RH INVEST: what changed
What changed
RH INVEST
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€840,436
2024 · €3,594+€836,842
Equity
€10.4m
2024 · €9.6m+€840,436
Cash
€964,384
2024 · €1.0m-€54,156
Balance sheet total
€14.2m
2024 · €14.2m+€29,461
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€840,436
up €840,436 (+20.5%), from €4.1m to €4.9m
- Other debts -€800,000
down €800,000 (-17.4%), from €4.6m to €3.8m
Income statement
- Financial income +€820,698
up €820,698, from €0 to €820,698
- Other operating charges -€20,272
down €20,272 (-55.9%), from €36,236 to €15,965
- Taxes +€6,801
up €6,801 (+430%), from €1,583 to €8,385
- Depreciation -€6,667
down €6,667 (-17.2%), from €38,760 to €32,094
- Gross operating margin -€4,224
down €4,224 (-5.2%), from €81,110 to €76,886
Change in the result, 2024 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.
Result 2024
€3,594
Gross operating margin
-€4,224
Depreciation
+€6,667
Other operating charges
+€20,272
Financial income
+€820,698
Financial charges
+€231
Taxes
-€6,801
Result 2025
€840,436
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€12,229
Investment
-€39,112
Financing
-€2,815
Cash 2024
€1.0m
From operations (derived)
-€12,229
Net result for the year
+€840,436
Depreciation
+€32,094
Receivables within one year
-€76,378
Deferred charges and accrued income
-€220
Trade debts
-€2,487
Tax, wage and social debts
-€5,674
Other debts
-€800,000
Investment (derived)
-€39,112
Investment in fixed assets (net)
-€39,112
Financing
-€2,815
Current portion of long-term debt
-€2,815
Cash 2025
€964,384
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,195,892 | €14,225,353 | +€29,461 | +0.2% |
| Fixed assets | 21/28 | €8,059,227 | €8,066,245 | +€7,018 | +0.1% |
| Tangible fixed assets | 22/27 | €462,949 | €469,968 | +€7,018 | +1.5% |
| Land and buildings | 22 | €413,255 | €390,598 | -€22,658 | -5.5% |
| Furniture and vehicles | 24 | €49,694 | €79,370 | +€29,676 | +59.7% |
| Financial fixed assets | 28 | €7,596,278 | €7,596,278 | = | 0.0% |
| Current assets | 29/58 | €6,136,665 | €6,159,108 | +€22,443 | +0.4% |
| Amounts receivable within one year | 40/41 | €5,118,125 | €5,194,504 | +€76,378 | +1.5% |
| Trade receivables | 40 | €9,625 | €8,807 | -€818 | -8.5% |
| Other amounts receivable | 41 | €5,108,501 | €5,185,697 | +€77,196 | +1.5% |
| Cash at bank and in hand | 54/58 | €1,018,539 | €964,384 | -€54,156 | -5.3% |
| Deferred charges and accrued income | 490/1 | €0 | €220 | +€220 | |
| Total equity and liabilities | 10/49 | €14,195,892 | €14,225,353 | +€29,461 | +0.2% |
| Equity | 10/15 | €9,556,422 | €10,396,858 | +€840,436 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €5,403,421 | €5,403,421 | = | 0.0% |
| Reserves | 13 | €39,419 | €39,419 | = | 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% |
| Distributable reserves | 133 | €37,559 | €37,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,094,982 | €4,935,419 | +€840,436 | +20.5% |
| Amounts payable | 17/49 | €4,639,470 | €3,828,495 | -€810,975 | -17.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,639,470 | €3,828,495 | -€810,975 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €2,815 | €0 | -€2,815 | -100% |
| Trade debts | 44 | €27,887 | €25,400 | -€2,487 | -8.9% |
| Suppliers | 440/4 | €27,887 | €25,400 | -€2,487 | -8.9% |
| Taxes, remuneration and social security | 45 | €16,214 | €10,540 | -€5,674 | -35.0% |
| Taxes | 450/3 | €16,214 | €10,540 | -€5,674 | -35.0% |
| Other amounts payable | 47/48 | €4,592,555 | €3,792,555 | -€800,000 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,760 | €32,094 | -€6,667 | -17.2% |
| Other operating charges | 640/8 | €36,236 | €15,965 | -€20,272 | -55.9% |
| Gross operating margin | 9900 | €81,110 | €76,886 | -€4,224 | -5.2% |
| Operating profit (loss) | 9901 | €6,113 | €28,828 | +€22,714 | +372% |
| Financial income | 75/76B | €0 | €820,698 | +€820,698 | |
| Recurring financial income | 75 | €0 | €820,698 | +€820,698 | |
| Financial charges | 65/66B | €935 | €704 | -€231 | -24.7% |
| Recurring financial charges | 65 | €935 | €704 | -€231 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €5,178 | €848,821 | +€843,643 | +16,293% |
| Income taxes | 67/77 | €1,583 | €8,385 | +€6,801 | +430% |
| Profit (loss) for the period | 9904 | €3,594 | €840,436 | +€836,842 | +23,282% |
| Profit (loss) for the period to be appropriated | 9905 | €3,594 | €840,436 | +€836,842 | +23,282% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.