RHAMNUS: 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.
RHAMNUS
Largest movements
- Tangible fixed assets -€232,719
down €232,719 (-2.5%), from €9.3m to €9.0m
of which Land and buildings: -€214,359
- Cash -€225,817
down €225,817 (-60.2%), from €375,400 to €149,583
mainly Debts after one year (-€455,000) and Advances received (-€227,418)
- Receivables within one year -€147,946
down €147,946 (-8.6%), from €1.7m to €1.6m
of which Other amounts receivable: -€153,245
- Debts after one year -€455,000
down €455,000 (-5.4%), from €8.5m to €8.0m
of which Financial debts: -€455,000
- Advances received -€227,418
no longer reported in 2025 (was €227,418)
- Gross operating margin -€376,177
down €376,177 (-35.8%), from €1.1m to €675,544
- Taxes -€63,022
down €63,022 (-65.7%), from €95,982 to €32,960
- Other operating charges -€48,771
down €48,771 (-99.6%), from €48,948 to €177
- Financial charges -€18,507
down €18,507 (-4.9%), from €380,662 to €362,156
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 | €11,720,436 | €11,072,266 | -€648,170 | -5.5% |
| Fixed assets | 21/28 | €9,269,843 | €9,037,124 | -€232,719 | -2.5% |
| Tangible fixed assets | 22/27 | €9,269,843 | €9,037,124 | -€232,719 | -2.5% |
| Land and buildings | 22 | €9,141,322 | €8,926,963 | -€214,359 | -2.3% |
| Plant, machinery and equipment | 23 | €128,521 | €110,161 | -€18,360 | -14.3% |
| Current assets | 29/58 | €2,450,593 | €2,035,142 | -€415,451 | -17.0% |
| Amounts receivable within one year | 40/41 | €1,722,470 | €1,574,524 | -€147,946 | -8.6% |
| Trade receivables | 40 | €69,022 | €74,321 | +€5,299 | +7.7% |
| Other amounts receivable | 41 | €1,653,448 | €1,500,203 | -€153,245 | -9.3% |
| Cash at bank and in hand | 54/58 | €375,400 | €149,583 | -€225,817 | -60.2% |
| Deferred charges and accrued income | 490/1 | €352,723 | €311,035 | -€41,688 | -11.8% |
| Total equity and liabilities | 10/49 | €11,720,436 | €11,072,266 | -€648,170 | -5.5% |
| Equity | 10/15 | €2,348,815 | €2,425,861 | +€77,046 | +3.3% |
| Contributions | 10/11 | €2,132,330 | €2,132,330 | = | 0.0% |
| Capital | 10 | €2,132,330 | €2,132,330 | = | 0.0% |
| Issued capital | 100 | €2,132,330 | €2,132,330 | = | 0.0% |
| Reserves | 13 | €213,233 | €213,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €213,233 | €213,233 | = | 0.0% |
| Legal reserve | 130 | €213,233 | €213,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,252 | €80,298 | +€77,046 | +2,369% |
| Amounts payable | 17/49 | €9,371,621 | €8,646,404 | -€725,216 | -7.7% |
| Amounts payable after more than one year | 17 | €8,473,110 | €8,018,110 | -€455,000 | -5.4% |
| Financial debts | 170/4 | €7,848,750 | €7,393,750 | -€455,000 | -5.8% |
| Other amounts payable | 178/9 | €624,360 | €624,360 | = | 0.0% |
| Amounts payable within one year | 42/48 | €898,511 | €628,294 | -€270,216 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €568,750 | €455,000 | -€113,750 | -20.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | - | €44,352 | +€44,352 | |
| Suppliers | 440/4 | - | €44,352 | +€44,352 | |
| Advances received on contracts in progress | 46 | €227,418 | - | -€227,418 | |
| Taxes, remuneration and social security | 45 | €102,342 | €128,942 | +€26,600 | +26.0% |
| Taxes | 450/3 | €102,342 | €128,942 | +€26,600 | +26.0% |
| Non-recurring operating income | 76A | €345,463 | - | -€345,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,491 | €274,491 | = | 0.0% |
| Other operating charges | 640/8 | €48,948 | €177 | -€48,771 | -99.6% |
| Gross operating margin | 9900 | €1,051,720 | €675,544 | -€376,177 | -35.8% |
| Operating profit (loss) | 9901 | €728,281 | €400,876 | -€327,405 | -45.0% |
| Financial income | 75/76B | €75,729 | €71,286 | -€4,443 | -5.9% |
| Recurring financial income | 75 | €75,729 | €71,286 | -€4,443 | -5.9% |
| Financial charges | 65/66B | €380,662 | €362,156 | -€18,507 | -4.9% |
| Recurring financial charges | 65 | €380,662 | €362,156 | -€18,507 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €423,348 | €110,006 | -€313,341 | -74.0% |
| Income taxes | 67/77 | €95,982 | €32,960 | -€63,022 | -65.7% |
| Profit (loss) for the period | 9904 | €327,365 | €77,046 | -€250,319 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €327,365 | €77,046 | -€250,319 | -76.5% |
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 23 October 2026 via checked.be.