RP-3: 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-3
Largest movements
- Receivables within one year +€683,009
up €683,009 (+956%), from €71,441 to €754,450
- Tangible fixed assets -€15,404
down €15,404 (-2.7%), from €571,369 to €555,964
- Other debts +€712,471
up €712,471 (+104%), from €681,834 to €1.4m
- Profit (loss) carried forward -€41,689
down €41,689 (-34.3%), from -€121,684 to -€163,373
- Financial charges +€1,570
up €1,570 (+7.5%), from €21,045 to €22,615
- Financial income -€757
no longer reported in 2025 (was €757)
- Gross operating margin +€738
up €738 (+29.0%), from -€2,547 to -€1,809
- Depreciation -€171
down €171 (-1.0%), from €16,943 to €16,772
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 | €646,767 | €1,316,585 | +€669,818 | +104% |
| Formation expenses | 20 | €1,368 | €0 | -€1,368 | -100% |
| Fixed assets | 21/28 | €571,369 | €555,964 | -€15,404 | -2.7% |
| Tangible fixed assets | 22/27 | €571,369 | €555,964 | -€15,404 | -2.7% |
| Land and buildings | 22 | €571,369 | €555,964 | -€15,404 | -2.7% |
| Current assets | 29/58 | €74,030 | €760,621 | +€686,590 | +927% |
| Amounts receivable within one year | 40/41 | €71,441 | €754,450 | +€683,009 | +956% |
| Other amounts receivable | 41 | €71,441 | €754,450 | +€683,009 | +956% |
| Cash at bank and in hand | 54/58 | €1,833 | €6,171 | +€4,338 | +237% |
| Deferred charges and accrued income | 490/1 | €757 | - | -€757 | |
| Total equity and liabilities | 10/49 | €646,767 | €1,316,585 | +€669,818 | +104% |
| Equity | 10/15 | -€58,684 | -€100,373 | -€41,689 | -71.0% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,684 | -€163,373 | -€41,689 | -34.3% |
| Amounts payable | 17/49 | €705,451 | €1,416,958 | +€711,507 | +101% |
| Amounts payable within one year | 42/48 | €684,814 | €1,394,793 | +€709,979 | +104% |
| Trade debts | 44 | €2,979 | €487 | -€2,492 | -83.6% |
| Suppliers | 440/4 | €2,979 | €487 | -€2,492 | -83.6% |
| Other amounts payable | 47/48 | €681,834 | €1,394,306 | +€712,471 | +104% |
| Accrued charges and deferred income | 492/3 | €20,637 | €22,164 | +€1,527 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,943 | €16,772 | -€171 | -1.0% |
| Other operating charges | 640/8 | €477 | €492 | +€16 | +3.3% |
| Gross operating margin | 9900 | -€2,547 | -€1,809 | +€738 | +29.0% |
| Operating profit (loss) | 9901 | -€19,967 | -€19,074 | +€893 | +4.5% |
| Financial income | 75/76B | €757 | - | -€757 | |
| Recurring financial income | 75 | €757 | - | -€757 | |
| Financial charges | 65/66B | €21,045 | €22,615 | +€1,570 | +7.5% |
| Recurring financial charges | 65 | €21,045 | €22,615 | +€1,570 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,255 | -€41,689 | -€1,434 | -3.6% |
| Profit (loss) for the period | 9904 | -€40,255 | -€41,689 | -€1,434 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,255 | -€41,689 | -€1,434 | -3.6% |
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 14 October 2026 via checked.be.