RHEINE: 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.
RHEINE
Largest movements
- Cash -€77,309
down €77,309 (-48.2%), from €160,479 to €83,170
mainly Stocks and contracts (-€37,531) and Tax, wage and social debts (-€16,611)
- Stocks and contracts +€37,531
up €37,531 (+26.7%), from €140,416 to €177,947
- Tangible fixed assets -€7,690
down €7,690 (-40.1%), from €19,199 to €11,510
of which Plant, machinery and equipment: -€5,453
- Tax, wage and social debts -€16,611
down €16,611 (-17.2%), from €96,546 to €79,936
of which Taxes: -€20,973
- Other debts -€12,191
down €12,191 (-64.7%), from €18,857 to €6,665
- Reserves -€10,519
down €10,519 (-8.6%), from €122,127 to €111,608
- Trade debts -€8,150
down €8,150 (-11.2%), from €73,008 to €64,859
- Staff costs +€32,182
up €32,182 (+34.4%), from €93,510 to €125,692
- Gross operating margin -€27,053
down €27,053 (-16.6%), from €163,233 to €136,181
- Taxes -€14,758
down €14,758 (-99.1%), from €14,890 to €132
- Other operating charges +€5,457
up €5,457 (+147%), from €3,723 to €9,180
- Depreciation -€1,642
down €1,642 (-19.4%), from €8,475 to €6,832
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 | €346,120 | €299,293 | -€46,827 | -13.5% |
| Fixed assets | 21/28 | €38,699 | €31,010 | -€7,690 | -19.9% |
| Tangible fixed assets | 22/27 | €19,199 | €11,510 | -€7,690 | -40.1% |
| Plant, machinery and equipment | 23 | €13,053 | €7,600 | -€5,453 | -41.8% |
| Furniture and vehicles | 24 | €2,043 | €1,402 | -€641 | -31.4% |
| Other tangible fixed assets | 26 | €4,103 | €2,508 | -€1,595 | -38.9% |
| Financial fixed assets | 28 | €19,500 | €19,500 | = | 0.0% |
| Current assets | 29/58 | €307,421 | €268,283 | -€39,137 | -12.7% |
| Stocks and contracts in progress | 3 | €140,416 | €177,947 | +€37,531 | +26.7% |
| Stocks | 30/36 | €140,416 | €177,947 | +€37,531 | +26.7% |
| Amounts receivable within one year | 40/41 | €6,526 | €5,478 | -€1,048 | -16.1% |
| Trade receivables | 40 | €562 | €610 | +€48 | +8.6% |
| Other amounts receivable | 41 | €5,964 | €4,868 | -€1,096 | -18.4% |
| Cash at bank and in hand | 54/58 | €160,479 | €83,170 | -€77,309 | -48.2% |
| Deferred charges and accrued income | 490/1 | - | €1,689 | +€1,689 | |
| Total equity and liabilities | 10/49 | €346,120 | €299,293 | -€46,827 | -13.5% |
| Equity | 10/15 | €132,127 | €121,608 | -€10,519 | -8.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €122,127 | €111,608 | -€10,519 | -8.6% |
| Distributable reserves | 133 | €122,127 | €111,608 | -€10,519 | -8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €213,993 | €177,685 | -€36,308 | -17.0% |
| Amounts payable within one year | 42/48 | €188,435 | €153,315 | -€35,121 | -18.6% |
| Financial debts | 43 | €24 | €1,855 | +€1,831 | +7,604% |
| Credit institutions | 430/8 | €24 | €1,855 | +€1,831 | +7,604% |
| Trade debts | 44 | €73,008 | €64,859 | -€8,150 | -11.2% |
| Suppliers | 440/4 | €73,008 | €64,859 | -€8,150 | -11.2% |
| Taxes, remuneration and social security | 45 | €96,546 | €79,936 | -€16,611 | -17.2% |
| Taxes | 450/3 | €71,882 | €50,909 | -€20,973 | -29.2% |
| Remuneration and social security | 454/9 | €24,664 | €29,026 | +€4,362 | +17.7% |
| Other amounts payable | 47/48 | €18,857 | €6,665 | -€12,191 | -64.7% |
| Accrued charges and deferred income | 492/3 | €25,558 | €24,370 | -€1,187 | -4.6% |
| Remuneration, social security and pensions | 62 | €93,510 | €125,692 | +€32,182 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,475 | €6,832 | -€1,642 | -19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€849 | €0 | +€849 | |
| Other operating charges | 640/8 | €3,723 | €9,180 | +€5,457 | +147% |
| Non-recurring operating charges | 66A | - | €857 | +€857 | |
| Gross operating margin | 9900 | €163,233 | €136,181 | -€27,053 | -16.6% |
| Operating profit (loss) | 9901 | €58,375 | -€6,381 | -€64,756 | |
| Financial income | 75/76B | €90 | €1,366 | +€1,277 | +1,424% |
| Recurring financial income | 75 | €90 | €1,366 | +€1,277 | +1,424% |
| Financial charges | 65/66B | €6,579 | €5,372 | -€1,206 | -18.3% |
| Recurring financial charges | 65 | €6,579 | €5,372 | -€1,206 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €51,886 | -€10,387 | -€62,273 | |
| Income taxes | 67/77 | €14,890 | €132 | -€14,758 | -99.1% |
| Profit (loss) for the period | 9904 | €36,996 | -€10,519 | -€47,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,996 | -€10,519 | -€47,515 |
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 22 October 2026 via checked.be.