RH RENOVATION: 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 RENOVATION
Largest movements
- Receivables within one year +€13,190
up €13,190 (+14.3%), from €92,025 to €105,215
of which Trade receivables: +€7,880
- Cash +€3,168
up €3,168 (+212%), from €1,493 to €4,661
mainly Tax, wage and social debts (+€9,188) and Net result for the year (+€6,575)
- Tax, wage and social debts +€9,188
up €9,188 (+85.2%), from €10,781 to €19,969
of which Remuneration and social security: +€9,690
- Profit (loss) carried forward +€6,575
up €6,575 (+24.0%), from €27,375 to €33,950
- Other debts -€1,969
down €1,969 (-9.8%), from €20,136 to €18,167
- Trade debts +€1,367
up €1,367 (+4.2%), from €32,423 to €33,790
- Gross operating margin -€5,035
down €5,035 (-39.9%), from €12,608 to €7,573
- Taxes -€2,344
no longer reported in 2025 (was €2,344)
- Depreciation -€1,191
down €1,191 (-71.4%), from €1,667 to €476
- Other operating charges -€143
no longer reported in 2025 (was €143)
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 | €94,715 | €109,876 | +€15,161 | +16.0% |
| Fixed assets | 21/28 | €476 | €0 | -€476 | -100% |
| Tangible fixed assets | 22/27 | €476 | €0 | -€476 | -100% |
| Furniture and vehicles | 24 | €476 | €0 | -€476 | -100% |
| Current assets | 29/58 | €94,239 | €109,876 | +€15,637 | +16.6% |
| Amounts receivable within one year | 40/41 | €92,025 | €105,215 | +€13,190 | +14.3% |
| Trade receivables | 40 | €91,995 | €99,875 | +€7,880 | +8.6% |
| Other amounts receivable | 41 | €30 | €5,340 | +€5,310 | +17,700% |
| Cash at bank and in hand | 54/58 | €1,493 | €4,661 | +€3,168 | +212% |
| Deferred charges and accrued income | 490/1 | €721 | - | -€721 | |
| Total equity and liabilities | 10/49 | €94,715 | €109,876 | +€15,161 | +16.0% |
| Equity | 10/15 | €31,375 | €37,950 | +€6,575 | +21.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,375 | €33,950 | +€6,575 | +24.0% |
| Amounts payable | 17/49 | €63,340 | €71,926 | +€8,586 | +13.6% |
| Amounts payable within one year | 42/48 | €63,340 | €71,926 | +€8,586 | +13.6% |
| Trade debts | 44 | €32,423 | €33,790 | +€1,367 | +4.2% |
| Suppliers | 440/4 | €32,423 | €33,790 | +€1,367 | +4.2% |
| Taxes, remuneration and social security | 45 | €10,781 | €19,969 | +€9,188 | +85.2% |
| Taxes | 450/3 | €7,281 | €6,779 | -€502 | -6.9% |
| Remuneration and social security | 454/9 | €3,500 | €13,190 | +€9,690 | +277% |
| Other amounts payable | 47/48 | €20,136 | €18,167 | -€1,969 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €476 | -€1,191 | -71.4% |
| Other operating charges | 640/8 | €143 | - | -€143 | |
| Non-recurring operating charges | 66A | - | €444 | +€444 | |
| Gross operating margin | 9900 | €12,608 | €7,573 | -€5,035 | -39.9% |
| Operating profit (loss) | 9901 | €10,798 | €6,653 | -€4,145 | -38.4% |
| Financial charges | 65/66B | €47 | €78 | +€31 | +66.0% |
| Recurring financial charges | 65 | €47 | €78 | +€31 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €10,751 | €6,575 | -€4,176 | -38.8% |
| Income taxes | 67/77 | €2,344 | - | -€2,344 | |
| Profit (loss) for the period | 9904 | €8,407 | €6,575 | -€1,832 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,407 | €6,575 | -€1,832 | -21.8% |
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 26 October 2026 via checked.be.