RF PROD: 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 PROD
Largest movements
- Cash -€353,699
down €353,699 (-47.3%), from €747,174 to €393,475
mainly Net result for the year (-€610,983) and Other debts (-€1,192)
- Receivables within one year -€94,910
down €94,910 (-56.1%), from €169,087 to €74,177
of which Other amounts receivable: -€78,274
- Deferred charges and accrued income -€13,030
down €13,030 (-24.1%), from €54,142 to €41,112
- Profit (loss) carried forward -€610,983
down €610,983, from €399,959 to -€211,023
- Trade debts +€105,739
up €105,739 (+69.0%), from €153,324 to €259,063
of which Suppliers: +€103,908
- Accrued charges and deferred income +€20,194
up €20,194 (+5.6%), from €358,332 to €378,526
- Tax, wage and social debts +€19,143
up €19,143 (+44.3%), from €43,195 to €62,337
- Gross operating margin -€631,148
down €631,148, from €173,885 to -€457,262
- Financial income +€200,020
up €200,020 (+32288.9%), from €619 to €200,639
of which Non-recurring financial income: +€200,001
- Financial charges +€37,541
up €37,541 (+16.0%), from €235,309 to €272,850
of which Financial charges: +€37,541
- Other operating charges -€28,593
down €28,593 (-27.7%), from €103,049 to €74,455
- Taxes -€11,309
down €11,309 (-87.6%), from €12,903 to €1,594
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 | €979,433 | €512,333 | -€467,100 | -47.7% |
| Fixed assets | 21/28 | €9,030 | €3,570 | -€5,460 | -60.5% |
| Intangible fixed assets | 21 | €9,030 | €3,570 | -€5,460 | -60.5% |
| Current assets | 29/58 | €970,403 | €508,763 | -€461,640 | -47.6% |
| Amounts receivable within one year | 40/41 | €169,087 | €74,177 | -€94,910 | -56.1% |
| Trade receivables | 40 | €69,179 | €52,543 | -€16,636 | -24.0% |
| Other amounts receivable | 41 | €99,908 | €21,634 | -€78,274 | -78.3% |
| Cash at bank and in hand | 54/58 | €747,174 | €393,475 | -€353,699 | -47.3% |
| Deferred charges and accrued income | 490/1 | €54,142 | €41,112 | -€13,030 | -24.1% |
| Total equity and liabilities | 10/49 | €979,433 | €512,333 | -€467,100 | -47.7% |
| Equity | 10/15 | €423,003 | -€187,980 | -€610,983 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,443 | €4,443 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €1,345 | €1,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,959 | -€211,023 | -€610,983 | |
| Amounts payable | 17/49 | €556,430 | €700,313 | +€143,883 | +25.9% |
| Amounts payable within one year | 42/48 | €198,098 | €321,787 | +€123,689 | +62.4% |
| Trade debts | 44 | €153,324 | €259,063 | +€105,739 | +69.0% |
| Suppliers | 440/4 | €149,770 | €253,679 | +€103,908 | +69.4% |
| Bills of exchange payable | 441 | €3,554 | €5,385 | +€1,831 | +51.5% |
| Taxes, remuneration and social security | 45 | €43,195 | €62,337 | +€19,143 | +44.3% |
| Taxes | 450/3 | €43,195 | €62,337 | +€19,143 | +44.3% |
| Other amounts payable | 47/48 | €1,578 | €386 | -€1,192 | -75.5% |
| Accrued charges and deferred income | 492/3 | €358,332 | €378,526 | +€20,194 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,104 | €5,460 | +€356 | +7.0% |
| Other operating charges | 640/8 | €103,049 | €74,455 | -€28,593 | -27.7% |
| Gross operating margin | 9900 | €173,885 | -€457,262 | -€631,148 | |
| Operating profit (loss) | 9901 | €65,733 | -€537,178 | -€602,911 | |
| Financial income | 75/76B | €619 | €200,639 | +€200,020 | +32288.9% |
| Recurring financial income | 75 | €619 | €638 | +€19 | +3.0% |
| Non-recurring financial income | 76B | - | €200,001 | +€200,001 | |
| Financial charges | 65/66B | €235,309 | €272,850 | +€37,541 | +16.0% |
| Recurring financial charges | 65 | €35,308 | €72,849 | +€37,541 | +106.3% |
| Non-recurring financial charges | 66B | €200,001 | €200,001 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€168,956 | -€609,388 | -€440,432 | -260.7% |
| Income taxes | 67/77 | €12,903 | €1,594 | -€11,309 | -87.6% |
| Profit (loss) for the period | 9904 | -€181,859 | -€610,983 | -€429,123 | -236.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€181,859 | -€610,983 | -€429,123 | -236.0% |
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 5 October 2026 via checked.be.