SOMERS RAF: 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.
SOMERS RAF
Largest movements
- Current investments +€700,316
up €700,316 (+350%), from €200,000 to €900,316
- Cash -€168,309
down €168,309 (-97.4%), from €172,756 to €4,448
mainly Current investments (-€700,316) and Contributions, distributions and other (-€47,127)
- Deferred charges and accrued income -€48,295
down €48,295 (-91.2%), from €52,945 to €4,649
- Tangible fixed assets -€46,439
down €46,439 (-10.2%), from €456,424 to €409,985
- Reserves +€438,530
up €438,530 (+57.2%), from €766,131 to €1.2m
of which Distributable reserves: +€438,530
- Tax, wage and social debts +€46,907
up €46,907 (+75.5%), from €62,111 to €109,018
of which Taxes: +€76,510
- Trade debts -€39,649
down €39,649 (-96.9%), from €40,914 to €1,265
- Other debts -€19,372
down €19,372 (-58.9%), from €32,905 to €13,533
- Gross operating margin +€569,592
up €569,592 (+114%), from €497,724 to €1.1m
- Taxes +€198,519
up €198,519 (+835%), from €23,774 to €222,294
- Staff costs -€64,690
down €64,690 (-17.1%), from €378,721 to €314,031
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 | €920,660 | €1,347,077 | +€426,417 | +46.3% |
| Fixed assets | 21/28 | €456,424 | €409,985 | -€46,439 | -10.2% |
| Tangible fixed assets | 22/27 | €456,424 | €409,985 | -€46,439 | -10.2% |
| Land and buildings | 22 | €137,319 | €116,761 | -€20,557 | -15.0% |
| Plant, machinery and equipment | 23 | €24,451 | €22,067 | -€2,383 | -9.7% |
| Furniture and vehicles | 24 | €49,266 | €28,157 | -€21,110 | -42.8% |
| Other tangible fixed assets | 26 | €245,388 | €242,999 | -€2,389 | -1.0% |
| Current assets | 29/58 | €464,237 | €937,092 | +€472,855 | +102% |
| Amounts receivable within one year | 40/41 | €38,536 | €27,679 | -€10,857 | -28.2% |
| Trade receivables | 40 | €153 | - | -€153 | |
| Other amounts receivable | 41 | €38,382 | €27,679 | -€10,704 | -27.9% |
| Current investments | 50/53 | €200,000 | €900,316 | +€700,316 | +350% |
| Cash at bank and in hand | 54/58 | €172,756 | €4,448 | -€168,309 | -97.4% |
| Deferred charges and accrued income | 490/1 | €52,945 | €4,649 | -€48,295 | -91.2% |
| Total equity and liabilities | 10/49 | €920,660 | €1,347,077 | +€426,417 | +46.3% |
| Equity | 10/15 | €784,731 | €1,223,261 | +€438,530 | +55.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €766,131 | €1,204,661 | +€438,530 | +57.2% |
| Non-distributable reserves | 130/1 | €29,828 | €29,828 | = | 0.0% |
| Reserves not available under the articles | 1311 | €29,828 | €29,828 | = | 0.0% |
| Tax-exempt reserves | 132 | €251 | €251 | = | 0.0% |
| Distributable reserves | 133 | €736,052 | €1,174,582 | +€438,530 | +59.6% |
| Amounts payable | 17/49 | €135,930 | €123,816 | -€12,113 | -8.9% |
| Amounts payable within one year | 42/48 | €135,930 | €123,816 | -€12,113 | -8.9% |
| Trade debts | 44 | €40,914 | €1,265 | -€39,649 | -96.9% |
| Suppliers | 440/4 | €40,914 | €1,265 | -€39,649 | -96.9% |
| Taxes, remuneration and social security | 45 | €62,111 | €109,018 | +€46,907 | +75.5% |
| Taxes | 450/3 | - | €76,510 | +€76,510 | |
| Remuneration and social security | 454/9 | €62,111 | €32,508 | -€29,603 | -47.7% |
| Other amounts payable | 47/48 | €32,905 | €13,533 | -€19,372 | -58.9% |
| Remuneration, social security and pensions | 62 | €378,721 | €314,031 | -€64,690 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,628 | €49,289 | +€661 | +1.4% |
| Other operating charges | 640/8 | €4,226 | €3,378 | -€848 | -20.1% |
| Gross operating margin | 9900 | €497,724 | €1,067,317 | +€569,592 | +114% |
| Operating profit (loss) | 9901 | €66,149 | €700,619 | +€634,470 | +959% |
| Financial income | 75/76B | €4,870 | €7,530 | +€2,660 | +54.6% |
| Recurring financial income | 75 | €4,870 | €7,530 | +€2,660 | +54.6% |
| Financial charges | 65/66B | €233 | €198 | -€35 | -14.8% |
| Recurring financial charges | 65 | €233 | €198 | -€35 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €70,786 | €707,951 | +€637,164 | +900% |
| Income taxes | 67/77 | €23,774 | €222,294 | +€198,519 | +835% |
| Profit (loss) for the period | 9904 | €47,012 | €485,657 | +€438,645 | +933% |
| Profit (loss) for the period to be appropriated | 9905 | €47,012 | €485,657 | +€438,645 | +933% |
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 24 October 2026 via checked.be.