R & H GROUP: what changed
R & H GROUP
Largest movements
- Receivables within one year +€17,849
up €17,849 (+169%), from €10,558 to €28,407
of which Other amounts receivable: +€17,832
- Cash -€1,480
down €1,480 (-32.3%), from €4,580 to €3,100
- Formation expenses -€450
no longer reported in 2025 (was €450)
- Profit (loss) carried forward +€12,510
up €12,510 (+178%), from €7,041 to €19,551
- Trade debts +€3,070
up €3,070 (+3,796%), from €81 to €3,151
- Tax, wage and social debts +€1,912
up €1,912 (+29.4%), from €6,493 to €8,406
- Other debts -€1,573
no longer reported in 2025 (was €1,573)
- Other operating charges -€1,760
down €1,760 (-94.6%), from €1,860 to €100
- Gross operating margin +€1,028
up €1,028 (+8.5%), from €12,113 to €13,141
- Financial charges +€396
up €396 (+269%), from €147 to €543
- Depreciation -€300
down €300 (-80.0%), from €375 to €75
- Taxes +€249
up €249 (+8.0%), from €3,093 to €3,342
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,588 | €31,507 | +€15,919 | +102% |
| Formation expenses | 20 | €450 | - | -€450 | |
| Current assets | 29/58 | €15,138 | €31,507 | +€16,369 | +108% |
| Amounts receivable within one year | 40/41 | €10,558 | €28,407 | +€17,849 | +169% |
| Trade receivables | 40 | €10,558 | €10,575 | +€17 | +0.2% |
| Other amounts receivable | 41 | - | €17,832 | +€17,832 | |
| Cash at bank and in hand | 54/58 | €4,580 | €3,100 | -€1,480 | -32.3% |
| Total equity and liabilities | 10/49 | €15,588 | €31,507 | +€15,919 | +102% |
| Equity | 10/15 | €7,441 | €19,951 | +€12,510 | +168% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Capital | 10 | €400 | €400 | = | 0.0% |
| Issued capital | 100 | €1,700 | €1,700 | = | 0.0% |
| Uncalled capital | 101 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,041 | €19,551 | +€12,510 | +178% |
| Amounts payable | 17/49 | €8,147 | €11,556 | +€3,409 | +41.8% |
| Amounts payable within one year | 42/48 | €8,147 | €11,556 | +€3,409 | +41.8% |
| Trade debts | 44 | €81 | €3,151 | +€3,070 | +3,796% |
| Suppliers | 440/4 | €81 | €3,151 | +€3,070 | +3,796% |
| Taxes, remuneration and social security | 45 | €6,493 | €8,406 | +€1,912 | +29.4% |
| Taxes | 450/3 | €6,493 | €8,406 | +€1,912 | +29.4% |
| Other amounts payable | 47/48 | €1,573 | - | -€1,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375 | €75 | -€300 | -80.0% |
| Other operating charges | 640/8 | €1,860 | €100 | -€1,760 | -94.6% |
| Gross operating margin | 9900 | €12,113 | €13,141 | +€1,028 | +8.5% |
| Operating profit (loss) | 9901 | €9,877 | €12,966 | +€3,089 | +31.3% |
| Financial charges | 65/66B | €147 | €543 | +€396 | +269% |
| Recurring financial charges | 65 | €147 | €543 | +€396 | +269% |
| Profit (loss) for the period before taxes | 9903 | €9,730 | €12,423 | +€2,693 | +27.7% |
| Income taxes | 67/77 | €3,093 | €3,342 | +€249 | +8.0% |
| Profit (loss) for the period | 9904 | €6,637 | €9,081 | +€2,444 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,637 | €9,081 | +€2,444 | +36.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.