RF Solutions: 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 Solutions
Largest movements
- Receivables within one year +€92,702
up €92,702 (+220%), from €42,070 to €134,772
of which Other amounts receivable: +€92,108
- Cash -€57,689
down €57,689 (-53.2%), from €108,508 to €50,819
mainly Receivables within one year (-€92,702) and Trade debts (-€5,459)
- Reserves +€30,720
up €30,720 (+25.4%), from €120,753 to €151,473
- Tax, wage and social debts +€9,733
up €9,733 (+45.6%), from €21,350 to €31,083
of which Taxes: +€7,333
- Trade debts -€5,459
down €5,459 (-86.9%), from €6,280 to €821
- Provisions +€29,915
up €29,915, from -€29,915 to €0
- Financial charges +€17,906
up €17,906 (+56.0%), from €31,982 to €49,888
- Taxes -€10,875
down €10,875 (-56.9%), from €19,123 to €8,248
- Gross operating margin -€10,713
down €10,713 (-11.1%), from €96,830 to €86,117
- Financial income +€3,603
up €3,603, from €0 to €3,603
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 | €150,784 | €185,796 | +€35,013 | +23.2% |
| Current assets | 29/58 | €150,784 | €185,796 | +€35,013 | +23.2% |
| Amounts receivable within one year | 40/41 | €42,070 | €134,772 | +€92,702 | +220% |
| Trade receivables | 40 | €12,831 | €13,425 | +€594 | +4.6% |
| Other amounts receivable | 41 | €29,239 | €121,347 | +€92,108 | +315% |
| Cash at bank and in hand | 54/58 | €108,508 | €50,819 | -€57,689 | -53.2% |
| Deferred charges and accrued income | 490/1 | €206 | €205 | -€1 | -0.3% |
| Total equity and liabilities | 10/49 | €150,784 | €185,796 | +€35,013 | +23.2% |
| Equity | 10/15 | €123,153 | €153,873 | +€30,720 | +24.9% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €120,753 | €151,473 | +€30,720 | +25.4% |
| Distributable reserves | 133 | €120,753 | €151,473 | +€30,720 | +25.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €27,630 | €31,923 | +€4,293 | +15.5% |
| Amounts payable within one year | 42/48 | €27,630 | €31,923 | +€4,293 | +15.5% |
| Financial debts | 43 | - | €19 | +€19 | |
| Other loans | 439 | - | €19 | +€19 | |
| Trade debts | 44 | €6,280 | €821 | -€5,459 | -86.9% |
| Suppliers | 440/4 | €6,280 | €821 | -€5,459 | -86.9% |
| Taxes, remuneration and social security | 45 | €21,350 | €31,083 | +€9,733 | +45.6% |
| Taxes | 450/3 | €21,350 | €28,683 | +€7,333 | +34.3% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Remuneration, social security and pensions | 62 | €49 | €0 | -€49 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€29,915 | €0 | +€29,915 | |
| Other operating charges | 640/8 | €502 | €865 | +€362 | +72.1% |
| Gross operating margin | 9900 | €96,830 | €86,117 | -€10,713 | -11.1% |
| Operating profit (loss) | 9901 | €126,193 | €85,253 | -€40,941 | -32.4% |
| Financial income | 75/76B | €0 | €3,603 | +€3,603 | |
| Recurring financial income | 75 | €0 | €3,603 | +€3,603 | |
| Financial charges | 65/66B | €31,982 | €49,888 | +€17,906 | +56.0% |
| Recurring financial charges | 65 | €31,982 | €49,888 | +€17,906 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €94,211 | €38,968 | -€55,243 | -58.6% |
| Income taxes | 67/77 | €19,123 | €8,248 | -€10,875 | -56.9% |
| Profit (loss) for the period | 9904 | €75,088 | €30,720 | -€44,368 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,088 | €30,720 | -€44,368 | -59.1% |
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 15 October 2026 via checked.be.