Hi Rhino: what changed
Hi Rhino
Largest movements
- Cash -€13,132
down €13,132 (-76.8%), from €17,109 to €3,977
mainly Contributions, distributions and other (-€21,572) and Investment in fixed assets (net) (-€5,673)
- Tangible fixed assets +€4,928
up €4,928 (+24.7%), from €19,948 to €24,876
of which Land and buildings: +€4,373
- Receivables within one year +€786
up €786 (+7.8%), from €10,104 to €10,890
of which Trade receivables: +€1,590
- Reserves -€15,953
down €15,953 (-100%), from €15,953 to €0
- Tax, wage and social debts +€4,691
up €4,691 (+49.0%), from €9,565 to €14,256
- Other debts +€4,373
up €4,373, from €0 to €4,373
- Short-term financial debts +€1,741
new in 2025: €1,741
- Debts after one year -€1,421
down €1,421 (-9.7%), from €14,625 to €13,204
- Gross operating margin -€2,134
down €2,134 (-14.9%), from €14,302 to €12,168
- Depreciation -€2,037
down €2,037 (-73.2%), from €2,782 to €745
- Financial charges +€1,383
up €1,383 (+197%), from €702 to €2,086
- Other operating charges +€548
up €548 (+133%), from €413 to €960
- Taxes -€294
down €294 (-9.5%), from €3,107 to €2,813
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,153 | €41,629 | -€7,523 | -15.3% |
| Fixed assets | 21/28 | €19,948 | €24,876 | +€4,928 | +24.7% |
| Tangible fixed assets | 22/27 | €19,948 | €24,876 | +€4,928 | +24.7% |
| Land and buildings | 22 | €19,497 | €23,869 | +€4,373 | +22.4% |
| Plant, machinery and equipment | 23 | - | €1,007 | +€1,007 | |
| Furniture and vehicles | 24 | €452 | €0 | -€452 | -100% |
| Current assets | 29/58 | €29,205 | €16,753 | -€12,451 | -42.6% |
| Stocks and contracts in progress | 3 | €1,018 | €1,018 | = | 0.0% |
| Stocks | 30/36 | €1,018 | €1,018 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,104 | €10,890 | +€786 | +7.8% |
| Trade receivables | 40 | €9,300 | €10,890 | +€1,590 | +17.1% |
| Other amounts receivable | 41 | €804 | €0 | -€804 | -100% |
| Cash at bank and in hand | 54/58 | €17,109 | €3,977 | -€13,132 | -76.8% |
| Deferred charges and accrued income | 490/1 | €973 | €869 | -€105 | -10.7% |
| Total equity and liabilities | 10/49 | €49,153 | €41,629 | -€7,523 | -15.3% |
| Equity | 10/15 | €19,453 | €3,500 | -€15,953 | -82.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €15,953 | €0 | -€15,953 | -100% |
| Distributable reserves | 133 | €15,953 | €0 | -€15,953 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,700 | €38,129 | +€8,430 | +28.4% |
| Amounts payable after more than one year | 17 | €14,625 | €13,204 | -€1,421 | -9.7% |
| Financial debts | 170/4 | €14,625 | €13,204 | -€1,421 | -9.7% |
| Amounts payable within one year | 42/48 | €15,075 | €24,926 | +€9,851 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €1,375 | €1,421 | +€46 | +3.3% |
| Financial debts | 43 | - | €1,741 | +€1,741 | |
| Credit institutions | 430/8 | - | €1,741 | +€1,741 | |
| Trade debts | 44 | €4,135 | €3,135 | -€1,000 | -24.2% |
| Suppliers | 440/4 | €4,135 | €3,135 | -€1,000 | -24.2% |
| Taxes, remuneration and social security | 45 | €9,565 | €14,256 | +€4,691 | +49.0% |
| Taxes | 450/3 | €9,565 | €14,256 | +€4,691 | +49.0% |
| Other amounts payable | 47/48 | €0 | €4,373 | +€4,373 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,782 | €745 | -€2,037 | -73.2% |
| Other operating charges | 640/8 | €413 | €960 | +€548 | +133% |
| Gross operating margin | 9900 | €14,302 | €12,168 | -€2,134 | -14.9% |
| Operating profit (loss) | 9901 | €11,108 | €10,463 | -€644 | -5.8% |
| Financial income | 75/76B | €1 | €55 | +€54 | +10,816% |
| Recurring financial income | 75 | €1 | €55 | +€54 | +10,816% |
| Financial charges | 65/66B | €702 | €2,086 | +€1,383 | +197% |
| Recurring financial charges | 65 | €702 | €2,086 | +€1,383 | +197% |
| Profit (loss) for the period before taxes | 9903 | €10,406 | €8,432 | -€1,974 | -19.0% |
| Income taxes | 67/77 | €3,107 | €2,813 | -€294 | -9.5% |
| Profit (loss) for the period | 9904 | €7,299 | €5,619 | -€1,680 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,299 | €5,619 | -€1,680 | -23.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.