RF IMPACT: 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 IMPACT
Largest movements
- Tangible fixed assets -€1,311
down €1,311 (-7.5%), from €17,413 to €16,102
of which Other tangible fixed assets: -€1,526
- Deferred charges and accrued income +€516
up €516 (+92.2%), from €560 to €1,076
- Current portion of long-term debt +€4,000
new in 2025: €4,000
- Profit (loss) carried forward -€3,841
down €3,841 (-89.5%), from -€4,294 to -€8,136
- Tax, wage and social debts -€1,362
down €1,362 (-13.9%), from €9,822 to €8,459
of which Taxes: -€2,862
- Other debts +€1,351
new in 2025: €1,351
- Trade debts -€584
down €584 (-6.9%), from €8,445 to €7,861
- Gross operating margin +€5,752
up €5,752 (+19.4%), from €29,662 to €35,415
- Staff costs +€3,597
up €3,597 (+12.8%), from €28,209 to €31,806
- Depreciation +€770
up €770 (+21.7%), from €3,542 to €4,311
- Financial income -€582
down €582 (-99.0%), from €588 to €6
- Other operating charges +€401
up €401 (+22.9%), from €1,750 to €2,151
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 | €33,450 | €32,821 | -€628 | -1.9% |
| Fixed assets | 21/28 | €18,455 | €17,144 | -€1,311 | -7.1% |
| Tangible fixed assets | 22/27 | €17,413 | €16,102 | -€1,311 | -7.5% |
| Plant, machinery and equipment | 23 | €665 | €256 | -€409 | -61.5% |
| Furniture and vehicles | 24 | €3,941 | €4,564 | +€624 | +15.8% |
| Other tangible fixed assets | 26 | €12,807 | €11,281 | -€1,526 | -11.9% |
| Financial fixed assets | 28 | €1,042 | €1,042 | = | 0.0% |
| Current assets | 29/58 | €14,994 | €15,677 | +€683 | +4.6% |
| Amounts receivable within one year | 40/41 | €13,888 | €14,106 | +€217 | +1.6% |
| Trade receivables | 40 | €6,938 | €10,106 | +€3,167 | +45.7% |
| Other amounts receivable | 41 | €6,950 | €4,000 | -€2,950 | -42.4% |
| Cash at bank and in hand | 54/58 | €546 | €495 | -€51 | -9.3% |
| Deferred charges and accrued income | 490/1 | €560 | €1,076 | +€516 | +92.2% |
| Total equity and liabilities | 10/49 | €33,450 | €32,821 | -€628 | -1.9% |
| Equity | 10/15 | €14,992 | €11,150 | -€3,841 | -25.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €11,786 | €11,786 | = | 0.0% |
| Distributable reserves | 133 | €11,786 | €11,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,294 | -€8,136 | -€3,841 | -89.5% |
| Amounts payable | 17/49 | €18,458 | €21,671 | +€3,213 | +17.4% |
| Amounts payable within one year | 42/48 | €18,267 | €21,671 | +€3,405 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,000 | +€4,000 | |
| Trade debts | 44 | €8,445 | €7,861 | -€584 | -6.9% |
| Suppliers | 440/4 | €8,445 | €7,861 | -€584 | -6.9% |
| Taxes, remuneration and social security | 45 | €9,822 | €8,459 | -€1,362 | -13.9% |
| Taxes | 450/3 | €9,822 | €6,959 | -€2,862 | -29.1% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | - | €1,351 | +€1,351 | |
| Accrued charges and deferred income | 492/3 | €191 | - | -€191 | |
| Non-recurring operating income | 76A | €2,119 | - | -€2,119 | |
| Remuneration, social security and pensions | 62 | €28,209 | €31,806 | +€3,597 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,542 | €4,311 | +€770 | +21.7% |
| Other operating charges | 640/8 | €1,750 | €2,151 | +€401 | +22.9% |
| Non-recurring operating charges | 66A | €168 | - | -€168 | |
| Gross operating margin | 9900 | €29,662 | €35,415 | +€5,752 | +19.4% |
| Operating profit (loss) | 9901 | -€4,006 | -€2,853 | +€1,153 | +28.8% |
| Financial income | 75/76B | €588 | €6 | -€582 | -99.0% |
| Recurring financial income | 75 | €588 | €6 | -€582 | -99.0% |
| Financial charges | 65/66B | €876 | €994 | +€119 | +13.5% |
| Recurring financial charges | 65 | €876 | €994 | +€119 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,294 | -€3,841 | +€453 | +10.5% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€4,294 | -€3,841 | +€453 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,294 | -€3,841 | +€453 | +10.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.