RP-2: 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.
RP-2
Largest movements
- Tangible fixed assets -€37,623
down €37,623 (-4.0%), from €933,810 to €896,187
- Deferred charges and accrued income -€23,659
down €23,659 (-77.4%), from €30,561 to €6,902
- Profit (loss) carried forward -€95,496
down €95,496 (-53.6%), from -€178,031 to -€273,527
- Other debts +€46,641
up €46,641 (+14.0%), from €332,900 to €379,541
- Gross operating margin -€27,833
down €27,833, from €18,178 to -€9,655
- Financial income -€11,183
down €11,183 (-62.9%), from €17,783 to €6,600
- Financial charges -€9,198
down €9,198 (-18.7%), from €49,205 to €40,007
- Other operating charges +€451
up €451 (+3.1%), from €14,359 to €14,811
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 | €969,363 | €920,871 | -€48,492 | -5.0% |
| Fixed assets | 21/28 | €933,810 | €896,187 | -€37,623 | -4.0% |
| Tangible fixed assets | 22/27 | €933,810 | €896,187 | -€37,623 | -4.0% |
| Land and buildings | 22 | €933,810 | €896,187 | -€37,623 | -4.0% |
| Current assets | 29/58 | €35,553 | €24,684 | -€10,869 | -30.6% |
| Amounts receivable within one year | 40/41 | €1,227 | €8,943 | +€7,716 | +629% |
| Trade receivables | 40 | - | €5,106 | +€5,106 | |
| Other amounts receivable | 41 | €1,227 | €3,837 | +€2,610 | +213% |
| Cash at bank and in hand | 54/58 | €3,765 | €8,839 | +€5,074 | +135% |
| Deferred charges and accrued income | 490/1 | €30,561 | €6,902 | -€23,659 | -77.4% |
| Total equity and liabilities | 10/49 | €969,363 | €920,871 | -€48,492 | -5.0% |
| Equity | 10/15 | -€116,531 | -€212,027 | -€95,496 | -81.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,031 | -€273,527 | -€95,496 | -53.6% |
| Amounts payable | 17/49 | €1,085,895 | €1,132,898 | +€47,003 | +4.3% |
| Amounts payable after more than one year | 17 | €740,000 | €740,000 | = | 0.0% |
| Financial debts | 170/4 | €740,000 | €740,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €333,653 | €379,765 | +€46,112 | +13.8% |
| Trade debts | 44 | €753 | €224 | -€529 | -70.3% |
| Suppliers | 440/4 | €753 | €224 | -€529 | -70.3% |
| Other amounts payable | 47/48 | €332,900 | €379,541 | +€46,641 | +14.0% |
| Accrued charges and deferred income | 492/3 | €12,241 | €13,133 | +€892 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,623 | €37,623 | = | 0.0% |
| Other operating charges | 640/8 | €14,359 | €14,811 | +€451 | +3.1% |
| Gross operating margin | 9900 | €18,178 | -€9,655 | -€27,833 | |
| Operating profit (loss) | 9901 | -€33,805 | -€62,089 | -€28,284 | -83.7% |
| Financial income | 75/76B | €17,783 | €6,600 | -€11,183 | -62.9% |
| Recurring financial income | 75 | €17,783 | €6,600 | -€11,183 | -62.9% |
| Financial charges | 65/66B | €49,205 | €40,007 | -€9,198 | -18.7% |
| Recurring financial charges | 65 | €49,205 | €40,007 | -€9,198 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€65,227 | -€95,496 | -€30,269 | -46.4% |
| Profit (loss) for the period | 9904 | -€65,227 | -€95,496 | -€30,269 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,227 | -€95,496 | -€30,269 | -46.4% |
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.