RF Sélection: 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 Sélection
Largest movements
- Stocks and contracts -€34,042
down €34,042 (-56.7%), from €60,042 to €26,000
- Tangible fixed assets -€11,789
no longer reported in 2024 (was €11,789)
of which Other tangible fixed assets: -€10,081
- Cash -€3,713
down €3,713 (-36.4%), from €10,212 to €6,499
mainly Net result for the year (-€41,237) and Trade debts (-€7,274)
- Deferred charges and accrued income -€1,949
down €1,949 (-83.5%), from €2,333 to €385
- Receivables within one year +€1,331
up €1,331 (+9.8%), from €13,640 to €14,970
of which Trade receivables: +€2,575
- Profit (loss) carried forward -€41,237
down €41,237 (-240.3%), from -€17,159 to -€58,396
- Trade debts -€7,274
down €7,274 (-12.5%), from €58,332 to €51,058
- Other debts -€1,894
down €1,894 (-27.7%), from €6,842 to €4,948
- Other operating charges +€6,888
up €6,888 (+306.5%), from €2,248 to €9,136
- Depreciation -€2,948
no longer reported in 2024 (was €2,948)
- Financial charges +€498
up €498 (+323.2%), from €154 to €652
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,015 | €47,854 | -€50,162 | -51.2% |
| Fixed assets | 21/28 | €11,789 | - | -€11,789 | |
| Tangible fixed assets | 22/27 | €11,789 | - | -€11,789 | |
| Furniture and vehicles | 24 | €1,708 | - | -€1,708 | |
| Other tangible fixed assets | 26 | €10,081 | - | -€10,081 | |
| Current assets | 29/58 | €86,227 | €47,854 | -€38,373 | -44.5% |
| Stocks and contracts in progress | 3 | €60,042 | €26,000 | -€34,042 | -56.7% |
| Stocks | 30/36 | €60,042 | €26,000 | -€34,042 | -56.7% |
| Amounts receivable within one year | 40/41 | €13,640 | €14,970 | +€1,331 | +9.8% |
| Trade receivables | 40 | €12,395 | €14,970 | +€2,575 | +20.8% |
| Other amounts receivable | 41 | €1,245 | - | -€1,245 | |
| Cash at bank and in hand | 54/58 | €10,212 | €6,499 | -€3,713 | -36.4% |
| Deferred charges and accrued income | 490/1 | €2,333 | €385 | -€1,949 | -83.5% |
| Total equity and liabilities | 10/49 | €98,015 | €47,854 | -€50,162 | -51.2% |
| Equity | 10/15 | €32,841 | -€8,396 | -€41,237 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,159 | -€58,396 | -€41,237 | -240.3% |
| Amounts payable | 17/49 | €65,175 | €56,250 | -€8,925 | -13.7% |
| Amounts payable within one year | 42/48 | €65,175 | €56,250 | -€8,925 | -13.7% |
| Trade debts | 44 | €58,332 | €51,058 | -€7,274 | -12.5% |
| Suppliers | 440/4 | €58,332 | €51,058 | -€7,274 | -12.5% |
| Taxes, remuneration and social security | 45 | - | €243 | +€243 | |
| Taxes | 450/3 | - | €243 | +€243 | |
| Other amounts payable | 47/48 | €6,842 | €4,948 | -€1,894 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,948 | - | -€2,948 | |
| Other operating charges | 640/8 | €2,248 | €9,136 | +€6,888 | +306.5% |
| Non-recurring operating charges | 66A | €40 | €20,960 | +€20,920 | +52300.0% |
| Gross operating margin | 9900 | -€10,553 | -€10,489 | +€64 | +0.6% |
| Operating profit (loss) | 9901 | -€15,788 | -€40,585 | -€24,797 | -157.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €154 | €652 | +€498 | +323.2% |
| Recurring financial charges | 65 | €154 | €652 | +€498 | +323.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,942 | -€41,237 | -€25,295 | -158.7% |
| Profit (loss) for the period | 9904 | -€15,942 | -€41,237 | -€25,295 | -158.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,942 | -€41,237 | -€25,295 | -158.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.