Rhizome Network: 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 Network
Largest movements
- Deferred charges and accrued income -€1.1m
down €1.1m (-44.8%), from €2.6m to €1.4m
- Cash -€1.1m
down €1.1m (-83.6%), from €1.3m to €205,998
mainly Trade debts (-€920,935) and Receivables within one year (-€918,099)
- Receivables within one year +€918,099
up €918,099 (+82.7%), from €1.1m to €2.0m
of which Trade receivables: +€926,972
- Current investments +€885,230
new in 2025: €885,230
- Intangible fixed assets -€108,083
down €108,083 (-13.6%), from €793,837 to €685,753
- Trade debts -€920,935
down €920,935 (-41.7%), from €2.2m to €1.3m
- Profit (loss) carried forward +€368,585
up €368,585 (+85.7%), from €430,004 to €798,588
- Debts after one year -€113,004
down €113,004 (-20.6%), from €549,484 to €436,480
- Reserves +€84,200
up €84,200 (+80.0%), from €105,250 to €189,450
- Tax, wage and social debts +€74,550
up €74,550 (+99.1%), from €75,211 to €149,761
of which Taxes: +€68,811
- Gross operating margin +€172,977
up €172,977 (+19.6%), from €880,353 to €1.1m
- Taxes +€47,463
up €47,463 (+43.1%), from €110,000 to €157,463
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 | €5,721,783 | €5,218,179 | -€503,604 | -8.8% |
| Fixed assets | 21/28 | €797,089 | €689,083 | -€108,006 | -13.6% |
| Intangible fixed assets | 21 | €793,837 | €685,753 | -€108,083 | -13.6% |
| Tangible fixed assets | 22/27 | €3,252 | €3,329 | +€78 | +2.4% |
| Furniture and vehicles | 24 | €3,252 | €3,329 | +€78 | +2.4% |
| Current assets | 29/58 | €4,924,695 | €4,529,097 | -€395,598 | -8.0% |
| Amounts receivable within one year | 40/41 | €1,110,118 | €2,028,216 | +€918,099 | +82.7% |
| Trade receivables | 40 | €1,101,245 | €2,028,216 | +€926,972 | +84.2% |
| Other amounts receivable | 41 | €8,873 | - | -€8,873 | |
| Current investments | 50/53 | - | €885,230 | +€885,230 | |
| Cash at bank and in hand | 54/58 | €1,259,153 | €205,998 | -€1.1m | -83.6% |
| Deferred charges and accrued income | 490/1 | €2,555,424 | €1,409,652 | -€1.1m | -44.8% |
| Total equity and liabilities | 10/49 | €5,721,783 | €5,218,179 | -€503,604 | -8.8% |
| Equity | 10/15 | €685,254 | €1,138,038 | +€452,785 | +66.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €105,250 | €189,450 | +€84,200 | +80.0% |
| Tax-exempt reserves | 132 | €105,250 | €189,450 | +€84,200 | +80.0% |
| Profit (loss) carried forward | 14 | €430,004 | €798,588 | +€368,585 | +85.7% |
| Amounts payable | 17/49 | €5,036,530 | €4,080,141 | -€956,389 | -19.0% |
| Amounts payable after more than one year | 17 | €549,484 | €436,480 | -€113,004 | -20.6% |
| Financial debts | 170/4 | €549,484 | €436,480 | -€113,004 | -20.6% |
| Amounts payable within one year | 42/48 | €2,392,696 | €1,549,821 | -€842,875 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €109,494 | €113,004 | +€3,510 | +3.2% |
| Trade debts | 44 | €2,207,990 | €1,287,056 | -€920,935 | -41.7% |
| Suppliers | 440/4 | €2,207,990 | €1,287,056 | -€920,935 | -41.7% |
| Taxes, remuneration and social security | 45 | €75,211 | €149,761 | +€74,550 | +99.1% |
| Taxes | 450/3 | €30,958 | €99,769 | +€68,811 | +222.3% |
| Remuneration and social security | 454/9 | €44,253 | €49,992 | +€5,739 | +13.0% |
| Accrued charges and deferred income | 492/3 | €2,094,350 | €2,093,840 | -€510 | 0.0% |
| Remuneration, social security and pensions | 62 | €313,546 | €314,056 | +€510 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,909 | €110,259 | +€4,350 | +4.1% |
| Other operating charges | 640/8 | - | €534 | +€534 | |
| Gross operating margin | 9900 | €880,353 | €1,053,331 | +€172,977 | +19.6% |
| Operating profit (loss) | 9901 | €460,898 | €628,482 | +€167,584 | +36.4% |
| Financial income | 75/76B | €325 | €8,406 | +€8,080 | +2483.9% |
| Recurring financial income | 75 | €325 | €8,406 | +€8,080 | +2483.9% |
| Financial charges | 65/66B | €25,452 | €26,640 | +€1,188 | +4.7% |
| Recurring financial charges | 65 | €25,452 | €26,640 | +€1,188 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €435,772 | €610,248 | +€174,476 | +40.0% |
| Income taxes | 67/77 | €110,000 | €157,463 | +€47,463 | +43.1% |
| Profit (loss) for the period | 9904 | €325,772 | €452,785 | +€127,012 | +39.0% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €84,200 | -€21,050 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €220,522 | €368,585 | +€148,062 | +67.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.