RPW: 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.
RPW
Largest movements
- Receivables within one year -€4,621
down €4,621 (-98.2%), from €4,704 to €83
of which Trade receivables: -€4,704
- Cash +€3,776
up €3,776 (+742.6%), from €508 to €4,284
mainly Other debts (+€16,205) and Receivables within one year (+€4,621)
- Tangible fixed assets -€200
down €200 (-72.3%), from €277 to €77
- Other debts +€16,205
up €16,205 (+64.8%), from €24,990 to €41,195
- Trade debts -€11,255
down €11,255 (-89.5%), from €12,578 to €1,324
- Profit (loss) carried forward -€5,621
down €5,621 (-13.9%), from -€40,536 to -€46,157
- Tax, wage and social debts -€375
down €375 (-16.6%), from €2,257 to €1,882
- Gross operating margin +€6,332
up €6,332 (+61.8%), from -€10,246 to -€3,914
- Other operating charges +€675
up €675 (+107.7%), from €626 to €1,301
- Financial charges -€504
down €504 (-88.6%), from €569 to €65
- Taxes +€141
up €141, from €0 to €141
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 | €5,490 | €4,444 | -€1,045 | -19.0% |
| Fixed assets | 21/28 | €277 | €77 | -€200 | -72.3% |
| Tangible fixed assets | 22/27 | €277 | €77 | -€200 | -72.3% |
| Furniture and vehicles | 24 | €277 | €77 | -€200 | -72.3% |
| Current assets | 29/58 | €5,213 | €4,368 | -€845 | -16.2% |
| Amounts receivable within one year | 40/41 | €4,704 | €83 | -€4,621 | -98.2% |
| Trade receivables | 40 | €4,704 | €0 | -€4,704 | -100.0% |
| Other amounts receivable | 41 | €0 | €83 | +€83 | |
| Cash at bank and in hand | 54/58 | €508 | €4,284 | +€3,776 | +742.6% |
| Total equity and liabilities | 10/49 | €5,490 | €4,444 | -€1,045 | -19.0% |
| Equity | 10/15 | -€34,336 | -€39,957 | -€5,621 | -16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,536 | -€46,157 | -€5,621 | -13.9% |
| Amounts payable | 17/49 | €39,826 | €44,401 | +€4,575 | +11.5% |
| Amounts payable within one year | 42/48 | €39,826 | €44,401 | +€4,575 | +11.5% |
| Trade debts | 44 | €12,578 | €1,324 | -€11,255 | -89.5% |
| Suppliers | 440/4 | €12,578 | €1,324 | -€11,255 | -89.5% |
| Taxes, remuneration and social security | 45 | €2,257 | €1,882 | -€375 | -16.6% |
| Taxes | 450/3 | €2,257 | €1,882 | -€375 | -16.6% |
| Other amounts payable | 47/48 | €24,990 | €41,195 | +€16,205 | +64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €200 | = | 0.0% |
| Other operating charges | 640/8 | €626 | €1,301 | +€675 | +107.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€10,246 | -€3,914 | +€6,332 | +61.8% |
| Operating profit (loss) | 9901 | -€11,072 | -€5,415 | +€5,657 | +51.1% |
| Financial charges | 65/66B | €569 | €65 | -€504 | -88.6% |
| Recurring financial charges | 65 | €569 | €65 | -€504 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,641 | -€5,480 | +€6,161 | +52.9% |
| Income taxes | 67/77 | €0 | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€11,641 | -€5,621 | +€6,021 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,641 | -€5,621 | +€6,021 | +51.7% |
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.