RF Invests: 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 Invests
Largest movements
- Cash -€1,039
down €1,039 (-81.6%), from €1,274 to €235
mainly Net result for the year (-€1,919)
- Profit (loss) carried forward -€1,919
down €1,919 (-100.3%), from -€1,914 to -€3,834
- Other operating charges -€384
no longer reported in 2025 (was €384)
- Gross operating margin -€357
down €357 (-35.4%), from -€1,008 to -€1,366
- Financial charges +€46
up €46 (+33.2%), from €138 to €184
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 | €79,991 | €78,582 | -€1,409 | -1.8% |
| Formation expenses | 20 | €1,467 | €1,097 | -€370 | -25.2% |
| Fixed assets | 21/28 | €77,250 | €77,250 | = | 0.0% |
| Financial fixed assets | 28 | €77,250 | €77,250 | = | 0.0% |
| Current assets | 29/58 | €1,274 | €235 | -€1,039 | -81.6% |
| Cash at bank and in hand | 54/58 | €1,274 | €235 | -€1,039 | -81.6% |
| Total equity and liabilities | 10/49 | €79,991 | €78,582 | -€1,409 | -1.8% |
| Equity | 10/15 | €1,086 | -€834 | -€1,919 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,914 | -€3,834 | -€1,919 | -100.3% |
| Amounts payable | 17/49 | €78,905 | €79,416 | +€510 | +0.6% |
| Amounts payable within one year | 42/48 | €78,905 | €79,416 | +€510 | +0.6% |
| Other amounts payable | 47/48 | €78,905 | €79,416 | +€510 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €370 | -€14 | -3.5% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | -€1,008 | -€1,366 | -€357 | -35.4% |
| Operating profit (loss) | 9901 | -€1,777 | -€1,736 | +€41 | +2.3% |
| Financial charges | 65/66B | €138 | €184 | +€46 | +33.2% |
| Recurring financial charges | 65 | €138 | €184 | +€46 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,914 | -€1,919 | -€5 | -0.3% |
| Profit (loss) for the period | 9904 | -€1,914 | -€1,919 | -€5 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,914 | -€1,919 | -€5 | -0.3% |
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 9 October 2026 via checked.be.