RUPAN: 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.
RUPAN
Largest movements
- Tangible fixed assets -€22,411
down €22,411 (-33.1%), from €67,648 to €45,237
of which Furniture and vehicles: -€19,799
- Receivables within one year +€13,080
up €13,080 (+179.6%), from €7,283 to €20,363
of which Trade receivables: +€15,064
- Deferred charges and accrued income +€2,034
up €2,034 (+508.1%), from €400 to €2,434
- Cash -€1,861
down €1,861 (-3.0%), from €62,134 to €60,274
mainly Receivables within one year (-€13,080) and Debts after one year (-€12,330)
- Debts after one year -€12,330
down €12,330 (-43.4%), from €28,416 to €16,087
- Profit (loss) carried forward +€4,643
no longer reported in 2025 (was -€4,643)
- Trade debts +€3,714
up €3,714 (+289.6%), from €1,282 to €4,996
- Reserves -€3,178
down €3,178 (-7.4%), from €43,188 to €40,010
of which Tax-exempt reserves: -€4,587
- Other debts -€2,763
down €2,763 (-8.2%), from €33,873 to €31,110
- Gross operating margin +€11,264
up €11,264 (+69.5%), from €16,218 to €27,481
- Depreciation -€1,847
down €1,847 (-8.1%), from €22,936 to €21,089
- Taxes +€1,200
up €1,200 (+763.7%), from €157 to €1,358
- Financial charges +€910
up €910 (+25.7%), from €3,535 to €4,445
- Financial income -€336
down €336 (-100.0%), from €336 to €0
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 | €137,466 | €128,308 | -€9,158 | -6.7% |
| Fixed assets | 21/28 | €67,648 | €45,237 | -€22,411 | -33.1% |
| Tangible fixed assets | 22/27 | €67,648 | €45,237 | -€22,411 | -33.1% |
| Plant, machinery and equipment | 23 | €6,435 | €3,822 | -€2,613 | -40.6% |
| Furniture and vehicles | 24 | €61,213 | €41,415 | -€19,799 | -32.3% |
| Current assets | 29/58 | €69,818 | €83,071 | +€13,254 | +19.0% |
| Amounts receivable within one year | 40/41 | €7,283 | €20,363 | +€13,080 | +179.6% |
| Trade receivables | 40 | €5,299 | €20,363 | +€15,064 | +284.3% |
| Other amounts receivable | 41 | €1,984 | - | -€1,984 | |
| Cash at bank and in hand | 54/58 | €62,134 | €60,274 | -€1,861 | -3.0% |
| Deferred charges and accrued income | 490/1 | €400 | €2,434 | +€2,034 | +508.1% |
| Total equity and liabilities | 10/49 | €137,466 | €128,308 | -€9,158 | -6.7% |
| Equity | 10/15 | €57,145 | €58,610 | +€1,466 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,188 | €40,010 | -€3,178 | -7.4% |
| Tax-exempt reserves | 132 | €14,641 | €10,054 | -€4,587 | -31.3% |
| Distributable reserves | 133 | €28,547 | €29,956 | +€1,409 | +4.9% |
| Profit (loss) carried forward | 14 | -€4,643 | - | +€4,643 | |
| Provisions and deferred taxes | 16 | €4,880 | €3,351 | -€1,529 | -31.3% |
| Deferred taxes | 168 | €4,880 | €3,351 | -€1,529 | -31.3% |
| Amounts payable | 17/49 | €75,441 | €66,347 | -€9,095 | -12.1% |
| Amounts payable after more than one year | 17 | €28,416 | €16,087 | -€12,330 | -43.4% |
| Financial debts | 170/4 | €28,416 | €16,087 | -€12,330 | -43.4% |
| Amounts payable within one year | 42/48 | €47,025 | €50,260 | +€3,235 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €11,869 | €12,330 | +€460 | +3.9% |
| Trade debts | 44 | €1,282 | €4,996 | +€3,714 | +289.6% |
| Suppliers | 440/4 | €1,282 | €4,996 | +€3,714 | +289.6% |
| Taxes, remuneration and social security | 45 | - | €1,823 | +€1,823 | |
| Taxes | 450/3 | - | €1,823 | +€1,823 | |
| Other amounts payable | 47/48 | €33,873 | €31,110 | -€2,763 | -8.2% |
| Non-recurring operating income | 76A | - | €10,879 | +€10,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,936 | €21,089 | -€1,847 | -8.1% |
| Other operating charges | 640/8 | €684 | €653 | -€32 | -4.7% |
| Gross operating margin | 9900 | €16,218 | €27,481 | +€11,264 | +69.5% |
| Operating profit (loss) | 9901 | -€7,403 | €5,740 | +€13,142 | |
| Financial income | 75/76B | €336 | €0 | -€336 | -100.0% |
| Recurring financial income | 75 | €336 | €0 | -€336 | -100.0% |
| Financial charges | 65/66B | €3,535 | €4,445 | +€910 | +25.7% |
| Recurring financial charges | 65 | €3,535 | €4,445 | +€910 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,602 | €1,294 | +€11,896 | |
| Transfer from deferred taxes | 780 | €1,529 | €1,529 | = | 0.0% |
| Income taxes | 67/77 | €157 | €1,358 | +€1,200 | +763.7% |
| Profit (loss) for the period | 9904 | -€9,230 | €1,466 | +€10,696 | |
| Transfer from tax-exempt reserves | 789 | €4,587 | €4,587 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,643 | €6,053 | +€10,696 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.