R-HS GROUP: 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.
R-HS GROUP
Largest movements
- Receivables within one year +€15,141
up €15,141 (+1,550%), from €977 to €16,118
- Cash -€6,722
down €6,722 (-30.6%), from €21,962 to €15,241
mainly Receivables within one year (-€15,141) and Other debts (-€7,253)
- Tangible fixed assets -€1,839
down €1,839 (-9.0%), from €20,463 to €18,624
of which Furniture and vehicles: -€1,346
- Other debts -€7,253
down €7,253 (-19.9%), from €36,439 to €29,186
- Trade debts +€6,749
up €6,749 (+716%), from €942 to €7,691
- Profit (loss) carried forward +€4,472
up €4,472 (+41.6%), from €10,751 to €15,223
- Tax, wage and social debts +€2,699
up €2,699 (+731%), from €369 to €3,068
- Gross operating margin +€4,997
up €4,997 (+35.0%), from €14,277 to €19,274
- Other operating charges +€4,853
up €4,853 (+358%), from €1,357 to €6,211
- Depreciation +€2,921
up €2,921 (+139%), from €2,098 to €5,019
- Taxes +€2,233
new in 2025: €2,233
- Financial charges +€1,269
up €1,269 (+1,807%), from €70 to €1,339
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 | €53,502 | €60,168 | +€6,666 | +12.5% |
| Fixed assets | 21/28 | €30,563 | €28,724 | -€1,839 | -6.0% |
| Tangible fixed assets | 22/27 | €20,463 | €18,624 | -€1,839 | -9.0% |
| Plant, machinery and equipment | 23 | €1,438 | €945 | -€493 | -34.3% |
| Furniture and vehicles | 24 | €19,024 | €17,678 | -€1,346 | -7.1% |
| Financial fixed assets | 28 | €10,100 | €10,100 | = | 0.0% |
| Current assets | 29/58 | €22,939 | €31,445 | +€8,505 | +37.1% |
| Amounts receivable within one year | 40/41 | €977 | €16,118 | +€15,141 | +1,550% |
| Trade receivables | 40 | €977 | €16,118 | +€15,141 | +1,550% |
| Cash at bank and in hand | 54/58 | €21,962 | €15,241 | -€6,722 | -30.6% |
| Deferred charges and accrued income | 490/1 | - | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €53,502 | €60,168 | +€6,666 | +12.5% |
| Equity | 10/15 | €15,751 | €20,223 | +€4,472 | +28.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,751 | €15,223 | +€4,472 | +41.6% |
| Amounts payable | 17/49 | €37,751 | €39,945 | +€2,195 | +5.8% |
| Amounts payable within one year | 42/48 | €37,751 | €39,945 | +€2,195 | +5.8% |
| Trade debts | 44 | €942 | €7,691 | +€6,749 | +716% |
| Suppliers | 440/4 | €942 | €7,691 | +€6,749 | +716% |
| Taxes, remuneration and social security | 45 | €369 | €3,068 | +€2,699 | +731% |
| Taxes | 450/3 | €369 | €3,068 | +€2,699 | +731% |
| Other amounts payable | 47/48 | €36,439 | €29,186 | -€7,253 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,098 | €5,019 | +€2,921 | +139% |
| Other operating charges | 640/8 | €1,357 | €6,211 | +€4,853 | +358% |
| Gross operating margin | 9900 | €14,277 | €19,274 | +€4,997 | +35.0% |
| Operating profit (loss) | 9901 | €10,821 | €8,044 | -€2,777 | -25.7% |
| Financial charges | 65/66B | €70 | €1,339 | +€1,269 | +1,807% |
| Recurring financial charges | 65 | €70 | €1,339 | +€1,269 | +1,807% |
| Profit (loss) for the period before taxes | 9903 | €10,751 | €6,705 | -€4,046 | -37.6% |
| Income taxes | 67/77 | - | €2,233 | +€2,233 | |
| Profit (loss) for the period | 9904 | €10,751 | €4,472 | -€6,280 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,751 | €4,472 | -€6,280 | -58.4% |
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 18 October 2026 via checked.be.