RFI Worx: 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.
RFI Worx
Largest movements
- Tangible fixed assets -€143,473
down €143,473 (-82.3%), from €174,398 to €30,925
of which Land and buildings: -€99,081
- Cash +€122,718
up €122,718 (+195%), from €62,858 to €185,576
mainly Investment in fixed assets (net) (+€132,765) and Net result for the year (+€20,872)
- Receivables within one year +€31,443
up €31,443 (+160%), from €19,647 to €51,090
of which Trade receivables: +€23,968
- Trade debts -€28,835
down €28,835 (-49.4%), from €58,427 to €29,593
- Reserves +€20,872
up €20,872 (+24.7%), from €84,368 to €105,240
of which Distributable reserves: +€20,872
- Tax, wage and social debts +€12,395
up €12,395 (+207%), from €6,000 to €18,395
- Current portion of long-term debt +€3,700
up €3,700 (+82.4%), from €4,491 to €8,192
- Gross operating margin +€28,258
up €28,258 (+134%), from €21,137 to €49,396
- Depreciation +€10,338
up €10,338 (+2,795%), from €370 to €10,708
- Taxes +€7,333
up €7,333 (+122%), from €6,000 to €13,333
- Write-downs +€2,504
new in 2025: €2,504
- Other operating charges +€1,602
up €1,602 (+185%), from €867 to €2,469
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 | €257,909 | €268,491 | +€10,581 | +4.1% |
| Fixed assets | 21/28 | €175,298 | €31,825 | -€143,473 | -81.8% |
| Tangible fixed assets | 22/27 | €174,398 | €30,925 | -€143,473 | -82.3% |
| Land and buildings | 22 | €99,081 | - | -€99,081 | |
| Plant, machinery and equipment | 23 | €33,683 | - | -€33,683 | |
| Furniture and vehicles | 24 | €41,633 | €30,925 | -€10,708 | -25.7% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €82,612 | €236,666 | +€154,054 | +186% |
| Amounts receivable within one year | 40/41 | €19,647 | €51,090 | +€31,443 | +160% |
| Trade receivables | 40 | €8,920 | €32,888 | +€23,968 | +269% |
| Other amounts receivable | 41 | €10,727 | €18,202 | +€7,475 | +69.7% |
| Cash at bank and in hand | 54/58 | €62,858 | €185,576 | +€122,718 | +195% |
| Deferred charges and accrued income | 490/1 | €107 | - | -€107 | |
| Total equity and liabilities | 10/49 | €257,909 | €268,491 | +€10,581 | +4.1% |
| Equity | 10/15 | €104,499 | €125,371 | +€20,872 | +20.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €84,368 | €105,240 | +€20,872 | +24.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €82,513 | €103,385 | +€20,872 | +25.3% |
| Profit (loss) carried forward | 14 | €1,582 | €1,582 | = | 0.0% |
| Amounts payable | 17/49 | €153,410 | €143,119 | -€10,291 | -6.7% |
| Amounts payable within one year | 42/48 | €153,410 | €143,119 | -€10,291 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €4,491 | €8,192 | +€3,700 | +82.4% |
| Trade debts | 44 | €58,427 | €29,593 | -€28,835 | -49.4% |
| Suppliers | 440/4 | €58,427 | €29,593 | -€28,835 | -49.4% |
| Taxes, remuneration and social security | 45 | €6,000 | €18,395 | +€12,395 | +207% |
| Taxes | 450/3 | €6,000 | €18,395 | +€12,395 | +207% |
| Other amounts payable | 47/48 | €84,491 | €86,940 | +€2,449 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | €10,708 | +€10,338 | +2,795% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,504 | +€2,504 | |
| Other operating charges | 640/8 | €867 | €2,469 | +€1,602 | +185% |
| Gross operating margin | 9900 | €21,137 | €49,396 | +€28,258 | +134% |
| Operating profit (loss) | 9901 | €19,900 | €33,715 | +€13,815 | +69.4% |
| Financial income | 75/76B | €17 | €1,278 | +€1,261 | +7,337% |
| Recurring financial income | 75 | €17 | €1,278 | +€1,261 | +7,337% |
| Financial charges | 65/66B | €867 | €788 | -€80 | -9.2% |
| Recurring financial charges | 65 | €867 | €788 | -€80 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €19,050 | €34,205 | +€15,155 | +79.6% |
| Income taxes | 67/77 | €6,000 | €13,333 | +€7,333 | +122% |
| Profit (loss) for the period | 9904 | €13,050 | €20,872 | +€7,822 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,050 | €20,872 | +€7,822 | +59.9% |
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 1 November 2026 via checked.be.