RHDI: 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.
RHDI
Largest movements
- Receivables within one year -€15,376
down €15,376 (-37.8%), from €40,682 to €25,306
of which Trade receivables: -€13,801
- Tangible fixed assets -€5,542
down €5,542 (-21.0%), from €26,330 to €20,788
- Cash -€1,410
down €1,410 (-10.1%), from €14,003 to €12,593
mainly Trade debts (-€24,518) and Net result for the year (-€3,842)
- Trade debts -€24,518
down €24,518 (-50.8%), from €48,236 to €23,717
- Other debts +€4,284
up €4,284 (+345.7%), from €1,239 to €5,523
- Profit (loss) carried forward -€3,842
down €3,842 (-49.2%), from €7,808 to €3,966
- Tax, wage and social debts +€1,748
up €1,748 (+34.1%), from €5,133 to €6,881
- Gross operating margin -€16,140
down €16,140 (-38.1%), from €42,373 to €26,233
- Staff costs -€6,783
down €6,783 (-25.4%), from €26,725 to €19,943
- Depreciation +€4,161
up €4,161 (+301.1%), from €1,382 to €5,542
- Financial charges +€1,267
up €1,267 (+42.6%), from €2,977 to €4,244
- Other operating charges -€752
down €752 (-68.4%), from €1,098 to €347
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 | €81,015 | €58,687 | -€22,328 | -27.6% |
| Fixed assets | 21/28 | €26,330 | €20,788 | -€5,542 | -21.0% |
| Tangible fixed assets | 22/27 | €26,330 | €20,788 | -€5,542 | -21.0% |
| Furniture and vehicles | 24 | €26,330 | €20,788 | -€5,542 | -21.0% |
| Current assets | 29/58 | €54,685 | €37,899 | -€16,785 | -30.7% |
| Amounts receivable within one year | 40/41 | €40,682 | €25,306 | -€15,376 | -37.8% |
| Trade receivables | 40 | €38,979 | €25,178 | -€13,801 | -35.4% |
| Other amounts receivable | 41 | €1,703 | €129 | -€1,574 | -92.5% |
| Cash at bank and in hand | 54/58 | €14,003 | €12,593 | -€1,410 | -10.1% |
| Total equity and liabilities | 10/49 | €81,015 | €58,687 | -€22,328 | -27.6% |
| Equity | 10/15 | €26,408 | €22,566 | -€3,842 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | €7,808 | €3,966 | -€3,842 | -49.2% |
| Amounts payable | 17/49 | €54,608 | €36,121 | -€18,486 | -33.9% |
| Amounts payable within one year | 42/48 | €54,608 | €36,121 | -€18,486 | -33.9% |
| Trade debts | 44 | €48,236 | €23,717 | -€24,518 | -50.8% |
| Suppliers | 440/4 | €48,236 | €23,717 | -€24,518 | -50.8% |
| Taxes, remuneration and social security | 45 | €5,133 | €6,881 | +€1,748 | +34.1% |
| Remuneration and social security | 454/9 | €5,133 | €6,881 | +€1,748 | +34.1% |
| Other amounts payable | 47/48 | €1,239 | €5,523 | +€4,284 | +345.7% |
| Remuneration, social security and pensions | 62 | €26,725 | €19,943 | -€6,783 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,382 | €5,542 | +€4,161 | +301.1% |
| Other operating charges | 640/8 | €1,098 | €347 | -€752 | -68.4% |
| Gross operating margin | 9900 | €42,373 | €26,233 | -€16,140 | -38.1% |
| Operating profit (loss) | 9901 | €13,168 | €401 | -€12,766 | -97.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1583.3% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1583.3% |
| Financial charges | 65/66B | €2,977 | €4,244 | +€1,267 | +42.6% |
| Recurring financial charges | 65 | €2,977 | €4,244 | +€1,267 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €10,191 | -€3,842 | -€14,033 | |
| Profit (loss) for the period | 9904 | €10,191 | -€3,842 | -€14,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,191 | -€3,842 | -€14,033 |
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 3 October 2026 via checked.be.