RINALDI: 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.
RINALDI
Largest movements
- Cash +€19,037
up €19,037 (+26.0%), from €73,177 to €92,213
mainly Net result for the year (+€31,470) and Depreciation (+€7,243)
- Deferred charges and accrued income +€7,333
up €7,333 (+1569.9%), from €467 to €7,800
- Tangible fixed assets -€7,243
down €7,243 (-4.8%), from €151,136 to €143,893
- Profit (loss) carried forward +€31,470
up €31,470 (+79.6%), from €39,547 to €71,017
- Debts after one year -€12,380
down €12,380 (-19.4%), from €63,669 to €51,289
of which Financial debts: -€12,380
- Gross operating margin +€15,070
up €15,070 (+37.9%), from €39,804 to €54,874
- Taxes +€5,169
up €5,169 (+82.2%), from €6,287 to €11,456
- Financial charges -€3,841
down €3,841 (-81.0%), from €4,742 to €900
- Financial income -€3,023
down €3,023 (-99.6%), from €3,034 to €11
- Other operating charges -€2,425
down €2,425 (-38.9%), from €6,241 to €3,816
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 | €225,090 | €244,216 | +€19,127 | +8.5% |
| Fixed assets | 21/28 | €151,446 | €144,203 | -€7,243 | -4.8% |
| Tangible fixed assets | 22/27 | €151,136 | €143,893 | -€7,243 | -4.8% |
| Land and buildings | 22 | €151,136 | €143,893 | -€7,243 | -4.8% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €73,644 | €100,013 | +€26,370 | +35.8% |
| Cash at bank and in hand | 54/58 | €73,177 | €92,213 | +€19,037 | +26.0% |
| Deferred charges and accrued income | 490/1 | €467 | €7,800 | +€7,333 | +1569.9% |
| Total equity and liabilities | 10/49 | €225,090 | €244,216 | +€19,127 | +8.5% |
| Equity | 10/15 | €133,400 | €164,871 | +€31,470 | +23.6% |
| Contributions | 10/11 | €90,755 | €90,755 | = | 0.0% |
| Capital | 10 | €90,755 | €90,755 | = | 0.0% |
| Issued capital | 100 | €90,755 | €90,755 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,547 | €71,017 | +€31,470 | +79.6% |
| Amounts payable | 17/49 | €91,689 | €79,346 | -€12,344 | -13.5% |
| Amounts payable after more than one year | 17 | €63,669 | €51,289 | -€12,380 | -19.4% |
| Financial debts | 170/4 | €62,169 | €49,789 | -€12,380 | -19.9% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,020 | €28,056 | +€36 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €12,610 | €12,380 | -€231 | -1.8% |
| Trade debts | 44 | €2,288 | €1,981 | -€307 | -13.4% |
| Suppliers | 440/4 | €2,288 | €1,981 | -€307 | -13.4% |
| Taxes, remuneration and social security | 45 | €10,440 | €11,456 | +€1,016 | +9.7% |
| Taxes | 450/3 | €10,440 | €11,456 | +€1,016 | +9.7% |
| Other amounts payable | 47/48 | €2,681 | €2,239 | -€442 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,367 | €7,243 | -€2,124 | -22.7% |
| Other operating charges | 640/8 | €6,241 | €3,816 | -€2,425 | -38.9% |
| Gross operating margin | 9900 | €39,804 | €54,874 | +€15,070 | +37.9% |
| Operating profit (loss) | 9901 | €24,196 | €43,815 | +€19,619 | +81.1% |
| Financial income | 75/76B | €3,034 | €11 | -€3,023 | -99.6% |
| Recurring financial income | 75 | €3,034 | €11 | -€3,023 | -99.6% |
| Financial charges | 65/66B | €4,742 | €900 | -€3,841 | -81.0% |
| Recurring financial charges | 65 | €4,742 | €900 | -€3,841 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €22,488 | €42,926 | +€20,438 | +90.9% |
| Income taxes | 67/77 | €6,287 | €11,456 | +€5,169 | +82.2% |
| Profit (loss) for the period | 9904 | €16,201 | €31,470 | +€15,269 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,201 | €31,470 | +€15,269 | +94.2% |
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 10 October 2026 via checked.be.