RPGE: 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.
RPGE
Largest movements
- Receivables within one year +€69,383
up €69,383 (+71.8%), from €96,670 to €166,053
of which Trade receivables: +€79,375
- Cash -€3,850
down €3,850 (-5.6%), from €68,405 to €64,555
mainly Contributions, distributions and other (-€181,500) and Receivables within one year (-€69,383)
- Other debts +€57,405
up €57,405 (+45.0%), from €127,685 to €185,090
- Tax, wage and social debts +€4,969
up €4,969 (+26.2%), from €18,954 to €23,923
- Profit (loss) carried forward +€2,890
up €2,890 (+944%), from €306 to €3,196
- Gross operating margin +€78,661
up €78,661 (+48.8%), from €161,297 to €239,958
- Taxes +€18,036
up €18,036 (+48.5%), from €37,224 to €55,259
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 | €165,609 | €230,889 | +€65,280 | +39.4% |
| Fixed assets | 21/28 | €254 | - | -€254 | |
| Tangible fixed assets | 22/27 | €254 | - | -€254 | |
| Furniture and vehicles | 24 | €254 | - | -€254 | |
| Current assets | 29/58 | €165,356 | €230,889 | +€65,533 | +39.6% |
| Amounts receivable within one year | 40/41 | €96,670 | €166,053 | +€69,383 | +71.8% |
| Trade receivables | 40 | €76,175 | €155,550 | +€79,375 | +104% |
| Other amounts receivable | 41 | €20,495 | €10,503 | -€9,992 | -48.8% |
| Cash at bank and in hand | 54/58 | €68,405 | €64,555 | -€3,850 | -5.6% |
| Deferred charges and accrued income | 490/1 | €281 | €281 | = | 0.0% |
| Total equity and liabilities | 10/49 | €165,609 | €230,889 | +€65,280 | +39.4% |
| Equity | 10/15 | €18,906 | €21,796 | +€2,890 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306 | €3,196 | +€2,890 | +944% |
| Amounts payable | 17/49 | €146,703 | €209,093 | +€62,390 | +42.5% |
| Amounts payable within one year | 42/48 | €146,639 | €209,026 | +€62,387 | +42.5% |
| Trade debts | 44 | - | €13 | +€13 | |
| Suppliers | 440/4 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €18,954 | €23,923 | +€4,969 | +26.2% |
| Taxes | 450/3 | €18,954 | €23,923 | +€4,969 | +26.2% |
| Other amounts payable | 47/48 | €127,685 | €185,090 | +€57,405 | +45.0% |
| Accrued charges and deferred income | 492/3 | €64 | €67 | +€3 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €712 | €254 | -€458 | -64.4% |
| Other operating charges | 640/8 | €451 | €660 | +€209 | +46.3% |
| Gross operating margin | 9900 | €161,297 | €239,958 | +€78,661 | +48.8% |
| Operating profit (loss) | 9901 | €160,134 | €239,044 | +€78,911 | +49.3% |
| Financial income | 75/76B | €1,286 | €798 | -€488 | -38.0% |
| Recurring financial income | 75 | €1,286 | €798 | -€488 | -38.0% |
| Financial charges | 65/66B | €183 | €193 | +€10 | +5.4% |
| Recurring financial charges | 65 | €183 | €193 | +€10 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €161,237 | €239,649 | +€78,413 | +48.6% |
| Income taxes | 67/77 | €37,224 | €55,259 | +€18,036 | +48.5% |
| Profit (loss) for the period | 9904 | €124,013 | €184,390 | +€60,377 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €124,013 | €184,390 | +€60,377 | +48.7% |
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 17 October 2026 via checked.be.