RYTHMOCARD: 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.
What changed
RYTHMOCARD
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€218,705
2024 · €220,334-€1,629
Equity
€1.5m
2024 · €1.3m+€211,985
Cash
€7,701
2024 · €8,846-€1,145
Balance sheet total
€2.0m
2024 · €1.9m+€171,562
Largest movements
Assets
- Receivables after one year +€208,627
up €208,627 (+22.7%), from €918,138 to €1.1m
- Receivables within one year -€27,469
down €27,469 (-17.1%), from €160,208 to €132,739
of which Trade receivables: -€32,546
Equity and liabilities
- Reserves +€218,705
up €218,705 (+54.0%), from €404,726 to €623,431
- Accrued charges and deferred income -€32,068
no longer reported in 2025 (was €32,068)
Income statement
- Depreciation +€18,012
up €18,012 (+33.9%), from €53,124 to €71,136
- Gross operating margin +€11,378
up €11,378 (+3.5%), from €329,699 to €341,077
- Financial income +€11,026
up €11,026 (+16.1%), from €68,367 to €79,393
- Taxes +€4,984
up €4,984 (+4.9%), from €102,198 to €107,182
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.
Result 2024
€220,334
Gross operating margin
+€11,378
Depreciation
-€18,012
Other operating charges
-€170
Financial income
+€11,026
Financial charges
-€867
Taxes
-€4,984
Result 2025
€218,705
raises the resultlowers the result
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.
From operations
+€85,802
Investment
-€78,199
Financing
-€8,748
Cash 2024
€8,846
From operations (derived)
+€85,802
Net result for the year
+€218,705
Depreciation
+€71,136
Receivables after one year
-€208,627
Receivables within one year
+€27,469
Deferred charges and accrued income
+€15,514
Trade debts
-€15,869
Tax, wage and social debts
+€9,542
Accrued charges and deferred income
-€32,068
Investment (derived)
-€78,199
Investment in fixed assets (net)
-€78,199
Financing
-€8,748
Debts after one year
-€12,584
Current portion of long-term debt
-€5,928
Short-term financial debts
+€16,484
Contributions, distributions and other
-€6,720
Cash 2025
€7,701
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,859,703 | €2,031,265 | +€171,562 | +9.2% |
| Fixed assets | 21/28 | €566,503 | €573,566 | +€7,063 | +1.2% |
| Tangible fixed assets | 22/27 | €560,247 | €567,210 | +€6,963 | +1.2% |
| Land and buildings | 22 | €463,310 | €467,204 | +€3,894 | +0.8% |
| Plant, machinery and equipment | 23 | €25,602 | €22,772 | -€2,830 | -11.1% |
| Furniture and vehicles | 24 | €49,299 | €62,894 | +€13,595 | +27.6% |
| Leasing and similar rights | 25 | €7,707 | €761 | -€6,946 | -90.1% |
| Assets under construction and advance payments | 27 | €14,329 | €13,579 | -€750 | -5.2% |
| Financial fixed assets | 28 | €6,256 | €6,356 | +€100 | +1.6% |
| Current assets | 29/58 | €1,293,200 | €1,457,699 | +€164,499 | +12.7% |
| Amounts receivable after more than one year | 29 | €918,138 | €1,126,765 | +€208,627 | +22.7% |
| Other amounts receivable | 291 | €918,138 | €1,126,765 | +€208,627 | +22.7% |
| Amounts receivable within one year | 40/41 | €160,208 | €132,739 | -€27,469 | -17.1% |
| Trade receivables | 40 | €34,583 | €2,037 | -€32,546 | -94.1% |
| Other amounts receivable | 41 | €125,625 | €130,702 | +€5,077 | +4.0% |
| Cash at bank and in hand | 54/58 | €8,846 | €7,701 | -€1,145 | -12.9% |
| Deferred charges and accrued income | 490/1 | €206,008 | €190,494 | -€15,514 | -7.5% |
| Total equity and liabilities | 10/49 | €1,859,703 | €2,031,265 | +€171,562 | +9.2% |
| Equity | 10/15 | €1,330,145 | €1,542,130 | +€211,985 | +15.9% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €404,726 | €623,431 | +€218,705 | +54.0% |
| Distributable reserves | 133 | €404,726 | €623,431 | +€218,705 | +54.0% |
| Profit (loss) carried forward | 14 | €807,225 | €807,225 | = | 0.0% |
| Investment grants | 15 | €37,629 | €30,909 | -€6,720 | -17.9% |
| Provisions and deferred taxes | 16 | €195,000 | €195,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €195,000 | €195,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €195,000 | €195,000 | = | 0.0% |
| Amounts payable | 17/49 | €334,558 | €294,135 | -€40,423 | -12.1% |
| Amounts payable after more than one year | 17 | €15,553 | €2,969 | -€12,584 | -80.9% |
| Financial debts | 170/4 | €15,553 | €2,969 | -€12,584 | -80.9% |
| Amounts payable within one year | 42/48 | €286,937 | €291,166 | +€4,229 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €18,532 | €12,604 | -€5,928 | -32.0% |
| Financial debts | 43 | €54,918 | €71,402 | +€16,484 | +30.0% |
| Credit institutions | 430/8 | €54,918 | €71,402 | +€16,484 | +30.0% |
| Trade debts | 44 | €44,381 | €28,512 | -€15,869 | -35.8% |
| Suppliers | 440/4 | €44,381 | €28,512 | -€15,869 | -35.8% |
| Taxes, remuneration and social security | 45 | €169,106 | €178,648 | +€9,542 | +5.6% |
| Taxes | 450/3 | €169,106 | €178,648 | +€9,542 | +5.6% |
| Accrued charges and deferred income | 492/3 | €32,068 | - | -€32,068 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,124 | €71,136 | +€18,012 | +33.9% |
| Other operating charges | 640/8 | €10,325 | €10,495 | +€170 | +1.6% |
| Gross operating margin | 9900 | €329,699 | €341,077 | +€11,378 | +3.5% |
| Operating profit (loss) | 9901 | €266,250 | €259,446 | -€6,804 | -2.6% |
| Financial income | 75/76B | €68,367 | €79,393 | +€11,026 | +16.1% |
| Recurring financial income | 75 | €68,367 | €79,393 | +€11,026 | +16.1% |
| Financial charges | 65/66B | €12,085 | €12,952 | +€867 | +7.2% |
| Recurring financial charges | 65 | €12,085 | €12,952 | +€867 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €322,532 | €325,887 | +€3,355 | +1.0% |
| Income taxes | 67/77 | €102,198 | €107,182 | +€4,984 | +4.9% |
| Profit (loss) for the period | 9904 | €220,334 | €218,705 | -€1,629 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €220,334 | €218,705 | -€1,629 | -0.7% |
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 14 October 2026 via checked.be.