RAPERO: 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.
RAPERO
Largest movements
- Receivables within one year -€60,500
down €60,500 (-84.0%), from €72,057 to €11,556
of which Trade receivables: -€67,953
- Tangible fixed assets +€12,924
up €12,924 (+3.6%), from €360,829 to €373,752
of which Furniture and vehicles: +€30,241
- Profit (loss) carried forward -€52,668
down €52,668, from €21,646 to -€31,022
- Other debts -€19,869
down €19,869 (-6.2%), from €322,981 to €303,112
- Debts after one year +€9,930
up €9,930 (+43.0%), from €23,087 to €33,018
- Current portion of long-term debt +€7,805
up €7,805 (+37.1%), from €21,032 to €28,837
- Gross operating margin -€54,299
down €54,299 (-94.1%), from €57,712 to €3,413
- Other operating charges +€6,291
up €6,291 (+347.4%), from €1,811 to €8,101
- Depreciation +€2,201
up €2,201 (+4.9%), from €44,691 to €46,892
- Financial charges -€936
down €936 (-50.1%), from €1,869 to €932
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 | €452,163 | €399,777 | -€52,386 | -11.6% |
| Fixed assets | 21/28 | €360,829 | €373,752 | +€12,924 | +3.6% |
| Tangible fixed assets | 22/27 | €360,829 | €373,752 | +€12,924 | +3.6% |
| Land and buildings | 22 | €291,208 | €269,138 | -€22,070 | -7.6% |
| Plant, machinery and equipment | 23 | €10,388 | €15,140 | +€4,752 | +45.7% |
| Furniture and vehicles | 24 | €59,233 | €89,474 | +€30,241 | +51.1% |
| Current assets | 29/58 | €91,334 | €26,024 | -€65,310 | -71.5% |
| Stocks and contracts in progress | 3 | €6,302 | €4,404 | -€1,897 | -30.1% |
| Stocks | 30/36 | €6,302 | €2,404 | -€3,897 | -61.8% |
| Contracts in progress | 37 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €72,057 | €11,556 | -€60,500 | -84.0% |
| Trade receivables | 40 | €71,769 | €3,816 | -€67,953 | -94.7% |
| Other amounts receivable | 41 | €287 | €7,740 | +€7,453 | +2595.9% |
| Cash at bank and in hand | 54/58 | €7,455 | €6,096 | -€1,358 | -18.2% |
| Deferred charges and accrued income | 490/1 | €5,521 | €3,967 | -€1,554 | -28.1% |
| Total equity and liabilities | 10/49 | €452,163 | €399,777 | -€52,386 | -11.6% |
| Equity | 10/15 | €69,961 | €17,293 | -€52,668 | -75.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,714 | €29,714 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,854 | €27,854 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,646 | -€31,022 | -€52,668 | |
| Amounts payable | 17/49 | €382,202 | €382,484 | +€282 | +0.1% |
| Amounts payable after more than one year | 17 | €23,087 | €33,018 | +€9,930 | +43.0% |
| Financial debts | 170/4 | €23,087 | €33,018 | +€9,930 | +43.0% |
| Amounts payable within one year | 42/48 | €357,440 | €347,771 | -€9,669 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €21,032 | €28,837 | +€7,805 | +37.1% |
| Trade debts | 44 | €11,686 | €15,461 | +€3,775 | +32.3% |
| Suppliers | 440/4 | €11,686 | €15,461 | +€3,775 | +32.3% |
| Taxes, remuneration and social security | 45 | €1,740 | €361 | -€1,379 | -79.2% |
| Taxes | 450/3 | €1,740 | €361 | -€1,379 | -79.2% |
| Other amounts payable | 47/48 | €322,981 | €303,112 | -€19,869 | -6.2% |
| Accrued charges and deferred income | 492/3 | €1,675 | €1,695 | +€20 | +1.2% |
| Non-recurring operating income | 76A | €238 | - | -€238 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,691 | €46,892 | +€2,201 | +4.9% |
| Other operating charges | 640/8 | €1,811 | €8,101 | +€6,291 | +347.4% |
| Non-recurring operating charges | 66A | €6,232 | - | -€6,232 | |
| Gross operating margin | 9900 | €57,712 | €3,413 | -€54,299 | -94.1% |
| Operating profit (loss) | 9901 | €4,978 | -€51,581 | -€56,558 | |
| Financial income | 75/76B | €261 | €206 | -€55 | -21.1% |
| Recurring financial income | 75 | €261 | €206 | -€55 | -21.1% |
| Financial charges | 65/66B | €1,869 | €932 | -€936 | -50.1% |
| Recurring financial charges | 65 | €1,869 | €932 | -€936 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €3,370 | -€52,307 | -€55,677 | |
| Income taxes | 67/77 | €325 | €361 | +€36 | +11.1% |
| Profit (loss) for the period | 9904 | €3,045 | -€52,668 | -€55,713 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,045 | -€52,668 | -€55,713 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.