RF INNOV: 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 INNOV
Largest movements
- Cash +€109,411
up €109,411 (+219%), from €50,072 to €159,483
mainly Net result for the year (+€78,040) and Tax, wage and social debts (+€20,900)
- Tangible fixed assets -€3,936
down €3,936 (-60.5%), from €6,503 to €2,567
of which Furniture and vehicles: -€2,936
- Receivables within one year -€3,047
down €3,047 (-19.3%), from €15,798 to €12,751
of which Trade receivables: -€3,068
- Profit (loss) carried forward +€78,040
up €78,040 (+152%), from €51,246 to €129,286
- Tax, wage and social debts +€20,900
up €20,900 (+133%), from €15,700 to €36,600
of which Taxes: +€20,900
- Trade debts +€3,916
new in 2025: €3,916
- Turnover +€421,339
new in 2025: €421,339
- Purchases and services +€322,191
new in 2025: €322,191
- Gross operating margin +€33,212
up €33,212 (+46.4%), from €71,606 to €104,818
- Taxes +€8,500
up €8,500 (+65.4%), from €13,000 to €21,500
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.
Derived cash bridge
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 | €72,373 | €174,802 | +€102,429 | +142% |
| Fixed assets | 21/28 | €6,503 | €2,567 | -€3,936 | -60.5% |
| Tangible fixed assets | 22/27 | €6,503 | €2,567 | -€3,936 | -60.5% |
| Plant, machinery and equipment | 23 | €2,451 | €1,451 | -€1,000 | -40.8% |
| Furniture and vehicles | 24 | €4,052 | €1,116 | -€2,936 | -72.5% |
| Current assets | 29/58 | €65,870 | €172,234 | +€106,364 | +161% |
| Amounts receivable within one year | 40/41 | €15,798 | €12,751 | -€3,047 | -19.3% |
| Trade receivables | 40 | €11,982 | €8,914 | -€3,068 | -25.6% |
| Other amounts receivable | 41 | €3,816 | €3,837 | +€21 | +0.6% |
| Cash at bank and in hand | 54/58 | €50,072 | €159,483 | +€109,411 | +219% |
| Total equity and liabilities | 10/49 | €72,373 | €174,802 | +€102,429 | +142% |
| Equity | 10/15 | €56,246 | €134,286 | +€78,040 | +139% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,246 | €129,286 | +€78,040 | +152% |
| Amounts payable | 17/49 | €16,127 | €40,516 | +€24,389 | +151% |
| Amounts payable within one year | 42/48 | €16,127 | €40,516 | +€24,389 | +151% |
| Trade debts | 44 | - | €3,916 | +€3,916 | |
| Suppliers | 440/4 | - | €3,916 | +€3,916 | |
| Taxes, remuneration and social security | 45 | €15,700 | €36,600 | +€20,900 | +133% |
| Taxes | 450/3 | €13,600 | €34,500 | +€20,900 | +154% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €427 | - | -€427 | |
| Turnover | 70 | - | €421,339 | +€421,339 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €322,191 | +€322,191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,305 | €3,936 | -€1,370 | -25.8% |
| Other operating charges | 640/8 | €1,914 | €956 | -€958 | -50.1% |
| Gross operating margin | 9900 | €71,606 | €104,818 | +€33,212 | +46.4% |
| Operating profit (loss) | 9901 | €64,387 | €99,926 | +€35,539 | +55.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €142 | €386 | +€244 | +172% |
| Recurring financial charges | 65 | €142 | €386 | +€244 | +172% |
| Profit (loss) for the period before taxes | 9903 | €64,246 | €99,540 | +€35,294 | +54.9% |
| Income taxes | 67/77 | €13,000 | €21,500 | +€8,500 | +65.4% |
| Profit (loss) for the period | 9904 | €51,246 | €78,040 | +€26,794 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,246 | €78,040 | +€26,794 | +52.3% |
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 27 October 2026 via checked.be.