RAPSODIE: 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.
RAPSODIE
Largest movements
- Stocks and contracts -€4,591
down €4,591 (-14.0%), from €32,722 to €28,131
- Cash -€3,630
down €3,630 (-16.9%), from €21,449 to €17,819
mainly Net result for the year (-€4,930) and Other debts (-€3,629)
- Profit (loss) carried forward -€4,930
down €4,930 (-6.1%), from -€81,085 to -€86,016
- Other debts -€3,629
down €3,629 (-3.1%), from €116,990 to €113,361
- Trade debts +€632
up €632 (+117.7%), from €537 to €1,169
- Purchases and services +€38,695
new in 2025: €38,695
- Turnover +€36,514
new in 2025: €36,514
- Gross operating margin -€27,958
down €27,958, from €25,777 to -€2,181
- Other operating charges -€15,539
down €15,539 (-86.5%), from €17,960 to €2,421
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 | €55,042 | €47,114 | -€7,928 | -14.4% |
| Fixed assets | 21/28 | €75 | €75 | = | 0.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €54,967 | €47,040 | -€7,928 | -14.4% |
| Stocks and contracts in progress | 3 | €32,722 | €28,131 | -€4,591 | -14.0% |
| Stocks | 30/36 | €32,722 | €28,131 | -€4,591 | -14.0% |
| Amounts receivable within one year | 40/41 | €796 | €1,089 | +€293 | +36.8% |
| Other amounts receivable | 41 | €796 | €1,089 | +€293 | +36.8% |
| Cash at bank and in hand | 54/58 | €21,449 | €17,819 | -€3,630 | -16.9% |
| Total equity and liabilities | 10/49 | €55,042 | €47,114 | -€7,928 | -14.4% |
| Equity | 10/15 | -€62,485 | -€67,416 | -€4,930 | -7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€81,085 | -€86,016 | -€4,930 | -6.1% |
| Amounts payable | 17/49 | €117,527 | €114,530 | -€2,997 | -2.6% |
| Amounts payable within one year | 42/48 | €117,527 | €114,530 | -€2,997 | -2.6% |
| Trade debts | 44 | €537 | €1,169 | +€632 | +117.7% |
| Suppliers | 440/4 | €537 | €1,169 | +€632 | +117.7% |
| Other amounts payable | 47/48 | €116,990 | €113,361 | -€3,629 | -3.1% |
| Turnover | 70 | - | €36,514 | +€36,514 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €38,695 | +€38,695 | |
| Other operating charges | 640/8 | €17,960 | €2,421 | -€15,539 | -86.5% |
| Gross operating margin | 9900 | €25,777 | -€2,181 | -€27,958 | |
| Operating profit (loss) | 9901 | €7,816 | -€4,602 | -€12,419 | |
| Financial charges | 65/66B | - | €328 | +€328 | |
| Recurring financial charges | 65 | - | €328 | +€328 | |
| Profit (loss) for the period before taxes | 9903 | €7,816 | -€4,930 | -€12,747 | |
| Profit (loss) for the period | 9904 | €7,816 | -€4,930 | -€12,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,816 | -€4,930 | -€12,747 |
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 12 October 2026 via checked.be.