RHINOO: what changed
RHINOO
Largest movements
- Tangible fixed assets +€49,684
up €49,684 (+728%), from €6,829 to €56,513
of which Furniture and vehicles: +€52,271
- Receivables within one year +€3,771
up €3,771 (+32.3%), from €11,682 to €15,453
of which Trade receivables: +€2,041
- Cash -€3,635
down €3,635 (-69.7%), from €5,215 to €1,580
mainly Investment in fixed assets (net) (-€60,775) and Receivables within one year (-€3,771)
- Debts after one year +€38,731
new in 2025: €38,731
- Current portion of long-term debt +€10,392
new in 2025: €10,392
- Other debts +€1,036
up €1,036 (+14.0%), from €7,385 to €8,421
- Depreciation +€4,972
up €4,972 (+81.2%), from €6,119 to €11,091
- Gross operating margin +€2,168
up €2,168 (+18.3%), from €11,847 to €14,014
- Financial charges +€1,318
up €1,318 (+669%), from €197 to €1,516
- Other operating charges -€877
down €877 (-53.4%), from €1,642 to €766
- Staff costs -€231
down €231 (-39.6%), from €584 to €353
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,771 | €73,546 | +€49,775 | +209% |
| Fixed assets | 21/28 | €6,829 | €56,513 | +€49,684 | +728% |
| Tangible fixed assets | 22/27 | €6,829 | €56,513 | +€49,684 | +728% |
| Plant, machinery and equipment | 23 | €6,151 | €3,564 | -€2,587 | -42.1% |
| Furniture and vehicles | 24 | €678 | €52,949 | +€52,271 | +7,707% |
| Current assets | 29/58 | €16,942 | €17,033 | +€91 | +0.5% |
| Amounts receivable within one year | 40/41 | €11,682 | €15,453 | +€3,771 | +32.3% |
| Trade receivables | 40 | €9,089 | €11,129 | +€2,041 | +22.5% |
| Other amounts receivable | 41 | €2,594 | €4,324 | +€1,730 | +66.7% |
| Cash at bank and in hand | 54/58 | €5,215 | €1,580 | -€3,635 | -69.7% |
| Deferred charges and accrued income | 490/1 | €45 | - | -€45 | |
| Total equity and liabilities | 10/49 | €23,771 | €73,546 | +€49,775 | +209% |
| Equity | 10/15 | €14,922 | €15,166 | +€245 | +1.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,922 | €9,922 | = | 0.0% |
| Distributable reserves | 133 | €9,922 | €9,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €245 | +€245 | |
| Amounts payable | 17/49 | €8,850 | €58,380 | +€49,530 | +560% |
| Amounts payable after more than one year | 17 | - | €38,731 | +€38,731 | |
| Financial debts | 170/4 | - | €38,731 | +€38,731 | |
| Amounts payable within one year | 42/48 | €8,850 | €19,649 | +€10,799 | +122% |
| Current portion of amounts payable after more than one year | 42 | - | €10,392 | +€10,392 | |
| Trade debts | 44 | €873 | €509 | -€364 | -41.7% |
| Suppliers | 440/4 | €873 | €509 | -€364 | -41.7% |
| Taxes, remuneration and social security | 45 | €592 | €327 | -€265 | -44.8% |
| Taxes | 450/3 | €592 | €327 | -€265 | -44.8% |
| Other amounts payable | 47/48 | €7,385 | €8,421 | +€1,036 | +14.0% |
| Remuneration, social security and pensions | 62 | €584 | €353 | -€231 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,119 | €11,091 | +€4,972 | +81.2% |
| Other operating charges | 640/8 | €1,642 | €766 | -€877 | -53.4% |
| Gross operating margin | 9900 | €11,847 | €14,014 | +€2,168 | +18.3% |
| Operating profit (loss) | 9901 | €3,501 | €1,805 | -€1,696 | -48.4% |
| Financial charges | 65/66B | €197 | €1,516 | +€1,318 | +669% |
| Recurring financial charges | 65 | €197 | €1,516 | +€1,318 | +669% |
| Profit (loss) for the period before taxes | 9903 | €3,304 | €290 | -€3,014 | -91.2% |
| Profit (loss) for the period | 9904 | €3,304 | €290 | -€3,014 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,304 | €290 | -€3,014 | -91.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.