RP Projects: 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 Projects
Largest movements
- Stocks and contracts -€67,034
down €67,034 (-100.0%), from €67,034 to €0
- Receivables within one year -€22,576
down €22,576 (-35.5%), from €63,628 to €41,051
of which Trade receivables: -€22,576
- Cash +€17,119
up €17,119 (+160.6%), from €10,658 to €27,777
mainly Stocks and contracts (+€67,034) and Net result for the year (+€34,033)
- Current portion of long-term debt -€41,570
down €41,570 (-64.6%), from €64,311 to €22,741
- Reserves +€34,033
up €34,033 (+21.1%), from €161,210 to €195,243
- Other debts -€32,610
down €32,610 (-96.2%), from €33,890 to €1,280
- Debts after one year -€22,741
down €22,741 (-6.5%), from €352,466 to €329,725
- Trade debts -€14,002
down €14,002 (-76.6%), from €18,274 to €4,272
- Gross operating margin +€21,431
up €21,431 (+42.6%), from €50,295 to €71,726
- Taxes +€7,776
up €7,776 (+180.1%), from €4,318 to €12,094
- Financial charges -€3,293
down €3,293 (-22.0%), from €14,988 to €11,695
- Other operating charges -€1,270
down €1,270 (-39.5%), from €3,218 to €1,948
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 | €645,823 | €568,179 | -€77,645 | -12.0% |
| Fixed assets | 21/28 | €504,353 | €498,596 | -€5,757 | -1.1% |
| Tangible fixed assets | 22/27 | €455,348 | €449,591 | -€5,757 | -1.3% |
| Land and buildings | 22 | €449,968 | €439,328 | -€10,639 | -2.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,380 | €10,262 | +€4,882 | +90.7% |
| Financial fixed assets | 28 | €49,005 | €49,005 | = | 0.0% |
| Current assets | 29/58 | €141,470 | €69,583 | -€71,887 | -50.8% |
| Stocks and contracts in progress | 3 | €67,034 | €0 | -€67,034 | -100.0% |
| Stocks | 30/36 | €67,034 | €0 | -€67,034 | -100.0% |
| Amounts receivable within one year | 40/41 | €63,628 | €41,051 | -€22,576 | -35.5% |
| Trade receivables | 40 | €57,946 | €35,370 | -€22,576 | -39.0% |
| Other amounts receivable | 41 | €5,682 | €5,682 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,658 | €27,777 | +€17,119 | +160.6% |
| Deferred charges and accrued income | 490/1 | €150 | €755 | +€604 | +401.7% |
| Total equity and liabilities | 10/49 | €645,823 | €568,179 | -€77,645 | -12.0% |
| Equity | 10/15 | €165,210 | €199,243 | +€34,033 | +20.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €161,210 | €195,243 | +€34,033 | +21.1% |
| Distributable reserves | 133 | €161,210 | €195,243 | +€34,033 | +21.1% |
| Amounts payable | 17/49 | €480,613 | €368,936 | -€111,677 | -23.2% |
| Amounts payable after more than one year | 17 | €352,466 | €329,725 | -€22,741 | -6.5% |
| Financial debts | 170/4 | €352,466 | €329,725 | -€22,741 | -6.5% |
| Amounts payable within one year | 42/48 | €127,304 | €38,350 | -€88,954 | -69.9% |
| Current portion of amounts payable after more than one year | 42 | €64,311 | €22,741 | -€41,570 | -64.6% |
| Trade debts | 44 | €18,274 | €4,272 | -€14,002 | -76.6% |
| Suppliers | 440/4 | €18,274 | €4,272 | -€14,002 | -76.6% |
| Taxes, remuneration and social security | 45 | €10,830 | €10,057 | -€773 | -7.1% |
| Taxes | 450/3 | €10,580 | €10,057 | -€523 | -4.9% |
| Remuneration and social security | 454/9 | €250 | €0 | -€250 | -100.0% |
| Other amounts payable | 47/48 | €33,890 | €1,280 | -€32,610 | -96.2% |
| Accrued charges and deferred income | 492/3 | €843 | €861 | +€18 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,622 | €11,956 | +€334 | +2.9% |
| Other operating charges | 640/8 | €3,218 | €1,948 | -€1,270 | -39.5% |
| Gross operating margin | 9900 | €50,295 | €71,726 | +€21,431 | +42.6% |
| Operating profit (loss) | 9901 | €35,455 | €57,822 | +€22,367 | +63.1% |
| Financial charges | 65/66B | €14,988 | €11,695 | -€3,293 | -22.0% |
| Recurring financial charges | 65 | €14,988 | €11,695 | -€3,293 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €20,467 | €46,127 | +€25,660 | +125.4% |
| Income taxes | 67/77 | €4,318 | €12,094 | +€7,776 | +180.1% |
| Profit (loss) for the period | 9904 | €16,149 | €34,033 | +€17,884 | +110.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,149 | €34,033 | +€17,884 | +110.7% |
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 5 October 2026 via checked.be.