RuPi-projects: 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.
RuPi-projects
Largest movements
- Tangible fixed assets +€208,286
up €208,286 (+66.5%), from €313,247 to €521,532
of which Land and buildings: +€199,333
- Receivables within one year +€201,103
up €201,103 (+204.1%), from €98,542 to €299,645
of which Trade receivables: +€201,103
- Reserves +€233,500
up €233,500 (+26.1%), from €894,360 to €1.1m
- Trade debts +€117,538
up €117,538 (+196.4%), from €59,832 to €177,369
- Tax, wage and social debts +€59,354
up €59,354 (+163.9%), from €36,219 to €95,573
of which Taxes: +€56,456
- Other debts +€21,196
up €21,196 (+6.4%), from €331,202 to €352,397
- Gross operating margin +€123,546
up €123,546 (+34.8%), from €354,875 to €478,421
- Taxes +€32,644
up €32,644 (+49.8%), from €65,549 to €98,193
- Depreciation +€9,212
up €9,212 (+23.2%), from €39,646 to €48,858
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 | €1,500,728 | €1,926,008 | +€425,280 | +28.3% |
| Fixed assets | 21/28 | €313,382 | €521,667 | +€208,286 | +66.5% |
| Tangible fixed assets | 22/27 | €313,247 | €521,532 | +€208,286 | +66.5% |
| Land and buildings | 22 | €271,580 | €470,913 | +€199,333 | +73.4% |
| Plant, machinery and equipment | 23 | €22,630 | €38,378 | +€15,748 | +69.6% |
| Furniture and vehicles | 24 | €18,391 | €12,242 | -€6,149 | -33.4% |
| Other tangible fixed assets | 26 | €646 | €0 | -€646 | -100.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,187,346 | €1,404,340 | +€216,994 | +18.3% |
| Stocks and contracts in progress | 3 | €507,679 | €517,231 | +€9,552 | +1.9% |
| Stocks | 30/36 | €507,679 | €517,231 | +€9,552 | +1.9% |
| Amounts receivable within one year | 40/41 | €98,542 | €299,645 | +€201,103 | +204.1% |
| Trade receivables | 40 | €98,420 | €299,523 | +€201,103 | +204.3% |
| Other amounts receivable | 41 | €122 | €122 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €576,931 | €584,302 | +€7,372 | +1.3% |
| Deferred charges and accrued income | 490/1 | €4,195 | €3,162 | -€1,033 | -24.6% |
| Total equity and liabilities | 10/49 | €1,500,728 | €1,926,008 | +€425,280 | +28.3% |
| Equity | 10/15 | €1,036,135 | €1,269,935 | +€233,800 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €894,360 | €1,127,860 | +€233,500 | +26.1% |
| Distributable reserves | 133 | €894,360 | €1,127,860 | +€233,500 | +26.1% |
| Profit (loss) carried forward | 14 | €123,175 | €123,475 | +€300 | +0.2% |
| Provisions and deferred taxes | 16 | €13,446 | €13,446 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,446 | €13,446 | = | 0.0% |
| Pensions and similar obligations | 160 | €13,446 | €13,446 | = | 0.0% |
| Amounts payable | 17/49 | €451,146 | €642,626 | +€191,480 | +42.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €432,920 | €625,340 | +€192,420 | +44.4% |
| Financial debts | 43 | €5,667 | €0 | -€5,667 | -100.0% |
| Credit institutions | 430/8 | €5,667 | €0 | -€5,667 | -100.0% |
| Trade debts | 44 | €59,832 | €177,369 | +€117,538 | +196.4% |
| Suppliers | 440/4 | €59,832 | €177,369 | +€117,538 | +196.4% |
| Taxes, remuneration and social security | 45 | €36,219 | €95,573 | +€59,354 | +163.9% |
| Taxes | 450/3 | €28,875 | €85,331 | +€56,456 | +195.5% |
| Remuneration and social security | 454/9 | €7,344 | €10,243 | +€2,898 | +39.5% |
| Other amounts payable | 47/48 | €331,202 | €352,397 | +€21,196 | +6.4% |
| Accrued charges and deferred income | 492/3 | €18,226 | €17,286 | -€940 | -5.2% |
| Remuneration, social security and pensions | 62 | €70,874 | €71,840 | +€965 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,646 | €48,858 | +€9,212 | +23.2% |
| Other operating charges | 640/8 | €4,719 | €4,307 | -€413 | -8.7% |
| Gross operating margin | 9900 | €354,875 | €478,421 | +€123,546 | +34.8% |
| Operating profit (loss) | 9901 | €239,635 | €353,417 | +€113,782 | +47.5% |
| Financial income | 75/76B | €5,122 | €3,529 | -€1,593 | -31.1% |
| Recurring financial income | 75 | €5,122 | €3,529 | -€1,593 | -31.1% |
| Financial charges | 65/66B | €26,693 | €24,953 | -€1,740 | -6.5% |
| Recurring financial charges | 65 | €26,693 | €24,953 | -€1,740 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €218,064 | €331,993 | +€113,929 | +52.2% |
| Income taxes | 67/77 | €65,549 | €98,193 | +€32,644 | +49.8% |
| Profit (loss) for the period | 9904 | €152,514 | €233,800 | +€81,285 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €152,514 | €233,800 | +€81,285 | +53.3% |
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 6 October 2026 via checked.be.