RH Construct: 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.
RH Construct
Largest movements
- Tangible fixed assets -€19,461
down €19,461 (-39.1%), from €49,803 to €30,342
of which Leasing and similar rights: -€24,884
- Receivables within one year -€10,252
down €10,252 (-6.4%), from €159,621 to €149,370
of which Other amounts receivable: -€61,564
- Current investments +€5,659
new in 2025: €5,659
- Profit (loss) carried forward -€100,901
down €100,901 (-79.8%), from €126,422 to €25,521
- Trade debts +€60,603
up €60,603 (+184%), from €32,931 to €93,534
- Short-term financial debts +€22,575
new in 2025: €22,575
- Tax, wage and social debts +€12,922
up €12,922 (+76.3%), from €16,929 to €29,851
of which Taxes: +€19,422
- Other debts -€12,246
no longer reported in 2025 (was €12,246)
- Taxes +€80,789
up €80,789 (+3,482%), from €2,320 to €83,109
- Other operating charges +€12,960
up €12,960 (+286%), from €4,525 to €17,485
- Gross operating margin -€6,636
down €6,636 (-21.4%), from €31,063 to €24,427
- Depreciation +€3,282
up €3,282 (+18.0%), from €18,267 to €21,549
- Financial income +€3,145
new in 2025: €3,145
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 | €236,116 | €210,592 | -€25,524 | -10.8% |
| Fixed assets | 21/28 | €51,203 | €31,742 | -€19,461 | -38.0% |
| Tangible fixed assets | 22/27 | €49,803 | €30,342 | -€19,461 | -39.1% |
| Furniture and vehicles | 24 | €24,919 | €30,342 | +€5,423 | +21.8% |
| Leasing and similar rights | 25 | €24,884 | - | -€24,884 | |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €184,912 | €178,850 | -€6,063 | -3.3% |
| Amounts receivable within one year | 40/41 | €159,621 | €149,370 | -€10,252 | -6.4% |
| Trade receivables | 40 | €39,892 | €91,204 | +€51,312 | +129% |
| Other amounts receivable | 41 | €119,729 | €58,166 | -€61,564 | -51.4% |
| Current investments | 50/53 | - | €5,659 | +€5,659 | |
| Cash at bank and in hand | 54/58 | €22,881 | €22,379 | -€502 | -2.2% |
| Deferred charges and accrued income | 490/1 | €2,410 | €1,442 | -€968 | -40.2% |
| Total equity and liabilities | 10/49 | €236,116 | €210,592 | -€25,524 | -10.8% |
| Equity | 10/15 | €137,422 | €36,521 | -€100,901 | -73.4% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,422 | €25,521 | -€100,901 | -79.8% |
| Amounts payable | 17/49 | €98,694 | €174,071 | +€75,377 | +76.4% |
| Amounts payable after more than one year | 17 | €19,561 | €13,793 | -€5,768 | -29.5% |
| Financial debts | 170/4 | €19,561 | €13,793 | -€5,768 | -29.5% |
| Amounts payable within one year | 42/48 | €79,133 | €160,278 | +€81,145 | +103% |
| Current portion of amounts payable after more than one year | 42 | €17,028 | €14,318 | -€2,709 | -15.9% |
| Financial debts | 43 | - | €22,575 | +€22,575 | |
| Credit institutions | 430/8 | - | €22,575 | +€22,575 | |
| Trade debts | 44 | €32,931 | €93,534 | +€60,603 | +184% |
| Suppliers | 440/4 | €32,931 | €93,534 | +€60,603 | +184% |
| Taxes, remuneration and social security | 45 | €16,929 | €29,851 | +€12,922 | +76.3% |
| Taxes | 450/3 | €2,429 | €21,851 | +€19,422 | +800% |
| Remuneration and social security | 454/9 | €14,500 | €8,000 | -€6,500 | -44.8% |
| Other amounts payable | 47/48 | €12,246 | - | -€12,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,267 | €21,549 | +€3,282 | +18.0% |
| Other operating charges | 640/8 | €4,525 | €17,485 | +€12,960 | +286% |
| Gross operating margin | 9900 | €31,063 | €24,427 | -€6,636 | -21.4% |
| Operating profit (loss) | 9901 | €8,272 | -€14,607 | -€22,879 | |
| Financial income | 75/76B | - | €3,145 | +€3,145 | |
| Recurring financial income | 75 | - | €3,145 | +€3,145 | |
| Financial charges | 65/66B | €4,690 | €6,330 | +€1,640 | +35.0% |
| Recurring financial charges | 65 | €4,690 | €6,330 | +€1,640 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €3,582 | -€17,792 | -€21,374 | |
| Income taxes | 67/77 | €2,320 | €83,109 | +€80,789 | +3,482% |
| Profit (loss) for the period | 9904 | €1,262 | -€100,901 | -€102,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,262 | -€100,901 | -€102,163 |
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 16 October 2026 via checked.be.