RAPSODE: 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.
What changed
RAPSODE
NACE 87.101, Residential care activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€493,473
2024 · €344,994+€148,478
Equity
€5.1m
2024 · €4.8m+€316,176
Cash
€255,817
2024 · €196,164+€59,653
Balance sheet total
€29.0m
2024 · €29.3m-€301,948
Largest movements
Assets
- Tangible fixed assets -€567,095
down €567,095 (-4.6%), from €12.5m to €11.9m
of which Leasing and similar rights: -€547,815
Equity and liabilities
- Profit (loss) carried forward +€316,176
up €316,176 (+7.1%), from €4.4m to €4.8m
- Accrued charges and deferred income -€306,733
down €306,733 (-3.8%), from €8.1m to €7.8m
- Debts after one year -€301,703
down €301,703 (-2.1%), from €14.3m to €14.0m
Income statement
- Turnover +€188,181
up €188,181 (+2.7%), from €7.0m to €7.2m
- Staff costs -€85,511
down €85,511 (-2.0%), from €4.3m to €4.3m
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.
Result 2024
€344,994
Turnover
+€188,181
Other operating income
-€32,150
Goods and materials
-€23,288
Services and other goods
-€23,685
Staff costs
+€85,511
Depreciation
-€13,677
Write-downs
+€11,485
Other operating charges
-€11,562
Other operating items
+€280
Financial income
+€2,386
Financial charges
+€13,554
Taxes
-€48,558
Result 2025
€493,473
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.
From operations
+€626,666
Investment
-€110,496
Financing
-€456,516
Cash 2024
€196,164
From operations (derived)
+€626,666
Net result for the year
+€493,473
Depreciation
+€677,044
Receivables within one year
-€200,843
Deferred charges and accrued income
-€4,103
Trade debts
+€35,380
Tax, wage and social debts
+€18,802
Other debts
-€86,353
Accrued charges and deferred income
-€306,733
Investment (derived)
-€110,496
Investment in fixed assets (net)
-€110,496
Financing
-€456,516
Debts after one year
-€301,703
Current portion of long-term debt
+€38,535
Short-term financial debts
-€16,052
Contributions, distributions and other
-€177,297
Cash 2025
€255,817
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,329,020 | €29,027,073 | -€301,948 | -1.0% |
| Fixed assets | 21/28 | €28,086,982 | €27,520,435 | -€566,547 | -2.0% |
| Intangible fixed assets | 21 | - | €548 | +€548 | |
| Tangible fixed assets | 22/27 | €12,455,362 | €11,888,267 | -€567,095 | -4.6% |
| Plant, machinery and equipment | 23 | €81,085 | €86,263 | +€5,179 | +6.4% |
| Furniture and vehicles | 24 | €91,106 | €99,399 | +€8,293 | +9.1% |
| Leasing and similar rights | 25 | €12,037,074 | €11,489,258 | -€547,815 | -4.6% |
| Other tangible fixed assets | 26 | €246,097 | €213,346 | -€32,752 | -13.3% |
| Financial fixed assets | 28 | €15,631,620 | €15,631,620 | = | 0.0% |
| Affiliated companies | 280/1 | €15,631,000 | €15,631,000 | = | 0.0% |
| Participating interests | 280 | €15,631,000 | €15,631,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €620 | €620 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €1,242,039 | €1,506,638 | +€264,599 | +21.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €964,985 | €1,165,829 | +€200,843 | +20.8% |
| Trade receivables | 40 | €510,201 | €485,028 | -€25,173 | -4.9% |
| Other amounts receivable | 41 | €454,784 | €680,800 | +€226,016 | +49.7% |
| Cash at bank and in hand | 54/58 | €196,164 | €255,817 | +€59,653 | +30.4% |
| Deferred charges and accrued income | 490/1 | €80,889 | €84,992 | +€4,103 | +5.1% |
| Total equity and liabilities | 10/49 | €29,329,020 | €29,027,073 | -€301,948 | -1.0% |
| Equity | 10/15 | €4,819,171 | €5,135,346 | +€316,176 | +6.6% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Capital | 10 | €347,051 | €347,051 | = | 0.0% |
| Issued capital | 100 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €34,705 | €34,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,705 | €34,705 | = | 0.0% |
| Legal reserve | 130 | €34,705 | €34,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,437,415 | €4,753,590 | +€316,176 | +7.1% |
| Amounts payable | 17/49 | €24,509,850 | €23,891,727 | -€618,123 | -2.5% |
| Amounts payable after more than one year | 17 | €14,277,939 | €13,976,237 | -€301,703 | -2.1% |
| Financial debts | 170/4 | €14,277,939 | €13,976,237 | -€301,703 | -2.1% |
| Leasing and similar obligations | 172 | €14,093,105 | €13,831,742 | -€261,362 | -1.9% |
| Credit institutions | 173 | €184,835 | €144,494 | -€40,340 | -21.8% |
| Amounts payable within one year | 42/48 | €2,129,635 | €2,119,948 | -€9,687 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €300,404 | €338,939 | +€38,535 | +12.8% |
| Financial debts | 43 | €291,374 | €275,322 | -€16,052 | -5.5% |
| Credit institutions | 430/8 | €291,374 | €275,322 | -€16,052 | -5.5% |
| Trade debts | 44 | €183,593 | €218,973 | +€35,380 | +19.3% |
| Suppliers | 440/4 | €183,593 | €218,973 | +€35,380 | +19.3% |
| Taxes, remuneration and social security | 45 | €497,801 | €516,604 | +€18,802 | +3.8% |
| Taxes | 450/3 | €29,995 | €31,693 | +€1,698 | +5.7% |
| Remuneration and social security | 454/9 | €467,806 | €484,910 | +€17,104 | +3.7% |
| Other amounts payable | 47/48 | €856,463 | €770,110 | -€86,353 | -10.1% |
| Accrued charges and deferred income | 492/3 | €8,102,275 | €7,795,542 | -€306,733 | -3.8% |
| Operating income | 70/76A | €7,423,425 | €7,579,736 | +€156,312 | +2.1% |
| Turnover | 70 | €6,989,600 | €7,177,781 | +€188,181 | +2.7% |
| Other operating income | 74 | €47,389 | €15,239 | -€32,150 | -67.8% |
| Non-recurring operating income | 76A | €386,436 | €386,716 | +€280 | +0.1% |
| Operating charges | 60/66A | €6,366,588 | €6,341,804 | -€24,784 | -0.4% |
| Goods for resale, raw materials and consumables | 60 | €502,897 | €526,186 | +€23,288 | +4.6% |
| Purchases | 600/8 | €502,897 | €526,186 | +€23,288 | +4.6% |
| Services and other goods | 61 | €789,449 | €813,134 | +€23,685 | +3.0% |
| Remuneration, social security and pensions | 62 | €4,342,673 | €4,257,162 | -€85,511 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663,366 | €677,044 | +€13,677 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,831 | -€6,655 | -€11,485 | |
| Other operating charges | 640/8 | €63,372 | €74,934 | +€11,562 | +18.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,056,837 | €1,237,933 | +€181,096 | +17.1% |
| Financial income | 75/76B | €8,025 | €10,411 | +€2,386 | +29.7% |
| Recurring financial income | 75 | €8,025 | €10,411 | +€2,386 | +29.7% |
| Income from current assets | 751 | €8,025 | €10,411 | +€2,386 | +29.7% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €670,908 | €657,354 | -€13,554 | -2.0% |
| Recurring financial charges | 65 | €670,908 | €657,354 | -€13,554 | -2.0% |
| Debt charges | 650 | €669,961 | €656,356 | -€13,605 | -2.0% |
| Other financial charges | 652/9 | €947 | €999 | +€51 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €393,954 | €590,990 | +€197,037 | +50.0% |
| Income taxes | 67/77 | €48,959 | €97,518 | +€48,558 | +99.2% |
| Taxes | 670/3 | €65,949 | €97,518 | +€31,568 | +47.9% |
| Tax adjustments and reversals of tax provisions | 77 | €16,990 | €0 | -€16,990 | -100.0% |
| Profit (loss) for the period | 9904 | €344,994 | €493,473 | +€148,478 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €344,994 | €493,473 | +€148,478 | +43.0% |
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.