Rapido III: 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.
Rapido III
Largest movements
- Cash +€8,769
up €8,769 (+47.8%), from €18,361 to €27,130
mainly Net result for the year (+€13,375) and Depreciation (+€1,882)
- Tangible fixed assets +€1,458
up €1,458 (+355%), from €411 to €1,869
of which Plant, machinery and equipment: +€900
- Deferred charges and accrued income +€1,357
up €1,357 (+316%), from €429 to €1,786
- Profit (loss) carried forward +€13,375
up €13,375 (+190%), from €7,056 to €20,431
- Other debts -€3,190
down €3,190 (-54.9%), from €5,807 to €2,618
- Tax, wage and social debts +€1,426
up €1,426 (+46.2%), from €3,086 to €4,513
- Gross operating margin +€4,715
up €4,715 (+26.8%), from €17,572 to €22,287
- Taxes +€2,026
up €2,026 (+114%), from €1,775 to €3,802
- Other operating charges +€1,883
up €1,883 (+209%), from €900 to €2,783
- Depreciation +€1,796
up €1,796 (+2,108%), from €85 to €1,882
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.
Derived cash bridge
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 | €19,368 | €31,127 | +€11,758 | +60.7% |
| Fixed assets | 21/28 | €411 | €1,869 | +€1,458 | +355% |
| Tangible fixed assets | 22/27 | €411 | €1,869 | +€1,458 | +355% |
| Plant, machinery and equipment | 23 | €411 | €1,311 | +€900 | +219% |
| Furniture and vehicles | 24 | - | €558 | +€558 | |
| Current assets | 29/58 | €18,957 | €29,258 | +€10,300 | +54.3% |
| Amounts receivable within one year | 40/41 | €167 | €342 | +€175 | +104% |
| Trade receivables | 40 | - | €335 | +€335 | |
| Other amounts receivable | 41 | €167 | €7 | -€160 | -95.7% |
| Cash at bank and in hand | 54/58 | €18,361 | €27,130 | +€8,769 | +47.8% |
| Deferred charges and accrued income | 490/1 | €429 | €1,786 | +€1,357 | +316% |
| Total equity and liabilities | 10/49 | €19,368 | €31,127 | +€11,758 | +60.7% |
| Equity | 10/15 | €10,056 | €23,431 | +€13,375 | +133% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,056 | €20,431 | +€13,375 | +190% |
| Amounts payable | 17/49 | €9,313 | €7,696 | -€1,617 | -17.4% |
| Amounts payable within one year | 42/48 | €9,313 | €7,688 | -€1,625 | -17.4% |
| Trade debts | 44 | €419 | €557 | +€139 | +33.1% |
| Suppliers | 440/4 | €419 | €557 | +€139 | +33.1% |
| Taxes, remuneration and social security | 45 | €3,086 | €4,513 | +€1,426 | +46.2% |
| Taxes | 450/3 | €3,086 | €4,513 | +€1,426 | +46.2% |
| Other amounts payable | 47/48 | €5,807 | €2,618 | -€3,190 | -54.9% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85 | €1,882 | +€1,796 | +2,108% |
| Other operating charges | 640/8 | €900 | €2,783 | +€1,883 | +209% |
| Gross operating margin | 9900 | €17,572 | €22,287 | +€4,715 | +26.8% |
| Operating profit (loss) | 9901 | €16,587 | €17,622 | +€1,035 | +6.2% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100% |
| Financial charges | 65/66B | €263 | €446 | +€182 | +69.3% |
| Recurring financial charges | 65 | €263 | €446 | +€182 | +69.3% |
| Profit (loss) for the period before taxes | 9903 | €16,331 | €17,177 | +€846 | +5.2% |
| Income taxes | 67/77 | €1,775 | €3,802 | +€2,026 | +114% |
| Profit (loss) for the period | 9904 | €14,556 | €13,375 | -€1,181 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,556 | €13,375 | -€1,181 | -8.1% |
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 16 October 2026 via checked.be.