RAPIDE: 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.
RAPIDE
Largest movements
- Current investments -€590,400
down €590,400 (-98.4%), from €600,000 to €9,600
- Cash +€293,397
up €293,397 (+1209.6%), from €24,256 to €317,654
mainly Current investments (+€590,400) and Depreciation (+€5,918)
- Receivables within one year +€217,779
up €217,779 (+46.3%), from €469,940 to €687,720
of which Trade receivables: +€181,500
- Deferred charges and accrued income +€25,000
new in 2025: €25,000
- Trade debts -€37,148
down €37,148 (-59.9%), from €62,000 to €24,852
- Tax, wage and social debts -€18,279
down €18,279 (-44.6%), from €41,001 to €22,722
- Financial income -€923,854
down €923,854 (-98.3%), from €939,704 to €15,850
of which Non-recurring financial income: -€922,358
- Gross operating margin -€36,193
down €36,193, from €31,158 to -€5,036
- Depreciation -€3,385
down €3,385 (-36.4%), from €9,302 to €5,918
- Taxes -€2,412
down €2,412 (-24.4%), from €9,866 to €7,455
- Other operating charges -€1,776
no longer reported in 2025 (was €1,776)
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 | €1,098,352 | €1,039,974 | -€58,379 | -5.3% |
| Fixed assets | 21/28 | €4,156 | - | -€4,156 | |
| Tangible fixed assets | 22/27 | €4,156 | - | -€4,156 | |
| Leasing and similar rights | 25 | €4,156 | - | -€4,156 | |
| Current assets | 29/58 | €1,094,197 | €1,039,974 | -€54,223 | -5.0% |
| Amounts receivable within one year | 40/41 | €469,940 | €687,720 | +€217,779 | +46.3% |
| Trade receivables | 40 | €217,800 | €399,300 | +€181,500 | +83.3% |
| Other amounts receivable | 41 | €252,140 | €288,420 | +€36,279 | +14.4% |
| Current investments | 50/53 | €600,000 | €9,600 | -€590,400 | -98.4% |
| Cash at bank and in hand | 54/58 | €24,256 | €317,654 | +€293,397 | +1209.6% |
| Deferred charges and accrued income | 490/1 | - | €25,000 | +€25,000 | |
| Total equity and liabilities | 10/49 | €1,098,352 | €1,039,974 | -€58,379 | -5.3% |
| Equity | 10/15 | €948,697 | €945,194 | -€3,503 | -0.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €948,696 | €945,193 | -€3,503 | -0.4% |
| Distributable reserves | 133 | €948,696 | €945,193 | -€3,503 | -0.4% |
| Amounts payable | 17/49 | €149,655 | €94,779 | -€54,876 | -36.7% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €104,655 | €49,779 | -€54,876 | -52.4% |
| Trade debts | 44 | €62,000 | €24,852 | -€37,148 | -59.9% |
| Suppliers | 440/4 | €62,000 | €24,852 | -€37,148 | -59.9% |
| Taxes, remuneration and social security | 45 | €41,001 | €22,722 | -€18,279 | -44.6% |
| Taxes | 450/3 | €41,001 | €22,722 | -€18,279 | -44.6% |
| Other amounts payable | 47/48 | €1,654 | €2,205 | +€551 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,302 | €5,918 | -€3,385 | -36.4% |
| Other operating charges | 640/8 | €1,776 | - | -€1,776 | |
| Gross operating margin | 9900 | €31,158 | -€5,036 | -€36,193 | |
| Operating profit (loss) | 9901 | €20,080 | -€10,953 | -€31,033 | |
| Financial income | 75/76B | €939,704 | €15,850 | -€923,854 | -98.3% |
| Recurring financial income | 75 | €17,346 | €15,850 | -€1,496 | -8.6% |
| Non-recurring financial income | 76B | €922,358 | - | -€922,358 | |
| Financial charges | 65/66B | €1,221 | €945 | -€276 | -22.6% |
| Recurring financial charges | 65 | €1,221 | €945 | -€276 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €958,563 | €3,952 | -€954,611 | -99.6% |
| Income taxes | 67/77 | €9,866 | €7,455 | -€2,412 | -24.4% |
| Profit (loss) for the period | 9904 | €948,696 | -€3,503 | -€952,199 | |
| Profit (loss) for the period to be appropriated | 9905 | €948,696 | -€3,503 | -€952,199 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.