R.P.D.: 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.
R.P.D.
Largest movements
- Stocks and contracts -€199,332
down €199,332 (-98.8%), from €201,705 to €2,373
- Cash -€143,815
down €143,815 (-86.5%), from €166,290 to €22,476
mainly Debts after one year (-€260,000) and Accrued charges and deferred income (-€74,107)
- Debts after one year -€260,000
down €260,000 (-86.7%), from €300,000 to €40,000
- Accrued charges and deferred income -€74,107
down €74,107 (-96.3%), from €76,934 to €2,827
- Profit (loss) carried forward -€15,274
down €15,274 (-17.4%), from -€87,676 to -€102,950
- Financial income -€20,971
down €20,971 (-87.2%), from €24,055 to €3,084
- Financial charges -€16,040
down €16,040 (-84.9%), from €18,901 to €2,860
- Gross operating margin -€3,498
down €3,498 (-36.8%), from -€9,503 to -€13,001
- Other operating charges -€822
down €822 (-29.4%), from €2,791 to €1,969
- Depreciation +€527
new in 2025: €527
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 | €899,401 | €549,333 | -€350,068 | -38.9% |
| Fixed assets | 21/28 | €228,493 | €230,294 | +€1,801 | +0.8% |
| Tangible fixed assets | 22/27 | - | €1,801 | +€1,801 | |
| Plant, machinery and equipment | 23 | - | €1,801 | +€1,801 | |
| Financial fixed assets | 28 | €228,493 | €228,493 | = | 0.0% |
| Current assets | 29/58 | €670,908 | €319,039 | -€351,869 | -52.4% |
| Stocks and contracts in progress | 3 | €201,705 | €2,373 | -€199,332 | -98.8% |
| Stocks | 30/36 | €201,705 | €2,373 | -€199,332 | -98.8% |
| Amounts receivable within one year | 40/41 | €302,913 | €294,191 | -€8,722 | -2.9% |
| Other amounts receivable | 41 | €302,913 | €294,191 | -€8,722 | -2.9% |
| Cash at bank and in hand | 54/58 | €166,290 | €22,476 | -€143,815 | -86.5% |
| Total equity and liabilities | 10/49 | €899,401 | €549,333 | -€350,068 | -38.9% |
| Equity | 10/15 | €521,779 | €506,506 | -€15,274 | -2.9% |
| Contributions | 10/11 | €607,655 | €607,655 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,676 | -€102,950 | -€15,274 | -17.4% |
| Amounts payable | 17/49 | €377,622 | €42,827 | -€334,795 | -88.7% |
| Amounts payable after more than one year | 17 | €300,000 | €40,000 | -€260,000 | -86.7% |
| Other amounts payable | 178/9 | €300,000 | €40,000 | -€260,000 | -86.7% |
| Amounts payable within one year | 42/48 | €688 | - | -€688 | |
| Trade debts | 44 | €688 | - | -€688 | |
| Suppliers | 440/4 | €688 | - | -€688 | |
| Accrued charges and deferred income | 492/3 | €76,934 | €2,827 | -€74,107 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €527 | +€527 | |
| Other operating charges | 640/8 | €2,791 | €1,969 | -€822 | -29.4% |
| Gross operating margin | 9900 | -€9,503 | -€13,001 | -€3,498 | -36.8% |
| Operating profit (loss) | 9901 | -€12,294 | -€15,498 | -€3,204 | -26.1% |
| Financial income | 75/76B | €24,055 | €3,084 | -€20,971 | -87.2% |
| Recurring financial income | 75 | €24,055 | €3,084 | -€20,971 | -87.2% |
| Financial charges | 65/66B | €18,901 | €2,860 | -€16,040 | -84.9% |
| Recurring financial charges | 65 | €18,901 | €2,860 | -€16,040 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,139 | -€15,274 | -€8,135 | -113.9% |
| Profit (loss) for the period | 9904 | -€7,139 | -€15,274 | -€8,135 | -113.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,139 | -€15,274 | -€8,135 | -113.9% |
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 9 October 2026 via checked.be.