RN Management: 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.
RN Management
Largest movements
- Cash +€60,993
up €60,993 (+307.9%), from €19,809 to €80,802
mainly Net result for the year (+€102,662) and Receivables within one year (+€27,336)
- Receivables within one year -€27,336
down €27,336 (-60.5%), from €45,197 to €17,861
of which Trade receivables: -€28,849
- Tangible fixed assets -€1,183
down €1,183 (-42.1%), from €2,810 to €1,627
- Other debts +€21,587
up €21,587 (+37.9%), from €56,998 to €78,585
- Reserves +€7,662
up €7,662 (+1418.2%), from €540 to €8,202
- Tax, wage and social debts +€3,637
up €3,637 (+31.8%), from €11,426 to €15,063
- Gross operating margin +€63,497
up €63,497 (+89.7%), from €70,811 to €134,309
- Taxes +€14,786
up €14,786 (+100.6%), from €14,703 to €29,489
- Financial income -€1,789
down €1,789 (-100.0%), from €1,789 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 | €72,690 | €105,024 | +€32,334 | +44.5% |
| Fixed assets | 21/28 | €2,810 | €1,627 | -€1,183 | -42.1% |
| Tangible fixed assets | 22/27 | €2,810 | €1,627 | -€1,183 | -42.1% |
| Furniture and vehicles | 24 | €2,810 | €1,627 | -€1,183 | -42.1% |
| Current assets | 29/58 | €69,880 | €103,398 | +€33,518 | +48.0% |
| Amounts receivable within one year | 40/41 | €45,197 | €17,861 | -€27,336 | -60.5% |
| Trade receivables | 40 | €43,896 | €15,048 | -€28,849 | -65.7% |
| Other amounts receivable | 41 | €1,301 | €2,814 | +€1,512 | +116.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,809 | €80,802 | +€60,993 | +307.9% |
| Deferred charges and accrued income | 490/1 | €4,874 | €4,734 | -€140 | -2.9% |
| Total equity and liabilities | 10/49 | €72,690 | €105,024 | +€32,334 | +44.5% |
| Equity | 10/15 | €3,540 | €11,202 | +€7,662 | +216.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €540 | €8,202 | +€7,662 | +1418.2% |
| Distributable reserves | 133 | €540 | €8,202 | +€7,662 | +1418.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,150 | €93,823 | +€24,673 | +35.7% |
| Amounts payable within one year | 42/48 | €69,150 | €93,823 | +€24,673 | +35.7% |
| Trade debts | 44 | €726 | €175 | -€551 | -75.9% |
| Suppliers | 440/4 | €726 | €175 | -€551 | -75.9% |
| Taxes, remuneration and social security | 45 | €11,426 | €15,063 | +€3,637 | +31.8% |
| Taxes | 450/3 | €11,426 | €15,063 | +€3,637 | +31.8% |
| Other amounts payable | 47/48 | €56,998 | €78,585 | +€21,587 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | €1,183 | = | 0.0% |
| Other operating charges | 640/8 | €552 | €837 | +€285 | +51.7% |
| Gross operating margin | 9900 | €70,811 | €134,309 | +€63,497 | +89.7% |
| Operating profit (loss) | 9901 | €69,077 | €132,289 | +€63,212 | +91.5% |
| Financial income | 75/76B | €1,789 | €0 | -€1,789 | -100.0% |
| Recurring financial income | 75 | €1,789 | €0 | -€1,789 | -100.0% |
| Financial charges | 65/66B | €200 | €138 | -€62 | -30.8% |
| Recurring financial charges | 65 | €200 | €138 | -€62 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €70,666 | €132,150 | +€61,484 | +87.0% |
| Income taxes | 67/77 | €14,703 | €29,489 | +€14,786 | +100.6% |
| Profit (loss) for the period | 9904 | €55,963 | €102,662 | +€46,698 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,963 | €102,662 | +€46,698 | +83.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.