RAPID: 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.
RAPID
Largest movements
- Tangible fixed assets -€75,409
down €75,409 (-88.3%), from €85,353 to €9,945
of which Other tangible fixed assets: -€56,113
- Receivables within one year -€22,919
down €22,919 (-57.4%), from €39,943 to €17,024
of which Trade receivables: -€27,872
- Cash -€19,509
down €19,509 (-99.9%), from €19,526 to €17
mainly Net result for the year (-€75,868) and Tax, wage and social debts (-€28,609)
- Profit (loss) carried forward -€75,868
down €75,868 (-34.8%), from -€217,781 to -€293,649
- Tax, wage and social debts -€28,609
down €28,609 (-98.7%), from €28,998 to €389
of which Taxes: -€15,003
- Trade debts -€16,609
down €16,609 (-52.3%), from €31,766 to €15,157
- Accrued charges and deferred income +€7,266
up €7,266 (+479.7%), from €1,515 to €8,781
- Other debts -€4,767
down €4,767 (-2.2%), from €220,759 to €215,992
- Gross operating margin -€203,085
down €203,085, from €184,760 to -€18,325
- Staff costs -€197,457
down €197,457 (-100.0%), from €197,457 to €0
- Depreciation -€6,787
down €6,787 (-46.3%), from €14,653 to €7,867
- Other operating charges -€5,326
down €5,326 (-93.2%), from €5,712 to €386
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 | €146,030 | €27,445 | -€118,586 | -81.2% |
| Fixed assets | 21/28 | €85,813 | €10,405 | -€75,409 | -87.9% |
| Tangible fixed assets | 22/27 | €85,353 | €9,945 | -€75,409 | -88.3% |
| Plant, machinery and equipment | 23 | €23,343 | €4,047 | -€19,296 | -82.7% |
| Other tangible fixed assets | 26 | €62,011 | €5,898 | -€56,113 | -90.5% |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €60,217 | €17,040 | -€43,177 | -71.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €39,943 | €17,024 | -€22,919 | -57.4% |
| Trade receivables | 40 | €39,937 | €12,065 | -€27,872 | -69.8% |
| Other amounts receivable | 41 | €6 | €4,959 | +€4,953 | +90059.6% |
| Cash at bank and in hand | 54/58 | €19,526 | €17 | -€19,509 | -99.9% |
| Deferred charges and accrued income | 490/1 | €749 | €0 | -€749 | -100.0% |
| Total equity and liabilities | 10/49 | €146,030 | €27,445 | -€118,586 | -81.2% |
| Equity | 10/15 | -€137,007 | -€212,875 | -€75,868 | -55.4% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €2,174 | €2,174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,174 | €2,174 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,174 | €2,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,781 | -€293,649 | -€75,868 | -34.8% |
| Amounts payable | 17/49 | €283,038 | €240,320 | -€42,718 | -15.1% |
| Amounts payable within one year | 42/48 | €281,523 | €231,539 | -€49,984 | -17.8% |
| Trade debts | 44 | €31,766 | €15,157 | -€16,609 | -52.3% |
| Suppliers | 440/4 | €31,766 | €15,157 | -€16,609 | -52.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €28,998 | €389 | -€28,609 | -98.7% |
| Taxes | 450/3 | €15,392 | €389 | -€15,003 | -97.5% |
| Remuneration and social security | 454/9 | €13,606 | €0 | -€13,606 | -100.0% |
| Other amounts payable | 47/48 | €220,759 | €215,992 | -€4,767 | -2.2% |
| Accrued charges and deferred income | 492/3 | €1,515 | €8,781 | +€7,266 | +479.7% |
| Non-recurring operating income | 76A | €13,737 | €3,910 | -€9,827 | -71.5% |
| Remuneration, social security and pensions | 62 | €197,457 | €0 | -€197,457 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,653 | €7,867 | -€6,787 | -46.3% |
| Other operating charges | 640/8 | €5,712 | €386 | -€5,326 | -93.2% |
| Non-recurring operating charges | 66A | €33,182 | €48,568 | +€15,387 | +46.4% |
| Gross operating margin | 9900 | €184,760 | -€18,325 | -€203,085 | |
| Operating profit (loss) | 9901 | -€66,244 | -€75,146 | -€8,902 | -13.4% |
| Financial income | 75/76B | €33 | €82 | +€49 | +145.4% |
| Recurring financial income | 75 | €33 | €82 | +€49 | +145.4% |
| Financial charges | 65/66B | €240 | €804 | +€564 | +235.5% |
| Recurring financial charges | 65 | €240 | €804 | +€564 | +235.5% |
| Profit (loss) for the period before taxes | 9903 | -€66,450 | -€75,868 | -€9,418 | -14.2% |
| Profit (loss) for the period | 9904 | -€66,450 | -€75,868 | -€9,418 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,450 | -€75,868 | -€9,418 | -14.2% |
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 12 October 2026 via checked.be.