Rhea Ingredients: 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.
What changed
Rhea Ingredients
NACE 64.210, Activities of holding companies
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€522,707
2025 · €499,663+€23,044
Equity
€11.6m
2025 · €11.1m+€475,515
Cash
€12,528
2025 · €13,852-€1,325
Balance sheet total
€15.7m
2025 · €15.5m+€122,553
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€475,515
up €475,515 (+7.8%), from €6.1m to €6.6m
- Debts after one year -€362,308
down €362,308 (-9.3%), from €3.9m to €3.5m
Income statement
- Turnover +€42,901
up €42,901 (+8.3%), from €516,000 to €558,901
- Services and other goods +€19,124
up €19,124 (+6.4%), from €297,435 to €316,559
From the 2025 result to the 2026 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.
Result 2025
€499,663
Turnover
+€42,901
Other operating income
+€6
Services and other goods
-€19,124
Staff costs
-€2,944
Other operating charges
-€1,245
Financial charges
+€3,450
Result 2026
€522,707
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€531,171
Investment
-€123,000
Financing
-€409,496
Cash 2025
€13,852
From operations (derived)
+€531,171
Net result for the year
+€522,707
Depreciation
+€1,055
Smaller working-capital items
-€855
Trade debts
+€3,975
Other debts
+€4,290
Investment (derived)
-€123,000
Investment in fixed assets (net)
-€123,000
Financing
-€409,496
Debts after one year
-€362,308
Short-term financial debts
+€3
Contributions, distributions and other
-€47,191
Cash 2026
€12,528
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,545,617 | €15,668,169 | +€122,553 | +0.8% |
| Formation expenses | 20 | €1,999 | €945 | -€1,055 | -52.8% |
| Fixed assets | 21/28 | €15,507,500 | €15,630,500 | +€123,000 | +0.8% |
| Financial fixed assets | 28 | €15,507,500 | €15,630,500 | +€123,000 | +0.8% |
| Affiliated companies | 280/1 | €15,507,500 | €15,630,500 | +€123,000 | +0.8% |
| Participating interests | 280 | €15,359,000 | €15,359,000 | = | 0.0% |
| Amounts receivable | 281 | €148,500 | €271,500 | +€123,000 | +82.8% |
| Current assets | 29/58 | €36,118 | €36,725 | +€607 | +1.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €10,527 | €11,377 | +€850 | +8.1% |
| Other amounts receivable | 41 | €10,527 | €11,377 | +€850 | +8.1% |
| Cash at bank and in hand | 54/58 | €13,852 | €12,528 | -€1,325 | -9.6% |
| Deferred charges and accrued income | 490/1 | €11,738 | €12,820 | +€1,082 | +9.2% |
| Total equity and liabilities | 10/49 | €15,545,617 | €15,668,169 | +€122,553 | +0.8% |
| Equity | 10/15 | €11,112,513 | €11,588,029 | +€475,515 | +4.3% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,112,513 | €6,588,029 | +€475,515 | +7.8% |
| Amounts payable | 17/49 | €4,433,104 | €4,080,141 | -€352,963 | -8.0% |
| Amounts payable after more than one year | 17 | €3,882,822 | €3,520,514 | -€362,308 | -9.3% |
| Financial debts | 170/4 | €3,882,822 | €3,520,514 | -€362,308 | -9.3% |
| Credit institutions | 173 | €446,000 | €0 | -€446,000 | -100% |
| Other loans | 174 | €3,436,822 | €3,520,514 | +€83,692 | +2.4% |
| Amounts payable within one year | 42/48 | €540,004 | €548,807 | +€8,804 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €446,000 | €446,000 | = | 0.0% |
| Financial debts | 43 | €168 | €171 | +€3 | +1.8% |
| Credit institutions | 430/8 | €168 | €171 | +€3 | +1.8% |
| Trade debts | 44 | €32,233 | €36,208 | +€3,975 | +12.3% |
| Suppliers | 440/4 | €32,233 | €36,208 | +€3,975 | +12.3% |
| Taxes, remuneration and social security | 45 | €18,702 | €19,237 | +€535 | +2.9% |
| Taxes | 450/3 | €944 | €962 | +€18 | +1.9% |
| Remuneration and social security | 454/9 | €17,758 | €18,275 | +€517 | +2.9% |
| Other amounts payable | 47/48 | €42,901 | €47,191 | +€4,290 | +10.0% |
| Accrued charges and deferred income | 492/3 | €10,278 | €10,820 | +€541 | +5.3% |
| Operating income | 70/76A | €516,385 | €559,293 | +€42,908 | +8.3% |
| Turnover | 70 | €516,000 | €558,901 | +€42,901 | +8.3% |
| Other operating income | 74 | €385 | €392 | +€6 | +1.7% |
| Operating charges | 60/66A | €380,660 | €403,974 | +€23,313 | +6.1% |
| Services and other goods | 61 | €297,435 | €316,559 | +€19,124 | +6.4% |
| Remuneration, social security and pensions | 62 | €82,051 | €84,995 | +€2,944 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,055 | €1,055 | = | 0.0% |
| Other operating charges | 640/8 | €120 | €1,365 | +€1,245 | +1,039% |
| Operating profit (loss) | 9901 | €135,725 | €155,319 | +€19,594 | +14.4% |
| Financial income | 75/76B | €500,000 | €500,000 | = | 0.0% |
| Recurring financial income | 75 | €500,000 | €500,000 | = | 0.0% |
| Income from financial fixed assets | 750 | €500,000 | €500,000 | = | 0.0% |
| Financial charges | 65/66B | €136,062 | €132,613 | -€3,450 | -2.5% |
| Recurring financial charges | 65 | €136,062 | €132,613 | -€3,450 | -2.5% |
| Debt charges | 650 | €135,478 | €131,988 | -€3,490 | -2.6% |
| Other financial charges | 652/9 | €585 | €625 | +€41 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €499,663 | €522,707 | +€23,044 | +4.6% |
| Profit (loss) for the period | 9904 | €499,663 | €522,707 | +€23,044 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €499,663 | €522,707 | +€23,044 | +4.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.