RHYNO: 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.
RHYNO
Largest movements
- Cash +€30,895
up €30,895 (+115%), from €26,893 to €57,788
mainly Net result for the year (+€43,184) and Depreciation (+€7,798)
- Current investments +€9,750
new in 2025: €9,750
- Receivables within one year +€6,690
up €6,690 (+50.3%), from €13,310 to €20,000
of which Other amounts receivable: +€20,000
- Tangible fixed assets -€5,661
down €5,661 (-18.5%), from €30,680 to €25,019
- Reserves +€43,184
up €43,184 (+170%), from €25,404 to €68,588
- Debts after one year -€8,643
down €8,643 (-45.3%), from €19,084 to €10,441
- Tax, wage and social debts +€4,030
up €4,030 (+27.7%), from €14,550 to €18,580
- Short-term financial debts +€1,687
new in 2025: €1,687
- Trade debts +€1,519
up €1,519 (+327%), from €465 to €1,984
- Gross operating margin +€23,989
up €23,989 (+57.8%), from €41,513 to €65,502
- Taxes +€4,532
up €4,532 (+58.2%), from €7,786 to €12,318
- Depreciation +€1,036
up €1,036 (+15.3%), from €6,762 to €7,798
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 | €70,884 | €113,058 | +€42,174 | +59.5% |
| Fixed assets | 21/28 | €30,680 | €25,019 | -€5,661 | -18.5% |
| Tangible fixed assets | 22/27 | €30,680 | €25,019 | -€5,661 | -18.5% |
| Furniture and vehicles | 24 | €30,680 | €25,019 | -€5,661 | -18.5% |
| Current assets | 29/58 | €40,203 | €88,038 | +€47,835 | +119% |
| Amounts receivable within one year | 40/41 | €13,310 | €20,000 | +€6,690 | +50.3% |
| Trade receivables | 40 | €13,310 | - | -€13,310 | |
| Other amounts receivable | 41 | - | €20,000 | +€20,000 | |
| Current investments | 50/53 | - | €9,750 | +€9,750 | |
| Cash at bank and in hand | 54/58 | €26,893 | €57,788 | +€30,895 | +115% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €70,884 | €113,058 | +€42,174 | +59.5% |
| Equity | 10/15 | €28,404 | €71,588 | +€43,184 | +152% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,404 | €68,588 | +€43,184 | +170% |
| Distributable reserves | 133 | €25,404 | €68,588 | +€43,184 | +170% |
| Amounts payable | 17/49 | €42,480 | €41,470 | -€1,010 | -2.4% |
| Amounts payable after more than one year | 17 | €19,084 | €10,441 | -€8,643 | -45.3% |
| Financial debts | 170/4 | €19,084 | €10,441 | -€8,643 | -45.3% |
| Amounts payable within one year | 42/48 | €23,396 | €31,029 | +€7,632 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €8,175 | €8,575 | +€400 | +4.9% |
| Financial debts | 43 | - | €1,687 | +€1,687 | |
| Other loans | 439 | - | €1,687 | +€1,687 | |
| Trade debts | 44 | €465 | €1,984 | +€1,519 | +327% |
| Suppliers | 440/4 | €465 | €1,984 | +€1,519 | +327% |
| Taxes, remuneration and social security | 45 | €14,550 | €18,580 | +€4,030 | +27.7% |
| Taxes | 450/3 | €14,550 | €18,580 | +€4,030 | +27.7% |
| Other amounts payable | 47/48 | €206 | €203 | -€3 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,762 | €7,798 | +€1,036 | +15.3% |
| Other operating charges | 640/8 | €407 | €911 | +€504 | +124% |
| Gross operating margin | 9900 | €41,513 | €65,502 | +€23,989 | +57.8% |
| Operating profit (loss) | 9901 | €34,344 | €56,794 | +€22,449 | +65.4% |
| Financial income | 75/76B | €1 | €32 | +€32 | +4,882% |
| Recurring financial income | 75 | €1 | €32 | +€32 | +4,882% |
| Financial charges | 65/66B | €1,155 | €1,324 | +€169 | +14.6% |
| Recurring financial charges | 65 | €1,155 | €1,324 | +€169 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €33,190 | €55,502 | +€22,312 | +67.2% |
| Income taxes | 67/77 | €7,786 | €12,318 | +€4,532 | +58.2% |
| Profit (loss) for the period | 9904 | €25,404 | €43,184 | +€17,781 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,404 | €43,184 | +€17,781 | +70.0% |
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.