RINCVENIUS: 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.
RINCVENIUS
Largest movements
- Receivables within one year +€42,603
up €42,603 (+274%), from €15,552 to €58,155
of which Trade receivables: +€38,601
- Reserves +€55,775
up €55,775 (+95.5%), from €58,386 to €114,161
- Debts after one year -€13,817
down €13,817 (-10.9%), from €126,753 to €112,936
- Tax, wage and social debts +€4,358
up €4,358 (+13.4%), from €32,555 to €36,913
- Other debts -€3,494
down €3,494 (-97.8%), from €3,572 to €79
- Financial income +€6,308
up €6,308 (+6,308,270%), from €0 to €6,308
- Gross operating margin +€5,988
up €5,988 (+7.2%), from €83,460 to €89,447
- Taxes +€3,353
up €3,353 (+15.9%), from €21,145 to €24,498
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 | €235,888 | €279,509 | +€43,621 | +18.5% |
| Fixed assets | 21/28 | €141,750 | €141,750 | = | 0.0% |
| Financial fixed assets | 28 | €141,750 | €141,750 | = | 0.0% |
| Current assets | 29/58 | €94,138 | €137,759 | +€43,621 | +46.3% |
| Amounts receivable within one year | 40/41 | €15,552 | €58,155 | +€42,603 | +274% |
| Trade receivables | 40 | €15,552 | €54,153 | +€38,601 | +248% |
| Other amounts receivable | 41 | - | €4,002 | +€4,002 | |
| Cash at bank and in hand | 54/58 | €78,586 | €79,604 | +€1,018 | +1.3% |
| Total equity and liabilities | 10/49 | €235,888 | €279,509 | +€43,621 | +18.5% |
| Equity | 10/15 | €59,386 | €115,161 | +€55,775 | +93.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €58,386 | €114,161 | +€55,775 | +95.5% |
| Distributable reserves | 133 | €58,386 | €114,161 | +€55,775 | +95.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €176,502 | €164,348 | -€12,154 | -6.9% |
| Amounts payable after more than one year | 17 | €126,753 | €112,936 | -€13,817 | -10.9% |
| Financial debts | 170/4 | €126,753 | €112,936 | -€13,817 | -10.9% |
| Amounts payable within one year | 42/48 | €49,749 | €51,412 | +€1,663 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €13,427 | €13,817 | +€390 | +2.9% |
| Trade debts | 44 | €195 | €603 | +€408 | +209% |
| Suppliers | 440/4 | €195 | €603 | +€408 | +209% |
| Taxes, remuneration and social security | 45 | €32,555 | €36,913 | +€4,358 | +13.4% |
| Taxes | 450/3 | €32,555 | €36,913 | +€4,358 | +13.4% |
| Other amounts payable | 47/48 | €3,572 | €79 | -€3,494 | -97.8% |
| Other operating charges | 640/8 | €650 | €571 | -€79 | -12.2% |
| Gross operating margin | 9900 | €83,460 | €89,447 | +€5,988 | +7.2% |
| Operating profit (loss) | 9901 | €82,810 | €88,877 | +€6,067 | +7.3% |
| Financial income | 75/76B | €0 | €6,308 | +€6,308 | +6,308,270% |
| Recurring financial income | 75 | €0 | €6,308 | +€6,308 | +6,308,270% |
| Financial charges | 65/66B | €3,279 | €3,912 | +€633 | +19.3% |
| Recurring financial charges | 65 | €3,279 | €3,912 | +€633 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €79,531 | €91,273 | +€11,742 | +14.8% |
| Income taxes | 67/77 | €21,145 | €24,498 | +€3,353 | +15.9% |
| Profit (loss) for the period | 9904 | €58,386 | €66,775 | +€8,389 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,386 | €66,775 | +€8,389 | +14.4% |
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 20 October 2026 via checked.be.