,160 | +€15,964 | +8161.7% |
| Credit institutions | 430/8 | €196 | €16,160 | +€15,964 | +8161.7% |
| Trade debts | 44 | €74,396 | €85,764 | +€11,368 | +15.3% |
| Suppliers | 440/4 | €74,396 | €85,764 | +€11,368 | +15.3% |
| Taxes, remuneration and social security | 45 | €145,835 | €98,748 | -€47,087 | -32.3% |
| Taxes | 450/3 | €56,708 | €58,320 | +€1,612 | +2.8% |
| Remuneration and social security | 454/9 | €89,128 | €40,429 | -€48,699 | -54.6% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €1,108 | +€1,108 | |
| Remuneration, social security and pensions | 62 | €277,365 | €302,533 | +€25,168 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,935 | €22,259 | +€2,325 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45 | €45 | = | 0.0% |
| Other operating charges | 640/8 | €10,226 | €2,862 | -€7,363 | -72.0% |
| Non-recurring operating charges | 66A | €2,000 | - | -€2,000 | |
| Gross operating margin | 9900 | €314,359 | €293,863 | -€20,496 | -6.5% |
| Operating profit (loss) | 9901 | €4,789 | -€33,836 | -€38,625 | |
| Financial income | 75/76B | €161 | €743 | +€582 | +362.3% |
| Recurring financial income | 75 | €161 | €743 | +€582 | +362.3% |
| Financial charges | 65/66B | €4,786 | €2,568 | -€2,219 | -46.4% |
| Recurring financial charges | 65 | €4,786 | €2,568 | -€2,219 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €164 | -€35,660 | -€35,824 | |
| Income taxes | 67/77 | €146 | €8,628 | +€8,481 | +5799.3% |
| Profit (loss) for the period | 9904 | €17 | -€44,288 | -€44,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €17 | -€44,288 | -€44,306 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.