RIPA 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.
RIPA CONSTRUCT
Largest movements
- Cash -€38,564
down €38,564 (-78.0%), from €49,447 to €10,883
mainly Trade debts (-€99,222) and Contributions, distributions and other (-€26,740)
- Tangible fixed assets -€11,385
down €11,385 (-34.6%), from €32,869 to €21,484
of which Plant, machinery and equipment: -€7,573
- Trade debts -€99,222
down €99,222 (-37.2%), from €266,751 to €167,528
- Short-term financial debts +€46,974
new in 2025: €46,974
- Reserves -€26,740
down €26,740 (-21.7%), from €123,000 to €96,260
- Other debts +€25,002
up €25,002 (+499%), from €5,010 to €30,012
- Gross operating margin -€455,283
down €455,283 (-95.1%), from €478,688 to €23,405
- Financial charges -€241,656
down €241,656 (-97.8%), from €247,057 to €5,400
- Taxes -€53,975
down €53,975 (-99.1%), from €54,475 to €500
- Other operating charges -€25,403
down €25,403 (-98.0%), from €25,918 to €515
- Financial income -€12,591
no longer reported in 2025 (was €12,591)
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 | €665,703 | €614,553 | -€51,151 | -7.7% |
| Fixed assets | 21/28 | €53,043 | €41,658 | -€11,385 | -21.5% |
| Tangible fixed assets | 22/27 | €32,869 | €21,484 | -€11,385 | -34.6% |
| Plant, machinery and equipment | 23 | €7,573 | - | -€7,573 | |
| Furniture and vehicles | 24 | €25,295 | €21,484 | -€3,811 | -15.1% |
| Financial fixed assets | 28 | €20,174 | €20,174 | = | 0.0% |
| Current assets | 29/58 | €612,660 | €572,894 | -€39,766 | -6.5% |
| Amounts receivable within one year | 40/41 | €554,967 | €556,775 | +€1,807 | +0.3% |
| Trade receivables | 40 | €202,830 | €162,742 | -€40,088 | -19.8% |
| Other amounts receivable | 41 | €352,138 | €394,033 | +€41,895 | +11.9% |
| Current investments | 50/53 | €5,081 | €5,236 | +€155 | +3.1% |
| Cash at bank and in hand | 54/58 | €49,447 | €10,883 | -€38,564 | -78.0% |
| Deferred charges and accrued income | 490/1 | €3,165 | - | -€3,165 | |
| Total equity and liabilities | 10/49 | €665,703 | €614,553 | -€51,151 | -7.7% |
| Equity | 10/15 | €321,436 | €294,281 | -€27,155 | -8.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €123,000 | €96,260 | -€26,740 | -21.7% |
| Distributable reserves | 133 | €123,000 | €96,260 | -€26,740 | -21.7% |
| Profit (loss) carried forward | 14 | €190,376 | €189,961 | -€415 | -0.2% |
| Amounts payable | 17/49 | €344,267 | €320,272 | -€23,995 | -7.0% |
| Amounts payable within one year | 42/48 | €344,267 | €320,272 | -€23,995 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €37,627 | €39,140 | +€1,513 | +4.0% |
| Financial debts | 43 | - | €46,974 | +€46,974 | |
| Credit institutions | 430/8 | - | €46,974 | +€46,974 | |
| Trade debts | 44 | €266,751 | €167,528 | -€99,222 | -37.2% |
| Suppliers | 440/4 | €266,751 | €167,528 | -€99,222 | -37.2% |
| Taxes, remuneration and social security | 45 | €34,880 | €36,618 | +€1,738 | +5.0% |
| Taxes | 450/3 | €34,880 | €36,618 | +€1,738 | +5.0% |
| Other amounts payable | 47/48 | €5,010 | €30,012 | +€25,002 | +499% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,417 | €17,404 | -€1,012 | -5.5% |
| Other operating charges | 640/8 | €25,918 | €515 | -€25,403 | -98.0% |
| Gross operating margin | 9900 | €478,688 | €23,405 | -€455,283 | -95.1% |
| Operating profit (loss) | 9901 | €434,354 | €5,485 | -€428,869 | -98.7% |
| Financial income | 75/76B | €12,591 | - | -€12,591 | |
| Recurring financial income | 75 | €12,591 | - | -€12,591 | |
| Financial charges | 65/66B | €247,057 | €5,400 | -€241,656 | -97.8% |
| Recurring financial charges | 65 | €247,057 | €5,400 | -€241,656 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | €199,888 | €85 | -€199,803 | -100.0% |
| Income taxes | 67/77 | €54,475 | €500 | -€53,975 | -99.1% |
| Profit (loss) for the period | 9904 | €145,413 | -€415 | -€145,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €145,413 | -€415 | -€145,828 |
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 16 October 2026 via checked.be.