RINUX: 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.
RINUX
Largest movements
- Receivables within one year +€77,741
up €77,741 (+76.8%), from €101,277 to €179,018
of which Trade receivables: +€80,543
- Cash +€20,210
up €20,210 (+107%), from €18,891 to €39,101
mainly Net result for the year (+€67,905) and Other debts (+€26,605)
- Reserves +€67,905
up €67,905 (+39.9%), from €170,225 to €238,130
of which Distributable reserves: +€67,905
- Other debts +€26,605
up €26,605 (+3,302%), from €806 to €27,411
- Tax, wage and social debts +€20,566
up €20,566 (+152%), from €13,501 to €34,067
of which Taxes: +€20,913
- Current portion of long-term debt -€13,000
no longer reported in 2025 (was €13,000)
- Accrued charges and deferred income -€8,961
down €8,961 (-99.6%), from €8,998 to €37
- Gross operating margin +€22,150
up €22,150 (+18.2%), from €121,576 to €143,726
- Taxes +€8,973
up €8,973 (+34.4%), from €26,100 to €35,074
- Financial charges -€7,459
down €7,459 (-73.1%), from €10,199 to €2,740
- Staff costs +€4,315
up €4,315 (+22.4%), from €19,228 to €23,543
- Other operating charges +€1,890
up €1,890 (+219%), from €863 to €2,752
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 | €308,404 | €404,418 | +€96,014 | +31.1% |
| Fixed assets | 21/28 | €180,390 | €178,152 | -€2,239 | -1.2% |
| Tangible fixed assets | 22/27 | €50,390 | €48,152 | -€2,239 | -4.4% |
| Plant, machinery and equipment | 23 | €9,026 | €7,109 | -€1,917 | -21.2% |
| Furniture and vehicles | 24 | €4,932 | €5,032 | +€100 | +2.0% |
| Other tangible fixed assets | 26 | €36,433 | €36,011 | -€422 | -1.2% |
| Financial fixed assets | 28 | €130,000 | €130,000 | = | 0.0% |
| Current assets | 29/58 | €128,013 | €226,266 | +€98,253 | +76.8% |
| Stocks and contracts in progress | 3 | €3,086 | €2,633 | -€453 | -14.7% |
| Stocks | 30/36 | €3,086 | €2,633 | -€453 | -14.7% |
| Amounts receivable within one year | 40/41 | €101,277 | €179,018 | +€77,741 | +76.8% |
| Trade receivables | 40 | €6,956 | €87,499 | +€80,543 | +1,158% |
| Other amounts receivable | 41 | €94,321 | €91,519 | -€2,802 | -3.0% |
| Cash at bank and in hand | 54/58 | €18,891 | €39,101 | +€20,210 | +107% |
| Deferred charges and accrued income | 490/1 | €4,760 | €5,515 | +€755 | +15.9% |
| Total equity and liabilities | 10/49 | €308,404 | €404,418 | +€96,014 | +31.1% |
| Equity | 10/15 | €176,425 | €244,330 | +€67,905 | +38.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €170,225 | €238,130 | +€67,905 | +39.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €168,365 | €236,270 | +€67,905 | +40.3% |
| Amounts payable | 17/49 | €131,978 | €160,088 | +€28,110 | +21.3% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Financial debts | 170/4 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,980 | €80,051 | +€37,071 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €13,000 | - | -€13,000 | |
| Trade debts | 44 | €15,673 | €18,573 | +€2,900 | +18.5% |
| Suppliers | 440/4 | €15,673 | €18,573 | +€2,900 | +18.5% |
| Taxes, remuneration and social security | 45 | €13,501 | €34,067 | +€20,566 | +152% |
| Taxes | 450/3 | €9,157 | €30,070 | +€20,913 | +228% |
| Remuneration and social security | 454/9 | €4,344 | €3,997 | -€347 | -8.0% |
| Other amounts payable | 47/48 | €806 | €27,411 | +€26,605 | +3,302% |
| Accrued charges and deferred income | 492/3 | €8,998 | €37 | -€8,961 | -99.6% |
| Remuneration, social security and pensions | 62 | €19,228 | €23,543 | +€4,315 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,696 | €11,741 | +€1,045 | +9.8% |
| Other operating charges | 640/8 | €863 | €2,752 | +€1,890 | +219% |
| Gross operating margin | 9900 | €121,576 | €143,726 | +€22,150 | +18.2% |
| Operating profit (loss) | 9901 | €90,790 | €105,690 | +€14,901 | +16.4% |
| Financial income | 75/76B | €372 | €28 | -€344 | -92.5% |
| Recurring financial income | 75 | €372 | €28 | -€344 | -92.5% |
| Financial charges | 65/66B | €10,199 | €2,740 | -€7,459 | -73.1% |
| Recurring financial charges | 65 | €10,199 | €2,740 | -€7,459 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €80,963 | €102,978 | +€22,016 | +27.2% |
| Income taxes | 67/77 | €26,100 | €35,074 | +€8,973 | +34.4% |
| Profit (loss) for the period | 9904 | €54,862 | €67,905 | +€13,042 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,862 | €67,905 | +€13,042 | +23.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.