R.N.K.: 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.
R.N.K.
Largest movements
- Cash -€19,662
down €19,662 (-71.9%), from €27,347 to €7,685
mainly Net result for the year (-€43,086) and Investment in fixed assets (net) (-€15,352)
- Receivables within one year +€15,280
up €15,280 (+112%), from €13,672 to €28,952
of which Trade receivables: +€24,990
- Stocks and contracts -€12,500
down €12,500 (-100%), from €12,500 to €0
- Tangible fixed assets +€12,482
up €12,482 (+214%), from €5,827 to €18,309
of which Leasing and similar rights: +€13,800
- Deferred charges and accrued income -€1,948
down €1,948 (-63.6%), from €3,065 to €1,117
- Profit (loss) carried forward -€43,086
down €43,086 (-2,755%), from -€1,564 to -€44,650
- Debts after one year +€19,326
new in 2025: €19,326
- Contributions +€10,000
up €10,000 (+161%), from €6,200 to €16,200
- Current portion of long-term debt +€7,173
up €7,173, from €0 to €7,173
- Trade debts +€4,072
up €4,072 (+18.2%), from €22,390 to €26,461
- Gross operating margin -€69,465
down €69,465, from €41,213 to -€28,253
- Financial charges +€3,843
up €3,843 (+147%), from €2,608 to €6,451
- Taxes -€3,730
down €3,730 (-98.4%), from €3,790 to €60
- Depreciation +€3,411
up €3,411 (+556%), from €614 to €4,025
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.
Derived cash bridge
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 | €63,566 | €56,063 | -€7,504 | -11.8% |
| Fixed assets | 21/28 | €6,982 | €18,309 | +€11,327 | +162% |
| Tangible fixed assets | 22/27 | €5,827 | €18,309 | +€12,482 | +214% |
| Plant, machinery and equipment | 23 | €5,614 | €1,499 | -€4,115 | -73.3% |
| Furniture and vehicles | 24 | €213 | €3,010 | +€2,797 | +1,316% |
| Leasing and similar rights | 25 | - | €13,800 | +€13,800 | |
| Financial fixed assets | 28 | €1,155 | €0 | -€1,155 | -100% |
| Current assets | 29/58 | €56,584 | €37,754 | -€18,831 | -33.3% |
| Stocks and contracts in progress | 3 | €12,500 | €0 | -€12,500 | -100% |
| Contracts in progress | 37 | €12,500 | €0 | -€12,500 | -100% |
| Amounts receivable within one year | 40/41 | €13,672 | €28,952 | +€15,280 | +112% |
| Trade receivables | 40 | €0 | €24,990 | +€24,990 | |
| Other amounts receivable | 41 | €13,672 | €3,962 | -€9,710 | -71.0% |
| Cash at bank and in hand | 54/58 | €27,347 | €7,685 | -€19,662 | -71.9% |
| Deferred charges and accrued income | 490/1 | €3,065 | €1,117 | -€1,948 | -63.6% |
| Total equity and liabilities | 10/49 | €63,566 | €56,063 | -€7,504 | -11.8% |
| Equity | 10/15 | €4,636 | -€28,450 | -€33,086 | |
| Contributions | 10/11 | €6,200 | €16,200 | +€10,000 | +161% |
| Profit (loss) carried forward | 14 | -€1,564 | -€44,650 | -€43,086 | -2,755% |
| Amounts payable | 17/49 | €58,930 | €84,513 | +€25,582 | +43.4% |
| Amounts payable after more than one year | 17 | - | €19,326 | +€19,326 | |
| Financial debts | 170/4 | - | €19,326 | +€19,326 | |
| Amounts payable within one year | 42/48 | €58,930 | €65,187 | +€6,256 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,173 | +€7,173 | |
| Financial debts | 43 | €25,002 | €25,019 | +€17 | +0.1% |
| Credit institutions | 430/8 | €25,002 | €25,019 | +€17 | +0.1% |
| Trade debts | 44 | €22,390 | €26,461 | +€4,072 | +18.2% |
| Suppliers | 440/4 | €22,390 | €26,461 | +€4,072 | +18.2% |
| Taxes, remuneration and social security | 45 | €2,729 | €216 | -€2,513 | -92.1% |
| Taxes | 450/3 | €280 | €216 | -€64 | -22.8% |
| Remuneration and social security | 454/9 | €2,449 | €0 | -€2,449 | -100% |
| Other amounts payable | 47/48 | €8,809 | €6,317 | -€2,493 | -28.3% |
| Non-recurring operating income | 76A | - | €2,180 | +€2,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614 | €4,025 | +€3,411 | +556% |
| Other operating charges | 640/8 | €4,688 | €4,486 | -€202 | -4.3% |
| Non-recurring operating charges | 66A | €2,418 | €0 | -€2,418 | -100% |
| Gross operating margin | 9900 | €41,213 | -€28,253 | -€69,465 | |
| Operating profit (loss) | 9901 | €33,493 | -€36,763 | -€70,257 | |
| Financial income | 75/76B | €1 | €188 | +€188 | +28,866% |
| Recurring financial income | 75 | €1 | €188 | +€188 | +28,866% |
| Financial charges | 65/66B | €2,608 | €6,451 | +€3,843 | +147% |
| Recurring financial charges | 65 | €2,608 | €6,451 | +€3,843 | +147% |
| Profit (loss) for the period before taxes | 9903 | €30,886 | -€43,026 | -€73,912 | |
| Income taxes | 67/77 | €3,790 | €60 | -€3,730 | -98.4% |
| Profit (loss) for the period | 9904 | €27,095 | -€43,086 | -€70,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,095 | -€43,086 | -€70,181 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.