RUPELSTAAL: 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.
RUPELSTAAL
Largest movements
- Cash -€814,456
down €814,456 (-74.8%), from €1.1m to €273,770
mainly Receivables within one year (-€705,118) and Contributions, distributions and other (-€183,596)
- Receivables within one year +€705,118
up €705,118 (+636.9%), from €110,715 to €815,833
- Current investments +€150,000
new in 2025: €150,000
- Tangible fixed assets -€38,029
down €38,029 (-14.2%), from €267,918 to €229,889
of which Furniture and vehicles: -€21,768
- Tax, wage and social debts -€16,464
down €16,464 (-37.3%), from €44,191 to €27,727
of which Remuneration and social security: -€13,641
- Gross operating margin +€11,871
up €11,871 (+1.7%), from €691,067 to €702,938
- Taxes +€8,684
up €8,684 (+16.5%), from €52,720 to €61,404
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 | €1,471,271 | €1,472,451 | +€1,180 | +0.1% |
| Fixed assets | 21/28 | €268,314 | €230,286 | -€38,029 | -14.2% |
| Tangible fixed assets | 22/27 | €267,918 | €229,889 | -€38,029 | -14.2% |
| Plant, machinery and equipment | 23 | €246,150 | €229,889 | -€16,261 | -6.6% |
| Furniture and vehicles | 24 | €21,768 | €0 | -€21,768 | -100.0% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €1,202,957 | €1,242,165 | +€39,208 | +3.3% |
| Amounts receivable within one year | 40/41 | €110,715 | €815,833 | +€705,118 | +636.9% |
| Other amounts receivable | 41 | €110,715 | €815,833 | +€705,118 | +636.9% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €1,088,226 | €273,770 | -€814,456 | -74.8% |
| Deferred charges and accrued income | 490/1 | €4,016 | €2,562 | -€1,454 | -36.2% |
| Total equity and liabilities | 10/49 | €1,471,271 | €1,472,451 | +€1,180 | +0.1% |
| Equity | 10/15 | €1,253,415 | €1,253,415 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,191,915 | €1,191,915 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,185,765 | €1,185,765 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €217,857 | €219,036 | +€1,180 | +0.5% |
| Amounts payable within one year | 42/48 | €217,857 | €218,955 | +€1,098 | +0.5% |
| Trade debts | 44 | €2,666 | €7,631 | +€4,966 | +186.3% |
| Suppliers | 440/4 | €2,666 | €7,631 | +€4,966 | +186.3% |
| Taxes, remuneration and social security | 45 | €44,191 | €27,727 | -€16,464 | -37.3% |
| Taxes | 450/3 | €11,604 | €8,781 | -€2,823 | -24.3% |
| Remuneration and social security | 454/9 | €32,587 | €18,946 | -€13,641 | -41.9% |
| Other amounts payable | 47/48 | €171,000 | €183,596 | +€12,596 | +7.4% |
| Accrued charges and deferred income | 492/3 | €0 | €82 | +€82 | |
| Remuneration, social security and pensions | 62 | €362,073 | €356,995 | -€5,077 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,754 | €110,029 | -€2,726 | -2.4% |
| Other operating charges | 640/8 | €1,727 | €1,772 | +€45 | +2.6% |
| Gross operating margin | 9900 | €691,067 | €702,938 | +€11,871 | +1.7% |
| Operating profit (loss) | 9901 | €214,513 | €234,142 | +€19,629 | +9.2% |
| Financial income | 75/76B | €17,475 | €11,448 | -€6,028 | -34.5% |
| Recurring financial income | 75 | €17,475 | €11,448 | -€6,028 | -34.5% |
| Financial charges | 65/66B | €363 | €589 | +€226 | +62.1% |
| Recurring financial charges | 65 | €363 | €589 | +€226 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €231,625 | €245,000 | +€13,376 | +5.8% |
| Income taxes | 67/77 | €52,720 | €61,404 | +€8,684 | +16.5% |
| Profit (loss) for the period | 9904 | €178,905 | €183,596 | +€4,691 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €178,905 | €183,596 | +€4,691 | +2.6% |
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 3 October 2026 via checked.be.