RHONESCO: 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.
What changed
RHONESCO
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€11,324
2024 · €41,910-€53,234
Equity
€2.0m
2024 · €2.1m-€51,556
Cash
€33,725
2024 · €52,584-€18,859
Balance sheet total
€2.6m
2024 · €2.1m+€488,976
Largest movements
Assets
- Tangible fixed assets +€472,807
up €472,807 (+86.5%), from €546,317 to €1.0m
of which Land and buildings: +€468,498
Equity and liabilities
- Debts after one year +€550,000
new in 2025: €550,000
- Profit (loss) carried forward -€51,556
down €51,556 (-93.1%), from €55,355 to €3,799
Income statement
- Financial charges +€66,574
up €66,574 (+12729.3%), from €523 to €67,097
of which Non-recurring financial charges: +€63,085
- Depreciation -€25,127
down €25,127 (-47.6%), from €52,752 to €27,625
- Gross operating margin -€22,354
down €22,354 (-19.4%), from €115,522 to €93,168
- Purchases and services +€17,621
up €17,621 (+27.6%), from €63,897 to €81,518
- Taxes -€14,797
down €14,797, from €14,477 to -€320
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.
Result 2024
€41,910
Gross operating margin
-€22,354
Depreciation
+€25,127
Other operating charges
-€4,693
Financial income
+€463
Financial charges
-€66,574
Taxes
+€14,797
Result 2025
-€11,324
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.
From operations
-€28,195
Investment
-€500,432
Financing
+€509,768
Cash 2024
€52,584
From operations (derived)
-€28,195
Net result for the year
-€11,324
Depreciation
+€27,625
Stocks and contracts
-€11,466
Receivables within one year
-€23,838
Deferred charges and accrued income
+€276
Trade debts
-€3,488
Tax, wage and social debts
-€1,472
Accrued charges and deferred income
-€4,508
Investment (derived)
-€500,432
Investment in fixed assets (net)
-€500,432
Financing
+€509,768
Debts after one year
+€550,000
Contributions, distributions and other
-€40,232
Cash 2025
€33,725
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,105,703 | €2,594,679 | +€488,976 | +23.2% |
| Fixed assets | 21/28 | €546,617 | €1,019,424 | +€472,807 | +86.5% |
| Tangible fixed assets | 22/27 | €546,317 | €1,019,124 | +€472,807 | +86.5% |
| Land and buildings | 22 | €502,187 | €970,685 | +€468,498 | +93.3% |
| Plant, machinery and equipment | 23 | €22,941 | €27,250 | +€4,309 | +18.8% |
| Furniture and vehicles | 24 | €21,189 | €21,189 | = | 0.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,559,086 | €1,575,255 | +€16,169 | +1.0% |
| Stocks and contracts in progress | 3 | €1,032,475 | €1,043,941 | +€11,466 | +1.1% |
| Stocks | 30/36 | €1,032,475 | €1,043,941 | +€11,466 | +1.1% |
| Amounts receivable within one year | 40/41 | €473,630 | €497,468 | +€23,838 | +5.0% |
| Trade receivables | 40 | €31,197 | €30,904 | -€293 | -0.9% |
| Other amounts receivable | 41 | €442,433 | €466,564 | +€24,131 | +5.5% |
| Cash at bank and in hand | 54/58 | €52,584 | €33,725 | -€18,859 | -35.9% |
| Deferred charges and accrued income | 490/1 | €397 | €121 | -€276 | -69.5% |
| Total equity and liabilities | 10/49 | €2,105,703 | €2,594,679 | +€488,976 | +23.2% |
| Equity | 10/15 | €2,093,005 | €2,041,449 | -€51,556 | -2.5% |
| Contributions | 10/11 | €1,989,346 | €1,989,346 | = | 0.0% |
| Capital | 10 | €1,989,346 | €1,989,346 | = | 0.0% |
| Issued capital | 100 | €1,989,346 | €1,989,346 | = | 0.0% |
| Reserves | 13 | €48,304 | €48,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48,304 | €48,304 | = | 0.0% |
| Legal reserve | 130 | €48,304 | €48,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,355 | €3,799 | -€51,556 | -93.1% |
| Amounts payable | 17/49 | €12,698 | €553,230 | +€540,532 | +4256.8% |
| Amounts payable after more than one year | 17 | - | €550,000 | +€550,000 | |
| Financial debts | 170/4 | - | €550,000 | +€550,000 | |
| Amounts payable within one year | 42/48 | €6,763 | €1,803 | -€4,960 | -73.3% |
| Trade debts | 44 | €5,263 | €1,775 | -€3,488 | -66.3% |
| Suppliers | 440/4 | €5,263 | €1,775 | -€3,488 | -66.3% |
| Taxes, remuneration and social security | 45 | €1,500 | €28 | -€1,472 | -98.1% |
| Taxes | 450/3 | €1,500 | €28 | -€1,472 | -98.1% |
| Accrued charges and deferred income | 492/3 | €5,935 | €1,427 | -€4,508 | -76.0% |
| Turnover | 70 | €179,419 | €174,686 | -€4,733 | -2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €63,897 | €81,518 | +€17,621 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,752 | €27,625 | -€25,127 | -47.6% |
| Other operating charges | 640/8 | €19,877 | €24,570 | +€4,693 | +23.6% |
| Gross operating margin | 9900 | €115,522 | €93,168 | -€22,354 | -19.4% |
| Operating profit (loss) | 9901 | €42,893 | €40,973 | -€1,920 | -4.5% |
| Financial income | 75/76B | €14,017 | €14,480 | +€463 | +3.3% |
| Recurring financial income | 75 | €13,317 | €14,480 | +€1,163 | +8.7% |
| Non-recurring financial income | 76B | €700 | - | -€700 | |
| Financial charges | 65/66B | €523 | €67,097 | +€66,574 | +12729.3% |
| Recurring financial charges | 65 | €523 | €4,012 | +€3,489 | +667.1% |
| Non-recurring financial charges | 66B | - | €63,085 | +€63,085 | |
| Profit (loss) for the period before taxes | 9903 | €56,387 | -€11,644 | -€68,031 | |
| Income taxes | 67/77 | €14,477 | -€320 | -€14,797 | |
| Profit (loss) for the period | 9904 | €41,910 | -€11,324 | -€53,234 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,910 | -€11,324 | -€53,234 |
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 8 October 2026 via checked.be.