RAPIDO: 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.
RAPIDO
Largest movements
- Stocks and contracts -€138,939
down €138,939 (-58.3%), from €238,161 to €99,222
- Cash +€26,411
up €26,411 (+59.4%), from €44,490 to €70,900
mainly Stocks and contracts (+€138,939) and Other debts (+€59,682)
- Tangible fixed assets -€11,446
down €11,446 (-4.1%), from €277,841 to €266,395
of which Land and buildings: -€12,400
- Receivables within one year -€9,040
down €9,040 (-26.5%), from €34,126 to €25,086
of which Other amounts receivable: -€10,304
- Trade debts -€100,324
down €100,324 (-53.3%), from €188,305 to €87,980
- Profit (loss) carried forward -€71,488
down €71,488, from €39,007 to -€32,482
- Other debts +€59,682
up €59,682 (+69.9%), from €85,351 to €145,032
- Debts after one year -€24,899
down €24,899 (-20.3%), from €122,538 to €97,639
of which Financial debts: -€24,899
- Provisions -€7,000
down €7,000 (-71.8%), from €9,750 to €2,750
- Staff costs +€17,162
up €17,162 (+1019.9%), from €1,683 to €18,845
- Other operating charges +€16,255
up €16,255 (+536.4%), from €3,030 to €19,285
- Provisions -€7,500
down €7,500, from €500 to -€7,000
- Write-downs +€5,000
no longer reported in 2025 (was -€5,000)
- Gross operating margin +€2,687
up €2,687 (+9.9%), from -€27,051 to -€24,364
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 | €597,110 | €463,967 | -€133,143 | -22.3% |
| Fixed assets | 21/28 | €277,841 | €266,395 | -€11,446 | -4.1% |
| Tangible fixed assets | 22/27 | €277,841 | €266,395 | -€11,446 | -4.1% |
| Land and buildings | 22 | €277,051 | €264,650 | -€12,400 | -4.5% |
| Plant, machinery and equipment | 23 | €790 | €870 | +€80 | +10.1% |
| Furniture and vehicles | 24 | - | €874 | +€874 | |
| Current assets | 29/58 | €319,269 | €197,572 | -€121,697 | -38.1% |
| Stocks and contracts in progress | 3 | €238,161 | €99,222 | -€138,939 | -58.3% |
| Stocks | 30/36 | €238,161 | €99,222 | -€138,939 | -58.3% |
| Amounts receivable within one year | 40/41 | €34,126 | €25,086 | -€9,040 | -26.5% |
| Trade receivables | 40 | €3,507 | €4,771 | +€1,264 | +36.0% |
| Other amounts receivable | 41 | €30,619 | €20,315 | -€10,304 | -33.7% |
| Cash at bank and in hand | 54/58 | €44,490 | €70,900 | +€26,411 | +59.4% |
| Deferred charges and accrued income | 490/1 | €2,493 | €2,364 | -€129 | -5.2% |
| Total equity and liabilities | 10/49 | €597,110 | €463,967 | -€133,143 | -22.3% |
| Equity | 10/15 | €152,267 | €80,778 | -€71,488 | -46.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €100,860 | €100,860 | = | 0.0% |
| Distributable reserves | 133 | €100,860 | €100,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,007 | -€32,482 | -€71,488 | |
| Provisions and deferred taxes | 16 | €9,750 | €2,750 | -€7,000 | -71.8% |
| Provisions for liabilities and charges | 160/5 | €9,750 | €2,750 | -€7,000 | -71.8% |
| Major repairs and maintenance | 162 | €9,750 | €2,750 | -€7,000 | -71.8% |
| Amounts payable | 17/49 | €435,093 | €380,439 | -€54,655 | -12.6% |
| Amounts payable after more than one year | 17 | €122,538 | €97,639 | -€24,899 | -20.3% |
| Financial debts | 170/4 | €35,678 | €10,779 | -€24,899 | -69.8% |
| Other amounts payable | 178/9 | €86,860 | €86,860 | = | 0.0% |
| Amounts payable within one year | 42/48 | €312,555 | €282,799 | -€29,756 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €24,295 | €25,201 | +€906 | +3.7% |
| Trade debts | 44 | €188,305 | €87,980 | -€100,324 | -53.3% |
| Suppliers | 440/4 | €188,305 | €87,980 | -€100,324 | -53.3% |
| Advances received on contracts in progress | 46 | €13,100 | €18,650 | +€5,550 | +42.4% |
| Taxes, remuneration and social security | 45 | €1,505 | €5,936 | +€4,431 | +294.4% |
| Taxes | 450/3 | €1,321 | €2,877 | +€1,556 | +117.8% |
| Remuneration and social security | 454/9 | €184 | €3,060 | +€2,875 | +1558.4% |
| Other amounts payable | 47/48 | €85,351 | €145,032 | +€59,682 | +69.9% |
| Remuneration, social security and pensions | 62 | €1,683 | €18,845 | +€17,162 | +1019.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,412 | €13,480 | +€68 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,000 | - | +€5,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €500 | -€7,000 | -€7,500 | |
| Other operating charges | 640/8 | €3,030 | €19,285 | +€16,255 | +536.4% |
| Gross operating margin | 9900 | -€27,051 | -€24,364 | +€2,687 | +9.9% |
| Operating profit (loss) | 9901 | -€40,676 | -€68,973 | -€28,298 | -69.6% |
| Financial income | 75/76B | €1 | €37 | +€35 | +2532.9% |
| Recurring financial income | 75 | €1 | €37 | +€35 | +2532.9% |
| Financial charges | 65/66B | €2,874 | €2,552 | -€322 | -11.2% |
| Recurring financial charges | 65 | €2,874 | €2,552 | -€322 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€43,548 | -€71,488 | -€27,941 | -64.2% |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | -€43,675 | -€71,488 | -€27,813 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,675 | -€71,488 | -€27,813 | -63.7% |
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 7 October 2026 via checked.be.