R.P.: 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.
R.P.
Largest movements
- Tangible fixed assets -€67,516
down €67,516 (-7.5%), from €906,009 to €838,493
of which Land and buildings: -€37,944
- Receivables within one year +€20,178
up €20,178 (+68.4%), from €29,500 to €49,678
- Debts after one year -€56,196
down €56,196 (-10.2%), from €549,021 to €492,825
- Profit (loss) carried forward +€33,009
no longer reported in 2025 (was -€33,009)
- Other debts -€22,080
down €22,080 (-9.2%), from €239,927 to €217,847
- Financial charges -€3,166
down €3,166 (-20.7%), from €15,265 to €12,099
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 | €951,159 | €903,691 | -€47,467 | -5.0% |
| Fixed assets | 21/28 | €906,009 | €838,493 | -€67,516 | -7.5% |
| Tangible fixed assets | 22/27 | €906,009 | €838,493 | -€67,516 | -7.5% |
| Land and buildings | 22 | €817,209 | €779,265 | -€37,944 | -4.6% |
| Plant, machinery and equipment | 23 | €1,264 | €456 | -€808 | -63.9% |
| Furniture and vehicles | 24 | €762 | - | -€762 | |
| Other tangible fixed assets | 26 | €86,774 | €58,772 | -€28,002 | -32.3% |
| Current assets | 29/58 | €45,150 | €65,199 | +€20,049 | +44.4% |
| Amounts receivable within one year | 40/41 | €29,500 | €49,678 | +€20,178 | +68.4% |
| Other amounts receivable | 41 | €29,500 | €49,678 | +€20,178 | +68.4% |
| Cash at bank and in hand | 54/58 | €13,869 | €13,678 | -€191 | -1.4% |
| Deferred charges and accrued income | 490/1 | €1,781 | €1,843 | +€62 | +3.5% |
| Total equity and liabilities | 10/49 | €951,159 | €903,691 | -€47,467 | -5.0% |
| Equity | 10/15 | €95,616 | €129,201 | +€33,585 | +35.1% |
| Contributions | 10/11 | €122,092 | €122,092 | = | 0.0% |
| Reserves | 13 | €6,533 | €7,109 | +€576 | +8.8% |
| Tax-exempt reserves | 132 | €4,674 | €918 | -€3,756 | -80.4% |
| Distributable reserves | 133 | €1,859 | €6,191 | +€4,331 | +233.0% |
| Profit (loss) carried forward | 14 | -€33,009 | - | +€33,009 | |
| Amounts payable | 17/49 | €855,543 | €774,491 | -€81,052 | -9.5% |
| Amounts payable after more than one year | 17 | €549,021 | €492,825 | -€56,196 | -10.2% |
| Financial debts | 170/4 | €549,021 | €492,825 | -€56,196 | -10.2% |
| Amounts payable within one year | 42/48 | €299,894 | €276,907 | -€22,987 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €55,600 | €56,196 | +€596 | +1.1% |
| Trade debts | 44 | €1,672 | €509 | -€1,164 | -69.6% |
| Suppliers | 440/4 | €1,672 | €509 | -€1,164 | -69.6% |
| Taxes, remuneration and social security | 45 | €2,694 | €2,355 | -€340 | -12.6% |
| Taxes | 450/3 | €2,694 | €2,355 | -€340 | -12.6% |
| Other amounts payable | 47/48 | €239,927 | €217,847 | -€22,080 | -9.2% |
| Accrued charges and deferred income | 492/3 | €6,628 | €4,759 | -€1,869 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,626 | €67,516 | -€1,110 | -1.6% |
| Other operating charges | 640/8 | €10,393 | €10,077 | -€316 | -3.0% |
| Gross operating margin | 9900 | €124,730 | €123,710 | -€1,020 | -0.8% |
| Operating profit (loss) | 9901 | €45,711 | €46,117 | +€406 | +0.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €15,265 | €12,099 | -€3,166 | -20.7% |
| Recurring financial charges | 65 | €15,265 | €12,099 | -€3,166 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €30,449 | €34,018 | +€3,569 | +11.7% |
| Income taxes | 67/77 | - | €433 | +€433 | |
| Profit (loss) for the period | 9904 | €30,449 | €33,585 | +€3,136 | +10.3% |
| Transfer from tax-exempt reserves | 789 | €3,756 | €3,756 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,204 | €37,340 | +€3,136 | +9.2% |
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 3 October 2026 via checked.be.