RF ENGINEERING: 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.
RF ENGINEERING
Largest movements
- Receivables within one year +€36,250
up €36,250 (+216.4%), from €16,754 to €53,004
of which Trade receivables: +€29,771
- Cash -€8,275
down €8,275 (-9.0%), from €91,648 to €83,373
mainly Receivables within one year (-€36,250) and Contributions, distributions and other (-€29,000)
- Deferred charges and accrued income -€3,303
down €3,303 (-38.4%), from €8,593 to €5,290
- Other debts +€31,783
up €31,783 (+732.6%), from €4,338 to €36,121
- Profit (loss) carried forward -€18,391
down €18,391 (-85.0%), from €21,640 to €3,250
- Trade debts +€11,161
up €11,161 (+565.7%), from €1,973 to €13,134
- Contributions +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Current portion of long-term debt -€3,434
no longer reported in 2024 (was €3,434)
- Gross operating margin -€37,553
down €37,553 (-56.6%), from €66,374 to €28,821
- Taxes -€10,576
down €10,576 (-61.4%), from €17,217 to €6,641
- Other operating charges +€2,482
up €2,482 (+529.0%), from €469 to €2,951
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 | €118,646 | €142,128 | +€23,482 | +19.8% |
| Fixed assets | 21/28 | €1,652 | €462 | -€1,190 | -72.0% |
| Tangible fixed assets | 22/27 | €1,652 | €462 | -€1,190 | -72.0% |
| Furniture and vehicles | 24 | €1,652 | €462 | -€1,190 | -72.0% |
| Current assets | 29/58 | €116,995 | €141,666 | +€24,672 | +21.1% |
| Amounts receivable within one year | 40/41 | €16,754 | €53,004 | +€36,250 | +216.4% |
| Trade receivables | 40 | €16,754 | €46,525 | +€29,771 | +177.7% |
| Other amounts receivable | 41 | - | €6,480 | +€6,480 | |
| Cash at bank and in hand | 54/58 | €91,648 | €83,373 | -€8,275 | -9.0% |
| Deferred charges and accrued income | 490/1 | €8,593 | €5,290 | -€3,303 | -38.4% |
| Total equity and liabilities | 10/49 | €118,646 | €142,128 | +€23,482 | +19.8% |
| Equity | 10/15 | €86,640 | €73,250 | -€13,391 | -15.5% |
| Contributions | 10/11 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,640 | €3,250 | -€18,391 | -85.0% |
| Amounts payable | 17/49 | €32,006 | €68,878 | +€36,873 | +115.2% |
| Amounts payable within one year | 42/48 | €31,566 | €68,438 | +€36,873 | +116.8% |
| Current portion of amounts payable after more than one year | 42 | €3,434 | - | -€3,434 | |
| Trade debts | 44 | €1,973 | €13,134 | +€11,161 | +565.7% |
| Suppliers | 440/4 | €1,973 | €13,134 | +€11,161 | +565.7% |
| Taxes, remuneration and social security | 45 | €21,821 | €19,183 | -€2,637 | -12.1% |
| Taxes | 450/3 | €19,482 | €13,950 | -€5,532 | -28.4% |
| Remuneration and social security | 454/9 | €2,339 | €5,233 | +€2,894 | +123.8% |
| Other amounts payable | 47/48 | €4,338 | €36,121 | +€31,783 | +732.6% |
| Accrued charges and deferred income | 492/3 | €440 | €440 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,404 | €1,190 | -€214 | -15.2% |
| Other operating charges | 640/8 | €469 | €2,951 | +€2,482 | +529.0% |
| Gross operating margin | 9900 | €66,374 | €28,821 | -€37,553 | -56.6% |
| Operating profit (loss) | 9901 | €64,501 | €24,681 | -€39,820 | -61.7% |
| Financial charges | 65/66B | €2,254 | €2,431 | +€176 | +7.8% |
| Recurring financial charges | 65 | €2,254 | €2,431 | +€176 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €62,247 | €22,250 | -€39,996 | -64.3% |
| Income taxes | 67/77 | €17,217 | €6,641 | -€10,576 | -61.4% |
| Profit (loss) for the period | 9904 | €45,030 | €15,609 | -€29,420 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,030 | €15,609 | -€29,420 | -65.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.