RHEA CONSULTANCY: 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.
RHEA CONSULTANCY
Largest movements
- Stocks and contracts -€16,472
down €16,472 (-6.0%), from €275,481 to €259,009
- Receivables within one year +€16,275
new in 2025: €16,275
- Cash +€8,310
up €8,310 (+159%), from €5,231 to €13,541
mainly Other debts (+€88,055) and Stocks and contracts (+€16,472)
- Tangible fixed assets -€4,605
down €4,605 (-36.3%), from €12,698 to €8,093
of which Furniture and vehicles: -€4,036
- Other debts +€88,055
up €88,055 (+144%), from €61,227 to €149,283
- Debts after one year -€51,993
down €51,993 (-100%), from €51,993 to €0
- Accrued charges and deferred income -€28,003
down €28,003 (-100%), from €28,003 to €0
- Short-term financial debts -€6,221
down €6,221 (-100%), from €6,221 to €0
- Profit (loss) carried forward +€5,610
up €5,610 (+5.7%), from €98,745 to €104,355
- Gross operating margin +€2,849
up €2,849 (+15.6%), from €18,211 to €21,060
- Other operating charges +€2,359
up €2,359 (+366%), from €644 to €3,003
- Financial charges +€1,424
up €1,424 (+38.4%), from €3,707 to €5,131
- Financial income -€1,177
down €1,177 (-92.9%), from €1,268 to €90
- Taxes +€353
up €353 (+14.4%), from €2,449 to €2,802
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 | €293,410 | €296,918 | +€3,508 | +1.2% |
| Fixed assets | 21/28 | €12,698 | €8,093 | -€4,605 | -36.3% |
| Tangible fixed assets | 22/27 | €12,698 | €8,093 | -€4,605 | -36.3% |
| Plant, machinery and equipment | 23 | €942 | €373 | -€569 | -60.4% |
| Furniture and vehicles | 24 | €11,756 | €7,720 | -€4,036 | -34.3% |
| Current assets | 29/58 | €280,712 | €288,825 | +€8,113 | +2.9% |
| Stocks and contracts in progress | 3 | €275,481 | €259,009 | -€16,472 | -6.0% |
| Stocks | 30/36 | €275,481 | €259,009 | -€16,472 | -6.0% |
| Amounts receivable within one year | 40/41 | - | €16,275 | +€16,275 | |
| Trade receivables | 40 | - | €16,275 | +€16,275 | |
| Cash at bank and in hand | 54/58 | €5,231 | €13,541 | +€8,310 | +159% |
| Total equity and liabilities | 10/49 | €293,410 | €296,918 | +€3,508 | +1.2% |
| Equity | 10/15 | €119,196 | €124,806 | +€5,610 | +4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,745 | €104,355 | +€5,610 | +5.7% |
| Amounts payable | 17/49 | €174,214 | €172,112 | -€2,102 | -1.2% |
| Amounts payable after more than one year | 17 | €51,993 | €0 | -€51,993 | -100% |
| Financial debts | 170/4 | €51,993 | €0 | -€51,993 | -100% |
| Amounts payable within one year | 42/48 | €94,218 | €172,112 | +€77,894 | +82.7% |
| Current portion of amounts payable after more than one year | 42 | €3,993 | €3,679 | -€315 | -7.9% |
| Financial debts | 43 | €6,221 | €0 | -€6,221 | -100% |
| Credit institutions | 430/8 | €6,221 | €0 | -€6,221 | -100% |
| Trade debts | 44 | €2,362 | €2,334 | -€28 | -1.2% |
| Suppliers | 440/4 | €2,362 | €2,334 | -€28 | -1.2% |
| Taxes, remuneration and social security | 45 | €20,415 | €16,817 | -€3,598 | -17.6% |
| Taxes | 450/3 | €20,415 | €16,817 | -€3,598 | -17.6% |
| Other amounts payable | 47/48 | €61,227 | €149,283 | +€88,055 | +144% |
| Accrued charges and deferred income | 492/3 | €28,003 | €0 | -€28,003 | -100% |
| Non-recurring operating income | 76A | €200 | €0 | -€200 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,709 | €4,605 | -€104 | -2.2% |
| Other operating charges | 640/8 | €644 | €3,003 | +€2,359 | +366% |
| Gross operating margin | 9900 | €18,211 | €21,060 | +€2,849 | +15.6% |
| Operating profit (loss) | 9901 | €12,858 | €13,453 | +€594 | +4.6% |
| Financial income | 75/76B | €1,268 | €90 | -€1,177 | -92.9% |
| Recurring financial income | 75 | €1,268 | €90 | -€1,177 | -92.9% |
| Financial charges | 65/66B | €3,707 | €5,131 | +€1,424 | +38.4% |
| Recurring financial charges | 65 | €3,707 | €5,131 | +€1,424 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €10,419 | €8,412 | -€2,007 | -19.3% |
| Income taxes | 67/77 | €2,449 | €2,802 | +€353 | +14.4% |
| Profit (loss) for the period | 9904 | €7,970 | €5,610 | -€2,360 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,970 | €5,610 | -€2,360 | -29.6% |
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 17 October 2026 via checked.be.