Rino-Construct: 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.
Rino-Construct
Largest movements
- Receivables within one year +€74,546
up €74,546 (+59.3%), from €125,678 to €200,224
of which Trade receivables: +€67,854
- Stocks and contracts -€28,383
down €28,383 (-58.2%), from €48,733 to €20,350
of which Stocks: -€19,850
- Cash +€8,766
up €8,766 (+115.9%), from €7,563 to €16,329
mainly Net result for the year (+€36,335) and Stocks and contracts (+€28,383)
- Reserves +€36,335
up €36,335 (+63.8%), from €56,925 to €93,260
- Trade debts +€14,677
up €14,677 (+22.8%), from €64,321 to €78,998
- Tax, wage and social debts +€3,791
new in 2025: €3,791
- Gross operating margin +€42,174
up €42,174 (+263.6%), from €15,999 to €58,173
- Other operating charges +€11,735
up €11,735 (+23469.8%), from €50 to €11,785
- Taxes +€6,573
up €6,573 (+235.6%), from €2,789 to €9,362
- Staff costs -€1,983
down €1,983 (-75.3%), from €2,634 to €651
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 | €184,245 | €239,750 | +€55,505 | +30.1% |
| Fixed assets | 21/28 | €184 | €572 | +€389 | +211.3% |
| Tangible fixed assets | 22/27 | €184 | €572 | +€389 | +211.3% |
| Plant, machinery and equipment | 23 | €184 | €572 | +€389 | +211.3% |
| Current assets | 29/58 | €184,061 | €239,178 | +€55,116 | +29.9% |
| Stocks and contracts in progress | 3 | €48,733 | €20,350 | -€28,383 | -58.2% |
| Stocks | 30/36 | €30,200 | €10,350 | -€19,850 | -65.7% |
| Contracts in progress | 37 | €18,533 | €10,000 | -€8,533 | -46.0% |
| Amounts receivable within one year | 40/41 | €125,678 | €200,224 | +€74,546 | +59.3% |
| Trade receivables | 40 | €123,476 | €191,329 | +€67,854 | +55.0% |
| Other amounts receivable | 41 | €2,202 | €8,895 | +€6,693 | +303.9% |
| Cash at bank and in hand | 54/58 | €7,563 | €16,329 | +€8,766 | +115.9% |
| Deferred charges and accrued income | 490/1 | €2,088 | €2,275 | +€187 | +8.9% |
| Total equity and liabilities | 10/49 | €184,245 | €239,750 | +€55,505 | +30.1% |
| Equity | 10/15 | €75,525 | €111,860 | +€36,335 | +48.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,925 | €93,260 | +€36,335 | +63.8% |
| Distributable reserves | 133 | €56,925 | €93,260 | +€36,335 | +63.8% |
| Amounts payable | 17/49 | €108,721 | €127,890 | +€19,169 | +17.6% |
| Amounts payable within one year | 42/48 | €108,721 | €127,890 | +€19,169 | +17.6% |
| Trade debts | 44 | €64,321 | €78,998 | +€14,677 | +22.8% |
| Suppliers | 440/4 | €64,321 | €78,998 | +€14,677 | +22.8% |
| Taxes, remuneration and social security | 45 | - | €3,791 | +€3,791 | |
| Remuneration and social security | 454/9 | - | €3,791 | +€3,791 | |
| Other amounts payable | 47/48 | €44,400 | €45,101 | +€701 | +1.6% |
| Remuneration, social security and pensions | 62 | €2,634 | €651 | -€1,983 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €141 | -€142 | -50.1% |
| Other operating charges | 640/8 | €50 | €11,785 | +€11,735 | +23469.8% |
| Gross operating margin | 9900 | €15,999 | €58,173 | +€42,174 | +263.6% |
| Operating profit (loss) | 9901 | €13,031 | €45,595 | +€32,564 | +249.9% |
| Financial income | 75/76B | €70 | €154 | +€84 | +121.1% |
| Recurring financial income | 75 | €70 | €154 | +€84 | +121.1% |
| Financial charges | 65/66B | €85 | €52 | -€33 | -39.3% |
| Recurring financial charges | 65 | €85 | €52 | -€33 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €13,016 | €45,698 | +€32,682 | +251.1% |
| Income taxes | 67/77 | €2,789 | €9,362 | +€6,573 | +235.6% |
| Profit (loss) for the period | 9904 | €10,226 | €36,335 | +€26,109 | +255.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,226 | €36,335 | +€26,109 | +255.3% |
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 11 October 2026 via checked.be.