RNK: 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.
RNK
Largest movements
- Receivables within one year -€179,391
down €179,391 (-69.5%), from €258,201 to €78,810
of which Trade receivables: -€161,852
- Tangible fixed assets +€15,627
up €15,627 (+66.5%), from €23,509 to €39,136
of which Plant, machinery and equipment: +€18,352
- Cash -€9,975
down €9,975 (-15.7%), from €63,720 to €53,745
mainly Advances received (-€165,040) and Investment in fixed assets (net) (-€39,210)
- Advances received -€165,040
no longer reported in 2025 (was €165,040)
- Debts after one year -€17,821
down €17,821 (-58.9%), from €30,249 to €12,428
- Profit (loss) carried forward -€17,055
down €17,055 (-66.2%), from €25,778 to €8,723
- Current portion of long-term debt +€16,870
up €16,870 (+96.2%), from €17,543 to €34,414
- Tax, wage and social debts +€13,701
up €13,701 (+39.1%), from €35,052 to €48,753
of which Remuneration and social security: +€14,244
- Gross operating margin -€24,574
down €24,574 (-19.9%), from €123,446 to €98,872
- Depreciation -€10,344
down €10,344 (-29.8%), from €34,726 to €24,383
- Financial charges +€9,379
up €9,379 (+3616.8%), from €259 to €9,639
- Taxes -€9,000
down €9,000, from €6,000 to -€3,000
- Staff costs +€4,395
up €4,395 (+5.6%), from €78,820 to €83,215
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 | €358,701 | €184,956 | -€173,746 | -48.4% |
| Fixed assets | 21/28 | €28,400 | €43,227 | +€14,827 | +52.2% |
| Intangible fixed assets | 21 | €3,239 | €2,439 | -€800 | -24.7% |
| Tangible fixed assets | 22/27 | €23,509 | €39,136 | +€15,627 | +66.5% |
| Plant, machinery and equipment | 23 | €10,713 | €29,066 | +€18,352 | +171.3% |
| Furniture and vehicles | 24 | €1,154 | €10,070 | +€8,916 | +772.7% |
| Leasing and similar rights | 25 | €11,642 | - | -€11,642 | |
| Financial fixed assets | 28 | €1,651 | €1,651 | = | 0.0% |
| Current assets | 29/58 | €330,302 | €141,729 | -€188,573 | -57.1% |
| Stocks and contracts in progress | 3 | €8,380 | €9,174 | +€794 | +9.5% |
| Stocks | 30/36 | €8,380 | €9,174 | +€794 | +9.5% |
| Amounts receivable within one year | 40/41 | €258,201 | €78,810 | -€179,391 | -69.5% |
| Trade receivables | 40 | €222,096 | €60,243 | -€161,852 | -72.9% |
| Other amounts receivable | 41 | €36,106 | €18,567 | -€17,539 | -48.6% |
| Cash at bank and in hand | 54/58 | €63,720 | €53,745 | -€9,975 | -15.7% |
| Total equity and liabilities | 10/49 | €358,701 | €184,956 | -€173,746 | -48.4% |
| Equity | 10/15 | €44,518 | €27,463 | -€17,055 | -38.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140 | €140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €140 | €140 | = | 0.0% |
| Reserves not available under the articles | 1311 | €140 | €140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,778 | €8,723 | -€17,055 | -66.2% |
| Amounts payable | 17/49 | €314,184 | €157,493 | -€156,691 | -49.9% |
| Amounts payable after more than one year | 17 | €30,249 | €12,428 | -€17,821 | -58.9% |
| Financial debts | 170/4 | €30,249 | €12,428 | -€17,821 | -58.9% |
| Amounts payable within one year | 42/48 | €283,935 | €145,065 | -€138,870 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €17,543 | €34,414 | +€16,870 | +96.2% |
| Trade debts | 44 | €66,299 | €61,898 | -€4,400 | -6.6% |
| Suppliers | 440/4 | €66,299 | €61,898 | -€4,400 | -6.6% |
| Advances received on contracts in progress | 46 | €165,040 | - | -€165,040 | |
| Taxes, remuneration and social security | 45 | €35,052 | €48,753 | +€13,701 | +39.1% |
| Taxes | 450/3 | €1,762 | €1,220 | -€543 | -30.8% |
| Remuneration and social security | 454/9 | €33,290 | €47,533 | +€14,244 | +42.8% |
| Remuneration, social security and pensions | 62 | €78,820 | €83,215 | +€4,395 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,726 | €24,383 | -€10,344 | -29.8% |
| Other operating charges | 640/8 | €821 | €1,694 | +€873 | +106.4% |
| Gross operating margin | 9900 | €123,446 | €98,872 | -€24,574 | -19.9% |
| Operating profit (loss) | 9901 | €9,079 | -€10,421 | -€19,499 | |
| Financial income | 75/76B | €1 | €4 | +€3 | +339.0% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +339.0% |
| Financial charges | 65/66B | €259 | €9,639 | +€9,379 | +3616.8% |
| Recurring financial charges | 65 | €259 | €9,639 | +€9,379 | +3616.8% |
| Profit (loss) for the period before taxes | 9903 | €8,821 | -€20,055 | -€28,875 | |
| Income taxes | 67/77 | €6,000 | -€3,000 | -€9,000 | |
| Profit (loss) for the period | 9904 | €2,821 | -€17,055 | -€19,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,821 | -€17,055 | -€19,875 |
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 10 October 2026 via checked.be.