RNG LOGICS: 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.
RNG LOGICS
Largest movements
- Receivables within one year +€64,968
up €64,968 (+55.0%), from €118,162 to €183,130
of which Trade receivables: +€51,405
- Cash +€20,232
up €20,232 (+172.2%), from €11,750 to €31,982
mainly Net result for the year (+€45,321) and Other debts (+€32,578)
- Tangible fixed assets -€6,563
down €6,563 (-3.8%), from €174,265 to €167,702
of which Land and buildings: -€4,181
- Reserves +€40,000
up €40,000 (+33.9%), from €118,000 to €158,000
- Other debts +€32,578
up €32,578 (+915.1%), from €3,560 to €36,139
- Tax, wage and social debts +€22,070
up €22,070 (+94.1%), from €23,443 to €45,513
- Debts after one year -€21,239
down €21,239 (-8.3%), from €256,258 to €235,019
- Current portion of long-term debt -€8,640
down €8,640 (-28.1%), from €30,721 to €22,081
- Gross operating margin +€14,430
up €14,430 (+14.7%), from €98,178 to €112,608
- Other operating charges +€3,248
up €3,248 (+200.8%), from €1,618 to €4,866
- Taxes -€2,586
down €2,586 (-11.9%), from €21,785 to €19,199
- Financial charges -€1,458
down €1,458 (-9.6%), from €15,181 to €13,723
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 | €537,437 | €614,622 | +€77,186 | +14.4% |
| Fixed assets | 21/28 | €174,265 | €167,702 | -€6,563 | -3.8% |
| Tangible fixed assets | 22/27 | €174,265 | €167,702 | -€6,563 | -3.8% |
| Land and buildings | 22 | €120,229 | €116,048 | -€4,181 | -3.5% |
| Plant, machinery and equipment | 23 | €6,215 | €6,254 | +€39 | +0.6% |
| Furniture and vehicles | 24 | €47,821 | €45,400 | -€2,421 | -5.1% |
| Current assets | 29/58 | €363,172 | €446,920 | +€83,749 | +23.1% |
| Stocks and contracts in progress | 3 | €230,604 | €230,604 | = | 0.0% |
| Stocks | 30/36 | €230,604 | €230,604 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,162 | €183,130 | +€64,968 | +55.0% |
| Trade receivables | 40 | €117,089 | €168,494 | +€51,405 | +43.9% |
| Other amounts receivable | 41 | €1,074 | €14,636 | +€13,562 | +1263.3% |
| Cash at bank and in hand | 54/58 | €11,750 | €31,982 | +€20,232 | +172.2% |
| Deferred charges and accrued income | 490/1 | €2,656 | €1,205 | -€1,451 | -54.6% |
| Total equity and liabilities | 10/49 | €537,437 | €614,622 | +€77,186 | +14.4% |
| Equity | 10/15 | €134,514 | €179,835 | +€45,321 | +33.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €118,000 | €158,000 | +€40,000 | +33.9% |
| Distributable reserves | 133 | €118,000 | €158,000 | +€40,000 | +33.9% |
| Profit (loss) carried forward | 14 | €8,454 | €13,775 | +€5,321 | +62.9% |
| Amounts payable | 17/49 | €402,923 | €434,788 | +€31,865 | +7.9% |
| Amounts payable after more than one year | 17 | €256,258 | €235,019 | -€21,239 | -8.3% |
| Financial debts | 170/4 | €256,258 | €235,019 | -€21,239 | -8.3% |
| Amounts payable within one year | 42/48 | €146,664 | €199,768 | +€53,104 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €30,721 | €22,081 | -€8,640 | -28.1% |
| Trade debts | 44 | €88,941 | €96,037 | +€7,096 | +8.0% |
| Suppliers | 440/4 | €88,941 | €96,037 | +€7,096 | +8.0% |
| Taxes, remuneration and social security | 45 | €23,443 | €45,513 | +€22,070 | +94.1% |
| Taxes | 450/3 | €23,443 | €45,513 | +€22,070 | +94.1% |
| Other amounts payable | 47/48 | €3,560 | €36,139 | +€32,578 | +915.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,704 | €11,376 | -€328 | -2.8% |
| Other operating charges | 640/8 | €1,618 | €4,866 | +€3,248 | +200.8% |
| Non-recurring operating charges | 66A | - | €18,123 | +€18,123 | |
| Gross operating margin | 9900 | €98,178 | €112,608 | +€14,430 | +14.7% |
| Operating profit (loss) | 9901 | €84,856 | €78,243 | -€6,613 | -7.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €15,181 | €13,723 | -€1,458 | -9.6% |
| Recurring financial charges | 65 | €15,181 | €13,723 | -€1,458 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €69,676 | €64,520 | -€5,156 | -7.4% |
| Income taxes | 67/77 | €21,785 | €19,199 | -€2,586 | -11.9% |
| Profit (loss) for the period | 9904 | €47,890 | €45,321 | -€2,569 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,890 | €45,321 | -€2,569 | -5.4% |
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 6 October 2026 via checked.be.