RINDUS: 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.
What changed
RINDUS
NACE 46.649, Wholesale of other machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€407,562
2024 · €395,817+€11,745
Equity
€2.2m
2024 · €1.9m+€352,562
Cash
€135,046
2024 · €697,484-€562,438
Balance sheet total
€4.4m
2024 · €4.8m-€362,443
Largest movements
Assets
- Cash -€562,438
down €562,438 (-80.6%), from €697,484 to €135,046
mainly Trade debts (-€495,866) and Short-term financial debts (-€330,290)
- Stocks and contracts +€189,126
up €189,126 (+10.4%), from €1.8m to €2.0m
Equity and liabilities
- Trade debts -€495,866
down €495,866 (-39.0%), from €1.3m to €777,166
- Reserves +€352,562
up €352,562 (+19.6%), from €1.8m to €2.2m
of which Distributable reserves: +€352,562
- Short-term financial debts -€330,290
down €330,290 (-37.5%), from €880,239 to €549,949
- Tax, wage and social debts +€58,294
up €58,294 (+14.7%), from €397,781 to €456,075
of which Remuneration and social security: +€68,506
Income statement
- Gross operating margin +€504,421
up €504,421 (+23.1%), from €2.2m to €2.7m
- Staff costs +€459,335
up €459,335 (+29.7%), from €1.5m to €2.0m
- Depreciation +€31,319
up €31,319 (+90.4%), from €34,631 to €65,950
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.
Result 2024
€395,817
Gross operating margin
+€504,421
Staff costs
-€459,335
Depreciation
-€31,319
Write-downs
+€3,056
Other operating charges
-€18,755
Financial income
+€5,140
Financial charges
+€6,887
Taxes
+€1,651
Result 2025
€407,562
raises the resultlowers the result
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.
From operations
-€120,048
Investment
-€80,465
Financing
-€361,926
Cash 2024
€697,484
From operations (derived)
-€120,048
Net result for the year
+€407,562
Depreciation
+€65,950
Stocks and contracts
-€189,126
Receivables within one year
-€3,961
Deferred charges and accrued income
+€7,607
Trade debts
-€495,866
Tax, wage and social debts
+€58,294
Other debts
+€25,000
Accrued charges and deferred income
+€4,493
Investment (derived)
-€80,465
Investment in fixed assets (net)
-€80,465
Financing
-€361,926
Debts after one year
+€13,266
Current portion of long-term debt
+€10,099
Short-term financial debts
-€330,290
Contributions, distributions and other
-€55,000
Cash 2025
€135,046
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,770,279 | €4,407,836 | -€362,443 | -7.6% |
| Fixed assets | 21/28 | €172,407 | €186,922 | +€14,514 | +8.4% |
| Tangible fixed assets | 22/27 | €172,367 | €186,882 | +€14,514 | +8.4% |
| Plant, machinery and equipment | 23 | €77,564 | €73,565 | -€3,999 | -5.2% |
| Furniture and vehicles | 24 | €21,271 | €18,507 | -€2,764 | -13.0% |
| Leasing and similar rights | 25 | €61,942 | €86,382 | +€24,439 | +39.5% |
| Other tangible fixed assets | 26 | €11,590 | €8,428 | -€3,162 | -27.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €4,597,872 | €4,220,914 | -€376,958 | -8.2% |
| Stocks and contracts in progress | 3 | €1,809,970 | €1,999,096 | +€189,126 | +10.4% |
| Stocks | 30/36 | €1,809,970 | €1,999,096 | +€189,126 | +10.4% |
| Amounts receivable within one year | 40/41 | €2,074,883 | €2,078,844 | +€3,961 | +0.2% |
| Trade receivables | 40 | €2,046,914 | €2,056,477 | +€9,563 | +0.5% |
| Other amounts receivable | 41 | €27,968 | €22,367 | -€5,602 | -20.0% |
| Cash at bank and in hand | 54/58 | €697,484 | €135,046 | -€562,438 | -80.6% |
| Deferred charges and accrued income | 490/1 | €15,535 | €7,929 | -€7,607 | -49.0% |
| Total equity and liabilities | 10/49 | €4,770,279 | €4,407,836 | -€362,443 | -7.6% |
| Equity | 10/15 | €1,861,471 | €2,214,033 | +€352,562 | +18.9% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €1,797,471 | €2,150,033 | +€352,562 | +19.6% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €1,791,071 | €2,143,633 | +€352,562 | +19.7% |
| Amounts payable | 17/49 | €2,908,808 | €2,193,803 | -€715,005 | -24.6% |
| Amounts payable after more than one year | 17 | €292,083 | €305,349 | +€13,266 | +4.5% |
| Financial debts | 170/4 | €292,083 | €305,349 | +€13,266 | +4.5% |
| Amounts payable within one year | 42/48 | €2,600,605 | €1,867,841 | -€732,763 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €19,553 | €29,652 | +€10,099 | +51.6% |
| Financial debts | 43 | €880,239 | €549,949 | -€330,290 | -37.5% |
| Credit institutions | 430/8 | €880,239 | €549,949 | -€330,290 | -37.5% |
| Trade debts | 44 | €1,273,031 | €777,166 | -€495,866 | -39.0% |
| Suppliers | 440/4 | €1,273,031 | €777,166 | -€495,866 | -39.0% |
| Taxes, remuneration and social security | 45 | €397,781 | €456,075 | +€58,294 | +14.7% |
| Taxes | 450/3 | €172,058 | €161,845 | -€10,213 | -5.9% |
| Remuneration and social security | 454/9 | €225,724 | €294,230 | +€68,506 | +30.3% |
| Other amounts payable | 47/48 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Accrued charges and deferred income | 492/3 | €16,120 | €20,613 | +€4,493 | +27.9% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €1,545,582 | €2,004,917 | +€459,335 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,631 | €65,950 | +€31,319 | +90.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,048 | -€8 | -€3,056 | |
| Other operating charges | 640/8 | €5,228 | €23,983 | +€18,755 | +359% |
| Gross operating margin | 9900 | €2,180,975 | €2,685,396 | +€504,421 | +23.1% |
| Operating profit (loss) | 9901 | €592,486 | €590,554 | -€1,933 | -0.3% |
| Financial income | 75/76B | €5,959 | €11,099 | +€5,140 | +86.3% |
| Recurring financial income | 75 | €5,959 | €11,099 | +€5,140 | +86.3% |
| Financial charges | 65/66B | €62,857 | €55,971 | -€6,887 | -11.0% |
| Recurring financial charges | 65 | €62,857 | €55,971 | -€6,887 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €535,588 | €545,682 | +€10,094 | +1.9% |
| Income taxes | 67/77 | €139,771 | €138,120 | -€1,651 | -1.2% |
| Profit (loss) for the period | 9904 | €395,817 | €407,562 | +€11,745 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €395,817 | €407,562 | +€11,745 | +3.0% |
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 14 October 2026 via checked.be.