Rapox: 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.
Rapox
Largest movements
- Cash +€89,697
up €89,697 (+197.4%), from €45,435 to €135,132
mainly Net result for the year (+€52,504) and Other debts (+€16,733)
- Tangible fixed assets -€8,920
down €8,920 (-14.4%), from €61,814 to €52,894
of which Furniture and vehicles: -€13,967
- Reserves +€52,504
up €52,504 (+124.4%), from €42,200 to €94,704
- Other debts +€16,733
up €16,733 (+62.3%), from €26,857 to €43,590
- Debts after one year +€13,144
up €13,144 (+50.6%), from €25,954 to €39,097
of which Other amounts payable: +€24,000
- Gross operating margin +€18,213
up €18,213 (+27.2%), from €67,018 to €85,231
- Depreciation +€4,200
up €4,200 (+40.1%), from €10,479 to €14,680
- Taxes +€2,691
up €2,691 (+23.5%), from €11,475 to €14,166
- Financial charges +€954
up €954 (+33.3%), from €2,864 to €3,819
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 | €121,812 | €203,754 | +€81,942 | +67.3% |
| Fixed assets | 21/28 | €61,814 | €52,894 | -€8,920 | -14.4% |
| Tangible fixed assets | 22/27 | €61,814 | €52,894 | -€8,920 | -14.4% |
| Plant, machinery and equipment | 23 | €2,167 | €1,676 | -€491 | -22.7% |
| Furniture and vehicles | 24 | €59,647 | €45,680 | -€13,967 | -23.4% |
| Other tangible fixed assets | 26 | - | €5,539 | +€5,539 | |
| Current assets | 29/58 | €59,998 | €150,860 | +€90,862 | +151.4% |
| Amounts receivable within one year | 40/41 | €13,613 | €14,399 | +€787 | +5.8% |
| Trade receivables | 40 | €13,613 | €14,399 | +€787 | +5.8% |
| Cash at bank and in hand | 54/58 | €45,435 | €135,132 | +€89,697 | +197.4% |
| Deferred charges and accrued income | 490/1 | €950 | €1,328 | +€378 | +39.8% |
| Total equity and liabilities | 10/49 | €121,812 | €203,754 | +€81,942 | +67.3% |
| Equity | 10/15 | €42,700 | €95,204 | +€52,504 | +123.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €42,200 | €94,704 | +€52,504 | +124.4% |
| Distributable reserves | 133 | €42,200 | €94,704 | +€52,504 | +124.4% |
| Amounts payable | 17/49 | €79,112 | €108,550 | +€29,438 | +37.2% |
| Amounts payable after more than one year | 17 | €25,954 | €39,097 | +€13,144 | +50.6% |
| Financial debts | 170/4 | €25,954 | €15,097 | -€10,856 | -41.8% |
| Other amounts payable | 178/9 | - | €24,000 | +€24,000 | |
| Amounts payable within one year | 42/48 | €51,546 | €69,083 | +€17,537 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €10,472 | €10,856 | +€384 | +3.7% |
| Trade debts | 44 | €1,023 | €750 | -€273 | -26.7% |
| Suppliers | 440/4 | €1,023 | €750 | -€273 | -26.7% |
| Taxes, remuneration and social security | 45 | €13,194 | €13,887 | +€693 | +5.3% |
| Taxes | 450/3 | €11,294 | €11,987 | +€693 | +6.1% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €26,857 | €43,590 | +€16,733 | +62.3% |
| Accrued charges and deferred income | 492/3 | €1,613 | €370 | -€1,243 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,479 | €14,680 | +€4,200 | +40.1% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €67,018 | €85,231 | +€18,213 | +27.2% |
| Operating profit (loss) | 9901 | €56,539 | €70,489 | +€13,950 | +24.7% |
| Financial charges | 65/66B | €2,864 | €3,819 | +€954 | +33.3% |
| Recurring financial charges | 65 | €2,864 | €3,819 | +€954 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €53,674 | €66,670 | +€12,996 | +24.2% |
| Income taxes | 67/77 | €11,475 | €14,166 | +€2,691 | +23.5% |
| Profit (loss) for the period | 9904 | €42,200 | €52,504 | +€10,305 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,200 | €52,504 | +€10,305 | +24.4% |
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 5 October 2026 via checked.be.