RHConnect: 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.
RHConnect
Largest movements
- Cash +€8,193
up €8,193 (+125%), from €6,538 to €14,731
mainly Net result for the year (+€10,804) and Other debts (+€1,948)
- Receivables within one year +€4,309
up €4,309 (+15.8%), from €27,259 to €31,568
of which Other amounts receivable: +€7,092
- Deferred charges and accrued income -€1,833
no longer reported in 2025 (was €1,833)
- Tangible fixed assets -€1,406
down €1,406 (-31.3%), from €4,489 to €3,082
of which Furniture and vehicles: -€976
- Profit (loss) carried forward +€10,804
new in 2025: €10,804
- Trade debts -€5,155
down €5,155 (-97.0%), from €5,313 to €158
- Other debts +€1,948
up €1,948 (+114%), from €1,702 to €3,650
- Tax, wage and social debts +€1,666
up €1,666 (+12.6%), from €13,197 to €14,863
of which Taxes: +€4,166
- Gross operating margin -€21,290
down €21,290 (-55.2%), from €38,540 to €17,250
- Taxes +€3,265
up €3,265 (+437%), from €747 to €4,012
- Depreciation +€962
up €962 (+217%), from €444 to €1,406
- Other operating charges +€462
up €462 (+925%), from €50 to €512
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 | €40,119 | €49,382 | +€9,263 | +23.1% |
| Fixed assets | 21/28 | €4,489 | €3,082 | -€1,406 | -31.3% |
| Tangible fixed assets | 22/27 | €4,489 | €3,082 | -€1,406 | -31.3% |
| Plant, machinery and equipment | 23 | €1,575 | €1,144 | -€431 | -27.3% |
| Furniture and vehicles | 24 | €2,914 | €1,938 | -€976 | -33.5% |
| Current assets | 29/58 | €35,630 | €46,299 | +€10,669 | +29.9% |
| Amounts receivable within one year | 40/41 | €27,259 | €31,568 | +€4,309 | +15.8% |
| Trade receivables | 40 | €16,335 | €13,552 | -€2,783 | -17.0% |
| Other amounts receivable | 41 | €10,924 | €18,016 | +€7,092 | +64.9% |
| Cash at bank and in hand | 54/58 | €6,538 | €14,731 | +€8,193 | +125% |
| Deferred charges and accrued income | 490/1 | €1,833 | - | -€1,833 | |
| Total equity and liabilities | 10/49 | €40,119 | €49,382 | +€9,263 | +23.1% |
| Equity | 10/15 | €19,907 | €30,711 | +€10,804 | +54.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,307 | €1,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,307 | €1,307 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,307 | €1,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10,804 | +€10,804 | |
| Amounts payable | 17/49 | €20,211 | €18,670 | -€1,541 | -7.6% |
| Amounts payable within one year | 42/48 | €20,211 | €18,670 | -€1,541 | -7.6% |
| Trade debts | 44 | €5,313 | €158 | -€5,155 | -97.0% |
| Suppliers | 440/4 | €5,313 | €158 | -€5,155 | -97.0% |
| Taxes, remuneration and social security | 45 | €13,197 | €14,863 | +€1,666 | +12.6% |
| Taxes | 450/3 | €10,697 | €14,863 | +€4,166 | +38.9% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €1,702 | €3,650 | +€1,948 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €1,406 | +€962 | +217% |
| Other operating charges | 640/8 | €50 | €512 | +€462 | +925% |
| Gross operating margin | 9900 | €38,540 | €17,250 | -€21,290 | -55.2% |
| Operating profit (loss) | 9901 | €38,046 | €15,332 | -€22,715 | -59.7% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.2% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.2% |
| Financial charges | 65/66B | €827 | €515 | -€312 | -37.7% |
| Recurring financial charges | 65 | €827 | €515 | -€312 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €37,223 | €14,816 | -€22,406 | -60.2% |
| Income taxes | 67/77 | €747 | €4,012 | +€3,265 | +437% |
| Profit (loss) for the period | 9904 | €36,476 | €10,804 | -€25,672 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,476 | €10,804 | -€25,672 | -70.4% |
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 18 October 2026 via checked.be.