RHAPSODY MANAGEMENT: 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.
RHAPSODY MANAGEMENT
Largest movements
- Financial fixed assets +€1.8m
new in 2025: €1.8m
- Cash +€62,427
up €62,427 (+121%), from €51,492 to €113,920
mainly Debts after one year (+€1.7m) and Net result for the year (+€172,579)
- Debts after one year +€1.7m
new in 2025: €1.7m
- Reserves +€172,579
up €172,579 (+601%), from €28,706 to €201,285
- Tax, wage and social debts +€58,034
up €58,034 (+253%), from €22,975 to €81,010
- Gross operating margin +€199,409
up €199,409 (+511%), from €39,000 to €238,408
- Taxes +€45,242
up €45,242 (+585%), from €7,739 to €52,982
- Financial charges +€11,783
up €11,783 (+1,384%), from €851 to €12,635
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 | €56,511 | €1,952,456 | +€1.9m | +3,355% |
| Fixed assets | 21/28 | €3,841 | €1,836,710 | +€1.8m | +47,724% |
| Tangible fixed assets | 22/27 | €3,841 | €2,886 | -€954 | -24.8% |
| Plant, machinery and equipment | 23 | €2,214 | €1,739 | -€475 | -21.5% |
| Furniture and vehicles | 24 | €1,627 | €1,148 | -€479 | -29.4% |
| Financial fixed assets | 28 | - | €1,833,824 | +€1.8m | |
| Current assets | 29/58 | €52,670 | €115,746 | +€63,075 | +120% |
| Amounts receivable within one year | 40/41 | - | €941 | +€941 | |
| Trade receivables | 40 | - | €941 | +€941 | |
| Cash at bank and in hand | 54/58 | €51,492 | €113,920 | +€62,427 | +121% |
| Deferred charges and accrued income | 490/1 | €1,178 | €885 | -€293 | -24.9% |
| Total equity and liabilities | 10/49 | €56,511 | €1,952,456 | +€1.9m | +3,355% |
| Equity | 10/15 | €30,706 | €203,285 | +€172,579 | +562% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,706 | €201,285 | +€172,579 | +601% |
| Distributable reserves | 133 | €28,706 | €201,285 | +€172,579 | +601% |
| Amounts payable | 17/49 | €25,805 | €1,749,171 | +€1.7m | +6,678% |
| Amounts payable after more than one year | 17 | - | €1,650,000 | +€1.7m | |
| Financial debts | 170/4 | - | €1,650,000 | +€1.7m | |
| Amounts payable within one year | 42/48 | €25,805 | €99,171 | +€73,366 | +284% |
| Financial debts | 43 | - | €11,235 | +€11,235 | |
| Credit institutions | 430/8 | - | €11,235 | +€11,235 | |
| Trade debts | 44 | €2,712 | €6,345 | +€3,634 | +134% |
| Suppliers | 440/4 | €2,712 | €6,345 | +€3,634 | +134% |
| Taxes, remuneration and social security | 45 | €22,975 | €81,010 | +€58,034 | +253% |
| Taxes | 450/3 | €22,975 | €81,010 | +€58,034 | +253% |
| Other amounts payable | 47/48 | €118 | €581 | +€463 | +393% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,703 | €954 | -€749 | -44.0% |
| Gross operating margin | 9900 | €39,000 | €238,408 | +€199,409 | +511% |
| Operating profit (loss) | 9901 | €37,296 | €237,454 | +€200,158 | +537% |
| Financial income | 75/76B | - | €741 | +€741 | |
| Recurring financial income | 75 | - | €741 | +€741 | |
| Financial charges | 65/66B | €851 | €12,635 | +€11,783 | +1,384% |
| Recurring financial charges | 65 | €851 | €12,635 | +€11,783 | +1,384% |
| Profit (loss) for the period before taxes | 9903 | €36,445 | €225,561 | +€189,116 | +519% |
| Income taxes | 67/77 | €7,739 | €52,982 | +€45,242 | +585% |
| Profit (loss) for the period | 9904 | €28,706 | €172,579 | +€143,873 | +501% |
| Profit (loss) for the period to be appropriated | 9905 | €28,706 | €172,579 | +€143,873 | +501% |
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 28 October 2026 via checked.be.