RP MANAGEMENT ONE: 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 MANAGEMENT ONE
Largest movements
- Tangible fixed assets +€520,403
up €520,403 (+75.5%), from €689,109 to €1.2m
of which Land and buildings: +€526,485
- Cash +€249,797
up €249,797 (+73.6%), from €339,585 to €589,382
mainly Debts after one year (+€444,318) and Other debts (+€147,187)
- Receivables within one year -€31,295
down €31,295 (-48.7%), from €64,277 to €32,981
of which Other amounts receivable: -€51,129
- Financial fixed assets -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Debts after one year +€444,318
up €444,318 (+91.0%), from €488,416 to €932,734
- Other debts +€147,187
up €147,187 (+50.3%), from €292,781 to €439,968
- Profit (loss) carried forward +€57,666
up €57,666 (+31.3%), from €184,204 to €241,870
- Trade debts +€32,701
up €32,701 (+182%), from €17,957 to €50,658
- Tax, wage and social debts +€21,680
up €21,680 (+26.0%), from €83,294 to €104,974
of which Remuneration and social security: +€30,058
- Gross operating margin +€168,104
up €168,104 (+51.2%), from €328,610 to €496,714
- Staff costs +€74,657
up €74,657 (+31.3%), from €238,205 to €312,862
- Taxes +€17,904
up €17,904 (+413%), from €4,336 to €22,240
- Financial charges +€16,532
up €16,532 (+114%), from €14,454 to €30,986
- Depreciation +€8,556
up €8,556 (+14.6%), from €58,597 to €67,153
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 | €1,170,629 | €1,879,422 | +€708,794 | +60.5% |
| Fixed assets | 21/28 | €761,002 | €1,252,163 | +€491,161 | +64.5% |
| Intangible fixed assets | 21 | €21,893 | €17,651 | -€4,242 | -19.4% |
| Tangible fixed assets | 22/27 | €689,109 | €1,209,512 | +€520,403 | +75.5% |
| Land and buildings | 22 | €658,595 | €1,185,080 | +€526,485 | +79.9% |
| Furniture and vehicles | 24 | €30,514 | €24,432 | -€6,081 | -19.9% |
| Financial fixed assets | 28 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Current assets | 29/58 | €409,627 | €627,259 | +€217,633 | +53.1% |
| Amounts receivable within one year | 40/41 | €64,277 | €32,981 | -€31,295 | -48.7% |
| Trade receivables | 40 | €13,147 | €32,981 | +€19,834 | +151% |
| Other amounts receivable | 41 | €51,129 | - | -€51,129 | |
| Cash at bank and in hand | 54/58 | €339,585 | €589,382 | +€249,797 | +73.6% |
| Deferred charges and accrued income | 490/1 | €5,765 | €4,896 | -€869 | -15.1% |
| Total equity and liabilities | 10/49 | €1,170,629 | €1,879,422 | +€708,794 | +60.5% |
| Equity | 10/15 | €244,204 | €301,870 | +€57,666 | +23.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,204 | €241,870 | +€57,666 | +31.3% |
| Amounts payable | 17/49 | €926,425 | €1,577,552 | +€651,128 | +70.3% |
| Amounts payable after more than one year | 17 | €488,416 | €932,734 | +€444,318 | +91.0% |
| Financial debts | 170/4 | €488,416 | €932,734 | +€444,318 | +91.0% |
| Amounts payable within one year | 42/48 | €434,973 | €633,332 | +€198,359 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €40,941 | €37,731 | -€3,209 | -7.8% |
| Trade debts | 44 | €17,957 | €50,658 | +€32,701 | +182% |
| Suppliers | 440/4 | €17,957 | €50,658 | +€32,701 | +182% |
| Taxes, remuneration and social security | 45 | €83,294 | €104,974 | +€21,680 | +26.0% |
| Taxes | 450/3 | €27,939 | €19,561 | -€8,378 | -30.0% |
| Remuneration and social security | 454/9 | €55,355 | €85,413 | +€30,058 | +54.3% |
| Other amounts payable | 47/48 | €292,781 | €439,968 | +€147,187 | +50.3% |
| Accrued charges and deferred income | 492/3 | €3,036 | €11,487 | +€8,451 | +278% |
| Remuneration, social security and pensions | 62 | €238,205 | €312,862 | +€74,657 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,597 | €67,153 | +€8,556 | +14.6% |
| Other operating charges | 640/8 | €9,541 | €9,378 | -€162 | -1.7% |
| Non-recurring operating charges | 66A | €2,325 | - | -€2,325 | |
| Gross operating margin | 9900 | €328,610 | €496,714 | +€168,104 | +51.2% |
| Operating profit (loss) | 9901 | €19,943 | €107,321 | +€87,379 | +438% |
| Financial income | 75/76B | €584 | €3,571 | +€2,987 | +512% |
| Recurring financial income | 75 | €584 | €3,571 | +€2,987 | +512% |
| Financial charges | 65/66B | €14,454 | €30,986 | +€16,532 | +114% |
| Recurring financial charges | 65 | €14,454 | €30,986 | +€16,532 | +114% |
| Profit (loss) for the period before taxes | 9903 | €6,072 | €79,906 | +€73,834 | +1,216% |
| Income taxes | 67/77 | €4,336 | €22,240 | +€17,904 | +413% |
| Profit (loss) for the period | 9904 | €1,736 | €57,666 | +€55,930 | +3,222% |
| Profit (loss) for the period to be appropriated | 9905 | €1,736 | €57,666 | +€55,930 | +3,222% |
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 15 October 2026 via checked.be.