RHINO & CO: 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.
RHINO & CO
Largest movements
- Cash -€50,535
down €50,535 (-91.1%), from €55,501 to €4,966
mainly Net result for the year (-€75,570) and Tax, wage and social debts (-€18,581)
- Receivables within one year -€34,170
down €34,170 (-94.1%), from €36,315 to €2,145
of which Trade receivables: -€34,545
- Profit (loss) carried forward -€75,570
down €75,570, from €49,841 to -€25,730
- Tax, wage and social debts -€18,581
no longer reported in 2025 (was €18,581)
- Current portion of long-term debt +€9,187
new in 2025: €9,187
- Other debts -€5,543
down €5,543 (-38.9%), from €14,248 to €8,705
- Trade debts +€4,566
up €4,566 (+51.4%), from €8,879 to €13,444
- Gross operating margin -€113,942
down €113,942, from €42,142 to -€71,800
- Taxes -€6,446
down €6,446 (-75.0%), from €8,595 to €2,149
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 | €95,580 | €9,654 | -€85,926 | -89.9% |
| Formation expenses | 20 | €441 | €290 | -€151 | -34.2% |
| Fixed assets | 21/28 | €2,771 | €1,553 | -€1,218 | -43.9% |
| Tangible fixed assets | 22/27 | €2,441 | €1,553 | -€888 | -36.4% |
| Furniture and vehicles | 24 | €2,441 | €1,553 | -€888 | -36.4% |
| Financial fixed assets | 28 | €330 | - | -€330 | |
| Current assets | 29/58 | €92,368 | €7,810 | -€84,558 | -91.5% |
| Amounts receivable within one year | 40/41 | €36,315 | €2,145 | -€34,170 | -94.1% |
| Trade receivables | 40 | €36,315 | €1,770 | -€34,545 | -95.1% |
| Other amounts receivable | 41 | - | €375 | +€375 | |
| Cash at bank and in hand | 54/58 | €55,501 | €4,966 | -€50,535 | -91.1% |
| Deferred charges and accrued income | 490/1 | €552 | €699 | +€147 | +26.6% |
| Total equity and liabilities | 10/49 | €95,580 | €9,654 | -€85,926 | -89.9% |
| Equity | 10/15 | €53,841 | -€21,730 | -€75,570 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,841 | -€25,730 | -€75,570 | |
| Amounts payable | 17/49 | €41,739 | €31,383 | -€10,356 | -24.8% |
| Amounts payable within one year | 42/48 | €41,707 | €31,335 | -€10,372 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,187 | +€9,187 | |
| Trade debts | 44 | €8,879 | €13,444 | +€4,566 | +51.4% |
| Suppliers | 440/4 | €8,879 | €13,444 | +€4,566 | +51.4% |
| Taxes, remuneration and social security | 45 | €18,581 | - | -€18,581 | |
| Taxes | 450/3 | €18,581 | - | -€18,581 | |
| Other amounts payable | 47/48 | €14,248 | €8,705 | -€5,543 | -38.9% |
| Accrued charges and deferred income | 492/3 | €32 | €48 | +€16 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373 | €1,038 | +€665 | +178% |
| Other operating charges | 640/8 | €46 | €46 | = | 0.0% |
| Gross operating margin | 9900 | €42,142 | -€71,800 | -€113,942 | |
| Operating profit (loss) | 9901 | €41,723 | -€72,884 | -€114,607 | |
| Financial income | 75/76B | €8 | €42 | +€34 | +410% |
| Recurring financial income | 75 | €8 | €42 | +€34 | +410% |
| Financial charges | 65/66B | €58 | €580 | +€522 | +897% |
| Recurring financial charges | 65 | €58 | €580 | +€522 | +897% |
| Profit (loss) for the period before taxes | 9903 | €41,673 | -€73,422 | -€115,094 | |
| Income taxes | 67/77 | €8,595 | €2,149 | -€6,446 | -75.0% |
| Profit (loss) for the period | 9904 | €33,078 | -€75,570 | -€108,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,078 | -€75,570 | -€108,648 |
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 24 October 2026 via checked.be.