RPS: 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.
RPS
Largest movements
- Tangible fixed assets -€67,507
down €67,507 (-30.5%), from €221,101 to €153,594
of which Furniture and vehicles: -€62,616
- Stocks and contracts -€31,217
down €31,217 (-26.2%), from €119,294 to €88,076
- Receivables within one year +€19,756
up €19,756 (+9181.9%), from €215 to €19,971
- Cash +€12,721
up €12,721 (+37.1%), from €34,299 to €47,019
mainly Investment in fixed assets (net) (+€41,053) and Stocks and contracts (+€31,217)
- Debts after one year -€38,983
down €38,983 (-41.0%), from €95,145 to €56,162
of which Financial debts: -€38,983
- Other debts -€33,888
down €33,888 (-35.4%), from €95,718 to €61,830
- Profit (loss) carried forward +€14,597
up €14,597 (+10.8%), from €134,870 to €149,467
- Current portion of long-term debt -€7,382
down €7,382 (-29.6%), from €24,913 to €17,531
- Gross operating margin +€54,766
up €54,766 (+48.1%), from €113,794 to €168,560
- Depreciation -€15,604
down €15,604 (-34.6%), from €45,058 to €29,455
- Taxes -€8,956
no longer reported in 2025 (was €8,956)
- Staff costs +€8,639
up €8,639 (+21.7%), from €39,831 to €48,471
- Financial charges +€5,768
up €5,768 (+119.3%), from €4,833 to €10,600
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 | €395,147 | €329,535 | -€65,611 | -16.6% |
| Fixed assets | 21/28 | €241,339 | €170,832 | -€70,507 | -29.2% |
| Intangible fixed assets | 21 | €20,238 | €17,238 | -€3,000 | -14.8% |
| Tangible fixed assets | 22/27 | €221,101 | €153,594 | -€67,507 | -30.5% |
| Land and buildings | 22 | €111,226 | €106,793 | -€4,433 | -4.0% |
| Plant, machinery and equipment | 23 | €1,600 | €1,141 | -€459 | -28.7% |
| Furniture and vehicles | 24 | €108,276 | €45,660 | -€62,616 | -57.8% |
| Current assets | 29/58 | €153,808 | €158,704 | +€4,896 | +3.2% |
| Stocks and contracts in progress | 3 | €119,294 | €88,076 | -€31,217 | -26.2% |
| Stocks | 30/36 | €119,294 | €88,076 | -€31,217 | -26.2% |
| Amounts receivable within one year | 40/41 | €215 | €19,971 | +€19,756 | +9181.9% |
| Other amounts receivable | 41 | €215 | €19,971 | +€19,756 | +9181.9% |
| Cash at bank and in hand | 54/58 | €34,299 | €47,019 | +€12,721 | +37.1% |
| Deferred charges and accrued income | 490/1 | - | €3,637 | +€3,637 | |
| Total equity and liabilities | 10/49 | €395,147 | €329,535 | -€65,611 | -16.6% |
| Equity | 10/15 | €155,330 | €169,927 | +€14,597 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,870 | €149,467 | +€14,597 | +10.8% |
| Amounts payable | 17/49 | €239,817 | €159,609 | -€80,208 | -33.4% |
| Amounts payable after more than one year | 17 | €95,145 | €56,162 | -€38,983 | -41.0% |
| Financial debts | 170/4 | €93,785 | €54,802 | -€38,983 | -41.6% |
| Other amounts payable | 178/9 | €1,360 | €1,360 | = | 0.0% |
| Amounts payable within one year | 42/48 | €144,671 | €103,446 | -€41,225 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €24,913 | €17,531 | -€7,382 | -29.6% |
| Trade debts | 44 | €21,969 | €18,665 | -€3,305 | -15.0% |
| Suppliers | 440/4 | €21,969 | €18,665 | -€3,305 | -15.0% |
| Taxes, remuneration and social security | 45 | €2,070 | €5,421 | +€3,350 | +161.8% |
| Taxes | 450/3 | €2,070 | €4,121 | +€2,050 | +99.0% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €95,718 | €61,830 | -€33,888 | -35.4% |
| Non-recurring operating income | 76A | - | €65,612 | +€65,612 | |
| Remuneration, social security and pensions | 62 | €39,831 | €48,471 | +€8,639 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,058 | €29,455 | -€15,604 | -34.6% |
| Other operating charges | 640/8 | €4,521 | €6,974 | +€2,453 | +54.2% |
| Non-recurring operating charges | 66A | - | €58,553 | +€58,553 | |
| Gross operating margin | 9900 | €113,794 | €168,560 | +€54,766 | +48.1% |
| Operating profit (loss) | 9901 | €24,383 | €25,108 | +€725 | +3.0% |
| Financial income | 75/76B | €68 | €89 | +€22 | +31.8% |
| Recurring financial income | 75 | €68 | €89 | +€22 | +31.8% |
| Financial charges | 65/66B | €4,833 | €10,600 | +€5,768 | +119.3% |
| Recurring financial charges | 65 | €4,833 | €10,600 | +€5,768 | +119.3% |
| Profit (loss) for the period before taxes | 9903 | €19,618 | €14,597 | -€5,021 | -25.6% |
| Income taxes | 67/77 | €8,956 | - | -€8,956 | |
| Profit (loss) for the period | 9904 | €10,662 | €14,597 | +€3,935 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,662 | €14,597 | +€3,935 | +36.9% |
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 7 October 2026 via checked.be.