RHIZOME: what changed
Two fiscal 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.
RHIZOME
Largest movements
- Current investments +€49,200
up €49,200 (+17.6%), from €280,000 to €329,200
- Cash -€27,673
down €27,673 (-48.2%), from €57,409 to €29,736
mainly Investment in fixed assets (net) (-€51,000) and Current investments (-€49,200)
- Receivables within one year -€16,041
down €16,041 (-15.8%), from €101,709 to €85,668
- Profit (loss) carried forward +€112,177
up €112,177 (+11.7%), from €955,593 to €1.1m
- Other debts -€35,629
down €35,629 (-47.5%), from €75,005 to €39,375
- Debts after one year -€30,251
down €30,251 (-22.3%), from €135,430 to €105,179
- Current portion of long-term debt -€25,112
down €25,112 (-45.4%), from €55,363 to €30,251
- Tax, wage and social debts -€15,037
down €15,037 (-34.0%), from €44,202 to €29,164
- Gross operating margin +€18,729
up €18,729 (+9.7%), from €194,006 to €212,735
- Financial income +€9,468
up €9,468 (+580.0%), from €1,632 to €11,100
- Taxes +€6,011
up €6,011 (+20.2%), from €29,754 to €35,766
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.
Cash bridge derived
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 | €1,379,535 | €1,373,082 | -€6,453 | -0.5% |
| Fixed assets | 21/28 | €939,349 | €927,144 | -€12,206 | -1.3% |
| Tangible fixed assets | 22/27 | €939,287 | €927,082 | -€12,206 | -1.3% |
| Land and buildings | 22 | €851,040 | €801,236 | -€49,804 | -5.9% |
| Plant, machinery and equipment | 23 | €7,524 | €6,436 | -€1,088 | -14.5% |
| Furniture and vehicles | 24 | €28,561 | €35,748 | +€7,187 | +25.2% |
| Other tangible fixed assets | 26 | €34,663 | €66,163 | +€31,500 | +90.9% |
| Assets under construction and advance payments | 27 | €17,500 | €17,500 | = | 0.0% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €440,186 | €445,938 | +€5,753 | +1.3% |
| Amounts receivable within one year | 40/41 | €101,709 | €85,668 | -€16,041 | -15.8% |
| Trade receivables | 40 | €101,709 | €85,668 | -€16,041 | -15.8% |
| Current investments | 50/53 | €280,000 | €329,200 | +€49,200 | +17.6% |
| Cash at bank and in hand | 54/58 | €57,409 | €29,736 | -€27,673 | -48.2% |
| Deferred charges and accrued income | 490/1 | €1,068 | €1,334 | +€267 | +25.0% |
| Total equity and liabilities | 10/49 | €1,379,535 | €1,373,082 | -€6,453 | -0.5% |
| Equity | 10/15 | €1,046,820 | €1,158,996 | +€112,177 | +10.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €29,227 | €29,227 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,027 | €23,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | €955,593 | €1,067,770 | +€112,177 | +11.7% |
| Amounts payable | 17/49 | €332,715 | €214,086 | -€118,630 | -35.7% |
| Amounts payable after more than one year | 17 | €135,430 | €105,179 | -€30,251 | -22.3% |
| Financial debts | 170/4 | €135,430 | €105,179 | -€30,251 | -22.3% |
| Amounts payable within one year | 42/48 | €197,286 | €108,907 | -€88,379 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €55,363 | €30,251 | -€25,112 | -45.4% |
| Trade debts | 44 | €22,717 | €10,117 | -€12,600 | -55.5% |
| Suppliers | 440/4 | €22,717 | €10,117 | -€12,600 | -55.5% |
| Taxes, remuneration and social security | 45 | €44,202 | €29,164 | -€15,037 | -34.0% |
| Taxes | 450/3 | €44,202 | €29,164 | -€15,037 | -34.0% |
| Other amounts payable | 47/48 | €75,005 | €39,375 | -€35,629 | -47.5% |
| Remuneration, social security and pensions | 62 | €369 | -€87 | -€457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,254 | €63,206 | +€1,951 | +3.2% |
| Other operating charges | 640/8 | €5,389 | €5,640 | +€251 | +4.7% |
| Gross operating margin | 9900 | €194,006 | €212,735 | +€18,729 | +9.7% |
| Operating profit (loss) | 9901 | €126,993 | €143,977 | +€16,984 | +13.4% |
| Financial income | 75/76B | €1,632 | €11,100 | +€9,468 | +580.0% |
| Recurring financial income | 75 | €1,632 | €11,100 | +€9,468 | +580.0% |
| Financial charges | 65/66B | €6,976 | €7,134 | +€158 | +2.3% |
| Recurring financial charges | 65 | €6,976 | €7,134 | +€158 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €121,649 | €147,942 | +€26,293 | +21.6% |
| Income taxes | 67/77 | €29,754 | €35,766 | +€6,011 | +20.2% |
| Profit (loss) for the period | 9904 | €91,895 | €112,177 | +€20,282 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,895 | €112,177 | +€20,282 | +22.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.