RINVAL: what changed
Two fiscal 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.
RINVAL
Largest movements
- Tangible fixed assets +€75,878
up €75,878 (+2.7%), from €2.8m to €2.9m
of which Land and buildings: +€77,839
- Debts after one year +€117,000
up €117,000 (+2.9%), from €4.1m to €4.2m
- Profit (loss) carried forward -€36,868
down €36,868 (-2.7%), from -€1.4m to -€1.4m
- Gross operating margin +€3,804
up €3,804 (+11.0%), from -€34,640 to -€30,835
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,788,247 | €2,866,269 | +€78,021 | +2.8% |
| Fixed assets | 21/28 | €2,779,314 | €2,855,192 | +€75,878 | +2.7% |
| Tangible fixed assets | 22/27 | €2,779,314 | €2,855,192 | +€75,878 | +2.7% |
| Land and buildings | 22 | €2,772,738 | €2,850,577 | +€77,839 | +2.8% |
| Furniture and vehicles | 24 | €6,576 | €4,615 | -€1,961 | -29.8% |
| Current assets | 29/58 | €8,933 | €11,076 | +€2,143 | +24.0% |
| Cash at bank and in hand | 54/58 | €5,114 | €7,339 | +€2,225 | +43.5% |
| Deferred charges and accrued income | 490/1 | €3,820 | €3,738 | -€82 | -2.1% |
| Total equity and liabilities | 10/49 | €2,788,247 | €2,866,269 | +€78,021 | +2.8% |
| Equity | 10/15 | -€1,307,036 | -€1,343,905 | -€36,868 | -2.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,369,010 | -€1,405,878 | -€36,868 | -2.7% |
| Amounts payable | 17/49 | €4,095,283 | €4,210,173 | +€114,890 | +2.8% |
| Amounts payable after more than one year | 17 | €4,071,004 | €4,188,004 | +€117,000 | +2.9% |
| Other amounts payable | 178/9 | €4,071,004 | €4,188,004 | +€117,000 | +2.9% |
| Amounts payable within one year | 42/48 | €24,280 | €22,169 | -€2,110 | -8.7% |
| Trade debts | 44 | €19,995 | €16,340 | -€3,655 | -18.3% |
| Suppliers | 440/4 | €19,995 | €16,340 | -€3,655 | -18.3% |
| Other amounts payable | 47/48 | €4,284 | €5,829 | +€1,545 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,961 | €1,961 | = | 0.0% |
| Other operating charges | 640/8 | €3,670 | €3,787 | +€117 | +3.2% |
| Gross operating margin | 9900 | -€34,640 | -€30,835 | +€3,804 | +11.0% |
| Operating profit (loss) | 9901 | -€40,271 | -€36,584 | +€3,687 | +9.2% |
| Financial charges | 65/66B | €281 | €285 | +€4 | +1.4% |
| Recurring financial charges | 65 | €281 | €285 | +€4 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,552 | -€36,868 | +€3,683 | +9.1% |
| Profit (loss) for the period | 9904 | -€40,552 | -€36,868 | +€3,683 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,552 | -€36,868 | +€3,683 | +9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.