RH TRANS: 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 TRANS
Largest movements
- Receivables within one year +€56,574
up €56,574 (+14.4%), from €392,315 to €448,889
of which Trade receivables: +€46,281
- Tangible fixed assets -€42,908
down €42,908 (-12.9%), from €332,678 to €289,770
of which Furniture and vehicles: -€24,480
- Stocks and contracts +€19,050
up €19,050 (+75.2%), from €25,334 to €44,384
- Short-term financial debts +€95,000
up €95,000 (+127%), from €75,000 to €170,000
- Trade debts -€37,279
down €37,279 (-29.1%), from €128,270 to €90,991
- Profit (loss) carried forward +€33,688
up €33,688 (+30.5%), from -€110,631 to -€76,943
- Tax, wage and social debts -€31,059
down €31,059 (-27.8%), from €111,831 to €80,773
of which Remuneration and social security: -€32,531
- Current portion of long-term debt -€19,699
down €19,699 (-100%), from €19,699 to €0
- Gross operating margin +€38,119
up €38,119 (+4.7%), from €811,238 to €849,357
- Staff costs +€20,799
up €20,799 (+2.9%), from €728,383 to €749,181
- Depreciation -€12,893
down €12,893 (-21.9%), from €58,781 to €45,888
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 | €787,640 | €818,310 | +€30,670 | +3.9% |
| Fixed assets | 21/28 | €333,408 | €290,500 | -€42,908 | -12.9% |
| Tangible fixed assets | 22/27 | €332,678 | €289,770 | -€42,908 | -12.9% |
| Land and buildings | 22 | €79,612 | €69,819 | -€9,793 | -12.3% |
| Plant, machinery and equipment | 23 | €30,585 | €21,950 | -€8,635 | -28.2% |
| Furniture and vehicles | 24 | €222,481 | €198,001 | -€24,480 | -11.0% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €454,232 | €527,810 | +€73,578 | +16.2% |
| Stocks and contracts in progress | 3 | €25,334 | €44,384 | +€19,050 | +75.2% |
| Stocks | 30/36 | €25,334 | €44,384 | +€19,050 | +75.2% |
| Amounts receivable within one year | 40/41 | €392,315 | €448,889 | +€56,574 | +14.4% |
| Trade receivables | 40 | €291,987 | €338,268 | +€46,281 | +15.9% |
| Other amounts receivable | 41 | €100,328 | €110,621 | +€10,293 | +10.3% |
| Cash at bank and in hand | 54/58 | €15,637 | €11,659 | -€3,977 | -25.4% |
| Deferred charges and accrued income | 490/1 | €20,946 | €22,877 | +€1,931 | +9.2% |
| Total equity and liabilities | 10/49 | €787,640 | €818,310 | +€30,670 | +3.9% |
| Equity | 10/15 | €164,676 | €198,364 | +€33,688 | +20.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €193,037 | €193,037 | = | 0.0% |
| Reserves | 13 | €62,270 | €62,270 | = | 0.0% |
| Distributable reserves | 133 | €62,270 | €62,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,631 | -€76,943 | +€33,688 | +30.5% |
| Amounts payable | 17/49 | €622,964 | €619,946 | -€3,018 | -0.5% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €422,964 | €419,946 | -€3,018 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €19,699 | €0 | -€19,699 | -100% |
| Financial debts | 43 | €75,000 | €170,000 | +€95,000 | +127% |
| Credit institutions | 430/8 | €75,000 | €170,000 | +€95,000 | +127% |
| Trade debts | 44 | €128,270 | €90,991 | -€37,279 | -29.1% |
| Suppliers | 440/4 | €128,270 | €90,991 | -€37,279 | -29.1% |
| Taxes, remuneration and social security | 45 | €111,831 | €80,773 | -€31,059 | -27.8% |
| Taxes | 450/3 | €58,175 | €59,647 | +€1,472 | +2.5% |
| Remuneration and social security | 454/9 | €53,656 | €21,126 | -€32,531 | -60.6% |
| Other amounts payable | 47/48 | €88,164 | €78,182 | -€9,982 | -11.3% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €728,383 | €749,181 | +€20,799 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,781 | €45,888 | -€12,893 | -21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €870 | €0 | -€870 | -100% |
| Other operating charges | 640/8 | €7,435 | €7,855 | +€420 | +5.7% |
| Non-recurring operating charges | 66A | €1,800 | €0 | -€1,800 | -100% |
| Gross operating margin | 9900 | €811,238 | €849,357 | +€38,119 | +4.7% |
| Operating profit (loss) | 9901 | €13,970 | €46,433 | +€32,463 | +232% |
| Financial income | 75/76B | €757 | €44 | -€713 | -94.2% |
| Recurring financial income | 75 | €757 | €44 | -€713 | -94.2% |
| Financial charges | 65/66B | €8,957 | €12,789 | +€3,832 | +42.8% |
| Recurring financial charges | 65 | €8,957 | €12,789 | +€3,832 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €5,770 | €33,688 | +€27,918 | +484% |
| Income taxes | 67/77 | €1 | €0 | -€0 | -45.2% |
| Profit (loss) for the period | 9904 | €5,769 | €33,688 | +€27,919 | +484% |
| Profit (loss) for the period to be appropriated | 9905 | €5,769 | €33,688 | +€27,919 | +484% |
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 15 October 2026 via checked.be.