RF MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€18,432
up €18,432 (+299.5%), from €6,154 to €24,586
mainly Other debts (+€23,459) and Tax, wage and social debts (+€9,134)
- Receivables within one year +€10,000
up €10,000, from €0 to €10,000
of which Trade receivables: +€10,000
- Deferred charges and accrued income +€5,178
new in 2025: €5,178
- Tangible fixed assets +€1,052
new in 2025: €1,052
- Other debts +€23,459
up €23,459 (+67024.6%), from €35 to €23,494
- Tax, wage and social debts +€9,134
up €9,134 (+336.2%), from €2,717 to €11,851
of which Taxes: +€6,891
- Profit (loss) carried forward +€3,677
up €3,677 (+68.4%), from -€5,373 to -€1,696
- Trade debts -€1,608
down €1,608 (-42.6%), from €3,776 to €2,167
- Gross operating margin +€9,018
up €9,018, from -€1,883 to €7,135
- Taxes +€1,557
up €1,557 (+661.2%), from €235 to €1,792
- Other operating charges +€134
up €134 (+9.9%), from €1,356 to €1,489
- Depreciation +€105
new in 2025: €105
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 | €6,154 | €40,816 | +€34,662 | +563.2% |
| Fixed assets | 21/28 | - | €1,052 | +€1,052 | |
| Tangible fixed assets | 22/27 | - | €1,052 | +€1,052 | |
| Furniture and vehicles | 24 | - | €1,052 | +€1,052 | |
| Current assets | 29/58 | €6,154 | €39,764 | +€33,610 | +546.1% |
| Amounts receivable within one year | 40/41 | €0 | €10,000 | +€10,000 | |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,154 | €24,586 | +€18,432 | +299.5% |
| Deferred charges and accrued income | 490/1 | - | €5,178 | +€5,178 | |
| Total equity and liabilities | 10/49 | €6,154 | €40,816 | +€34,662 | +563.2% |
| Equity | 10/15 | -€373 | €3,304 | +€3,677 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,373 | -€1,696 | +€3,677 | +68.4% |
| Amounts payable | 17/49 | €6,528 | €37,512 | +€30,984 | +474.7% |
| Amounts payable within one year | 42/48 | €6,528 | €37,512 | +€30,984 | +474.7% |
| Trade debts | 44 | €3,776 | €2,167 | -€1,608 | -42.6% |
| Suppliers | 440/4 | €3,776 | €2,167 | -€1,608 | -42.6% |
| Taxes, remuneration and social security | 45 | €2,717 | €11,851 | +€9,134 | +336.2% |
| Taxes | 450/3 | €2,717 | €9,608 | +€6,891 | +253.6% |
| Remuneration and social security | 454/9 | - | €2,243 | +€2,243 | |
| Other amounts payable | 47/48 | €35 | €23,494 | +€23,459 | +67024.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €105 | +€105 | |
| Other operating charges | 640/8 | €1,356 | €1,489 | +€134 | +9.9% |
| Gross operating margin | 9900 | -€1,883 | €7,135 | +€9,018 | |
| Operating profit (loss) | 9901 | -€3,238 | €5,542 | +€8,780 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €72 | €78 | +€6 | +8.9% |
| Recurring financial charges | 65 | €72 | €78 | +€6 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,310 | €5,470 | +€8,780 | |
| Income taxes | 67/77 | €235 | €1,792 | +€1,557 | +661.2% |
| Profit (loss) for the period | 9904 | -€3,546 | €3,677 | +€7,223 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,546 | €3,677 | +€7,223 |
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 3 October 2026 via checked.be.