RAPID RENOV: what changed
RAPID RENOV
Largest movements
- Receivables within one year +€98,700
up €98,700 (+495%), from €19,929 to €118,629
of which Trade receivables: +€95,762
- Tangible fixed assets +€49,310
up €49,310 (+231%), from €21,365 to €70,675
of which Furniture and vehicles: +€48,737
- Deferred charges and accrued income -€47,044
down €47,044 (-94.9%), from €49,565 to €2,521
- Cash +€7,618
up €7,618 (+7.3%), from €103,658 to €111,276
mainly Net result for the year (+€91,025) and Trade debts (+€58,176)
- Trade debts +€58,176
up €58,176 (+655%), from €8,883 to €67,059
- Advances received -€47,750
no longer reported in 2025 (was €47,750)
- Other debts +€47,578
up €47,578 (+1,219%), from €3,903 to €51,481
- Profit (loss) carried forward +€41,024
up €41,024 (+71.7%), from €57,188 to €98,212
- Debts after one year +€22,846
up €22,846 (+2,129%), from €1,073 to €23,919
- Gross operating margin +€69,428
up €69,428 (+198%), from €35,063 to €104,491
- Financial income +€16,610
new in 2025: €16,610
- Taxes +€4,688
up €4,688 (+73.6%), from €6,372 to €11,060
- Depreciation +€3,586
up €3,586 (+28.7%), from €12,505 to €16,091
- Staff costs +€1,255
up €1,255 (+295%), from €426 to €1,681
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,517 | €303,101 | +€108,584 | +55.8% |
| Fixed assets | 21/28 | €21,365 | €70,675 | +€49,310 | +231% |
| Tangible fixed assets | 22/27 | €21,365 | €70,675 | +€49,310 | +231% |
| Land and buildings | 22 | €3,835 | €3,565 | -€270 | -7.0% |
| Plant, machinery and equipment | 23 | €5,356 | €6,199 | +€843 | +15.7% |
| Furniture and vehicles | 24 | €12,174 | €60,911 | +€48,737 | +400% |
| Current assets | 29/58 | €173,152 | €232,426 | +€59,274 | +34.2% |
| Amounts receivable within one year | 40/41 | €19,929 | €118,629 | +€98,700 | +495% |
| Trade receivables | 40 | €19,819 | €115,581 | +€95,762 | +483% |
| Other amounts receivable | 41 | €110 | €3,048 | +€2,938 | +2,671% |
| Cash at bank and in hand | 54/58 | €103,658 | €111,276 | +€7,618 | +7.3% |
| Deferred charges and accrued income | 490/1 | €49,565 | €2,521 | -€47,044 | -94.9% |
| Total equity and liabilities | 10/49 | €194,517 | €303,101 | +€108,584 | +55.8% |
| Equity | 10/15 | €78,205 | €119,229 | +€41,024 | +52.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,417 | €2,417 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,417 | €2,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,188 | €98,212 | +€41,024 | +71.7% |
| Amounts payable | 17/49 | €116,312 | €183,872 | +€67,560 | +58.1% |
| Amounts payable after more than one year | 17 | €1,073 | €23,919 | +€22,846 | +2,129% |
| Financial debts | 170/4 | €1,073 | €23,919 | +€22,846 | +2,129% |
| Amounts payable within one year | 42/48 | €77,590 | €138,733 | +€61,143 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €4,293 | €8,890 | +€4,597 | +107% |
| Trade debts | 44 | €8,883 | €67,059 | +€58,176 | +655% |
| Suppliers | 440/4 | €8,883 | €67,059 | +€58,176 | +655% |
| Advances received on contracts in progress | 46 | €47,750 | - | -€47,750 | |
| Taxes, remuneration and social security | 45 | €12,761 | €11,303 | -€1,458 | -11.4% |
| Taxes | 450/3 | €6,761 | €11,303 | +€4,542 | +67.2% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €3,903 | €51,481 | +€47,578 | +1,219% |
| Accrued charges and deferred income | 492/3 | €37,649 | €21,220 | -€16,429 | -43.6% |
| Remuneration, social security and pensions | 62 | €426 | €1,681 | +€1,255 | +295% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,505 | €16,091 | +€3,586 | +28.7% |
| Other operating charges | 640/8 | €849 | €17 | -€832 | -98.0% |
| Gross operating margin | 9900 | €35,063 | €104,491 | +€69,428 | +198% |
| Operating profit (loss) | 9901 | €21,283 | €86,702 | +€65,419 | +307% |
| Financial income | 75/76B | - | €16,610 | +€16,610 | |
| Recurring financial income | 75 | - | €16,610 | +€16,610 | |
| Financial charges | 65/66B | €256 | €1,227 | +€971 | +379% |
| Recurring financial charges | 65 | €256 | €1,048 | +€792 | +309% |
| Non-recurring financial charges | 66B | - | €179 | +€179 | |
| Profit (loss) for the period before taxes | 9903 | €21,027 | €102,085 | +€81,058 | +385% |
| Income taxes | 67/77 | €6,372 | €11,060 | +€4,688 | +73.6% |
| Profit (loss) for the period | 9904 | €14,655 | €91,025 | +€76,370 | +521% |
| Profit (loss) for the period to be appropriated | 9905 | €14,655 | €91,025 | +€76,370 | +521% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.