RPE: 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.
RPE
Largest movements
- Receivables within one year +€8,421
up €8,421 (+87.6%), from €9,608 to €18,029
- Tangible fixed assets -€869
down €869 (-2.7%), from €32,040 to €31,171
of which Plant, machinery and equipment: -€579
- Other debts +€31,400
up €31,400 (+20.5%), from €153,310 to €184,710
- Profit (loss) carried forward -€26,482
down €26,482 (-20.0%), from -€132,219 to -€158,701
- Trade debts +€1,983
up €1,983 (+13.7%), from €14,482 to €16,466
- Accrued charges and deferred income +€550
new in 2025: €550
- Gross operating margin -€20,962
down €20,962, from €5,717 to -€15,245
- Financial charges -€677
down €677 (-41.8%), from €1,620 to €943
- Other operating charges +€287
up €287 (+3.1%), from €9,138 to €9,425
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 | €41,773 | €49,225 | +€7,451 | +17.8% |
| Fixed assets | 21/28 | €32,040 | €31,171 | -€869 | -2.7% |
| Tangible fixed assets | 22/27 | €32,040 | €31,171 | -€869 | -2.7% |
| Land and buildings | 22 | €4,550 | €4,259 | -€290 | -6.4% |
| Plant, machinery and equipment | 23 | €10,416 | €9,837 | -€579 | -5.6% |
| Other tangible fixed assets | 26 | €17,074 | €17,074 | = | 0.0% |
| Current assets | 29/58 | €9,734 | €18,054 | +€8,320 | +85.5% |
| Amounts receivable within one year | 40/41 | €9,608 | €18,029 | +€8,421 | +87.6% |
| Trade receivables | 40 | €9,608 | €18,029 | +€8,421 | +87.6% |
| Cash at bank and in hand | 54/58 | €125 | €25 | -€100 | -80.1% |
| Total equity and liabilities | 10/49 | €41,773 | €49,225 | +€7,451 | +17.8% |
| Equity | 10/15 | -€126,019 | -€152,501 | -€26,482 | -21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,219 | -€158,701 | -€26,482 | -20.0% |
| Amounts payable | 17/49 | €167,792 | €201,726 | +€33,933 | +20.2% |
| Amounts payable within one year | 42/48 | €167,792 | €201,176 | +€33,383 | +19.9% |
| Trade debts | 44 | €14,482 | €16,466 | +€1,983 | +13.7% |
| Suppliers | 440/4 | €14,482 | €16,466 | +€1,983 | +13.7% |
| Other amounts payable | 47/48 | €153,310 | €184,710 | +€31,400 | +20.5% |
| Accrued charges and deferred income | 492/3 | - | €550 | +€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €869 | €869 | = | 0.0% |
| Other operating charges | 640/8 | €9,138 | €9,425 | +€287 | +3.1% |
| Gross operating margin | 9900 | €5,717 | -€15,245 | -€20,962 | |
| Operating profit (loss) | 9901 | -€4,290 | -€25,539 | -€21,249 | -495.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,620 | €943 | -€677 | -41.8% |
| Recurring financial charges | 65 | €1,620 | €943 | -€677 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,910 | -€26,482 | -€20,572 | -348.1% |
| Profit (loss) for the period | 9904 | -€5,910 | -€26,482 | -€20,572 | -348.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,910 | -€26,482 | -€20,572 | -348.1% |
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 3 October 2026 via checked.be.