RH2O CONSULTING: 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.
RH2O CONSULTING
Largest movements
- Receivables within one year -€81,413
down €81,413 (-80.8%), from €100,755 to €19,342
of which Other amounts receivable: -€87,087
- Cash +€26,758
up €26,758 (+364.9%), from €7,334 to €34,092
mainly Receivables within one year (+€81,413) and Net result for the year (+€48,010)
- Tangible fixed assets +€1,166
up €1,166 (+143.3%), from €814 to €1,979
- Profit (loss) carried forward -€89,392
down €89,392 (-90.0%), from €99,375 to €9,984
- Tax, wage and social debts +€35,882
up €35,882 (+397.3%), from €9,032 to €44,914
- Gross operating margin -€10,710
down €10,710 (-14.3%), from €74,982 to €64,272
- Taxes -€6,047
down €6,047 (-28.8%), from €21,010 to €14,963
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 | €109,198 | €55,614 | -€53,584 | -49.1% |
| Fixed assets | 21/28 | €1,014 | €2,179 | +€1,166 | +115.0% |
| Tangible fixed assets | 22/27 | €814 | €1,979 | +€1,166 | +143.3% |
| Furniture and vehicles | 24 | €814 | €1,979 | +€1,166 | +143.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €108,184 | €53,434 | -€54,750 | -50.6% |
| Amounts receivable within one year | 40/41 | €100,755 | €19,342 | -€81,413 | -80.8% |
| Trade receivables | 40 | €13,668 | €19,342 | +€5,674 | +41.5% |
| Other amounts receivable | 41 | €87,087 | €0 | -€87,087 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,334 | €34,092 | +€26,758 | +364.9% |
| Deferred charges and accrued income | 490/1 | €95 | €0 | -€95 | -100.0% |
| Total equity and liabilities | 10/49 | €109,198 | €55,614 | -€53,584 | -49.1% |
| Equity | 10/15 | €99,475 | €10,084 | -€89,392 | -89.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,375 | €9,984 | -€89,392 | -90.0% |
| Amounts payable | 17/49 | €9,722 | €45,530 | +€35,808 | +368.3% |
| Amounts payable within one year | 42/48 | €9,722 | €45,530 | +€35,808 | +368.3% |
| Trade debts | 44 | €690 | €616 | -€74 | -10.7% |
| Suppliers | 440/4 | €690 | €616 | -€74 | -10.7% |
| Taxes, remuneration and social security | 45 | €9,032 | €44,914 | +€35,882 | +397.3% |
| Taxes | 450/3 | €9,032 | €44,914 | +€35,882 | +397.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €927 | +€550 | +146.4% |
| Other operating charges | 640/8 | €0 | €70 | +€70 | |
| Gross operating margin | 9900 | €74,982 | €64,272 | -€10,710 | -14.3% |
| Operating profit (loss) | 9901 | €74,606 | €63,026 | -€11,581 | -15.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €54 | €52 | -€2 | -3.6% |
| Recurring financial charges | 65 | €54 | €52 | -€2 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €74,552 | €62,973 | -€11,579 | -15.5% |
| Income taxes | 67/77 | €21,010 | €14,963 | -€6,047 | -28.8% |
| Profit (loss) for the period | 9904 | €53,542 | €48,010 | -€5,532 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,542 | €48,010 | -€5,532 | -10.3% |
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 7 October 2026 via checked.be.