RINPA: 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.
What changed
RINPA
NACE 47.791, Retail sale of antiques
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€128,501
2024 · -€73,743-€54,758
Equity
€606,042
2024 · €734,543-€128,501
Cash
€10,959
2024 · €18,172-€7,213
Balance sheet total
€5.3m
2024 · €5.6m-€254,747
Largest movements
Assets
- Tangible fixed assets -€210,675
down €210,675 (-5.2%), from €4.1m to €3.8m
of which Other tangible fixed assets: -€110,026
- Stocks and contracts -€68,459
down €68,459 (-5.5%), from €1.2m to €1.2m
Equity and liabilities
- Debts after one year -€160,948
down €160,948 (-9.2%), from €1.7m to €1.6m
- Profit (loss) carried forward -€128,501
down €128,501, from €56,821 to -€71,680
Income statement
- Gross operating margin -€44,519
down €44,519 (-20.1%), from €221,675 to €177,157
- Taxes +€11,054
up €11,054 (+10,264%), from €108 to €11,161
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.
Result 2024
-€73,743
Gross operating margin
-€44,519
Depreciation
-€660
Other operating charges
-€875
Financial income
+€346
Financial charges
+€2,004
Taxes
-€11,054
Result 2025
-€128,501
raises the resultlowers the result
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.
From operations
+€213,665
Investment
-€59,460
Financing
-€161,419
Cash 2024
€18,172
From operations (derived)
+€213,665
Net result for the year
-€128,501
Depreciation
+€221,135
Stocks and contracts
+€68,459
Receivables within one year
+€17,122
Deferred charges and accrued income
+€278
Trade debts
-€8,705
Tax, wage and social debts
+€4,426
Other debts
+€40,249
Accrued charges and deferred income
-€798
Investment (derived)
-€59,460
Investment in fixed assets (net)
-€10,460
Current investments
-€49,000
Financing
-€161,419
Debts after one year
-€160,948
Current portion of long-term debt
-€471
Cash 2025
€10,959
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,551,963 | €5,297,215 | -€254,747 | -4.6% |
| Fixed assets | 21/28 | €4,051,889 | €3,841,213 | -€210,675 | -5.2% |
| Tangible fixed assets | 22/27 | €4,051,889 | €3,841,213 | -€210,675 | -5.2% |
| Land and buildings | 22 | €3,613,286 | €3,512,637 | -€100,649 | -2.8% |
| Furniture and vehicles | 24 | €9,176 | €9,176 | = | 0.0% |
| Other tangible fixed assets | 26 | €429,426 | €319,400 | -€110,026 | -25.6% |
| Current assets | 29/58 | €1,500,074 | €1,456,002 | -€44,072 | -2.9% |
| Stocks and contracts in progress | 3 | €1,235,837 | €1,167,378 | -€68,459 | -5.5% |
| Stocks | 30/36 | €1,235,837 | €1,167,378 | -€68,459 | -5.5% |
| Amounts receivable within one year | 40/41 | €17,122 | €0 | -€17,122 | -100% |
| Trade receivables | 40 | €4,947 | €0 | -€4,947 | -100% |
| Other amounts receivable | 41 | €12,175 | €0 | -€12,175 | -100% |
| Current investments | 50/53 | €228,000 | €277,000 | +€49,000 | +21.5% |
| Cash at bank and in hand | 54/58 | €18,172 | €10,959 | -€7,213 | -39.7% |
| Deferred charges and accrued income | 490/1 | €942 | €664 | -€278 | -29.5% |
| Total equity and liabilities | 10/49 | €5,551,963 | €5,297,215 | -€254,747 | -4.6% |
| Equity | 10/15 | €734,543 | €606,042 | -€128,501 | -17.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €659,172 | €659,172 | = | 0.0% |
| Distributable reserves | 133 | €659,172 | €659,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,821 | -€71,680 | -€128,501 | |
| Amounts payable | 17/49 | €4,817,420 | €4,691,174 | -€126,246 | -2.6% |
| Amounts payable after more than one year | 17 | €1,745,971 | €1,585,023 | -€160,948 | -9.2% |
| Financial debts | 170/4 | €1,745,971 | €1,585,023 | -€160,948 | -9.2% |
| Amounts payable within one year | 42/48 | €3,070,624 | €3,106,124 | +€35,500 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €161,419 | €160,948 | -€471 | -0.3% |
| Trade debts | 44 | €17,643 | €8,938 | -€8,705 | -49.3% |
| Suppliers | 440/4 | €17,643 | €8,938 | -€8,705 | -49.3% |
| Taxes, remuneration and social security | 45 | €8,283 | €12,710 | +€4,426 | +53.4% |
| Taxes | 450/3 | €8,283 | €12,710 | +€4,426 | +53.4% |
| Other amounts payable | 47/48 | €2,883,279 | €2,923,528 | +€40,249 | +1.4% |
| Accrued charges and deferred income | 492/3 | €824 | €27 | -€798 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,475 | €221,135 | +€660 | +0.3% |
| Other operating charges | 640/8 | €16,866 | €17,741 | +€875 | +5.2% |
| Gross operating margin | 9900 | €221,675 | €177,157 | -€44,519 | -20.1% |
| Operating profit (loss) | 9901 | -€15,665 | -€61,719 | -€46,054 | -294% |
| Financial income | 75/76B | €5,239 | €5,584 | +€346 | +6.6% |
| Recurring financial income | 75 | €5,239 | €5,584 | +€346 | +6.6% |
| Financial charges | 65/66B | €63,209 | €61,206 | -€2,004 | -3.2% |
| Recurring financial charges | 65 | €63,209 | €61,206 | -€2,004 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€73,636 | -€117,340 | -€43,705 | -59.4% |
| Income taxes | 67/77 | €108 | €11,161 | +€11,054 | +10,264% |
| Profit (loss) for the period | 9904 | -€73,743 | -€128,501 | -€54,758 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,743 | -€128,501 | -€54,758 | -74.3% |
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 14 October 2026 via checked.be.