RINASCENTE: 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.
RINASCENTE
Largest movements
- Cash +€28,988
up €28,988 (+30.1%), from €96,395 to €125,383
mainly Net result for the year (+€17,188) and Depreciation (+€17,136)
- Tangible fixed assets -€17,136
down €17,136 (-3.8%), from €450,198 to €433,062
of which Land and buildings: -€16,800
- Reserves +€17,188
up €17,188 (+22.6%), from €76,021 to €93,210
of which Distributable reserves: +€18,479
- Gross operating margin +€3,530
up €3,530 (+9.4%), from €37,574 to €41,103
- Taxes +€1,468
up €1,468 (+20.5%), from €7,166 to €8,634
- Depreciation -€825
down €825 (-4.6%), from €17,961 to €17,136
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 | €826,009 | €845,092 | +€19,084 | +2.3% |
| Fixed assets | 21/28 | €450,198 | €433,062 | -€17,136 | -3.8% |
| Tangible fixed assets | 22/27 | €450,198 | €433,062 | -€17,136 | -3.8% |
| Land and buildings | 22 | €445,267 | €428,467 | -€16,800 | -3.8% |
| Plant, machinery and equipment | 23 | €4,931 | €4,595 | -€336 | -6.8% |
| Current assets | 29/58 | €375,811 | €412,030 | +€36,219 | +9.6% |
| Amounts receivable after more than one year | 29 | €268,951 | €275,917 | +€6,966 | +2.6% |
| Trade receivables | 290 | €268,951 | €275,917 | +€6,966 | +2.6% |
| Amounts receivable within one year | 40/41 | €3,499 | €3,583 | +€85 | +2.4% |
| Trade receivables | 40 | €2,999 | €3,083 | +€85 | +2.8% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €96,395 | €125,383 | +€28,988 | +30.1% |
| Deferred charges and accrued income | 490/1 | €6,966 | €7,146 | +€180 | +2.6% |
| Total equity and liabilities | 10/49 | €826,009 | €845,092 | +€19,084 | +2.3% |
| Equity | 10/15 | €805,335 | €822,523 | +€17,188 | +2.1% |
| Contributions | 10/11 | €648,600 | €648,600 | = | 0.0% |
| Reserves | 13 | €76,021 | €93,210 | +€17,188 | +22.6% |
| Tax-exempt reserves | 132 | €17,387 | €16,096 | -€1,291 | -7.4% |
| Distributable reserves | 133 | €58,634 | €77,114 | +€18,479 | +31.5% |
| Profit (loss) carried forward | 14 | €80,714 | €80,714 | = | 0.0% |
| Provisions and deferred taxes | 16 | €7,303 | €6,761 | -€542 | -7.4% |
| Deferred taxes | 168 | €7,303 | €6,761 | -€542 | -7.4% |
| Amounts payable | 17/49 | €13,370 | €15,808 | +€2,437 | +18.2% |
| Amounts payable within one year | 42/48 | €8,429 | €10,347 | +€1,917 | +22.7% |
| Trade debts | 44 | €1,401 | €1,000 | -€401 | -28.6% |
| Suppliers | 440/4 | €1,401 | €1,000 | -€401 | -28.6% |
| Taxes, remuneration and social security | 45 | €4,643 | €6,335 | +€1,692 | +36.4% |
| Taxes | 450/3 | €4,643 | €6,335 | +€1,692 | +36.4% |
| Other amounts payable | 47/48 | €2,385 | €3,012 | +€626 | +26.3% |
| Accrued charges and deferred income | 492/3 | €4,941 | €5,461 | +€520 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,961 | €17,136 | -€825 | -4.6% |
| Other operating charges | 640/8 | €5,565 | €5,834 | +€269 | +4.8% |
| Gross operating margin | 9900 | €37,574 | €41,103 | +€3,530 | +9.4% |
| Operating profit (loss) | 9901 | €14,048 | €18,134 | +€4,086 | +29.1% |
| Financial income | 75/76B | €6,966 | €7,146 | +€180 | +2.6% |
| Recurring financial income | 75 | €6,966 | €7,146 | +€180 | +2.6% |
| Financial charges | 65/66B | €19 | - | -€19 | |
| Recurring financial charges | 65 | €19 | - | -€19 | |
| Profit (loss) for the period before taxes | 9903 | €20,995 | €25,280 | +€4,285 | +20.4% |
| Transfer from deferred taxes | 780 | €542 | €542 | = | 0.0% |
| Income taxes | 67/77 | €7,166 | €8,634 | +€1,468 | +20.5% |
| Profit (loss) for the period | 9904 | €14,371 | €17,188 | +€2,817 | +19.6% |
| Transfer from tax-exempt reserves | 789 | €1,291 | €1,291 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,662 | €18,479 | +€2,817 | +18.0% |
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.