RP Works: 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 Works
Largest movements
- Receivables within one year +€39,945
up €39,945 (+104%), from €38,292 to €78,237
of which Other amounts receivable: +€47,058
- Cash -€8,060
down €8,060 (-40.5%), from €19,881 to €11,822
mainly Receivables within one year (-€39,945) and Current portion of long-term debt (-€20,092)
- Reserves +€56,510
up €56,510 (+33.4%), from €169,351 to €225,861
- Current portion of long-term debt -€20,092
down €20,092 (-44.2%), from €45,482 to €25,390
- Debts after one year -€19,710
down €19,710 (-18.2%), from €108,404 to €88,694
- Accrued charges and deferred income +€17,195
new in 2025: €17,195
- Tax, wage and social debts -€5,659
down €5,659 (-43.3%), from €13,066 to €7,407
- Taxes +€31,862
up €31,862 (+118%), from €27,070 to €58,932
- Other operating charges -€31,386
down €31,386 (-97.5%), from €32,178 to €792
- Gross operating margin +€9,760
up €9,760 (+7.9%), from €124,313 to €134,073
- Financial charges -€6,291
down €6,291 (-55.5%), from €11,327 to €5,036
- Financial income +€2,577
up €2,577 (+255%), from €1,012 to €3,589
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 | €402,050 | €432,219 | +€30,168 | +7.5% |
| Fixed assets | 21/28 | €302,772 | €299,952 | -€2,820 | -0.9% |
| Tangible fixed assets | 22/27 | €302,772 | €299,952 | -€2,820 | -0.9% |
| Land and buildings | 22 | €284,403 | €289,974 | +€5,571 | +2.0% |
| Plant, machinery and equipment | 23 | €14,844 | €7,290 | -€7,553 | -50.9% |
| Furniture and vehicles | 24 | €3,526 | €2,687 | -€838 | -23.8% |
| Current assets | 29/58 | €99,278 | €132,266 | +€32,989 | +33.2% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,292 | €78,237 | +€39,945 | +104% |
| Trade receivables | 40 | €18,680 | €11,567 | -€7,113 | -38.1% |
| Other amounts receivable | 41 | €19,612 | €66,670 | +€47,058 | +240% |
| Cash at bank and in hand | 54/58 | €19,881 | €11,822 | -€8,060 | -40.5% |
| Deferred charges and accrued income | 490/1 | €6,105 | €7,208 | +€1,103 | +18.1% |
| Total equity and liabilities | 10/49 | €402,050 | €432,219 | +€30,168 | +7.5% |
| Equity | 10/15 | €232,878 | €289,388 | +€56,510 | +24.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €169,351 | €225,861 | +€56,510 | +33.4% |
| Distributable reserves | 133 | €169,351 | €225,861 | +€56,510 | +33.4% |
| Profit (loss) carried forward | 14 | €44,978 | €44,978 | = | 0.0% |
| Amounts payable | 17/49 | €169,172 | €142,831 | -€26,341 | -15.6% |
| Amounts payable after more than one year | 17 | €108,404 | €88,694 | -€19,710 | -18.2% |
| Financial debts | 170/4 | €108,404 | €88,694 | -€19,710 | -18.2% |
| Amounts payable within one year | 42/48 | €60,768 | €36,942 | -€23,826 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €45,482 | €25,390 | -€20,092 | -44.2% |
| Trade debts | 44 | €2,220 | €4,146 | +€1,926 | +86.8% |
| Suppliers | 440/4 | €2,220 | €4,146 | +€1,926 | +86.8% |
| Taxes, remuneration and social security | 45 | €13,066 | €7,407 | -€5,659 | -43.3% |
| Taxes | 450/3 | €13,066 | €7,407 | -€5,659 | -43.3% |
| Accrued charges and deferred income | 492/3 | - | €17,195 | +€17,195 | |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,997 | €16,392 | +€395 | +2.5% |
| Other operating charges | 640/8 | €32,178 | €792 | -€31,386 | -97.5% |
| Gross operating margin | 9900 | €124,313 | €134,073 | +€9,760 | +7.9% |
| Operating profit (loss) | 9901 | €76,138 | €116,889 | +€40,750 | +53.5% |
| Financial income | 75/76B | €1,012 | €3,589 | +€2,577 | +255% |
| Recurring financial income | 75 | €1,012 | €3,589 | +€2,577 | +255% |
| Financial charges | 65/66B | €11,327 | €5,036 | -€6,291 | -55.5% |
| Recurring financial charges | 65 | €11,327 | €5,036 | -€6,291 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €65,823 | €115,442 | +€49,619 | +75.4% |
| Income taxes | 67/77 | €27,070 | €58,932 | +€31,862 | +118% |
| Profit (loss) for the period | 9904 | €38,753 | €56,510 | +€17,757 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,753 | €56,510 | +€17,757 | +45.8% |
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 27 October 2026 via checked.be.