RP INFRASTRUCTURE: 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.
What changed
RP INFRASTRUCTURE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€123,069
2024 · €108,882+€14,187
Equity
€990,000
2024 · €1.1m-€122,569
Cash
€70,313
2024 · €9,235+€61,078
Balance sheet total
€2.4m
2024 · €2.5m-€114,587
Largest movements
Assets
- Tangible fixed assets -€192,562
down €192,562 (-13.4%), from €1.4m to €1.2m
- Cash +€61,078
up €61,078 (+661%), from €9,235 to €70,313
mainly Other debts (+€245,638) and Net result for the year (+€123,069)
Equity and liabilities
- Debts after one year -€301,136
down €301,136 (-27.6%), from €1.1m to €790,429
- Other debts +€245,638
new in 2025: €245,638
- Profit (loss) carried forward -€122,569
no longer reported in 2025 (was €122,569)
- Tax, wage and social debts +€39,787
up €39,787 (+81.9%), from €48,583 to €88,370
of which Taxes: +€57,152
Income statement
- Depreciation -€100,037
down €100,037 (-45.2%), from €221,353 to €121,316
- Staff costs -€50,713
down €50,713 (-78.5%), from €64,621 to €13,908
- Financial income -€42,428
down €42,428 (-60.0%), from €70,716 to €28,288
- Taxes +€17,987
up €17,987 (+49.3%), from €36,488 to €54,475
- Financial charges -€14,748
down €14,748 (-22.2%), from €66,324 to €51,576
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.
Result 2024
€108,882
Turnover
-€12,130
Other operating income
-€229
Services and other goods
-€786
Staff costs
+€50,713
Depreciation
+€100,037
Other operating charges
-€1,255
Other operating items
-€76,496
Financial income
-€42,428
Financial charges
+€14,748
Taxes
-€17,987
Result 2025
€123,069
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€510,153
Investment
+€72,687
Financing
-€521,762
Cash 2024
€9,235
From operations (derived)
+€510,153
Net result for the year
+€123,069
Depreciation
+€121,316
Receivables within one year
-€18,338
Trade debts
-€4,345
Tax, wage and social debts
+€39,787
Other debts
+€245,638
Accrued charges and deferred income
+€3,026
Investment (derived)
+€72,687
Investment in fixed assets (net)
+€72,687
Financing
-€521,762
Debts after one year
-€301,136
Current portion of long-term debt
+€25,011
Contributions, distributions and other
-€245,638
Cash 2025
€70,313
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,524,233 | €2,409,646 | -€114,587 | -4.5% |
| Fixed assets | 21/28 | €1,442,245 | €1,248,242 | -€194,003 | -13.5% |
| Intangible fixed assets | 21 | €4,371 | €2,930 | -€1,441 | -33.0% |
| Tangible fixed assets | 22/27 | €1,437,874 | €1,245,312 | -€192,562 | -13.4% |
| Land and buildings | 22 | €1,437,874 | €1,245,312 | -€192,562 | -13.4% |
| Current assets | 29/58 | €1,081,988 | €1,161,404 | +€79,416 | +7.3% |
| Amounts receivable after more than one year | 29 | €770,058 | €770,058 | = | 0.0% |
| Other amounts receivable | 291 | €770,058 | €770,058 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €302,695 | €321,033 | +€18,338 | +6.1% |
| Trade receivables | 40 | €104,539 | €124,681 | +€20,142 | +19.3% |
| Other amounts receivable | 41 | €198,157 | €196,352 | -€1,805 | -0.9% |
| Cash at bank and in hand | 54/58 | €9,235 | €70,313 | +€61,078 | +661% |
| Total equity and liabilities | 10/49 | €2,524,233 | €2,409,646 | -€114,587 | -4.5% |
| Equity | 10/15 | €1,112,569 | €990,000 | -€122,569 | -11.0% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90,000 | €90,000 | = | 0.0% |
| Legal reserve | 130 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,569 | - | -€122,569 | |
| Amounts payable | 17/49 | €1,411,664 | €1,419,646 | +€7,982 | +0.6% |
| Amounts payable after more than one year | 17 | €1,091,565 | €790,429 | -€301,136 | -27.6% |
| Financial debts | 170/4 | €1,091,565 | €790,429 | -€301,136 | -27.6% |
| Credit institutions | 173 | €1,091,565 | €790,429 | -€301,136 | -27.6% |
| Amounts payable within one year | 42/48 | €320,100 | €626,191 | +€306,091 | +95.6% |
| Current portion of amounts payable after more than one year | 42 | €251,465 | €276,476 | +€25,011 | +9.9% |
| Trade debts | 44 | €20,052 | €15,707 | -€4,345 | -21.7% |
| Suppliers | 440/4 | €20,052 | €15,707 | -€4,345 | -21.7% |
| Taxes, remuneration and social security | 45 | €48,583 | €88,370 | +€39,787 | +81.9% |
| Taxes | 450/3 | €31,218 | €88,370 | +€57,152 | +183% |
| Remuneration and social security | 454/9 | €17,365 | - | -€17,365 | |
| Other amounts payable | 47/48 | - | €245,638 | +€245,638 | |
| Accrued charges and deferred income | 492/3 | - | €3,026 | +€3,026 | |
| Operating income | 70/76A | €509,969 | €493,801 | -€16,168 | -3.2% |
| Turnover | 70 | €505,812 | €493,682 | -€12,130 | -2.4% |
| Other operating income | 74 | €348 | €119 | -€229 | -65.8% |
| Non-recurring operating income | 76A | €3,809 | - | -€3,809 | |
| Operating charges | 60/66A | €368,991 | €292,969 | -€76,022 | -20.6% |
| Services and other goods | 61 | €42,583 | €43,369 | +€786 | +1.8% |
| Remuneration, social security and pensions | 62 | €64,621 | €13,908 | -€50,713 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,353 | €121,316 | -€100,037 | -45.2% |
| Other operating charges | 640/8 | €40,434 | €41,689 | +€1,255 | +3.1% |
| Non-recurring operating charges | 66A | - | €72,687 | +€72,687 | |
| Operating profit (loss) | 9901 | €140,978 | €200,832 | +€59,854 | +42.5% |
| Financial income | 75/76B | €70,716 | €28,288 | -€42,428 | -60.0% |
| Recurring financial income | 75 | €70,716 | €28,288 | -€42,428 | -60.0% |
| Income from current assets | 751 | €70,716 | €28,288 | -€42,428 | -60.0% |
| Financial charges | 65/66B | €66,324 | €51,576 | -€14,748 | -22.2% |
| Recurring financial charges | 65 | €66,324 | €51,576 | -€14,748 | -22.2% |
| Debt charges | 650 | €65,311 | €47,573 | -€17,738 | -27.2% |
| Other financial charges | 652/9 | €1,013 | €4,003 | +€2,990 | +295% |
| Profit (loss) for the period before taxes | 9903 | €145,370 | €177,544 | +€32,174 | +22.1% |
| Income taxes | 67/77 | €36,488 | €54,475 | +€17,987 | +49.3% |
| Taxes | 670/3 | €36,488 | €54,475 | +€17,987 | +49.3% |
| Profit (loss) for the period | 9904 | €108,882 | €123,069 | +€14,187 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,882 | €123,069 | +€14,187 | +13.0% |
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 18 October 2026 via checked.be.