RN Holding: 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.
RN Holding
Largest movements
- Tangible fixed assets -€36,443
down €36,443 (-46.4%), from €78,506 to €42,063
- Receivables within one year -€27,445
down €27,445 (-15.2%), from €180,758 to €153,313
of which Trade receivables: -€22,410
- Stocks and contracts -€15,467
down €15,467 (-46.6%), from €33,195 to €17,728
- Trade debts -€73,677
down €73,677 (-67.4%), from €109,345 to €35,667
- Debts after one year -€26,315
down €26,315 (-84.0%), from €31,315 to €5,000
- Short-term financial debts +€10,073
up €10,073 (+53.8%), from €18,727 to €28,800
- Reserves +€9,451
up €9,451 (+20.1%), from €47,067 to €56,518
of which Distributable reserves: +€11,394
- Tax, wage and social debts +€4,376
up €4,376 (+101.3%), from €4,318 to €8,694
- Depreciation -€2,247
down €2,247 (-5.7%), from €39,605 to €37,358
- Financial charges +€2,196
up €2,196 (+45.5%), from €4,826 to €7,022
- Taxes +€2,017
up €2,017 (+57.0%), from €3,540 to €5,557
- Other operating charges -€1,728
down €1,728 (-71.5%), from €2,416 to €688
- Staff costs -€934
down €934 (-100.0%), from €934 to €0
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 | €294,547 | €215,192 | -€79,355 | -26.9% |
| Fixed assets | 21/28 | €78,506 | €42,063 | -€36,443 | -46.4% |
| Tangible fixed assets | 22/27 | €78,506 | €42,063 | -€36,443 | -46.4% |
| Plant, machinery and equipment | 23 | €26,948 | €19,801 | -€7,147 | -26.5% |
| Furniture and vehicles | 24 | €28,560 | €18,310 | -€10,250 | -35.9% |
| Leasing and similar rights | 25 | €17,900 | €50 | -€17,850 | -99.7% |
| Other tangible fixed assets | 26 | €5,099 | €3,903 | -€1,196 | -23.5% |
| Current assets | 29/58 | €216,040 | €173,129 | -€42,912 | -19.9% |
| Stocks and contracts in progress | 3 | €33,195 | €17,728 | -€15,467 | -46.6% |
| Stocks | 30/36 | €33,195 | €17,728 | -€15,467 | -46.6% |
| Amounts receivable within one year | 40/41 | €180,758 | €153,313 | -€27,445 | -15.2% |
| Trade receivables | 40 | €170,976 | €148,567 | -€22,410 | -13.1% |
| Other amounts receivable | 41 | €9,782 | €4,746 | -€5,035 | -51.5% |
| Cash at bank and in hand | 54/58 | €2,088 | €2,088 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €294,547 | €215,192 | -€79,355 | -26.9% |
| Equity | 10/15 | €101,264 | €110,715 | +€9,451 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,067 | €56,518 | +€9,451 | +20.1% |
| Tax-exempt reserves | 132 | €1,943 | €0 | -€1,943 | -100.0% |
| Distributable reserves | 133 | €45,124 | €56,518 | +€11,394 | +25.2% |
| Profit (loss) carried forward | 14 | €35,597 | €35,597 | = | 0.0% |
| Provisions and deferred taxes | 16 | €486 | €0 | -€486 | -100.0% |
| Deferred taxes | 168 | €486 | €0 | -€486 | -100.0% |
| Amounts payable | 17/49 | €192,797 | €104,477 | -€88,320 | -45.8% |
| Amounts payable after more than one year | 17 | €31,315 | €5,000 | -€26,315 | -84.0% |
| Financial debts | 170/4 | €31,315 | €5,000 | -€26,315 | -84.0% |
| Amounts payable within one year | 42/48 | €161,482 | €99,477 | -€62,005 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €29,092 | €26,315 | -€2,777 | -9.5% |
| Financial debts | 43 | €18,727 | €28,800 | +€10,073 | +53.8% |
| Credit institutions | 430/8 | €18,727 | €28,800 | +€10,073 | +53.8% |
| Trade debts | 44 | €109,345 | €35,667 | -€73,677 | -67.4% |
| Suppliers | 440/4 | €109,345 | €35,667 | -€73,677 | -67.4% |
| Taxes, remuneration and social security | 45 | €4,318 | €8,694 | +€4,376 | +101.3% |
| Taxes | 450/3 | €4,318 | €8,694 | +€4,376 | +101.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €934 | €0 | -€934 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,605 | €37,358 | -€2,247 | -5.7% |
| Other operating charges | 640/8 | €2,416 | €688 | -€1,728 | -71.5% |
| Gross operating margin | 9900 | €51,828 | €52,448 | +€620 | +1.2% |
| Operating profit (loss) | 9901 | €8,873 | €14,402 | +€5,529 | +62.3% |
| Financial income | 75/76B | €6,495 | €7,142 | +€648 | +10.0% |
| Recurring financial income | 75 | €6,495 | €7,142 | +€648 | +10.0% |
| Financial charges | 65/66B | €4,826 | €7,022 | +€2,196 | +45.5% |
| Recurring financial charges | 65 | €4,826 | €7,022 | +€2,196 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €10,541 | €14,522 | +€3,981 | +37.8% |
| Transfer from deferred taxes | 780 | €486 | €486 | +€0 | 0.0% |
| Income taxes | 67/77 | €3,540 | €5,557 | +€2,017 | +57.0% |
| Profit (loss) for the period | 9904 | €7,487 | €9,451 | +€1,964 | +26.2% |
| Transfer from tax-exempt reserves | 789 | €1,943 | €1,943 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,430 | €11,394 | +€1,964 | +20.8% |
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 11 October 2026 via checked.be.