RH CREA: 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 CREA
Largest movements
- Receivables within one year +€93,287
up €93,287 (+95.8%), from €97,384 to €190,672
of which Trade receivables: +€100,520
- Tangible fixed assets +€13,025
up €13,025 (+1,221%), from €1,067 to €14,092
of which Other tangible fixed assets: +€11,872
- Financial fixed assets +€3,000
up €3,000 (+12,000%), from €25 to €3,025
- Trade debts +€65,139
up €65,139 (+253%), from €25,783 to €90,922
- Accrued charges and deferred income +€33,080
up €33,080 (+226,573%), from €15 to €33,094
- Other debts +€6,715
up €6,715 (+25.7%), from €26,140 to €32,855
- Short-term financial debts +€4,302
new in 2025: €4,302
- Tax, wage and social debts +€2,341
up €2,341 (+8.1%), from €28,788 to €31,129
- Gross operating margin +€17,285
up €17,285 (+51.4%), from €33,613 to €50,899
- Write-downs +€2,645
new in 2025: €2,645
- Taxes +€2,340
up €2,340 (+32.3%), from €7,250 to €9,590
- Depreciation +€1,522
up €1,522 (+180%), from €847 to €2,369
- Financial income -€1,028
down €1,028 (-24.0%), from €4,282 to €3,254
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 | €101,185 | €212,762 | +€111,577 | +110% |
| Fixed assets | 21/28 | €1,092 | €17,117 | +€16,025 | +1,468% |
| Tangible fixed assets | 22/27 | €1,067 | €14,092 | +€13,025 | +1,221% |
| Plant, machinery and equipment | 23 | €787 | €1,454 | +€666 | +84.6% |
| Furniture and vehicles | 24 | €280 | €767 | +€487 | +174% |
| Other tangible fixed assets | 26 | - | €11,872 | +€11,872 | |
| Financial fixed assets | 28 | €25 | €3,025 | +€3,000 | +12,000% |
| Current assets | 29/58 | €100,093 | €195,645 | +€95,552 | +95.5% |
| Amounts receivable within one year | 40/41 | €97,384 | €190,672 | +€93,287 | +95.8% |
| Trade receivables | 40 | €49,498 | €150,017 | +€100,520 | +203% |
| Other amounts receivable | 41 | €47,887 | €40,654 | -€7,233 | -15.1% |
| Cash at bank and in hand | 54/58 | €213 | €1,583 | +€1,371 | +644% |
| Deferred charges and accrued income | 490/1 | €2,496 | €3,390 | +€894 | +35.8% |
| Total equity and liabilities | 10/49 | €101,185 | €212,762 | +€111,577 | +110% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €80,725 | €192,302 | +€111,577 | +138% |
| Amounts payable within one year | 42/48 | €80,711 | €159,208 | +€78,497 | +97.3% |
| Financial debts | 43 | - | €4,302 | +€4,302 | |
| Credit institutions | 430/8 | - | €4,302 | +€4,302 | |
| Trade debts | 44 | €25,783 | €90,922 | +€65,139 | +253% |
| Suppliers | 440/4 | €25,783 | €90,922 | +€65,139 | +253% |
| Taxes, remuneration and social security | 45 | €28,788 | €31,129 | +€2,341 | +8.1% |
| Taxes | 450/3 | €28,788 | €31,129 | +€2,341 | +8.1% |
| Other amounts payable | 47/48 | €26,140 | €32,855 | +€6,715 | +25.7% |
| Accrued charges and deferred income | 492/3 | €15 | €33,094 | +€33,080 | +226,573% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €2,369 | +€1,522 | +180% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,645 | +€2,645 | |
| Other operating charges | 640/8 | €4,165 | €3,495 | -€670 | -16.1% |
| Gross operating margin | 9900 | €33,613 | €50,899 | +€17,285 | +51.4% |
| Operating profit (loss) | 9901 | €28,601 | €42,389 | +€13,788 | +48.2% |
| Financial income | 75/76B | €4,282 | €3,254 | -€1,028 | -24.0% |
| Recurring financial income | 75 | €4,282 | €3,254 | -€1,028 | -24.0% |
| Financial charges | 65/66B | €3,244 | €3,199 | -€45 | -1.4% |
| Recurring financial charges | 65 | €3,244 | €3,199 | -€45 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €29,640 | €42,445 | +€12,805 | +43.2% |
| Income taxes | 67/77 | €7,250 | €9,590 | +€2,340 | +32.3% |
| Profit (loss) for the period | 9904 | €22,390 | €32,855 | +€10,465 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,390 | €32,855 | +€10,465 | +46.7% |
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 18 October 2026 via checked.be.