RKFF: 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.
RKFF
Largest movements
- Tangible fixed assets -€34,971
down €34,971 (-3.8%), from €912,910 to €877,939
of which Land and buildings: -€20,561
- Cash -€30,056
down €30,056 (-30.8%), from €97,537 to €67,481
mainly Debts after one year (-€51,016) and Trade debts (-€38,972)
- Stocks and contracts -€18,400
down €18,400 (-12.6%), from €145,883 to €127,482
- Debts after one year -€51,016
down €51,016 (-7.2%), from €706,429 to €655,414
- Trade debts -€38,972
down €38,972 (-23.1%), from €168,852 to €129,880
- Other debts +€16,860
up €16,860 (+17.1%), from €98,617 to €115,477
- Gross operating margin -€81,769
down €81,769 (-45.7%), from €178,741 to €96,972
- Other operating charges -€13,445
down €13,445 (-30.3%), from €44,412 to €30,967
- Staff costs -€12,162
down €12,162 (-42.7%), from €28,497 to €16,335
- Depreciation +€7,614
up €7,614 (+24.1%), from €31,537 to €39,151
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 | €1,191,493 | €1,109,945 | -€81,548 | -6.8% |
| Fixed assets | 21/28 | €914,200 | €879,229 | -€34,971 | -3.8% |
| Tangible fixed assets | 22/27 | €912,910 | €877,939 | -€34,971 | -3.8% |
| Land and buildings | 22 | €872,462 | €851,901 | -€20,561 | -2.4% |
| Plant, machinery and equipment | 23 | €5,282 | €3,772 | -€1,510 | -28.6% |
| Furniture and vehicles | 24 | €35,166 | €22,267 | -€12,899 | -36.7% |
| Financial fixed assets | 28 | €1,290 | €1,290 | = | 0.0% |
| Current assets | 29/58 | €277,293 | €230,716 | -€46,577 | -16.8% |
| Stocks and contracts in progress | 3 | €145,883 | €127,482 | -€18,400 | -12.6% |
| Stocks | 30/36 | €145,883 | €127,482 | -€18,400 | -12.6% |
| Amounts receivable within one year | 40/41 | €30,962 | €33,200 | +€2,238 | +7.2% |
| Trade receivables | 40 | €23,643 | €27,331 | +€3,688 | +15.6% |
| Other amounts receivable | 41 | €7,319 | €5,869 | -€1,450 | -19.8% |
| Cash at bank and in hand | 54/58 | €97,537 | €67,481 | -€30,056 | -30.8% |
| Deferred charges and accrued income | 490/1 | €2,912 | €2,552 | -€360 | -12.3% |
| Total equity and liabilities | 10/49 | €1,191,493 | €1,109,945 | -€81,548 | -6.8% |
| Equity | 10/15 | €126,298 | €117,921 | -€8,378 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,464 | €121,464 | = | 0.0% |
| Distributable reserves | 133 | €121,464 | €121,464 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,766 | -€22,143 | -€8,378 | -60.9% |
| Amounts payable | 17/49 | €1,065,194 | €992,024 | -€73,170 | -6.9% |
| Amounts payable after more than one year | 17 | €706,429 | €655,414 | -€51,016 | -7.2% |
| Financial debts | 170/4 | €706,429 | €655,414 | -€51,016 | -7.2% |
| Amounts payable within one year | 42/48 | €358,765 | €336,610 | -€22,155 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €53,109 | €51,016 | -€2,094 | -3.9% |
| Trade debts | 44 | €168,852 | €129,880 | -€38,972 | -23.1% |
| Suppliers | 440/4 | €168,852 | €129,880 | -€38,972 | -23.1% |
| Taxes, remuneration and social security | 45 | €38,186 | €40,237 | +€2,051 | +5.4% |
| Taxes | 450/3 | €31,987 | €34,084 | +€2,098 | +6.6% |
| Remuneration and social security | 454/9 | €6,199 | €6,153 | -€47 | -0.8% |
| Other amounts payable | 47/48 | €98,617 | €115,477 | +€16,860 | +17.1% |
| Non-recurring operating income | 76A | €71 | €303 | +€232 | +326.9% |
| Remuneration, social security and pensions | 62 | €28,497 | €16,335 | -€12,162 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,537 | €39,151 | +€7,614 | +24.1% |
| Other operating charges | 640/8 | €44,412 | €30,967 | -€13,445 | -30.3% |
| Non-recurring operating charges | 66A | €2,370 | €641 | -€1,729 | -73.0% |
| Gross operating margin | 9900 | €178,741 | €96,972 | -€81,769 | -45.7% |
| Operating profit (loss) | 9901 | €71,925 | €9,879 | -€62,046 | -86.3% |
| Financial income | 75/76B | €1,065 | €109 | -€956 | -89.8% |
| Recurring financial income | 75 | €1,065 | €109 | -€956 | -89.8% |
| Financial charges | 65/66B | €18,698 | €17,590 | -€1,107 | -5.9% |
| Recurring financial charges | 65 | €18,698 | €17,590 | -€1,107 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €54,292 | -€7,603 | -€61,895 | |
| Income taxes | 67/77 | €751 | €775 | +€24 | +3.2% |
| Profit (loss) for the period | 9904 | €53,541 | -€8,378 | -€61,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,541 | -€8,378 | -€61,919 |
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 6 October 2026 via checked.be.