RF Technics: 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 Technics
Largest movements
- Tangible fixed assets +€108,329
up €108,329 (+85.4%), from €126,921 to €235,249
of which Furniture and vehicles: +€114,081
- Receivables within one year -€37,680
down €37,680 (-18.5%), from €203,893 to €166,214
of which Trade receivables: -€28,062
- Cash -€24,612
down €24,612 (-5.0%), from €487,944 to €463,333
mainly Investment in fixed assets (net) (-€160,304) and Advances received (-€86,312)
- Stocks and contracts -€12,630
down €12,630 (-21.3%), from €59,210 to €46,580
- Reserves +€142,415
up €142,415 (+30.6%), from €465,705 to €608,120
- Advances received -€86,312
no longer reported in 2025 (was €86,312)
- Debts after one year -€11,756
down €11,756 (-40.2%), from €29,246 to €17,490
- Gross operating margin +€141,032
up €141,032 (+24.9%), from €565,797 to €706,829
- Staff costs -€89,134
down €89,134 (-20.8%), from €428,833 to €339,699
- Taxes +€66,132
up €66,132 (+266.4%), from €24,828 to €90,960
- Depreciation +€9,859
up €9,859 (+23.2%), from €42,515 to €52,374
- Other operating charges +€7,684
up €7,684 (+249.6%), from €3,078 to €10,762
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 | €891,917 | €926,519 | +€34,602 | +3.9% |
| Fixed assets | 21/28 | €128,346 | €236,277 | +€107,930 | +84.1% |
| Intangible fixed assets | 21 | €1,110 | €712 | -€398 | -35.9% |
| Tangible fixed assets | 22/27 | €126,921 | €235,249 | +€108,329 | +85.4% |
| Plant, machinery and equipment | 23 | €22,584 | €20,590 | -€1,994 | -8.8% |
| Furniture and vehicles | 24 | €84,268 | €198,349 | +€114,081 | +135.4% |
| Other tangible fixed assets | 26 | €20,069 | €16,311 | -€3,758 | -18.7% |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €763,571 | €690,242 | -€73,328 | -9.6% |
| Stocks and contracts in progress | 3 | €59,210 | €46,580 | -€12,630 | -21.3% |
| Stocks | 30/36 | €59,210 | €46,580 | -€12,630 | -21.3% |
| Amounts receivable within one year | 40/41 | €203,893 | €166,214 | -€37,680 | -18.5% |
| Trade receivables | 40 | €185,461 | €157,399 | -€28,062 | -15.1% |
| Other amounts receivable | 41 | €18,432 | €8,815 | -€9,617 | -52.2% |
| Cash at bank and in hand | 54/58 | €487,944 | €463,333 | -€24,612 | -5.0% |
| Deferred charges and accrued income | 490/1 | €12,523 | €14,116 | +€1,593 | +12.7% |
| Total equity and liabilities | 10/49 | €891,917 | €926,519 | +€34,602 | +3.9% |
| Equity | 10/15 | €543,258 | €685,673 | +€142,415 | +26.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €465,705 | €608,120 | +€142,415 | +30.6% |
| Distributable reserves | 133 | €465,705 | €608,120 | +€142,415 | +30.6% |
| Profit (loss) carried forward | 14 | €67,553 | €67,553 | = | 0.0% |
| Amounts payable | 17/49 | €348,659 | €240,846 | -€107,812 | -30.9% |
| Amounts payable after more than one year | 17 | €29,246 | €17,490 | -€11,756 | -40.2% |
| Financial debts | 170/4 | €29,246 | €17,490 | -€11,756 | -40.2% |
| Amounts payable within one year | 42/48 | €318,608 | €221,324 | -€97,284 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €19,042 | €11,756 | -€7,287 | -38.3% |
| Trade debts | 44 | €79,528 | €77,775 | -€1,753 | -2.2% |
| Suppliers | 440/4 | €79,528 | €77,775 | -€1,753 | -2.2% |
| Advances received on contracts in progress | 46 | €86,312 | - | -€86,312 | |
| Taxes, remuneration and social security | 45 | €54,300 | €60,753 | +€6,452 | +11.9% |
| Taxes | 450/3 | €10,809 | €20,927 | +€10,118 | +93.6% |
| Remuneration and social security | 454/9 | €43,491 | €39,826 | -€3,665 | -8.4% |
| Other amounts payable | 47/48 | €79,426 | €71,041 | -€8,385 | -10.6% |
| Accrued charges and deferred income | 492/3 | €805 | €2,032 | +€1,227 | +152.4% |
| Remuneration, social security and pensions | 62 | €428,833 | €339,699 | -€89,134 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,515 | €52,374 | +€9,859 | +23.2% |
| Other operating charges | 640/8 | €3,078 | €10,762 | +€7,684 | +249.6% |
| Gross operating margin | 9900 | €565,797 | €706,829 | +€141,032 | +24.9% |
| Operating profit (loss) | 9901 | €91,371 | €303,994 | +€212,623 | +232.7% |
| Financial income | 75/76B | €101 | €239 | +€138 | +137.2% |
| Recurring financial income | 75 | €101 | €239 | +€138 | +137.2% |
| Financial charges | 65/66B | €2,518 | €1,807 | -€710 | -28.2% |
| Recurring financial charges | 65 | €2,518 | €1,807 | -€710 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €88,954 | €302,425 | +€213,471 | +240.0% |
| Income taxes | 67/77 | €24,828 | €90,960 | +€66,132 | +266.4% |
| Profit (loss) for the period | 9904 | €64,126 | €211,465 | +€147,339 | +229.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,126 | €211,465 | +€147,339 | +229.8% |
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 7 October 2026 via checked.be.