M RPST: 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.
M RPST
Largest movements
- Cash -€72,000
down €72,000 (-83.3%), from €86,476 to €14,475
mainly Investment in fixed assets (net) (-€63,883) and Receivables after one year (-€38,750)
- Tangible fixed assets +€53,209
up €53,209 (+3,486%), from €1,527 to €54,736
of which Furniture and vehicles: +€53,309
- Receivables after one year +€38,750
up €38,750 (+182%), from €21,250 to €60,000
- Receivables within one year +€15,250
up €15,250 (+163%), from €9,330 to €24,580
of which Trade receivables: +€15,231
- Deferred charges and accrued income +€8,289
up €8,289 (+959%), from €864 to €9,153
- Debts after one year +€33,329
new in 2025: €33,329
- Other debts +€13,607
up €13,607 (+528%), from €2,577 to €16,184
- Reserves -€11,887
down €11,887 (-12.9%), from €92,348 to €80,461
- Current portion of long-term debt +€9,887
new in 2025: €9,887
- Tax, wage and social debts -€1,786
down €1,786 (-7.9%), from €22,693 to €20,907
- Depreciation +€9,553
up €9,553 (+852%), from €1,121 to €10,674
- Gross operating margin -€5,894
down €5,894 (-14.1%), from €41,764 to €35,869
- Taxes -€2,444
down €2,444 (-28.9%), from €8,444 to €6,000
- Financial income +€1,700
up €1,700 (+1,464%), from €116 to €1,816
- Financial charges +€795
up €795 (+63.9%), from €1,244 to €2,039
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 | €119,447 | €162,944 | +€43,497 | +36.4% |
| Fixed assets | 21/28 | €1,527 | €54,736 | +€53,209 | +3,486% |
| Tangible fixed assets | 22/27 | €1,527 | €54,736 | +€53,209 | +3,486% |
| Plant, machinery and equipment | 23 | €175 | €75 | -€100 | -57.2% |
| Furniture and vehicles | 24 | €1,352 | €54,661 | +€53,309 | +3,943% |
| Current assets | 29/58 | €117,920 | €108,208 | -€9,712 | -8.2% |
| Amounts receivable after more than one year | 29 | €21,250 | €60,000 | +€38,750 | +182% |
| Other amounts receivable | 291 | €21,250 | €60,000 | +€38,750 | +182% |
| Amounts receivable within one year | 40/41 | €9,330 | €24,580 | +€15,250 | +163% |
| Trade receivables | 40 | €9,330 | €24,561 | +€15,231 | +163% |
| Other amounts receivable | 41 | €0 | €19 | +€19 | |
| Cash at bank and in hand | 54/58 | €86,476 | €14,475 | -€72,000 | -83.3% |
| Deferred charges and accrued income | 490/1 | €864 | €9,153 | +€8,289 | +959% |
| Total equity and liabilities | 10/49 | €119,447 | €162,944 | +€43,497 | +36.4% |
| Equity | 10/15 | €92,848 | €80,961 | -€11,887 | -12.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €92,348 | €80,461 | -€11,887 | -12.9% |
| Distributable reserves | 133 | €92,348 | €80,461 | -€11,887 | -12.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,599 | €81,983 | +€55,384 | +208% |
| Amounts payable after more than one year | 17 | - | €33,329 | +€33,329 | |
| Financial debts | 170/4 | - | €33,329 | +€33,329 | |
| Amounts payable within one year | 42/48 | €26,461 | €48,654 | +€22,193 | +83.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,887 | +€9,887 | |
| Trade debts | 44 | €1,191 | €1,677 | +€486 | +40.8% |
| Suppliers | 440/4 | €1,191 | €1,677 | +€486 | +40.8% |
| Taxes, remuneration and social security | 45 | €22,693 | €20,907 | -€1,786 | -7.9% |
| Taxes | 450/3 | €22,693 | €20,907 | -€1,786 | -7.9% |
| Other amounts payable | 47/48 | €2,577 | €16,184 | +€13,607 | +528% |
| Accrued charges and deferred income | 492/3 | €138 | €0 | -€138 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,121 | €10,674 | +€9,553 | +852% |
| Other operating charges | 640/8 | €340 | €859 | +€519 | +153% |
| Gross operating margin | 9900 | €41,764 | €35,869 | -€5,894 | -14.1% |
| Operating profit (loss) | 9901 | €40,302 | €24,336 | -€15,966 | -39.6% |
| Financial income | 75/76B | €116 | €1,816 | +€1,700 | +1,464% |
| Recurring financial income | 75 | €116 | €1,816 | +€1,700 | +1,464% |
| Financial charges | 65/66B | €1,244 | €2,039 | +€795 | +63.9% |
| Recurring financial charges | 65 | €1,244 | €2,039 | +€795 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €39,174 | €24,113 | -€15,062 | -38.4% |
| Income taxes | 67/77 | €8,444 | €6,000 | -€2,444 | -28.9% |
| Profit (loss) for the period | 9904 | €30,731 | €18,113 | -€12,618 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,731 | €18,113 | -€12,618 | -41.1% |
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 20 October 2026 via checked.be.