RINOVO+: what changed
RINOVO+
Largest movements
- Cash -€1,803
down €1,803 (-98.8%), from €1,824 to €21
mainly Net result for the year (-€6,173) and Trade debts (-€469)
- Tangible fixed assets -€371
down €371 (-21.4%), from €1,736 to €1,365
of which Furniture and vehicles: -€202
- Profit (loss) carried forward -€6,173
down €6,173 (-19.4%), from -€31,777 to -€37,950
- Other debts +€4,305
up €4,305 (+60.2%), from €7,154 to €11,459
- Trade debts -€469
down €469 (-93.9%), from €499 to €30
- Gross operating margin -€22,625
down €22,625, from €17,986 to -€4,639
- Staff costs -€14,586
down €14,586 (-98.9%), from €14,755 to €169
- Other operating charges +€801
up €801 (+679%), from €118 to €919
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 | €15,877 | €13,539 | -€2,337 | -14.7% |
| Fixed assets | 21/28 | €1,736 | €1,365 | -€371 | -21.4% |
| Tangible fixed assets | 22/27 | €1,736 | €1,365 | -€371 | -21.4% |
| Plant, machinery and equipment | 23 | €1,222 | €1,053 | -€169 | -13.8% |
| Furniture and vehicles | 24 | €514 | €312 | -€202 | -39.3% |
| Current assets | 29/58 | €14,141 | €12,174 | -€1,966 | -13.9% |
| Amounts receivable within one year | 40/41 | €12,230 | €12,122 | -€108 | -0.9% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €130 | €22 | -€108 | -83.4% |
| Cash at bank and in hand | 54/58 | €1,824 | €21 | -€1,803 | -98.8% |
| Deferred charges and accrued income | 490/1 | €87 | €32 | -€55 | -63.4% |
| Total equity and liabilities | 10/49 | €15,877 | €13,539 | -€2,337 | -14.7% |
| Equity | 10/15 | €8,223 | €2,050 | -€6,173 | -75.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,777 | -€37,950 | -€6,173 | -19.4% |
| Amounts payable | 17/49 | €7,654 | €11,490 | +€3,836 | +50.1% |
| Amounts payable within one year | 42/48 | €7,654 | €11,490 | +€3,836 | +50.1% |
| Trade debts | 44 | €499 | €30 | -€469 | -93.9% |
| Suppliers | 440/4 | €499 | €30 | -€469 | -93.9% |
| Other amounts payable | 47/48 | €7,154 | €11,459 | +€4,305 | +60.2% |
| Remuneration, social security and pensions | 62 | €14,755 | €169 | -€14,586 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €371 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €919 | +€801 | +679% |
| Gross operating margin | 9900 | €17,986 | -€4,639 | -€22,625 | |
| Operating profit (loss) | 9901 | €2,742 | -€6,098 | -€8,840 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €136 | €75 | -€61 | -45.0% |
| Recurring financial charges | 65 | €136 | €75 | -€61 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €2,608 | -€6,173 | -€8,782 | |
| Profit (loss) for the period | 9904 | €2,608 | -€6,173 | -€8,782 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,608 | -€6,173 | -€8,782 |
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 3 November 2026 via checked.be.