RHINOFEROS: 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.
RHINOFEROS
Largest movements
- Receivables within one year +€93,121
up €93,121 (+201%), from €46,376 to €139,497
- Tangible fixed assets -€71,261
down €71,261 (-8.6%), from €832,296 to €761,035
- Deferred charges and accrued income +€39,181
up €39,181 (+57.3%), from €68,430 to €107,610
- Cash +€30,573
up €30,573 (+12.6%), from €242,785 to €273,359
mainly Net result for the year (+€169,634) and Depreciation (+€80,175)
- Reserves +€169,634
up €169,634 (+50.4%), from €336,698 to €506,333
of which Distributable reserves: +€169,634
- Debts after one year -€83,160
down €83,160 (-12.1%), from €690,120 to €606,960
- Gross operating margin +€24,720
up €24,720 (+8.0%), from €308,575 to €333,295
- Taxes +€7,362
up €7,362 (+16.1%), from €45,608 to €52,970
- Financial income +€6,645
up €6,645 (+472%), from €1,408 to €8,053
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 | €1,189,886 | €1,281,500 | +€91,614 | +7.7% |
| Fixed assets | 21/28 | €832,296 | €761,035 | -€71,261 | -8.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €832,296 | €761,035 | -€71,261 | -8.6% |
| Land and buildings | 22 | €638,827 | €610,577 | -€28,250 | -4.4% |
| Plant, machinery and equipment | 23 | €2,623 | €2,343 | -€280 | -10.7% |
| Furniture and vehicles | 24 | €56,953 | €41,127 | -€15,826 | -27.8% |
| Other tangible fixed assets | 26 | €133,892 | €106,988 | -€26,905 | -20.1% |
| Current assets | 29/58 | €357,590 | €520,466 | +€162,875 | +45.5% |
| Amounts receivable within one year | 40/41 | €46,376 | €139,497 | +€93,121 | +201% |
| Other amounts receivable | 41 | €46,376 | €139,497 | +€93,121 | +201% |
| Cash at bank and in hand | 54/58 | €242,785 | €273,359 | +€30,573 | +12.6% |
| Deferred charges and accrued income | 490/1 | €68,430 | €107,610 | +€39,181 | +57.3% |
| Total equity and liabilities | 10/49 | €1,189,886 | €1,281,500 | +€91,614 | +7.7% |
| Equity | 10/15 | €386,298 | €555,933 | +€169,634 | +43.9% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €336,698 | €506,333 | +€169,634 | +50.4% |
| Non-distributable reserves | 130/1 | €5,580 | €5,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,580 | €5,580 | = | 0.0% |
| Distributable reserves | 133 | €331,118 | €500,753 | +€169,634 | +51.2% |
| Amounts payable | 17/49 | €803,588 | €725,568 | -€78,020 | -9.7% |
| Amounts payable after more than one year | 17 | €690,120 | €606,960 | -€83,160 | -12.1% |
| Financial debts | 170/4 | €690,120 | €606,960 | -€83,160 | -12.1% |
| Amounts payable within one year | 42/48 | €113,468 | €118,608 | +€5,140 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €96,299 | €100,463 | +€4,164 | +4.3% |
| Trade debts | 44 | €4,028 | €3,058 | -€970 | -24.1% |
| Suppliers | 440/4 | €4,028 | €3,058 | -€970 | -24.1% |
| Taxes, remuneration and social security | 45 | €13,142 | €15,088 | +€1,946 | +14.8% |
| Taxes | 450/3 | €13,142 | €15,088 | +€1,946 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,860 | €80,175 | +€3,315 | +4.3% |
| Other operating charges | 640/8 | €2,691 | €5,650 | +€2,958 | +110% |
| Gross operating margin | 9900 | €308,575 | €333,295 | +€24,720 | +8.0% |
| Operating profit (loss) | 9901 | €229,024 | €247,470 | +€18,447 | +8.1% |
| Financial income | 75/76B | €1,408 | €8,053 | +€6,645 | +472% |
| Recurring financial income | 75 | €1,408 | €8,053 | +€6,645 | +472% |
| Financial charges | 65/66B | €34,754 | €32,919 | -€1,835 | -5.3% |
| Recurring financial charges | 65 | €34,754 | €32,431 | -€2,323 | -6.7% |
| Non-recurring financial charges | 66B | - | €488 | +€488 | |
| Profit (loss) for the period before taxes | 9903 | €195,677 | €222,604 | +€26,927 | +13.8% |
| Income taxes | 67/77 | €45,608 | €52,970 | +€7,362 | +16.1% |
| Profit (loss) for the period | 9904 | €150,069 | €169,634 | +€19,565 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €150,069 | €169,634 | +€19,565 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.