RFassurCrédit: 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.
RFassurCrédit
Largest movements
- Cash +€38,460
up €38,460 (+21.7%), from €176,861 to €215,322
mainly Net result for the year (+€30,636) and Tax, wage and social debts (+€15,895)
- Tangible fixed assets -€7,405
down €7,405 (-12.4%), from €59,955 to €52,550
of which Plant, machinery and equipment: -€4,110
- Tax, wage and social debts +€15,895
up €15,895 (+184%), from €8,628 to €24,523
of which Remuneration and social security: +€14,037
- Reserves +€15,636
up €15,636 (+7.4%), from €210,068 to €225,704
- Trade debts +€4,424
up €4,424 (+139%), from €3,188 to €7,612
- Staff costs +€40,240
up €40,240 (+118%), from €34,100 to €74,340
- Gross operating margin +€32,742
up €32,742 (+32.7%), from €100,279 to €133,021
- Taxes -€1,928
down €1,928 (-11.9%), from €16,196 to €14,268
- Other operating charges +€1,882
up €1,882 (+252%), from €747 to €2,629
- Depreciation +€1,620
up €1,620 (+16.7%), from €9,698 to €11,318
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 | €265,349 | €298,151 | +€32,803 | +12.4% |
| Fixed assets | 21/28 | €64,756 | €57,351 | -€7,405 | -11.4% |
| Tangible fixed assets | 22/27 | €59,955 | €52,550 | -€7,405 | -12.4% |
| Plant, machinery and equipment | 23 | €50,497 | €46,387 | -€4,110 | -8.1% |
| Furniture and vehicles | 24 | €9,458 | €6,162 | -€3,295 | -34.8% |
| Financial fixed assets | 28 | €4,801 | €4,801 | = | 0.0% |
| Current assets | 29/58 | €200,593 | €240,801 | +€40,208 | +20.0% |
| Amounts receivable within one year | 40/41 | €36 | €73 | +€36 | +100% |
| Trade receivables | 40 | €36 | €73 | +€36 | +100% |
| Cash at bank and in hand | 54/58 | €176,861 | €215,322 | +€38,460 | +21.7% |
| Deferred charges and accrued income | 490/1 | €23,695 | €25,406 | +€1,711 | +7.2% |
| Total equity and liabilities | 10/49 | €265,349 | €298,151 | +€32,803 | +12.4% |
| Equity | 10/15 | €237,740 | €253,377 | +€15,636 | +6.6% |
| Contributions | 10/11 | €24,750 | €24,750 | = | 0.0% |
| Reserves | 13 | €210,068 | €225,704 | +€15,636 | +7.4% |
| Distributable reserves | 133 | €210,068 | €225,704 | +€15,636 | +7.4% |
| Profit (loss) carried forward | 14 | €2,922 | €2,922 | = | 0.0% |
| Amounts payable | 17/49 | €27,608 | €44,775 | +€17,166 | +62.2% |
| Amounts payable after more than one year | 17 | €1,290 | - | -€1,290 | |
| Financial debts | 170/4 | €1,290 | - | -€1,290 | |
| Amounts payable within one year | 42/48 | €25,229 | €44,361 | +€19,133 | +75.8% |
| Current portion of amounts payable after more than one year | 42 | €3,066 | €1,290 | -€1,776 | -57.9% |
| Trade debts | 44 | €3,188 | €7,612 | +€4,424 | +139% |
| Suppliers | 440/4 | €3,188 | €7,612 | +€4,424 | +139% |
| Taxes, remuneration and social security | 45 | €8,628 | €24,523 | +€15,895 | +184% |
| Taxes | 450/3 | €4,057 | €5,915 | +€1,858 | +45.8% |
| Remuneration and social security | 454/9 | €4,571 | €18,608 | +€14,037 | +307% |
| Other amounts payable | 47/48 | €10,346 | €10,936 | +€590 | +5.7% |
| Accrued charges and deferred income | 492/3 | €1,090 | €413 | -€676 | -62.1% |
| Remuneration, social security and pensions | 62 | €34,100 | €74,340 | +€40,240 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,698 | €11,318 | +€1,620 | +16.7% |
| Other operating charges | 640/8 | €747 | €2,629 | +€1,882 | +252% |
| Gross operating margin | 9900 | €100,279 | €133,021 | +€32,742 | +32.7% |
| Operating profit (loss) | 9901 | €55,734 | €44,733 | -€11,001 | -19.7% |
| Financial income | 75/76B | €2,276 | €1,758 | -€518 | -22.7% |
| Recurring financial income | 75 | €2,276 | €1,758 | -€518 | -22.7% |
| Financial charges | 65/66B | €2,091 | €1,587 | -€504 | -24.1% |
| Recurring financial charges | 65 | €2,091 | €1,587 | -€504 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €55,919 | €44,905 | -€11,014 | -19.7% |
| Income taxes | 67/77 | €16,196 | €14,268 | -€1,928 | -11.9% |
| Profit (loss) for the period | 9904 | €39,723 | €30,636 | -€9,087 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,723 | €30,636 | -€9,087 | -22.9% |
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 20 October 2026 via checked.be.