RnW-Industry: 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.
RnW-Industry
Largest movements
- Cash +€27,624
up €27,624 (+56.3%), from €49,097 to €76,721
mainly Other debts (+€37,464) and Net result for the year (+€20,795)
- Receivables within one year -€19,539
down €19,539 (-51.2%), from €38,189 to €18,650
of which Trade receivables: -€22,167
- Tangible fixed assets -€5,732
down €5,732 (-32.5%), from €17,643 to €11,911
of which Furniture and vehicles: -€5,212
- Other debts +€37,464
up €37,464 (+399%), from €9,383 to €46,848
- Reserves -€29,205
down €29,205 (-43.4%), from €67,250 to €38,045
- Tax, wage and social debts -€3,301
down €3,301 (-27.9%), from €11,818 to €8,517
- Debts after one year -€3,140
down €3,140 (-28.9%), from €10,871 to €7,731
- Gross operating margin -€5,642
down €5,642 (-14.4%), from €39,241 to €33,599
- Taxes -€1,078
down €1,078 (-16.3%), from €6,599 to €5,520
- Depreciation -€514
down €514 (-8.2%), from €6,245 to €5,732
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.
Derived cash bridge
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 | €107,124 | €109,943 | +€2,819 | +2.6% |
| Fixed assets | 21/28 | €17,643 | €11,911 | -€5,732 | -32.5% |
| Tangible fixed assets | 22/27 | €17,643 | €11,911 | -€5,732 | -32.5% |
| Plant, machinery and equipment | 23 | €942 | €423 | -€519 | -55.1% |
| Furniture and vehicles | 24 | €16,701 | €11,489 | -€5,212 | -31.2% |
| Current assets | 29/58 | €89,481 | €98,031 | +€8,550 | +9.6% |
| Amounts receivable within one year | 40/41 | €38,189 | €18,650 | -€19,539 | -51.2% |
| Trade receivables | 40 | €37,857 | €15,689 | -€22,167 | -58.6% |
| Other amounts receivable | 41 | €333 | €2,961 | +€2,628 | +790% |
| Cash at bank and in hand | 54/58 | €49,097 | €76,721 | +€27,624 | +56.3% |
| Deferred charges and accrued income | 490/1 | €2,194 | €2,660 | +€466 | +21.2% |
| Total equity and liabilities | 10/49 | €107,124 | €109,943 | +€2,819 | +2.6% |
| Equity | 10/15 | €70,250 | €41,045 | -€29,205 | -41.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,250 | €38,045 | -€29,205 | -43.4% |
| Distributable reserves | 133 | €67,250 | €38,045 | -€29,205 | -43.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,874 | €68,898 | +€32,024 | +86.8% |
| Amounts payable after more than one year | 17 | €10,871 | €7,731 | -€3,140 | -28.9% |
| Financial debts | 170/4 | €10,871 | €7,731 | -€3,140 | -28.9% |
| Amounts payable within one year | 42/48 | €24,753 | €59,917 | +€35,164 | +142% |
| Current portion of amounts payable after more than one year | 42 | €2,972 | €3,140 | +€168 | +5.7% |
| Trade debts | 44 | €580 | €1,412 | +€832 | +143% |
| Suppliers | 440/4 | €580 | €1,412 | +€832 | +143% |
| Taxes, remuneration and social security | 45 | €11,818 | €8,517 | -€3,301 | -27.9% |
| Taxes | 450/3 | €11,818 | €8,517 | -€3,301 | -27.9% |
| Other amounts payable | 47/48 | €9,383 | €46,848 | +€37,464 | +399% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,245 | €5,732 | -€514 | -8.2% |
| Other operating charges | 640/8 | €669 | €688 | +€18 | +2.7% |
| Gross operating margin | 9900 | €39,241 | €33,599 | -€5,642 | -14.4% |
| Operating profit (loss) | 9901 | €32,326 | €27,180 | -€5,146 | -15.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €819 | €864 | +€45 | +5.5% |
| Recurring financial charges | 65 | €819 | €864 | +€45 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €31,506 | €26,315 | -€5,191 | -16.5% |
| Income taxes | 67/77 | €6,599 | €5,520 | -€1,078 | -16.3% |
| Profit (loss) for the period | 9904 | €24,908 | €20,795 | -€4,113 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,908 | €20,795 | -€4,113 | -16.5% |
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 25 October 2026 via checked.be.