RLN GROUP: 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.
RLN GROUP
Largest movements
- Receivables within one year -€20,666
down €20,666 (-54.5%), from €37,910 to €17,244
of which Trade receivables: -€21,240
- Stocks and contracts +€3,200
up €3,200 (+1.9%), from €166,021 to €169,221
- Cash +€2,707
up €2,707 (+57.8%), from €4,684 to €7,390
mainly Receivables within one year (+€20,666) and Trade debts (+€9,028)
- Other debts -€10,842
down €10,842 (-15.5%), from €69,729 to €58,887
- Trade debts +€9,028
up €9,028 (+11.5%), from €78,396 to €87,424
- Advances received -€8,500
no longer reported in 2025 (was €8,500)
- Tax, wage and social debts -€2,356
down €2,356 (-31.6%), from €7,456 to €5,100
- Profit (loss) carried forward -€2,113
down €2,113 (-9.0%), from -€23,501 to -€25,614
- Gross operating margin -€4,672
down €4,672, from €3,897 to -€775
- Financial charges -€444
down €444 (-48.6%), from €914 to €470
of which Financial charges: -€333
- Financial income +€95
up €95 (+1171.4%), from €8 to €104
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.
Cash bridge derived
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 | €208,750 | €193,967 | -€14,782 | -7.1% |
| Fixed assets | 21/28 | €135 | €113 | -€23 | -16.7% |
| Tangible fixed assets | 22/27 | €135 | €113 | -€23 | -16.7% |
| Land and buildings | 22 | €135 | €113 | -€23 | -16.7% |
| Current assets | 29/58 | €208,615 | €193,855 | -€14,760 | -7.1% |
| Stocks and contracts in progress | 3 | €166,021 | €169,221 | +€3,200 | +1.9% |
| Stocks | 30/36 | €166,021 | €169,221 | +€3,200 | +1.9% |
| Amounts receivable within one year | 40/41 | €37,910 | €17,244 | -€20,666 | -54.5% |
| Trade receivables | 40 | €37,910 | €16,670 | -€21,240 | -56.0% |
| Other amounts receivable | 41 | - | €574 | +€574 | |
| Cash at bank and in hand | 54/58 | €4,684 | €7,390 | +€2,707 | +57.8% |
| Total equity and liabilities | 10/49 | €208,750 | €193,967 | -€14,782 | -7.1% |
| Equity | 10/15 | €44,670 | €42,557 | -€2,113 | -4.7% |
| 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% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,501 | -€25,614 | -€2,113 | -9.0% |
| Amounts payable | 17/49 | €164,080 | €151,410 | -€12,670 | -7.7% |
| Amounts payable within one year | 42/48 | €164,080 | €151,410 | -€12,670 | -7.7% |
| Trade debts | 44 | €78,396 | €87,424 | +€9,028 | +11.5% |
| Suppliers | 440/4 | €78,396 | €87,424 | +€9,028 | +11.5% |
| Advances received on contracts in progress | 46 | €8,500 | - | -€8,500 | |
| Taxes, remuneration and social security | 45 | €7,456 | €5,100 | -€2,356 | -31.6% |
| Taxes | 450/3 | €7,456 | €5,100 | -€2,356 | -31.6% |
| Other amounts payable | 47/48 | €69,729 | €58,887 | -€10,842 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23 | €23 | = | 0.0% |
| Other operating charges | 640/8 | €711 | €693 | -€17 | -2.4% |
| Non-recurring operating charges | 66A | €18 | - | -€18 | |
| Gross operating margin | 9900 | €3,897 | -€775 | -€4,672 | |
| Operating profit (loss) | 9901 | €3,146 | -€1,491 | -€4,637 | |
| Financial income | 75/76B | €8 | €104 | +€95 | +1171.4% |
| Recurring financial income | 75 | €8 | €104 | +€95 | +1171.4% |
| Financial charges | 65/66B | €914 | €470 | -€444 | -48.6% |
| Recurring financial charges | 65 | €784 | €451 | -€333 | -42.5% |
| Non-recurring financial charges | 66B | €130 | €19 | -€111 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €2,240 | -€1,857 | -€4,097 | |
| Income taxes | 67/77 | €262 | €256 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | €1,979 | -€2,113 | -€4,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,979 | -€2,113 | -€4,091 |
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 9 October 2026 via checked.be.