RNQN: 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.
RNQN
Largest movements
- Cash +€10,062
up €10,062 (+39.7%), from €25,376 to €35,439
mainly Net result for the year (+€20,717) and Depreciation (+€12,726)
- Deferred charges and accrued income +€6,000
new in 2025: €6,000
- Receivables within one year +€2,982
new in 2025: €2,982
- Tangible fixed assets +€2,979
up €2,979 (+3.2%), from €92,874 to €95,853
of which Land and buildings: +€3,646
- Profit (loss) carried forward +€20,717
up €20,717 (+206.6%), from €10,028 to €30,745
- Tax, wage and social debts +€5,033
up €5,033 (+72.4%), from €6,949 to €11,982
- Trade debts -€2,216
down €2,216 (-19.4%), from €11,448 to €9,232
- Gross operating margin +€26,193
up €26,193 (+133.8%), from €19,578 to €45,771
- Depreciation +€7,194
up €7,194 (+130.0%), from €5,532 to €12,726
- Taxes +€4,548
up €4,548 (+694.9%), from €655 to €5,202
- Staff costs +€1,945
up €1,945 (+101.7%), from €1,913 to €3,858
- Other operating charges +€1,188
up €1,188 (+84.8%), from €1,401 to €2,589
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 | €127,313 | €150,397 | +€23,084 | +18.1% |
| Fixed assets | 21/28 | €92,874 | €95,853 | +€2,979 | +3.2% |
| Tangible fixed assets | 22/27 | €92,874 | €95,853 | +€2,979 | +3.2% |
| Land and buildings | 22 | €79,755 | €83,401 | +€3,646 | +4.6% |
| Plant, machinery and equipment | 23 | €10,786 | €8,408 | -€2,378 | -22.0% |
| Furniture and vehicles | 24 | €2,333 | €4,044 | +€1,711 | +73.3% |
| Current assets | 29/58 | €34,439 | €54,544 | +€20,105 | +58.4% |
| Stocks and contracts in progress | 3 | €9,063 | €10,123 | +€1,061 | +11.7% |
| Stocks | 30/36 | €9,063 | €10,123 | +€1,061 | +11.7% |
| Amounts receivable within one year | 40/41 | - | €2,982 | +€2,982 | |
| Trade receivables | 40 | - | €2,982 | +€2,982 | |
| Cash at bank and in hand | 54/58 | €25,376 | €35,439 | +€10,062 | +39.7% |
| Deferred charges and accrued income | 490/1 | - | €6,000 | +€6,000 | |
| Total equity and liabilities | 10/49 | €127,313 | €150,397 | +€23,084 | +18.1% |
| Equity | 10/15 | €15,028 | €35,745 | +€20,717 | +137.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,028 | €30,745 | +€20,717 | +206.6% |
| Amounts payable | 17/49 | €112,285 | €114,652 | +€2,367 | +2.1% |
| Amounts payable within one year | 42/48 | €112,285 | €114,652 | +€2,367 | +2.1% |
| Trade debts | 44 | €11,448 | €9,232 | -€2,216 | -19.4% |
| Suppliers | 440/4 | €11,448 | €9,232 | -€2,216 | -19.4% |
| Taxes, remuneration and social security | 45 | €6,949 | €11,982 | +€5,033 | +72.4% |
| Taxes | 450/3 | €6,949 | €11,982 | +€5,033 | +72.4% |
| Other amounts payable | 47/48 | €93,889 | €93,438 | -€450 | -0.5% |
| Remuneration, social security and pensions | 62 | €1,913 | €3,858 | +€1,945 | +101.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,532 | €12,726 | +€7,194 | +130.0% |
| Other operating charges | 640/8 | €1,401 | €2,589 | +€1,188 | +84.8% |
| Gross operating margin | 9900 | €19,578 | €45,771 | +€26,193 | +133.8% |
| Operating profit (loss) | 9901 | €10,733 | €26,598 | +€15,865 | +147.8% |
| Financial income | 75/76B | €20 | €34 | +€14 | +70.1% |
| Recurring financial income | 75 | €20 | €34 | +€14 | +70.1% |
| Financial charges | 65/66B | €70 | €712 | +€642 | +912.7% |
| Recurring financial charges | 65 | €70 | €712 | +€642 | +912.7% |
| Profit (loss) for the period before taxes | 9903 | €10,682 | €25,920 | +€15,237 | +142.6% |
| Income taxes | 67/77 | €655 | €5,202 | +€4,548 | +694.9% |
| Profit (loss) for the period | 9904 | €10,028 | €20,717 | +€10,689 | +106.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,028 | €20,717 | +€10,689 | +106.6% |
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 7 October 2026 via checked.be.