RHINOVA: 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.
RHINOVA
Largest movements
- Receivables within one year -€101,158
down €101,158 (-88.8%), from €113,933 to €12,775
of which Trade receivables: -€94,485
- Cash -€21,951
down €21,951 (-99.4%), from €22,073 to €123
mainly Trade debts (-€104,165) and Net result for the year (-€34,906)
- Trade debts -€104,165
down €104,165 (-98.0%), from €106,336 to €2,171
- Profit (loss) carried forward -€34,906
down €34,906, from €17,413 to -€17,493
- Other debts +€14,897
new in 2025: €14,897
- Gross operating margin -€25,901
down €25,901, from €2,999 to -€22,901
- Other operating charges +€10,004
up €10,004 (+2,246%), from €445 to €10,449
- Taxes -€236
down €236 (-100%), from €236 to €0
- Financial charges +€233
up €233 (+46.3%), from €502 to €735
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 | €139,327 | €15,153 | -€124,174 | -89.1% |
| Fixed assets | 21/28 | €3,195 | €2,195 | -€1,000 | -31.3% |
| Tangible fixed assets | 22/27 | €2,945 | €1,945 | -€1,000 | -34.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,945 | €1,945 | -€1,000 | -34.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €136,132 | €12,958 | -€123,174 | -90.5% |
| Amounts receivable within one year | 40/41 | €113,933 | €12,775 | -€101,158 | -88.8% |
| Trade receivables | 40 | €104,484 | €9,999 | -€94,485 | -90.4% |
| Other amounts receivable | 41 | €9,449 | €2,776 | -€6,673 | -70.6% |
| Cash at bank and in hand | 54/58 | €22,073 | €123 | -€21,951 | -99.4% |
| Deferred charges and accrued income | 490/1 | €125 | €60 | -€65 | -51.8% |
| Total equity and liabilities | 10/49 | €139,327 | €15,153 | -€124,174 | -89.1% |
| Equity | 10/15 | €27,413 | -€7,493 | -€34,906 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,413 | -€17,493 | -€34,906 | |
| Amounts payable | 17/49 | €111,914 | €22,646 | -€89,268 | -79.8% |
| Amounts payable within one year | 42/48 | €111,914 | €22,646 | -€89,268 | -79.8% |
| Trade debts | 44 | €106,336 | €2,171 | -€104,165 | -98.0% |
| Suppliers | 440/4 | €106,336 | €2,171 | -€104,165 | -98.0% |
| Advances received on contracts in progress | 46 | €339 | €339 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,239 | €5,239 | = | 0.0% |
| Taxes | 450/3 | €3,838 | €3,838 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,401 | €1,401 | = | 0.0% |
| Other amounts payable | 47/48 | - | €14,897 | +€14,897 | |
| Remuneration, social security and pensions | 62 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | €1,000 | +€73 | +7.8% |
| Other operating charges | 640/8 | €445 | €10,449 | +€10,004 | +2,246% |
| Gross operating margin | 9900 | €2,999 | -€22,901 | -€25,901 | |
| Operating profit (loss) | 9901 | €1,627 | -€34,388 | -€36,015 | |
| Financial income | 75/76B | €0 | €217 | +€217 | +2,166,100% |
| Recurring financial income | 75 | €0 | €217 | +€217 | +2,166,100% |
| Financial charges | 65/66B | €502 | €735 | +€233 | +46.3% |
| Recurring financial charges | 65 | €502 | €735 | +€233 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €1,124 | -€34,906 | -€36,031 | |
| Income taxes | 67/77 | €236 | €0 | -€236 | -100% |
| Profit (loss) for the period | 9904 | €888 | -€34,906 | -€35,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €888 | -€34,906 | -€35,794 |
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 19 October 2026 via checked.be.