RAP Verhuur: 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.
RAP Verhuur
Largest movements
- Tangible fixed assets +€55,990
up €55,990 (+105%), from €53,291 to €109,281
of which Plant, machinery and equipment: +€58,227
- Receivables within one year -€26,215
down €26,215 (-44.5%), from €58,961 to €32,746
of which Other amounts receivable: -€30,225
- Cash -€10,803
down €10,803 (-19.4%), from €55,585 to €44,783
mainly Investment in fixed assets (net) (-€79,372) and Tax, wage and social debts (-€30,376)
- Tax, wage and social debts -€30,376
down €30,376 (-83.1%), from €36,545 to €6,169
- Reserves +€28,592
up €28,592 (+52.7%), from €54,281 to €82,872
of which Distributable reserves: +€28,592
- Trade debts +€21,690
up €21,690 (+105%), from €20,601 to €42,291
- Gross operating margin +€50,774
up €50,774 (+353%), from €14,367 to €65,140
- Depreciation +€12,681
up €12,681 (+119%), from €10,701 to €23,382
- Taxes +€10,872
up €10,872 (+1,428%), from €762 to €11,634
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 | €172,744 | €191,716 | +€18,972 | +11.0% |
| Fixed assets | 21/28 | €58,198 | €114,188 | +€55,990 | +96.2% |
| Intangible fixed assets | 21 | €4,907 | €4,907 | = | 0.0% |
| Tangible fixed assets | 22/27 | €53,291 | €109,281 | +€55,990 | +105% |
| Plant, machinery and equipment | 23 | €38,499 | €96,726 | +€58,227 | +151% |
| Furniture and vehicles | 24 | €14,792 | €12,555 | -€2,237 | -15.1% |
| Current assets | 29/58 | €114,546 | €77,529 | -€37,018 | -32.3% |
| Amounts receivable within one year | 40/41 | €58,961 | €32,746 | -€26,215 | -44.5% |
| Trade receivables | 40 | €23,854 | €27,864 | +€4,009 | +16.8% |
| Other amounts receivable | 41 | €35,106 | €4,882 | -€30,225 | -86.1% |
| Cash at bank and in hand | 54/58 | €55,585 | €44,783 | -€10,803 | -19.4% |
| Total equity and liabilities | 10/49 | €172,744 | €191,716 | +€18,972 | +11.0% |
| Equity | 10/15 | €82,259 | €110,851 | +€28,592 | +34.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,281 | €82,872 | +€28,592 | +52.7% |
| Non-distributable reserves | 130/1 | €698 | €698 | = | 0.0% |
| Reserves not available under the articles | 1311 | €698 | €698 | = | 0.0% |
| Distributable reserves | 133 | €53,582 | €82,174 | +€28,592 | +53.4% |
| Profit (loss) carried forward | 14 | €21,779 | €21,779 | = | 0.0% |
| Amounts payable | 17/49 | €90,485 | €80,865 | -€9,620 | -10.6% |
| Amounts payable within one year | 42/48 | €90,485 | €80,865 | -€9,620 | -10.6% |
| Trade debts | 44 | €20,601 | €42,291 | +€21,690 | +105% |
| Suppliers | 440/4 | €20,601 | €42,291 | +€21,690 | +105% |
| Taxes, remuneration and social security | 45 | €36,545 | €6,169 | -€30,376 | -83.1% |
| Taxes | 450/3 | €36,545 | €6,169 | -€30,376 | -83.1% |
| Other amounts payable | 47/48 | €33,339 | €32,406 | -€933 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,701 | €23,382 | +€12,681 | +119% |
| Other operating charges | 640/8 | €1,495 | €1,200 | -€296 | -19.8% |
| Gross operating margin | 9900 | €14,367 | €65,140 | +€50,774 | +353% |
| Operating profit (loss) | 9901 | €2,171 | €40,559 | +€38,388 | +1,769% |
| Financial income | 75/76B | €4 | €1 | -€4 | -83.0% |
| Recurring financial income | 75 | €4 | €1 | -€4 | -83.0% |
| Financial charges | 65/66B | €383 | €334 | -€49 | -12.9% |
| Recurring financial charges | 65 | €383 | €334 | -€49 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €1,791 | €40,226 | +€38,434 | +2,145% |
| Income taxes | 67/77 | €762 | €11,634 | +€10,872 | +1,428% |
| Profit (loss) for the period | 9904 | €1,030 | €28,592 | +€27,562 | +2,676% |
| Profit (loss) for the period to be appropriated | 9905 | €1,030 | €28,592 | +€27,562 | +2,676% |
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 18 October 2026 via checked.be.