Rinov: what changed
Rinov
Largest movements
- Receivables within one year +€19,297
up €19,297 (+113%), from €17,037 to €36,334
of which Trade receivables: +€20,284
- Intangible fixed assets -€13,181
down €13,181 (-22.2%), from €59,279 to €46,098
- Deferred charges and accrued income +€5,626
up €5,626 (+342%), from €1,645 to €7,272
- Tangible fixed assets -€5,428
down €5,428 (-19.3%), from €28,179 to €22,751
- Cash +€2,480
up €2,480 (+6.1%), from €40,693 to €43,173
mainly Net result for the year (+€44,621) and Depreciation (+€24,122)
- Debts after one year -€14,721
down €14,721 (-52.0%), from €28,293 to €13,572
- Profit (loss) carried forward +€14,621
up €14,621 (+43.1%), from €33,894 to €48,516
- Trade debts +€12,049
up €12,049 (+147%), from €8,220 to €20,269
- Advances received -€8,772
down €8,772 (-49.8%), from €17,600 to €8,828
- Tax, wage and social debts +€5,998
up €5,998 (+310%), from €1,936 to €7,934
of which Remuneration and social security: +€3,843
- Gross operating margin +€37,185
up €37,185 (+43.7%), from €85,007 to €122,192
- Staff costs +€11,952
up €11,952 (+59.0%), from €20,250 to €32,202
- Taxes +€5,390
up €5,390 (+47.5%), from €11,344 to €16,734
- Depreciation +€2,865
up €2,865 (+13.5%), from €21,257 to €24,122
- Financial charges +€1,321
up €1,321 (+65.1%), from €2,029 to €3,350
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,833 | €155,628 | +€8,795 | +6.0% |
| Fixed assets | 21/28 | €87,458 | €68,849 | -€18,609 | -21.3% |
| Intangible fixed assets | 21 | €59,279 | €46,098 | -€13,181 | -22.2% |
| Tangible fixed assets | 22/27 | €28,179 | €22,751 | -€5,428 | -19.3% |
| Furniture and vehicles | 24 | €28,179 | €22,751 | -€5,428 | -19.3% |
| Current assets | 29/58 | €59,375 | €86,779 | +€27,404 | +46.2% |
| Amounts receivable within one year | 40/41 | €17,037 | €36,334 | +€19,297 | +113% |
| Trade receivables | 40 | €9,303 | €29,588 | +€20,284 | +218% |
| Other amounts receivable | 41 | €7,734 | €6,747 | -€987 | -12.8% |
| Cash at bank and in hand | 54/58 | €40,693 | €43,173 | +€2,480 | +6.1% |
| Deferred charges and accrued income | 490/1 | €1,645 | €7,272 | +€5,626 | +342% |
| Total equity and liabilities | 10/49 | €146,833 | €155,628 | +€8,795 | +6.0% |
| Equity | 10/15 | €38,894 | €53,516 | +€14,621 | +37.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,894 | €48,516 | +€14,621 | +43.1% |
| Amounts payable | 17/49 | €107,939 | €102,113 | -€5,826 | -5.4% |
| Amounts payable after more than one year | 17 | €28,293 | €13,572 | -€14,721 | -52.0% |
| Financial debts | 170/4 | €28,293 | €13,572 | -€14,721 | -52.0% |
| Amounts payable within one year | 42/48 | €79,546 | €86,574 | +€7,027 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €14,169 | €14,721 | +€552 | +3.9% |
| Trade debts | 44 | €8,220 | €20,269 | +€12,049 | +147% |
| Suppliers | 440/4 | €8,220 | €20,269 | +€12,049 | +147% |
| Advances received on contracts in progress | 46 | €17,600 | €8,828 | -€8,772 | -49.8% |
| Taxes, remuneration and social security | 45 | €1,936 | €7,934 | +€5,998 | +310% |
| Taxes | 450/3 | €28 | €2,182 | +€2,155 | +7,818% |
| Remuneration and social security | 454/9 | €1,908 | €5,751 | +€3,843 | +201% |
| Other amounts payable | 47/48 | €37,622 | €34,823 | -€2,799 | -7.4% |
| Accrued charges and deferred income | 492/3 | €100 | €1,967 | +€1,867 | +1,876% |
| Remuneration, social security and pensions | 62 | €20,250 | €32,202 | +€11,952 | +59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,257 | €24,122 | +€2,865 | +13.5% |
| Other operating charges | 640/8 | €972 | €1,949 | +€977 | +100% |
| Gross operating margin | 9900 | €85,007 | €122,192 | +€37,185 | +43.7% |
| Operating profit (loss) | 9901 | €42,528 | €63,919 | +€21,391 | +50.3% |
| Financial income | 75/76B | €1,197 | €786 | -€411 | -34.3% |
| Recurring financial income | 75 | €1,197 | €786 | -€411 | -34.3% |
| Financial charges | 65/66B | €2,029 | €3,350 | +€1,321 | +65.1% |
| Recurring financial charges | 65 | €2,029 | €3,350 | +€1,321 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €41,696 | €61,355 | +€19,659 | +47.1% |
| Income taxes | 67/77 | €11,344 | €16,734 | +€5,390 | +47.5% |
| Profit (loss) for the period | 9904 | €30,352 | €44,621 | +€14,269 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,352 | €44,621 | +€14,269 | +47.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.