RF Solutions: what changed
RF Solutions
Largest movements
- Receivables within one year +€92,702
up €92,702 (+220%), from €42,070 to €134,772
of which Other amounts receivable: +€92,108
- Cash -€57,689
down €57,689 (-53.2%), from €108,508 to €50,819
mainly Receivables within one year (-€92,702) and Trade debts (-€5,459)
- Reserves +€30,720
up €30,720 (+25.4%), from €120,753 to €151,473
- Tax, wage and social debts +€9,733
up €9,733 (+45.6%), from €21,350 to €31,083
of which Taxes: +€7,333
- Trade debts -€5,459
down €5,459 (-86.9%), from €6,280 to €821
- Provisions +€29,915
up €29,915, from -€29,915 to €0
- Financial charges +€17,906
up €17,906 (+56.0%), from €31,982 to €49,888
- Taxes -€10,875
down €10,875 (-56.9%), from €19,123 to €8,248
- Gross operating margin -€10,713
down €10,713 (-11.1%), from €96,830 to €86,117
- Financial income +€3,603
up €3,603, from €0 to €3,603
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,784 | €185,796 | +€35,013 | +23.2% |
| Current assets | 29/58 | €150,784 | €185,796 | +€35,013 | +23.2% |
| Amounts receivable within one year | 40/41 | €42,070 | €134,772 | +€92,702 | +220% |
| Trade receivables | 40 | €12,831 | €13,425 | +€594 | +4.6% |
| Other amounts receivable | 41 | €29,239 | €121,347 | +€92,108 | +315% |
| Cash at bank and in hand | 54/58 | €108,508 | €50,819 | -€57,689 | -53.2% |
| Deferred charges and accrued income | 490/1 | €206 | €205 | -€1 | -0.3% |
| Total equity and liabilities | 10/49 | €150,784 | €185,796 | +€35,013 | +23.2% |
| Equity | 10/15 | €123,153 | €153,873 | +€30,720 | +24.9% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €120,753 | €151,473 | +€30,720 | +25.4% |
| Distributable reserves | 133 | €120,753 | €151,473 | +€30,720 | +25.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €27,630 | €31,923 | +€4,293 | +15.5% |
| Amounts payable within one year | 42/48 | €27,630 | €31,923 | +€4,293 | +15.5% |
| Financial debts | 43 | - | €19 | +€19 | |
| Other loans | 439 | - | €19 | +€19 | |
| Trade debts | 44 | €6,280 | €821 | -€5,459 | -86.9% |
| Suppliers | 440/4 | €6,280 | €821 | -€5,459 | -86.9% |
| Taxes, remuneration and social security | 45 | €21,350 | €31,083 | +€9,733 | +45.6% |
| Taxes | 450/3 | €21,350 | €28,683 | +€7,333 | +34.3% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Remuneration, social security and pensions | 62 | €49 | €0 | -€49 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€29,915 | €0 | +€29,915 | |
| Other operating charges | 640/8 | €502 | €865 | +€362 | +72.1% |
| Gross operating margin | 9900 | €96,830 | €86,117 | -€10,713 | -11.1% |
| Operating profit (loss) | 9901 | €126,193 | €85,253 | -€40,941 | -32.4% |
| Financial income | 75/76B | €0 | €3,603 | +€3,603 | |
| Recurring financial income | 75 | €0 | €3,603 | +€3,603 | |
| Financial charges | 65/66B | €31,982 | €49,888 | +€17,906 | +56.0% |
| Recurring financial charges | 65 | €31,982 | €49,888 | +€17,906 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €94,211 | €38,968 | -€55,243 | -58.6% |
| Income taxes | 67/77 | €19,123 | €8,248 | -€10,875 | -56.9% |
| Profit (loss) for the period | 9904 | €75,088 | €30,720 | -€44,368 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,088 | €30,720 | -€44,368 | -59.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.