RHASSUR: 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.
RHASSUR
Largest movements
- Intangible fixed assets -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Cash -€30,735
down €30,735 (-44.7%), from €68,828 to €38,093
mainly Other debts (-€115,524) and Trade debts (-€1,358)
- Deferred charges and accrued income -€8,620
down €8,620 (-19.4%), from €44,500 to €35,880
- Other debts -€115,524
down €115,524 (-46.0%), from €251,202 to €135,679
- Profit (loss) carried forward +€22,233
up €22,233 (+74.2%), from €29,948 to €52,181
- Tax, wage and social debts +€5,805
up €5,805 (+27.3%), from €21,267 to €27,072
of which Taxes: +€7,114
- Gross operating margin -€17,626
down €17,626 (-13.5%), from €130,596 to €112,970
- Staff costs -€7,405
down €7,405 (-18.0%), from €41,208 to €33,802
- Taxes -€2,112
down €2,112 (-23.2%), from €9,110 to €6,998
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 | €313,328 | €223,973 | -€89,355 | -28.5% |
| Fixed assets | 21/28 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Intangible fixed assets | 21 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Current assets | 29/58 | €113,328 | €73,973 | -€39,355 | -34.7% |
| Cash at bank and in hand | 54/58 | €68,828 | €38,093 | -€30,735 | -44.7% |
| Deferred charges and accrued income | 490/1 | €44,500 | €35,880 | -€8,620 | -19.4% |
| Total equity and liabilities | 10/49 | €313,328 | €223,973 | -€89,355 | -28.5% |
| Equity | 10/15 | €32,448 | €54,681 | +€22,233 | +68.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,948 | €52,181 | +€22,233 | +74.2% |
| Amounts payable | 17/49 | €280,880 | €169,293 | -€111,587 | -39.7% |
| Amounts payable within one year | 42/48 | €276,139 | €165,062 | -€111,078 | -40.2% |
| Trade debts | 44 | €3,670 | €2,312 | -€1,358 | -37.0% |
| Suppliers | 440/4 | €3,670 | €2,312 | -€1,358 | -37.0% |
| Taxes, remuneration and social security | 45 | €21,267 | €27,072 | +€5,805 | +27.3% |
| Taxes | 450/3 | €15,178 | €22,291 | +€7,114 | +46.9% |
| Remuneration and social security | 454/9 | €6,089 | €4,780 | -€1,309 | -21.5% |
| Other amounts payable | 47/48 | €251,202 | €135,679 | -€115,524 | -46.0% |
| Accrued charges and deferred income | 492/3 | €4,741 | €4,231 | -€510 | -10.8% |
| Remuneration, social security and pensions | 62 | €41,208 | €33,802 | -€7,405 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,000 | €50,000 | = | 0.0% |
| Other operating charges | 640/8 | €440 | - | -€440 | |
| Gross operating margin | 9900 | €130,596 | €112,970 | -€17,626 | -13.5% |
| Operating profit (loss) | 9901 | €38,948 | €29,167 | -€9,781 | -25.1% |
| Financial income | 75/76B | €246 | €178 | -€68 | -27.6% |
| Recurring financial income | 75 | €246 | €178 | -€68 | -27.6% |
| Financial charges | 65/66B | €136 | €114 | -€22 | -15.9% |
| Recurring financial charges | 65 | €136 | €114 | -€22 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €39,058 | €29,231 | -€9,827 | -25.2% |
| Income taxes | 67/77 | €9,110 | €6,998 | -€2,112 | -23.2% |
| Profit (loss) for the period | 9904 | €29,948 | €22,233 | -€7,715 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,948 | €22,233 | -€7,715 | -25.8% |
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.