RFHP: 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.
RFHP
Largest movements
- Cash -€154,009
down €154,009 (-75.4%), from €204,253 to €50,244
mainly Current investments (-€150,000) and Net result for the year (-€53,992)
- Current investments +€150,000
new in 2025: €150,000
- Receivables within one year -€15,265
down €15,265 (-28.0%), from €54,558 to €39,293
of which Other amounts receivable: -€15,315
- Tangible fixed assets -€12,395
down €12,395 (-25.0%), from €49,580 to €37,185
- Advances received +€55,000
up €55,000 (+125.0%), from €44,000 to €99,000
- Profit (loss) carried forward -€49,704
down €49,704, from €26 to -€49,678
- Current portion of long-term debt -€20,943
down €20,943 (-100.0%), from €20,943 to €0
- Debts after one year -€8,334
down €8,334 (-100.0%), from €8,334 to €0
- Reserves -€4,288
down €4,288 (-2.0%), from €213,088 to €208,800
- Gross operating margin -€363,359
down €363,359, from €327,932 to -€35,427
- Staff costs -€160,456
down €160,456 (-100.0%), from €160,517 to €61
- Taxes -€41,783
down €41,783 (-97.7%), from €42,754 to €971
- Other operating charges -€5,161
down €5,161 (-38.7%), from €13,329 to €8,168
- Financial charges -€3,466
down €3,466 (-83.3%), from €4,162 to €696
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 | €308,392 | €276,722 | -€31,670 | -10.3% |
| Fixed assets | 21/28 | €49,580 | €37,185 | -€12,395 | -25.0% |
| Tangible fixed assets | 22/27 | €49,580 | €37,185 | -€12,395 | -25.0% |
| Land and buildings | 22 | €49,580 | €37,185 | -€12,395 | -25.0% |
| Current assets | 29/58 | €258,811 | €239,537 | -€19,275 | -7.4% |
| Amounts receivable within one year | 40/41 | €54,558 | €39,293 | -€15,265 | -28.0% |
| Trade receivables | 40 | €8,044 | €8,094 | +€50 | +0.6% |
| Other amounts receivable | 41 | €46,514 | €31,199 | -€15,315 | -32.9% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €204,253 | €50,244 | -€154,009 | -75.4% |
| Total equity and liabilities | 10/49 | €308,392 | €276,722 | -€31,670 | -10.3% |
| Equity | 10/15 | €231,714 | €177,722 | -€53,992 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,088 | €208,800 | -€4,288 | -2.0% |
| Distributable reserves | 133 | €213,088 | €208,800 | -€4,288 | -2.0% |
| Profit (loss) carried forward | 14 | €26 | -€49,678 | -€49,704 | |
| Amounts payable | 17/49 | €76,678 | €99,000 | +€22,322 | +29.1% |
| Amounts payable after more than one year | 17 | €8,334 | €0 | -€8,334 | -100.0% |
| Financial debts | 170/4 | €8,334 | €0 | -€8,334 | -100.0% |
| Amounts payable within one year | 42/48 | €68,194 | €99,000 | +€30,806 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €20,943 | €0 | -€20,943 | -100.0% |
| Trade debts | 44 | €142 | €0 | -€142 | -100.0% |
| Suppliers | 440/4 | €142 | €0 | -€142 | -100.0% |
| Advances received on contracts in progress | 46 | €44,000 | €99,000 | +€55,000 | +125.0% |
| Taxes, remuneration and social security | 45 | €3,109 | €0 | -€3,109 | -100.0% |
| Taxes | 450/3 | €160 | €0 | -€160 | -100.0% |
| Remuneration and social security | 454/9 | €2,949 | €0 | -€2,949 | -100.0% |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100.0% |
| Remuneration, social security and pensions | 62 | €160,517 | €61 | -€160,456 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,395 | €12,395 | = | 0.0% |
| Other operating charges | 640/8 | €13,329 | €8,168 | -€5,161 | -38.7% |
| Gross operating margin | 9900 | €327,932 | -€35,427 | -€363,359 | |
| Operating profit (loss) | 9901 | €141,691 | -€56,051 | -€197,742 | |
| Financial income | 75/76B | €5,351 | €3,725 | -€1,625 | -30.4% |
| Recurring financial income | 75 | €5,351 | €3,725 | -€1,625 | -30.4% |
| Financial charges | 65/66B | €4,162 | €696 | -€3,466 | -83.3% |
| Recurring financial charges | 65 | €4,162 | €696 | -€3,466 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €142,880 | -€53,021 | -€195,901 | |
| Income taxes | 67/77 | €42,754 | €971 | -€41,783 | -97.7% |
| Profit (loss) for the period | 9904 | €100,126 | -€53,992 | -€154,118 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,126 | -€53,992 | -€154,118 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.