RHD CONSULT: 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.
RHD CONSULT
Largest movements
- Stocks and contracts +€214,903
up €214,903 (+48.1%), from €446,553 to €661,455
- Cash +€190,126
up €190,126 (+306.9%), from €61,948 to €252,074
mainly Trade debts (+€814,626) and Other debts (+€315,896)
- Tangible fixed assets +€93,482
up €93,482 (+22.9%), from €407,925 to €501,407
of which Other tangible fixed assets: +€112,418
- Receivables within one year +€81,500
up €81,500 (+65.5%), from €124,349 to €205,849
- Deferred charges and accrued income -€31,190
down €31,190 (-27.6%), from €112,918 to €81,727
- Trade debts +€814,626
up €814,626 (+82.6%), from €985,757 to €1.8m
- Profit (loss) carried forward -€706,535
down €706,535 (-76.4%), from -€924,518 to -€1.6m
- Other debts +€315,896
up €315,896 (+34.0%), from €929,178 to €1.2m
- Tax, wage and social debts +€162,984
up €162,984 (+275.1%), from €59,247 to €222,231
of which Taxes: +€103,231
- Debts after one year -€66,548
down €66,548 (-41.8%), from €159,073 to €92,525
- Staff costs +€184,502
up €184,502 (+55.3%), from €333,524 to €518,026
- Gross operating margin +€54,146
up €54,146 (+42.9%), from -€126,259 to -€72,113
- Other operating charges +€18,124
up €18,124 (+125.9%), from €14,400 to €32,525
- Depreciation +€17,439
up €17,439 (+45.2%), from €38,554 to €55,994
- Financial charges +€3,475
up €3,475 (+12.2%), from €28,382 to €31,858
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,343,488 | €1,885,422 | +€541,934 | +40.3% |
| Fixed assets | 21/28 | €597,722 | €684,317 | +€86,596 | +14.5% |
| Tangible fixed assets | 22/27 | €407,925 | €501,407 | +€93,482 | +22.9% |
| Plant, machinery and equipment | 23 | €1,615 | €3,115 | +€1,500 | +92.9% |
| Furniture and vehicles | 24 | €123,765 | €103,329 | -€20,435 | -16.5% |
| Other tangible fixed assets | 26 | €282,545 | €394,963 | +€112,418 | +39.8% |
| Financial fixed assets | 28 | €189,797 | €182,910 | -€6,887 | -3.6% |
| Current assets | 29/58 | €745,767 | €1,201,105 | +€455,338 | +61.1% |
| Stocks and contracts in progress | 3 | €446,553 | €661,455 | +€214,903 | +48.1% |
| Stocks | 30/36 | €446,553 | €661,455 | +€214,903 | +48.1% |
| Amounts receivable within one year | 40/41 | €124,349 | €205,849 | +€81,500 | +65.5% |
| Trade receivables | 40 | €124,349 | €205,849 | +€81,500 | +65.5% |
| Cash at bank and in hand | 54/58 | €61,948 | €252,074 | +€190,126 | +306.9% |
| Deferred charges and accrued income | 490/1 | €112,918 | €81,727 | -€31,190 | -27.6% |
| Total equity and liabilities | 10/49 | €1,343,488 | €1,885,422 | +€541,934 | +40.3% |
| Equity | 10/15 | -€904,058 | -€1,589,865 | -€685,807 | -75.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€924,518 | -€1,631,053 | -€706,535 | -76.4% |
| Investment grants | 15 | - | €20,729 | +€20,729 | |
| Amounts payable | 17/49 | €2,247,546 | €3,475,287 | +€1.2m | +54.6% |
| Amounts payable after more than one year | 17 | €159,073 | €92,525 | -€66,548 | -41.8% |
| Financial debts | 170/4 | €159,073 | €92,525 | -€66,548 | -41.8% |
| Amounts payable within one year | 42/48 | €2,031,289 | €3,336,068 | +€1.3m | +64.2% |
| Current portion of amounts payable after more than one year | 42 | €57,107 | €68,380 | +€11,273 | +19.7% |
| Trade debts | 44 | €985,757 | €1,800,383 | +€814,626 | +82.6% |
| Suppliers | 440/4 | €985,757 | €1,800,383 | +€814,626 | +82.6% |
| Taxes, remuneration and social security | 45 | €59,247 | €222,231 | +€162,984 | +275.1% |
| Taxes | 450/3 | €19,489 | €122,720 | +€103,231 | +529.7% |
| Remuneration and social security | 454/9 | €39,758 | €99,512 | +€59,753 | +150.3% |
| Other amounts payable | 47/48 | €929,178 | €1,245,074 | +€315,896 | +34.0% |
| Accrued charges and deferred income | 492/3 | €57,184 | €46,694 | -€10,490 | -18.3% |
| Remuneration, social security and pensions | 62 | €333,524 | €518,026 | +€184,502 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,554 | €55,994 | +€17,439 | +45.2% |
| Other operating charges | 640/8 | €14,400 | €32,525 | +€18,124 | +125.9% |
| Gross operating margin | 9900 | -€126,259 | -€72,113 | +€54,146 | +42.9% |
| Operating profit (loss) | 9901 | -€512,738 | -€678,658 | -€165,920 | -32.4% |
| Financial income | 75/76B | €1,063 | €4,012 | +€2,948 | +277.2% |
| Recurring financial income | 75 | €1,063 | €4,012 | +€2,948 | +277.2% |
| Financial charges | 65/66B | €28,382 | €31,858 | +€3,475 | +12.2% |
| Recurring financial charges | 65 | €28,382 | €31,858 | +€3,475 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€540,056 | -€706,504 | -€166,448 | -30.8% |
| Income taxes | 67/77 | - | €31 | +€31 | |
| Profit (loss) for the period | 9904 | -€540,056 | -€706,535 | -€166,479 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€540,056 | -€706,535 | -€166,479 | -30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.