VAN DOORN 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.
VAN DOORN RAF
Largest movements
- Tangible fixed assets -€14,520
down €14,520 (-28.6%), from €50,791 to €36,271
of which Furniture and vehicles: -€10,481
- Stocks and contracts -€5,487
down €5,487 (-27.5%), from €19,928 to €14,441
- Receivables within one year +€4,499
up €4,499 (+12.3%), from €36,693 to €41,192
of which Trade receivables: +€8,469
- Cash +€3,187
up €3,187 (+1,275%), from €250 to €3,437
mainly Depreciation (+€14,520) and Net result for the year (+€12,216)
- Profit (loss) carried forward +€12,216
up €12,216 (+77.5%), from -€15,761 to -€3,545
- Short-term financial debts -€9,646
no longer reported in 2025 (was €9,646)
- Trade debts -€8,894
down €8,894 (-96.2%), from €9,244 to €350
- Reserves -€8,000
down €8,000 (-16.6%), from €48,310 to €40,310
of which Distributable reserves: -€8,000
- Other debts +€7,979
up €7,979 (+118%), from €6,769 to €14,748
- Gross operating margin +€38,799
up €38,799, from -€9,081 to €29,718
- Financial charges -€645
down €645 (-41.0%), from €1,573 to €928
- Financial income +€441
up €441 (+44,100%), from €1 to €442
- Depreciation -€416
down €416 (-2.8%), from €14,936 to €14,520
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 | €110,680 | €98,431 | -€12,249 | -11.1% |
| Fixed assets | 21/28 | €50,791 | €36,271 | -€14,520 | -28.6% |
| Tangible fixed assets | 22/27 | €50,791 | €36,271 | -€14,520 | -28.6% |
| Plant, machinery and equipment | 23 | €1,968 | €812 | -€1,156 | -58.7% |
| Furniture and vehicles | 24 | €39,337 | €28,856 | -€10,481 | -26.6% |
| Other tangible fixed assets | 26 | €9,486 | €6,603 | -€2,883 | -30.4% |
| Current assets | 29/58 | €59,889 | €62,160 | +€2,271 | +3.8% |
| Stocks and contracts in progress | 3 | €19,928 | €14,441 | -€5,487 | -27.5% |
| Stocks | 30/36 | €19,928 | €14,441 | -€5,487 | -27.5% |
| Amounts receivable within one year | 40/41 | €36,693 | €41,192 | +€4,499 | +12.3% |
| Trade receivables | 40 | €2,494 | €10,963 | +€8,469 | +340% |
| Other amounts receivable | 41 | €34,199 | €30,229 | -€3,970 | -11.6% |
| Cash at bank and in hand | 54/58 | €250 | €3,437 | +€3,187 | +1,275% |
| Deferred charges and accrued income | 490/1 | €3,018 | €3,090 | +€72 | +2.4% |
| Total equity and liabilities | 10/49 | €110,680 | €98,431 | -€12,249 | -11.1% |
| Equity | 10/15 | €44,949 | €49,165 | +€4,216 | +9.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €48,310 | €40,310 | -€8,000 | -16.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,450 | €38,450 | -€8,000 | -17.2% |
| Profit (loss) carried forward | 14 | -€15,761 | -€3,545 | +€12,216 | +77.5% |
| Amounts payable | 17/49 | €65,731 | €49,266 | -€16,465 | -25.0% |
| Amounts payable after more than one year | 17 | €33,494 | €30,000 | -€3,494 | -10.4% |
| Other amounts payable | 178/9 | €33,494 | €30,000 | -€3,494 | -10.4% |
| Amounts payable within one year | 42/48 | €32,237 | €19,266 | -€12,971 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €4,331 | €3,493 | -€838 | -19.3% |
| Financial debts | 43 | €9,646 | - | -€9,646 | |
| Credit institutions | 430/8 | €9,646 | - | -€9,646 | |
| Trade debts | 44 | €9,244 | €350 | -€8,894 | -96.2% |
| Suppliers | 440/4 | €9,244 | €350 | -€8,894 | -96.2% |
| Taxes, remuneration and social security | 45 | €2,247 | €675 | -€1,572 | -70.0% |
| Taxes | 450/3 | €2,247 | €675 | -€1,572 | -70.0% |
| Other amounts payable | 47/48 | €6,769 | €14,748 | +€7,979 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,936 | €14,520 | -€416 | -2.8% |
| Other operating charges | 640/8 | €1,685 | €1,896 | +€211 | +12.5% |
| Gross operating margin | 9900 | -€9,081 | €29,718 | +€38,799 | |
| Operating profit (loss) | 9901 | -€25,702 | €13,302 | +€39,004 | |
| Financial income | 75/76B | €1 | €442 | +€441 | +44,100% |
| Recurring financial income | 75 | €1 | €442 | +€441 | +44,100% |
| Financial charges | 65/66B | €1,573 | €928 | -€645 | -41.0% |
| Recurring financial charges | 65 | €1,573 | €928 | -€645 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | -€27,274 | €12,816 | +€40,090 | |
| Income taxes | 67/77 | €360 | €600 | +€240 | +66.7% |
| Profit (loss) for the period | 9904 | -€27,634 | €12,216 | +€39,850 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,634 | €12,216 | +€39,850 |
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 16 October 2026 via checked.be.