RAPPA DARIO FS CONSTRUCT: 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.
RAPPA DARIO FS CONSTRUCT
Largest movements
- Receivables within one year -€71,074
down €71,074 (-54.6%), from €130,246 to €59,172
of which Trade receivables: -€64,166
- Stocks and contracts +€58,550
up €58,550 (+74.7%), from €78,350 to €136,901
- Cash +€53,020
up €53,020 (+60.6%), from €87,422 to €140,442
mainly Receivables within one year (+€71,074) and Depreciation (+€52,218)
- Tangible fixed assets -€48,785
down €48,785 (-27.6%), from €176,693 to €127,908
of which Leasing and similar rights: -€35,509
- Debts after one year -€42,272
down €42,272 (-28.1%), from €150,325 to €108,053
- Reserves +€41,000
up €41,000 (+88.0%), from €46,601 to €87,601
of which Distributable reserves: +€41,000
- Trade debts -€27,866
down €27,866 (-33.6%), from €82,976 to €55,110
- Tax, wage and social debts +€11,552
up €11,552 (+51.6%), from €22,406 to €33,958
of which Taxes: +€6,292
- Current portion of long-term debt +€5,153
up €5,153 (+13.4%), from €38,471 to €43,624
- Staff costs -€51,322
down €51,322 (-30.5%), from €168,307 to €116,985
- Depreciation +€20,273
up €20,273 (+63.5%), from €31,945 to €52,218
- Gross operating margin -€15,456
down €15,456 (-5.9%), from €260,751 to €245,295
- Financial charges +€7,869
up €7,869 (+577%), from €1,363 to €9,231
- Taxes +€5,033
up €5,033 (+30.9%), from €16,278 to €21,311
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 | €483,555 | €471,523 | -€12,032 | -2.5% |
| Fixed assets | 21/28 | €176,693 | €127,908 | -€48,785 | -27.6% |
| Tangible fixed assets | 22/27 | €176,693 | €127,908 | -€48,785 | -27.6% |
| Plant, machinery and equipment | 23 | €17,040 | €7,691 | -€9,350 | -54.9% |
| Furniture and vehicles | 24 | €12,807 | €8,880 | -€3,926 | -30.7% |
| Leasing and similar rights | 25 | €146,846 | €111,337 | -€35,509 | -24.2% |
| Current assets | 29/58 | €306,863 | €343,615 | +€36,752 | +12.0% |
| Stocks and contracts in progress | 3 | €78,350 | €136,901 | +€58,550 | +74.7% |
| Stocks | 30/36 | €78,350 | €136,901 | +€58,550 | +74.7% |
| Amounts receivable within one year | 40/41 | €130,246 | €59,172 | -€71,074 | -54.6% |
| Trade receivables | 40 | €93,026 | €28,860 | -€64,166 | -69.0% |
| Other amounts receivable | 41 | €37,220 | €30,312 | -€6,908 | -18.6% |
| Cash at bank and in hand | 54/58 | €87,422 | €140,442 | +€53,020 | +60.6% |
| Deferred charges and accrued income | 490/1 | €10,844 | €7,101 | -€3,743 | -34.5% |
| Total equity and liabilities | 10/49 | €483,555 | €471,523 | -€12,032 | -2.5% |
| Equity | 10/15 | €189,266 | €230,354 | +€41,088 | +21.7% |
| Contributions | 10/11 | €16,014 | €16,014 | = | 0.0% |
| Reserves | 13 | €46,601 | €87,601 | +€41,000 | +88.0% |
| Non-distributable reserves | 130/1 | €1,601 | €1,601 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,601 | €1,601 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €86,000 | +€41,000 | +91.1% |
| Profit (loss) carried forward | 14 | €126,651 | €126,738 | +€88 | +0.1% |
| Amounts payable | 17/49 | €294,289 | €241,170 | -€53,120 | -18.1% |
| Amounts payable after more than one year | 17 | €150,325 | €108,053 | -€42,272 | -28.1% |
| Financial debts | 170/4 | €150,325 | €108,053 | -€42,272 | -28.1% |
| Amounts payable within one year | 42/48 | €143,965 | €133,117 | -€10,848 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €38,471 | €43,624 | +€5,153 | +13.4% |
| Trade debts | 44 | €82,976 | €55,110 | -€27,866 | -33.6% |
| Suppliers | 440/4 | €82,976 | €55,110 | -€27,866 | -33.6% |
| Advances received on contracts in progress | 46 | - | €314 | +€314 | |
| Taxes, remuneration and social security | 45 | €22,406 | €33,958 | +€11,552 | +51.6% |
| Taxes | 450/3 | €16,408 | €22,700 | +€6,292 | +38.3% |
| Remuneration and social security | 454/9 | €5,998 | €11,258 | +€5,260 | +87.7% |
| Other amounts payable | 47/48 | €112 | €111 | -€1 | -1.2% |
| Remuneration, social security and pensions | 62 | €168,307 | €116,985 | -€51,322 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,945 | €52,218 | +€20,273 | +63.5% |
| Other operating charges | 640/8 | €7,174 | €4,467 | -€2,706 | -37.7% |
| Non-recurring operating charges | 66A | €2,260 | - | -€2,260 | |
| Gross operating margin | 9900 | €260,751 | €245,295 | -€15,456 | -5.9% |
| Operating profit (loss) | 9901 | €51,066 | €71,625 | +€20,559 | +40.3% |
| Financial income | 75/76B | €12 | €5 | -€7 | -60.5% |
| Recurring financial income | 75 | €12 | €5 | -€7 | -60.5% |
| Financial charges | 65/66B | €1,363 | €9,231 | +€7,869 | +577% |
| Recurring financial charges | 65 | €1,363 | €9,231 | +€7,869 | +577% |
| Profit (loss) for the period before taxes | 9903 | €49,715 | €62,399 | +€12,683 | +25.5% |
| Income taxes | 67/77 | €16,278 | €21,311 | +€5,033 | +30.9% |
| Profit (loss) for the period | 9904 | €33,437 | €41,088 | +€7,650 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,437 | €41,088 | +€7,650 | +22.9% |
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 19 October 2026 via checked.be.