RP MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€105,997
down €105,997 (-56.4%), from €188,031 to €82,034
mainly Investment in fixed assets (net) (-€85,990) and Receivables within one year (-€32,723)
- Financial fixed assets +€80,000
new in 2025: €80,000
- Receivables within one year +€32,723
up €32,723 (+83.1%), from €39,358 to €72,081
of which Trade receivables: +€21,296
- Deferred charges and accrued income +€9,459
up €9,459 (+105.1%), from €9,000 to €18,459
- Tangible fixed assets -€3,190
down €3,190 (-17.0%), from €18,718 to €15,528
of which Furniture and vehicles: -€7,808
- Reserves +€15,208
up €15,208 (+9.1%), from €167,984 to €183,193
of which Distributable reserves: +€10,998
- Tax, wage and social debts -€8,908
down €8,908 (-20.5%), from €43,415 to €34,507
of which Remuneration and social security: -€5,315
- Trade debts +€7,153
up €7,153 (+56.0%), from €12,765 to €19,918
- Depreciation -€12,481
down €12,481 (-57.6%), from €21,661 to €9,180
- Gross operating margin +€9,944
up €9,944 (+6.6%), from €150,361 to €160,305
- Staff costs +€7,968
up €7,968 (+6.6%), from €121,565 to €129,533
- Taxes +€2,810
up €2,810 (+61.8%), from €4,545 to €7,356
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 | €255,107 | €268,102 | +€12,994 | +5.1% |
| Fixed assets | 21/28 | €18,718 | €95,528 | +€76,810 | +410.3% |
| Tangible fixed assets | 22/27 | €18,718 | €15,528 | -€3,190 | -17.0% |
| Plant, machinery and equipment | 23 | €1,326 | €5,944 | +€4,618 | +348.2% |
| Furniture and vehicles | 24 | €17,392 | €9,584 | -€7,808 | -44.9% |
| Financial fixed assets | 28 | - | €80,000 | +€80,000 | |
| Current assets | 29/58 | €236,389 | €172,573 | -€63,815 | -27.0% |
| Amounts receivable within one year | 40/41 | €39,358 | €72,081 | +€32,723 | +83.1% |
| Trade receivables | 40 | €24,121 | €45,417 | +€21,296 | +88.3% |
| Other amounts receivable | 41 | €15,237 | €26,664 | +€11,427 | +75.0% |
| Cash at bank and in hand | 54/58 | €188,031 | €82,034 | -€105,997 | -56.4% |
| Deferred charges and accrued income | 490/1 | €9,000 | €18,459 | +€9,459 | +105.1% |
| Total equity and liabilities | 10/49 | €255,107 | €268,102 | +€12,994 | +5.1% |
| Equity | 10/15 | €177,984 | €193,193 | +€15,208 | +8.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €167,984 | €183,193 | +€15,208 | +9.1% |
| Tax-exempt reserves | 132 | €12,630 | €16,840 | +€4,210 | +33.3% |
| Distributable reserves | 133 | €155,354 | €166,353 | +€10,998 | +7.1% |
| Amounts payable | 17/49 | €77,123 | €74,909 | -€2,214 | -2.9% |
| Amounts payable within one year | 42/48 | €76,664 | €74,909 | -€1,755 | -2.3% |
| Trade debts | 44 | €12,765 | €19,918 | +€7,153 | +56.0% |
| Suppliers | 440/4 | €12,765 | €19,918 | +€7,153 | +56.0% |
| Taxes, remuneration and social security | 45 | €43,415 | €34,507 | -€8,908 | -20.5% |
| Taxes | 450/3 | €20,320 | €16,727 | -€3,593 | -17.7% |
| Remuneration and social security | 454/9 | €23,095 | €17,780 | -€5,315 | -23.0% |
| Other amounts payable | 47/48 | €20,485 | €20,485 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €459 | - | -€459 | |
| Remuneration, social security and pensions | 62 | €121,565 | €129,533 | +€7,968 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,661 | €9,180 | -€12,481 | -57.6% |
| Other operating charges | 640/8 | €2,208 | €2,040 | -€168 | -7.6% |
| Gross operating margin | 9900 | €150,361 | €160,305 | +€9,944 | +6.6% |
| Operating profit (loss) | 9901 | €4,927 | €19,552 | +€14,625 | +296.8% |
| Financial income | 75/76B | €3,062 | €4,471 | +€1,409 | +46.0% |
| Recurring financial income | 75 | €3,062 | €4,471 | +€1,409 | +46.0% |
| Financial charges | 65/66B | €1,465 | €1,459 | -€6 | -0.4% |
| Recurring financial charges | 65 | €1,465 | €1,459 | -€6 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €6,524 | €22,564 | +€16,040 | +245.9% |
| Income taxes | 67/77 | €4,545 | €7,356 | +€2,810 | +61.8% |
| Profit (loss) for the period | 9904 | €1,979 | €15,208 | +€13,229 | +668.5% |
| Transfer to tax-exempt reserves | 689 | - | €4,210 | +€4,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,979 | €10,998 | +€9,019 | +455.8% |
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 8 October 2026 via checked.be.