RINO LOGISTICS: 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 LOGISTICS
Largest movements
- Cash +€59,549
up €59,549 (+248%), from €23,976 to €83,525
mainly Trade debts (+€31,868) and Net result for the year (+€30,844)
- Receivables within one year +€25,684
up €25,684 (+296%), from €8,685 to €34,369
of which Trade receivables: +€27,451
- Tangible fixed assets -€8,440
down €8,440 (-8.6%), from €98,526 to €90,086
of which Plant, machinery and equipment: -€5,008
- Trade debts +€31,868
up €31,868 (+141%), from €22,591 to €54,459
- Profit (loss) carried forward +€30,844
up €30,844 (+59.1%), from €52,173 to €83,017
- Tax, wage and social debts +€13,015
up €13,015 (+61.2%), from €21,256 to €34,271
of which Taxes: +€14,194
- Depreciation +€16,313
up €16,313 (+147%), from €11,077 to €27,390
- Gross operating margin -€10,189
down €10,189 (-13.3%), from €76,869 to €66,680
- Taxes -€5,314
down €5,314 (-40.1%), from €13,266 to €7,952
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 | €132,305 | €208,294 | +€75,988 | +57.4% |
| Fixed assets | 21/28 | €98,661 | €90,221 | -€8,440 | -8.6% |
| Tangible fixed assets | 22/27 | €98,526 | €90,086 | -€8,440 | -8.6% |
| Plant, machinery and equipment | 23 | €18,822 | €13,814 | -€5,008 | -26.6% |
| Furniture and vehicles | 24 | €79,704 | €76,272 | -€3,432 | -4.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €33,644 | €118,073 | +€84,429 | +251% |
| Amounts receivable within one year | 40/41 | €8,685 | €34,369 | +€25,684 | +296% |
| Trade receivables | 40 | €4,918 | €32,369 | +€27,451 | +558% |
| Other amounts receivable | 41 | €3,767 | €2,000 | -€1,767 | -46.9% |
| Cash at bank and in hand | 54/58 | €23,976 | €83,525 | +€59,549 | +248% |
| Deferred charges and accrued income | 490/1 | €983 | €179 | -€804 | -81.8% |
| Total equity and liabilities | 10/49 | €132,305 | €208,294 | +€75,988 | +57.4% |
| Equity | 10/15 | €54,173 | €85,017 | +€30,844 | +56.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,173 | €83,017 | +€30,844 | +59.1% |
| Amounts payable | 17/49 | €78,132 | €123,277 | +€45,145 | +57.8% |
| Amounts payable within one year | 42/48 | €78,132 | €123,277 | +€45,145 | +57.8% |
| Trade debts | 44 | €22,591 | €54,459 | +€31,868 | +141% |
| Suppliers | 440/4 | €22,591 | €54,459 | +€31,868 | +141% |
| Taxes, remuneration and social security | 45 | €21,256 | €34,271 | +€13,015 | +61.2% |
| Taxes | 450/3 | €13,266 | €27,460 | +€14,194 | +107% |
| Remuneration and social security | 454/9 | €7,990 | €6,811 | -€1,180 | -14.8% |
| Other amounts payable | 47/48 | €34,285 | €34,547 | +€262 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,077 | €27,390 | +€16,313 | +147% |
| Other operating charges | 640/8 | €250 | €313 | +€63 | +25.4% |
| Gross operating margin | 9900 | €76,869 | €66,680 | -€10,189 | -13.3% |
| Operating profit (loss) | 9901 | €65,542 | €38,976 | -€26,566 | -40.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €103 | €181 | +€78 | +75.4% |
| Recurring financial charges | 65 | €103 | €181 | +€78 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | €65,439 | €38,795 | -€26,643 | -40.7% |
| Income taxes | 67/77 | €13,266 | €7,952 | -€5,314 | -40.1% |
| Profit (loss) for the period | 9904 | €52,173 | €30,844 | -€21,329 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,173 | €30,844 | -€21,329 | -40.9% |
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 26 October 2026 via checked.be.