RINALDO: 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.
RINALDO
Largest movements
- Receivables within one year +€8,417
up €8,417 (+41.0%), from €20,553 to €28,970
of which Trade receivables: +€9,416
- Cash +€3,756
up €3,756 (+43.9%), from €8,555 to €12,311
mainly Tax, wage and social debts (+€8,264) and Trade debts (+€2,581)
- Tax, wage and social debts +€8,264
up €8,264 (+413.2%), from €2,000 to €10,264
- Trade debts +€2,581
up €2,581 (+84.2%), from €3,065 to €5,646
- Profit (loss) carried forward +€2,431
up €2,431 (+7.5%), from -€32,484 to -€30,053
- Other debts -€2,250
down €2,250 (-15.6%), from €14,387 to €12,137
- Gross operating margin +€784
up €784 (+29.5%), from €2,653 to €3,437
- Depreciation -€731
down €731 (-71.6%), from €1,020 to €289
- Financial charges -€82
down €82 (-43.4%), from €189 to €107
- Other operating charges -€57
down €57 (-8.6%), from €667 to €610
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 | €45,500 | €56,526 | +€11,026 | +24.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,984 | €1,694 | -€290 | -14.6% |
| Tangible fixed assets | 22/27 | €1,984 | €1,694 | -€290 | -14.6% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Other tangible fixed assets | 26 | €1,984 | €1,694 | -€290 | -14.6% |
| Current assets | 29/58 | €43,516 | €54,831 | +€11,315 | +26.0% |
| Stocks and contracts in progress | 3 | €11,505 | €11,047 | -€458 | -4.0% |
| Stocks | 30/36 | €11,505 | €11,047 | -€458 | -4.0% |
| Amounts receivable within one year | 40/41 | €20,553 | €28,970 | +€8,417 | +41.0% |
| Trade receivables | 40 | €19,554 | €28,970 | +€9,416 | +48.2% |
| Other amounts receivable | 41 | €999 | - | -€999 | |
| Cash at bank and in hand | 54/58 | €8,555 | €12,311 | +€3,756 | +43.9% |
| Deferred charges and accrued income | 490/1 | €2,903 | €2,503 | -€400 | -13.8% |
| Total equity and liabilities | 10/49 | €45,500 | €56,526 | +€11,026 | +24.2% |
| Equity | 10/15 | €26,048 | €28,479 | +€2,431 | +9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,532 | €53,532 | +€0 | 0.0% |
| Distributable reserves | 133 | €53,532 | €53,532 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€32,484 | -€30,053 | +€2,431 | +7.5% |
| Amounts payable | 17/49 | €19,452 | €28,046 | +€8,594 | +44.2% |
| Amounts payable within one year | 42/48 | €19,452 | €28,046 | +€8,594 | +44.2% |
| Trade debts | 44 | €3,065 | €5,646 | +€2,581 | +84.2% |
| Suppliers | 440/4 | €3,065 | €5,646 | +€2,581 | +84.2% |
| Taxes, remuneration and social security | 45 | €2,000 | €10,264 | +€8,264 | +413.2% |
| Taxes | 450/3 | €2,000 | €10,264 | +€8,264 | +413.2% |
| Other amounts payable | 47/48 | €14,387 | €12,137 | -€2,250 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | €289 | -€731 | -71.6% |
| Other operating charges | 640/8 | €667 | €610 | -€57 | -8.6% |
| Gross operating margin | 9900 | €2,653 | €3,437 | +€784 | +29.5% |
| Operating profit (loss) | 9901 | €966 | €2,538 | +€1,572 | +162.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €189 | €107 | -€82 | -43.4% |
| Recurring financial charges | 65 | €189 | €107 | -€82 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €777 | €2,431 | +€1,654 | +212.9% |
| Profit (loss) for the period | 9904 | €777 | €2,431 | +€1,654 | +212.9% |
| Profit (loss) for the period to be appropriated | 9905 | €777 | €2,431 | +€1,654 | +212.9% |
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 12 October 2026 via checked.be.