RUPA: 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.
RUPA
Largest movements
- Cash +€8,623
up €8,623 (+11.0%), from €78,488 to €87,111
mainly Depreciation (+€11,804) and Net result for the year (+€3,497)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€3,493
down €3,493 (-14.8%), from €23,651 to €20,158
- Depreciation +€654
up €654 (+5.9%), from €11,151 to €11,804
- Financial charges +€628
up €628 (+28.2%), from €2,229 to €2,857
of which Non-recurring financial charges: +€462
- Financial income +€540
up €540 (+23.0%), from €2,345 to €2,885
- Taxes +€382
up €382 (+47.7%), from €800 to €1,182
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 | €616,666 | €619,160 | +€2,494 | +0.4% |
| Fixed assets | 21/28 | €165,987 | €160,119 | -€5,868 | -3.5% |
| Tangible fixed assets | 22/27 | €165,987 | €160,119 | -€5,868 | -3.5% |
| Land and buildings | 22 | €164,126 | €158,878 | -€5,248 | -3.2% |
| Plant, machinery and equipment | 23 | €1,861 | €1,241 | -€620 | -33.3% |
| Current assets | 29/58 | €450,679 | €459,041 | +€8,362 | +1.9% |
| Amounts receivable within one year | 40/41 | €2,110 | €865 | -€1,245 | -59.0% |
| Other amounts receivable | 41 | €2,110 | €865 | -€1,245 | -59.0% |
| Current investments | 50/53 | €368,957 | €369,905 | +€949 | +0.3% |
| Cash at bank and in hand | 54/58 | €78,488 | €87,111 | +€8,623 | +11.0% |
| Deferred charges and accrued income | 490/1 | €1,124 | €1,159 | +€35 | +3.1% |
| Total equity and liabilities | 10/49 | €616,666 | €619,160 | +€2,494 | +0.4% |
| Equity | 10/15 | €615,011 | €618,508 | +€3,497 | +0.6% |
| Contributions | 10/11 | €397,000 | €397,000 | = | 0.0% |
| Capital | 10 | €397,000 | €397,000 | = | 0.0% |
| Issued capital | 100 | €397,000 | €397,000 | = | 0.0% |
| Reserves | 13 | €258,536 | €258,536 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,700 | €39,700 | = | 0.0% |
| Legal reserve | 130 | €39,700 | €39,700 | = | 0.0% |
| Distributable reserves | 133 | €218,836 | €218,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,525 | -€37,028 | +€3,497 | +8.6% |
| Amounts payable | 17/49 | €1,655 | €651 | -€1,003 | -60.6% |
| Amounts payable within one year | 42/48 | €1,655 | €651 | -€1,003 | -60.6% |
| Trade debts | 44 | €630 | €651 | +€22 | +3.5% |
| Suppliers | 440/4 | €630 | €651 | +€22 | +3.5% |
| Taxes, remuneration and social security | 45 | €1,025 | - | -€1,025 | |
| Taxes | 450/3 | €1,025 | - | -€1,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,151 | €11,804 | +€654 | +5.9% |
| Other operating charges | 640/8 | €3,553 | €3,702 | +€149 | +4.2% |
| Gross operating margin | 9900 | €23,651 | €20,158 | -€3,493 | -14.8% |
| Operating profit (loss) | 9901 | €8,947 | €4,651 | -€4,296 | -48.0% |
| Financial income | 75/76B | €2,345 | €2,885 | +€540 | +23.0% |
| Recurring financial income | 75 | €2,345 | €2,885 | +€540 | +23.0% |
| Financial charges | 65/66B | €2,229 | €2,857 | +€628 | +28.2% |
| Recurring financial charges | 65 | €2,229 | €2,395 | +€166 | +7.5% |
| Non-recurring financial charges | 66B | - | €462 | +€462 | |
| Profit (loss) for the period before taxes | 9903 | €9,063 | €4,679 | -€4,384 | -48.4% |
| Income taxes | 67/77 | €800 | €1,182 | +€382 | +47.7% |
| Profit (loss) for the period | 9904 | €8,263 | €3,497 | -€4,766 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,263 | €3,497 | -€4,766 | -57.7% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.