RNTH.: 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.
RNTH.
Largest movements
- Receivables within one year +€171,316
up €171,316 (+686.8%), from €24,944 to €196,259
of which Trade receivables: +€183,812
- Tangible fixed assets -€149,434
down €149,434 (-27.0%), from €552,518 to €403,084
of which Leasing and similar rights: -€86,247
- Cash -€8,247
down €8,247 (-84.7%), from €9,736 to €1,489
mainly Receivables within one year (-€171,316) and Debts after one year (-€94,065)
- Debts after one year -€94,065
down €94,065 (-37.8%), from €249,104 to €155,040
- Other debts +€44,005
up €44,005 (+121.5%), from €36,211 to €80,216
- Tax, wage and social debts +€23,024
up €23,024 (+306.9%), from €7,503 to €30,528
of which Taxes: +€23,024
- Reserves +€20,157
up €20,157 (+26.0%), from €77,514 to €97,672
- Trade debts +€16,753
up €16,753 (+15.6%), from €107,629 to €124,382
- Gross operating margin +€63,643
up €63,643 (+29.2%), from €218,257 to €281,899
- Depreciation +€24,978
up €24,978 (+17.0%), from €146,956 to €171,934
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 | €588,403 | €601,947 | +€13,544 | +2.3% |
| Fixed assets | 21/28 | €552,518 | €403,084 | -€149,434 | -27.0% |
| Tangible fixed assets | 22/27 | €552,518 | €403,084 | -€149,434 | -27.0% |
| Plant, machinery and equipment | 23 | €209,386 | €146,199 | -€63,187 | -30.2% |
| Leasing and similar rights | 25 | €343,132 | €256,885 | -€86,247 | -25.1% |
| Current assets | 29/58 | €35,886 | €198,864 | +€162,978 | +454.2% |
| Amounts receivable within one year | 40/41 | €24,944 | €196,259 | +€171,316 | +686.8% |
| Trade receivables | 40 | €12,447 | €196,259 | +€183,812 | +1476.7% |
| Other amounts receivable | 41 | €12,496 | €0 | -€12,496 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,736 | €1,489 | -€8,247 | -84.7% |
| Deferred charges and accrued income | 490/1 | €1,206 | €1,116 | -€90 | -7.5% |
| Total equity and liabilities | 10/49 | €588,403 | €601,947 | +€13,544 | +2.3% |
| Equity | 10/15 | €97,514 | €117,672 | +€20,157 | +20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €77,514 | €97,672 | +€20,157 | +26.0% |
| Distributable reserves | 133 | €77,514 | €97,672 | +€20,157 | +26.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €490,889 | €484,276 | -€6,613 | -1.3% |
| Amounts payable after more than one year | 17 | €249,104 | €155,040 | -€94,065 | -37.8% |
| Financial debts | 170/4 | €249,104 | €155,040 | -€94,065 | -37.8% |
| Amounts payable within one year | 42/48 | €241,666 | €329,191 | +€87,525 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €90,322 | €94,065 | +€3,742 | +4.1% |
| Trade debts | 44 | €107,629 | €124,382 | +€16,753 | +15.6% |
| Suppliers | 440/4 | €107,629 | €124,382 | +€16,753 | +15.6% |
| Taxes, remuneration and social security | 45 | €7,503 | €30,528 | +€23,024 | +306.9% |
| Taxes | 450/3 | €503 | €23,528 | +€23,024 | +4573.3% |
| Remuneration and social security | 454/9 | €7,000 | €7,000 | = | 0.0% |
| Other amounts payable | 47/48 | €36,211 | €80,216 | +€44,005 | +121.5% |
| Accrued charges and deferred income | 492/3 | €119 | €45 | -€74 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,956 | €171,934 | +€24,978 | +17.0% |
| Other operating charges | 640/8 | €598 | €846 | +€247 | +41.3% |
| Gross operating margin | 9900 | €218,257 | €281,899 | +€63,643 | +29.2% |
| Operating profit (loss) | 9901 | €70,702 | €109,120 | +€38,418 | +54.3% |
| Financial income | 75/76B | €57 | €0 | -€57 | -100.0% |
| Recurring financial income | 75 | €57 | €0 | -€57 | -100.0% |
| Financial charges | 65/66B | €12,745 | €13,239 | +€494 | +3.9% |
| Recurring financial charges | 65 | €12,745 | €13,239 | +€494 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €58,014 | €95,881 | +€37,867 | +65.3% |
| Income taxes | 67/77 | €5,503 | €6,724 | +€1,220 | +22.2% |
| Profit (loss) for the period | 9904 | €52,510 | €89,157 | +€36,647 | +69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,510 | €89,157 | +€36,647 | +69.8% |
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.