RHAMA: 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.
RHAMA
Largest movements
- Receivables within one year -€72,691
down €72,691 (-88.4%), from €82,262 to €9,571
of which Other amounts receivable: -€79,301
- Tangible fixed assets +€37,882
up €37,882 (+31.3%), from €120,846 to €158,728
- Profit (loss) carried forward -€14,521
down €14,521 (-23.7%), from -€61,256 to -€75,777
- Other debts -€9,755
down €9,755 (-4.4%), from €220,061 to €210,306
- Trade debts -€4,430
down €4,430 (-24.4%), from €18,132 to €13,702
- Short-term financial debts -€3,709
down €3,709 (-94.9%), from €3,909 to €201
- Advances received -€2,215
no longer reported in 2025 (was €2,215)
- Gross operating margin -€5,185
down €5,185 (-61.5%), from -€8,437 to -€13,622
- Other operating charges -€384
down €384 (-49.0%), from €784 to €400
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,108 | €168,479 | -€34,629 | -17.0% |
| Fixed assets | 21/28 | €120,846 | €158,908 | +€38,062 | +31.5% |
| Tangible fixed assets | 22/27 | €120,846 | €158,728 | +€37,882 | +31.3% |
| Assets under construction and advance payments | 27 | €120,846 | €158,728 | +€37,882 | +31.3% |
| Financial fixed assets | 28 | - | €180 | +€180 | |
| Current assets | 29/58 | €82,262 | €9,571 | -€72,691 | -88.4% |
| Amounts receivable within one year | 40/41 | €82,262 | €9,571 | -€72,691 | -88.4% |
| Trade receivables | 40 | €2,107 | €8,717 | +€6,610 | +313.7% |
| Other amounts receivable | 41 | €80,155 | €854 | -€79,301 | -98.9% |
| Total equity and liabilities | 10/49 | €203,108 | €168,479 | -€34,629 | -17.0% |
| Equity | 10/15 | -€42,656 | -€57,177 | -€14,521 | -34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,256 | -€75,777 | -€14,521 | -23.7% |
| Amounts payable | 17/49 | €245,764 | €225,655 | -€20,109 | -8.2% |
| Amounts payable within one year | 42/48 | €245,764 | €225,655 | -€20,109 | -8.2% |
| Financial debts | 43 | €3,909 | €201 | -€3,709 | -94.9% |
| Credit institutions | 430/8 | €3,909 | €201 | -€3,709 | -94.9% |
| Trade debts | 44 | €18,132 | €13,702 | -€4,430 | -24.4% |
| Suppliers | 440/4 | €18,132 | €13,702 | -€4,430 | -24.4% |
| Advances received on contracts in progress | 46 | €2,215 | - | -€2,215 | |
| Taxes, remuneration and social security | 45 | €1,447 | €1,447 | = | 0.0% |
| Taxes | 450/3 | €1,447 | €1,447 | = | 0.0% |
| Other amounts payable | 47/48 | €220,061 | €210,306 | -€9,755 | -4.4% |
| Other operating charges | 640/8 | €784 | €400 | -€384 | -49.0% |
| Gross operating margin | 9900 | -€8,437 | -€13,622 | -€5,185 | -61.5% |
| Operating profit (loss) | 9901 | -€9,221 | -€14,022 | -€4,801 | -52.1% |
| Financial income | 75/76B | €73 | €0 | -€72 | -99.7% |
| Recurring financial income | 75 | €73 | €0 | -€72 | -99.7% |
| Financial charges | 65/66B | €402 | €499 | +€97 | +24.0% |
| Recurring financial charges | 65 | €402 | €499 | +€97 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,551 | -€14,521 | -€4,970 | -52.0% |
| Profit (loss) for the period | 9904 | -€9,551 | -€14,521 | -€4,970 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,551 | -€14,521 | -€4,970 | -52.0% |
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 30 September 2026 via checked.be.