RHODE INVEST: 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.
RHODE INVEST
Largest movements
- Cash -€59,765
down €59,765 (-11.7%), from €511,900 to €452,135
mainly Contributions, distributions and other (-€31,900) and Receivables within one year (-€16,748)
- Reserves -€42,608
down €42,608 (-2.5%), from €1.7m to €1.6m
of which Distributable reserves: -€42,608
- Gross operating margin -€40,150
down €40,150, from €25,963 to -€14,186
- Taxes -€10,587
down €10,587 (-94.3%), from €11,232 to €645
- Other operating charges -€2,339
down €2,339 (-50.7%), from €4,611 to €2,272
- Depreciation +€1,609
up €1,609 (+39.8%), from €4,047 to €5,656
- Financial income -€1,242
down €1,242 (-7.9%), from €15,665 to €14,424
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 | €1,851,913 | €1,796,590 | -€55,323 | -3.0% |
| Fixed assets | 21/28 | €1,047,302 | €1,042,014 | -€5,288 | -0.5% |
| Tangible fixed assets | 22/27 | €7,246 | €1,958 | -€5,288 | -73.0% |
| Plant, machinery and equipment | 23 | €441 | €495 | +€54 | +12.2% |
| Furniture and vehicles | 24 | €6,805 | €1,463 | -€5,341 | -78.5% |
| Financial fixed assets | 28 | €1,040,056 | €1,040,056 | = | 0.0% |
| Current assets | 29/58 | €804,611 | €754,575 | -€50,036 | -6.2% |
| Amounts receivable within one year | 40/41 | €268,013 | €284,761 | +€16,748 | +6.2% |
| Trade receivables | 40 | €3,095 | €12,473 | +€9,377 | +303% |
| Other amounts receivable | 41 | €264,918 | €272,289 | +€7,371 | +2.8% |
| Cash at bank and in hand | 54/58 | €511,900 | €452,135 | -€59,765 | -11.7% |
| Deferred charges and accrued income | 490/1 | €24,698 | €17,679 | -€7,019 | -28.4% |
| Total equity and liabilities | 10/49 | €1,851,913 | €1,796,590 | -€55,323 | -3.0% |
| Equity | 10/15 | €1,744,477 | €1,701,869 | -€42,608 | -2.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,682,504 | €1,639,896 | -€42,608 | -2.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,676,306 | €1,633,699 | -€42,608 | -2.5% |
| Amounts payable | 17/49 | €107,436 | €94,720 | -€12,716 | -11.8% |
| Amounts payable within one year | 42/48 | €107,436 | €94,720 | -€12,716 | -11.8% |
| Financial debts | 43 | €108 | €164 | +€56 | +51.6% |
| Credit institutions | 430/8 | €108 | €164 | +€56 | +51.6% |
| Taxes, remuneration and social security | 45 | €20,232 | €13,511 | -€6,721 | -33.2% |
| Taxes | 450/3 | €20,232 | €13,511 | -€6,721 | -33.2% |
| Other amounts payable | 47/48 | €87,096 | €81,046 | -€6,050 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,047 | €5,656 | +€1,609 | +39.8% |
| Other operating charges | 640/8 | €4,611 | €2,272 | -€2,339 | -50.7% |
| Gross operating margin | 9900 | €25,963 | -€14,186 | -€40,150 | |
| Operating profit (loss) | 9901 | €17,305 | -€22,115 | -€39,420 | |
| Financial income | 75/76B | €15,665 | €14,424 | -€1,242 | -7.9% |
| Recurring financial income | 75 | €15,665 | €14,424 | -€1,242 | -7.9% |
| Financial charges | 65/66B | €2,131 | €2,371 | +€241 | +11.3% |
| Recurring financial charges | 65 | €2,131 | €2,371 | +€241 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €30,840 | -€10,062 | -€40,902 | |
| Income taxes | 67/77 | €11,232 | €645 | -€10,587 | -94.3% |
| Profit (loss) for the period | 9904 | €19,608 | -€10,708 | -€30,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,608 | -€10,708 | -€30,316 |
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 29 October 2026 via checked.be.