RP-6: what changed
Two fiscal 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-6
Largest movements
- Receivables within one year +€5.3m
up €5.3m (+2329.1%), from €227,035 to €5.5m
of which Other amounts receivable: +€5.3m
- Tangible fixed assets +€302,408
up €302,408 (+11.4%), from €2.7m to €3.0m
- Cash +€151,070
up €151,070 (+1779.8%), from €8,488 to €159,558
mainly Other debts (+€5.7m) and Depreciation (+€172,324)
- Other debts +€5.7m
up €5.7m (+110.0%), from €5.2m to €10.9m
- Accrued charges and deferred income +€146,067
up €146,067 (+598.1%), from €24,421 to €170,488
- Financial charges +€141,551
up €141,551 (+481.7%), from €29,387 to €170,938
- Depreciation +€111,476
up €111,476 (+183.2%), from €60,849 to €172,324
- Gross operating margin +€66,829
up €66,829 (+87.1%), from €76,750 to €143,579
- Financial income -€42,087
down €42,087 (-26.9%), from €156,528 to €114,441
- Taxes -€35,233
no longer reported in 2025 (was €35,233)
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 | €6,044,386 | €11,900,190 | +€5.9m | +96.9% |
| Fixed assets | 21/28 | €2,652,334 | €2,954,742 | +€302,408 | +11.4% |
| Tangible fixed assets | 22/27 | €2,652,334 | €2,954,742 | +€302,408 | +11.4% |
| Land and buildings | 22 | €2,652,334 | €2,954,742 | +€302,408 | +11.4% |
| Current assets | 29/58 | €3,392,051 | €8,945,447 | +€5.6m | +163.7% |
| Amounts receivable after more than one year | 29 | €3,156,528 | €3,270,968 | +€114,440 | +3.6% |
| Other amounts receivable | 291 | €3,156,528 | €3,270,968 | +€114,440 | +3.6% |
| Amounts receivable within one year | 40/41 | €227,035 | €5,514,922 | +€5.3m | +2329.1% |
| Trade receivables | 40 | €212,699 | €193,262 | -€19,438 | -9.1% |
| Other amounts receivable | 41 | €14,336 | €5,321,660 | +€5.3m | +37020.6% |
| Cash at bank and in hand | 54/58 | €8,488 | €159,558 | +€151,070 | +1779.8% |
| Total equity and liabilities | 10/49 | €6,044,386 | €11,900,190 | +€5.9m | +96.9% |
| Equity | 10/15 | €737,180 | €651,448 | -€85,732 | -11.6% |
| Contributions | 10/11 | €631,482 | €631,482 | = | 0.0% |
| Capital | 10 | €631,482 | €631,482 | = | 0.0% |
| Issued capital | 100 | €631,482 | €631,482 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,548 | €13,816 | -€85,732 | -86.1% |
| Amounts payable | 17/49 | €5,307,206 | €11,248,742 | +€5.9m | +112.0% |
| Amounts payable within one year | 42/48 | €5,282,785 | €11,078,254 | +€5.8m | +109.7% |
| Trade debts | 44 | €71,414 | €174,516 | +€103,102 | +144.4% |
| Suppliers | 440/4 | €71,414 | €174,516 | +€103,102 | +144.4% |
| Taxes, remuneration and social security | 45 | €35,233 | €35,233 | = | 0.0% |
| Taxes | 450/3 | €35,233 | €35,233 | = | 0.0% |
| Other amounts payable | 47/48 | €5,176,138 | €10,868,505 | +€5.7m | +110.0% |
| Accrued charges and deferred income | 492/3 | €24,421 | €170,488 | +€146,067 | +598.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,849 | €172,324 | +€111,476 | +183.2% |
| Other operating charges | 640/8 | €2,112 | €489 | -€1,623 | -76.8% |
| Gross operating margin | 9900 | €76,750 | €143,579 | +€66,829 | +87.1% |
| Operating profit (loss) | 9901 | €13,790 | -€29,234 | -€43,024 | |
| Financial income | 75/76B | €156,528 | €114,441 | -€42,087 | -26.9% |
| Recurring financial income | 75 | €156,528 | €114,441 | -€42,087 | -26.9% |
| Financial charges | 65/66B | €29,387 | €170,938 | +€141,551 | +481.7% |
| Recurring financial charges | 65 | €29,387 | €170,938 | +€141,551 | +481.7% |
| Profit (loss) for the period before taxes | 9903 | €140,931 | -€85,732 | -€226,662 | |
| Income taxes | 67/77 | €35,233 | - | -€35,233 | |
| Profit (loss) for the period | 9904 | €105,698 | -€85,732 | -€191,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,698 | -€85,732 | -€191,430 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.