RH PLANS: 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.
RH PLANS
Largest movements
- Receivables within one year +€7,596
up €7,596 (+21.9%), from €34,614 to €42,209
of which Other amounts receivable: +€10,235
- Deferred charges and accrued income +€5,427
up €5,427 (+124.5%), from €4,360 to €9,787
- Tangible fixed assets +€4,272
up €4,272 (+195.6%), from €2,184 to €6,456
- Cash -€2,317
down €2,317 (-3.4%), from €68,233 to €65,916
mainly Contributions, distributions and other (-€33,450) and Receivables within one year (-€7,596)
- Other debts +€23,293
up €23,293 (+347.2%), from €6,708 to €30,001
- Reserves -€18,450
down €18,450 (-21.6%), from €85,306 to €66,856
- Trade debts +€8,263
new in 2025: €8,263
- Tax, wage and social debts +€2,490
up €2,490 (+21.6%), from €11,523 to €14,012
of which Remuneration and social security: +€2,549
- Gross operating margin +€29,267
up €29,267 (+61.7%), from €47,450 to €76,717
- Staff costs +€16,508
up €16,508 (+43.7%), from €37,765 to €54,273
- Depreciation -€2,732
down €2,732 (-61.7%), from €4,429 to €1,697
- Taxes +€2,591
up €2,591 (+144.0%), from €1,799 to €4,389
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 | €109,391 | €124,369 | +€14,978 | +13.7% |
| Fixed assets | 21/28 | €2,184 | €6,456 | +€4,272 | +195.6% |
| Tangible fixed assets | 22/27 | €2,184 | €6,456 | +€4,272 | +195.6% |
| Furniture and vehicles | 24 | €2,184 | €6,456 | +€4,272 | +195.6% |
| Current assets | 29/58 | €107,207 | €117,913 | +€10,706 | +10.0% |
| Amounts receivable within one year | 40/41 | €34,614 | €42,209 | +€7,596 | +21.9% |
| Trade receivables | 40 | €19,434 | €16,794 | -€2,639 | -13.6% |
| Other amounts receivable | 41 | €15,180 | €25,415 | +€10,235 | +67.4% |
| Cash at bank and in hand | 54/58 | €68,233 | €65,916 | -€2,317 | -3.4% |
| Deferred charges and accrued income | 490/1 | €4,360 | €9,787 | +€5,427 | +124.5% |
| Total equity and liabilities | 10/49 | €109,391 | €124,369 | +€14,978 | +13.7% |
| Equity | 10/15 | €90,306 | €72,092 | -€18,214 | -20.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,306 | €66,856 | -€18,450 | -21.6% |
| Distributable reserves | 133 | €85,306 | €66,856 | -€18,450 | -21.6% |
| Profit (loss) carried forward | 14 | - | €236 | +€236 | |
| Amounts payable | 17/49 | €19,085 | €52,277 | +€33,192 | +173.9% |
| Amounts payable within one year | 42/48 | €19,085 | €52,277 | +€33,192 | +173.9% |
| Current portion of amounts payable after more than one year | 42 | €854 | - | -€854 | |
| Trade debts | 44 | - | €8,263 | +€8,263 | |
| Suppliers | 440/4 | - | €8,263 | +€8,263 | |
| Taxes, remuneration and social security | 45 | €11,523 | €14,012 | +€2,490 | +21.6% |
| Taxes | 450/3 | €5,977 | €5,918 | -€59 | -1.0% |
| Remuneration and social security | 454/9 | €5,545 | €8,094 | +€2,549 | +46.0% |
| Other amounts payable | 47/48 | €6,708 | €30,001 | +€23,293 | +347.2% |
| Remuneration, social security and pensions | 62 | €37,765 | €54,273 | +€16,508 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,429 | €1,697 | -€2,732 | -61.7% |
| Other operating charges | 640/8 | €787 | €746 | -€40 | -5.1% |
| Gross operating margin | 9900 | €47,450 | €76,717 | +€29,267 | +61.7% |
| Operating profit (loss) | 9901 | €4,469 | €20,001 | +€15,532 | +347.5% |
| Financial income | 75/76B | €0 | €19 | +€19 | +188700.0% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +188700.0% |
| Financial charges | 65/66B | €478 | €395 | -€83 | -17.4% |
| Recurring financial charges | 65 | €478 | €395 | -€83 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €3,992 | €19,625 | +€15,634 | +391.7% |
| Income taxes | 67/77 | €1,799 | €4,389 | +€2,591 | +144.0% |
| Profit (loss) for the period | 9904 | €2,193 | €15,236 | +€13,043 | +594.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,193 | €15,236 | +€13,043 | +594.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.