RINI MANAGEMENT: 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.
RINI MANAGEMENT
Largest movements
- Tangible fixed assets +€95,044
up €95,044 (+55.0%), from €172,842 to €267,886
of which Land and buildings: +€95,461
- Cash -€16,487
down €16,487 (-57.7%), from €28,572 to €12,085
mainly Investment in fixed assets (net) (-€105,012) and Net result for the year (-€84,221)
- Intangible fixed assets -€6,664
down €6,664 (-15.4%), from €43,343 to €36,679
- Debts after one year +€87,682
up €87,682 (+57.8%), from €151,758 to €239,440
of which Financial debts: +€87,682
- Profit (loss) carried forward -€84,221
down €84,221 (-207%), from -€40,711 to -€124,932
- Trade debts -€72,135
down €72,135 (-91.5%), from €78,798 to €6,662
- Other debts +€71,693
up €71,693 (+255%), from €28,145 to €99,838
- Advances received +€59,000
new in 2025: €59,000
- Gross operating margin -€59,768
down €59,768, from €21,974 to -€37,794
- Financial charges +€12,203
up €12,203 (+406%), from €3,008 to €15,211
- Other operating charges +€9,022
up €9,022 (+162%), from €5,562 to €14,584
- Depreciation +€8,633
up €8,633 (+108%), from €7,999 to €16,632
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 | €247,232 | €318,063 | +€70,831 | +28.6% |
| Fixed assets | 21/28 | €216,185 | €304,564 | +€88,380 | +40.9% |
| Intangible fixed assets | 21 | €43,343 | €36,679 | -€6,664 | -15.4% |
| Tangible fixed assets | 22/27 | €172,842 | €267,886 | +€95,044 | +55.0% |
| Land and buildings | 22 | €168,416 | €263,877 | +€95,461 | +56.7% |
| Plant, machinery and equipment | 23 | €1,226 | €809 | -€417 | -34.0% |
| Assets under construction and advance payments | 27 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €31,047 | €13,499 | -€17,548 | -56.5% |
| Amounts receivable within one year | 40/41 | €2,474 | €1,413 | -€1,061 | -42.9% |
| Trade receivables | 40 | €2,474 | €1,413 | -€1,061 | -42.9% |
| Cash at bank and in hand | 54/58 | €28,572 | €12,085 | -€16,487 | -57.7% |
| Total equity and liabilities | 10/49 | €247,232 | €318,063 | +€70,831 | +28.6% |
| Equity | 10/15 | -€28,091 | -€112,312 | -€84,221 | -300% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €120 | €120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €120 | €120 | = | 0.0% |
| Reserves not available under the articles | 1311 | €120 | €120 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,711 | -€124,932 | -€84,221 | -207% |
| Amounts payable | 17/49 | €275,323 | €430,375 | +€155,052 | +56.3% |
| Amounts payable after more than one year | 17 | €151,758 | €239,440 | +€87,682 | +57.8% |
| Financial debts | 170/4 | €126,758 | €214,440 | +€87,682 | +69.2% |
| Trade debts | 175 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €123,564 | €190,935 | +€67,370 | +54.5% |
| Current portion of amounts payable after more than one year | 42 | €12,700 | €21,002 | +€8,301 | +65.4% |
| Trade debts | 44 | €78,798 | €6,662 | -€72,135 | -91.5% |
| Suppliers | 440/4 | €78,798 | €6,662 | -€72,135 | -91.5% |
| Advances received on contracts in progress | 46 | - | €59,000 | +€59,000 | |
| Taxes, remuneration and social security | 45 | €3,922 | €4,433 | +€512 | +13.0% |
| Taxes | 450/3 | €3,922 | €4,433 | +€512 | +13.0% |
| Other amounts payable | 47/48 | €28,145 | €99,838 | +€71,693 | +255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,999 | €16,632 | +€8,633 | +108% |
| Other operating charges | 640/8 | €5,562 | €14,584 | +€9,022 | +162% |
| Gross operating margin | 9900 | €21,974 | -€37,794 | -€59,768 | |
| Operating profit (loss) | 9901 | €8,413 | -€69,010 | -€77,423 | |
| Financial charges | 65/66B | €3,008 | €15,211 | +€12,203 | +406% |
| Recurring financial charges | 65 | €3,008 | €15,211 | +€12,203 | +406% |
| Profit (loss) for the period before taxes | 9903 | €5,405 | -€84,221 | -€89,626 | |
| Income taxes | 67/77 | €301 | - | -€301 | |
| Profit (loss) for the period | 9904 | €5,104 | -€84,221 | -€89,325 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,104 | -€84,221 | -€89,325 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.