RINA B&S: 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.
RINA B&S
Largest movements
- Receivables within one year +€20,194
up €20,194 (+40.8%), from €49,441 to €69,635
of which Trade receivables: +€29,873
- Tangible fixed assets -€12,467
down €12,467 (-31.4%), from €39,731 to €27,264
of which Plant, machinery and equipment: -€8,579
- Stocks and contracts -€9,212
down €9,212 (-18.8%), from €49,115 to €39,903
- Cash -€8,795
down €8,795 (-95.6%), from €9,197 to €402
mainly Other debts (-€88,221) and Receivables within one year (-€20,194)
- Deferred charges and accrued income +€1,538
up €1,538 (+1,690%), from €91 to €1,629
- Other debts -€88,221
no longer reported in 2025 (was €88,221)
- Profit (loss) carried forward +€53,523
up €53,523, from -€13,581 to €39,942
- Trade debts +€32,107
up €32,107 (+70.2%), from €45,733 to €77,840
of which Bills of exchange payable: +€25,587
- Tax, wage and social debts -€6,151
down €6,151 (-69.3%), from €8,874 to €2,723
of which Taxes: -€8,656
- Gross operating margin +€36,903
up €36,903 (+58.2%), from €63,388 to €100,291
- Staff costs +€27,203
up €27,203 (+565%), from €4,816 to €32,019
- Depreciation +€6,318
up €6,318 (+103%), from €6,149 to €12,467
- Other operating charges -€1,516
down €1,516 (-47.1%), from €3,218 to €1,702
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 | €147,847 | €139,105 | -€8,742 | -5.9% |
| Fixed assets | 21/28 | €40,003 | €27,536 | -€12,467 | -31.2% |
| Tangible fixed assets | 22/27 | €39,731 | €27,264 | -€12,467 | -31.4% |
| Plant, machinery and equipment | 23 | €29,374 | €20,795 | -€8,579 | -29.2% |
| Furniture and vehicles | 24 | €10,357 | €6,469 | -€3,888 | -37.5% |
| Financial fixed assets | 28 | €272 | €272 | = | 0.0% |
| Current assets | 29/58 | €107,844 | €111,569 | +€3,725 | +3.5% |
| Stocks and contracts in progress | 3 | €49,115 | €39,903 | -€9,212 | -18.8% |
| Stocks | 30/36 | €49,115 | €39,903 | -€9,212 | -18.8% |
| Amounts receivable within one year | 40/41 | €49,441 | €69,635 | +€20,194 | +40.8% |
| Trade receivables | 40 | €39,762 | €69,635 | +€29,873 | +75.1% |
| Other amounts receivable | 41 | €9,679 | - | -€9,679 | |
| Cash at bank and in hand | 54/58 | €9,197 | €402 | -€8,795 | -95.6% |
| Deferred charges and accrued income | 490/1 | €91 | €1,629 | +€1,538 | +1,690% |
| Total equity and liabilities | 10/49 | €147,847 | €139,105 | -€8,742 | -5.9% |
| Equity | 10/15 | €5,019 | €58,542 | +€53,523 | +1,066% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,581 | €39,942 | +€53,523 | |
| Amounts payable | 17/49 | €142,828 | €80,563 | -€62,265 | -43.6% |
| Amounts payable within one year | 42/48 | €142,828 | €80,563 | -€62,265 | -43.6% |
| Trade debts | 44 | €45,733 | €77,840 | +€32,107 | +70.2% |
| Suppliers | 440/4 | €45,733 | €52,253 | +€6,520 | +14.3% |
| Bills of exchange payable | 441 | - | €25,587 | +€25,587 | |
| Taxes, remuneration and social security | 45 | €8,874 | €2,723 | -€6,151 | -69.3% |
| Taxes | 450/3 | €8,656 | - | -€8,656 | |
| Remuneration and social security | 454/9 | €218 | €2,723 | +€2,505 | +1,149% |
| Other amounts payable | 47/48 | €88,221 | - | -€88,221 | |
| Remuneration, social security and pensions | 62 | €4,816 | €32,019 | +€27,203 | +565% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,149 | €12,467 | +€6,318 | +103% |
| Other operating charges | 640/8 | €3,218 | €1,702 | -€1,516 | -47.1% |
| Gross operating margin | 9900 | €63,388 | €100,291 | +€36,903 | +58.2% |
| Operating profit (loss) | 9901 | €49,205 | €54,103 | +€4,898 | +10.0% |
| Financial charges | 65/66B | €741 | €580 | -€161 | -21.7% |
| Recurring financial charges | 65 | €741 | €580 | -€161 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €48,464 | €53,523 | +€5,059 | +10.4% |
| Profit (loss) for the period | 9904 | €48,464 | €53,523 | +€5,059 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,464 | €53,523 | +€5,059 | +10.4% |
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 27 October 2026 via checked.be.