RHeady: what changed
RHeady
Largest movements
- Current investments -€20,838
down €20,838 (-31.2%), from €66,859 to €46,021
- Tangible fixed assets -€15,015
down €15,015 (-23.5%), from €63,784 to €48,769
of which Furniture and vehicles: -€15,015
- Receivables within one year -€10,331
down €10,331 (-30.9%), from €33,425 to €23,094
of which Trade receivables: -€8,064
- Deferred charges and accrued income -€3,600
no longer reported in 2025 (was €3,600)
- Other debts -€48,073
no longer reported in 2025 (was €48,073)
- Debts after one year -€14,932
down €14,932 (-44.9%), from €33,255 to €18,324
- Trade debts +€13,821
up €13,821 (+450%), from €3,070 to €16,891
- Profit (loss) carried forward -€7,352
down €7,352, from €1,021 to -€6,331
- Tax, wage and social debts +€3,947
up €3,947 (+698%), from €565 to €4,512
- Financial charges +€23,589
up €23,589 (+1,314%), from €1,795 to €25,384
of which Financial charges: +€22,978
- Gross operating margin -€22,469
down €22,469 (-40.8%), from €55,061 to €32,592
- Taxes -€7,366
down €7,366 (-95.3%), from €7,725 to €360
- Depreciation -€4,110
down €4,110 (-22.2%), from €18,513 to €14,404
- Financial income -€1,253
down €1,253 (-56.7%), from €2,208 to €955
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,699 | €174,229 | -€49,470 | -22.1% |
| Fixed assets | 21/28 | €63,784 | €48,769 | -€15,015 | -23.5% |
| Tangible fixed assets | 22/27 | €63,784 | €48,769 | -€15,015 | -23.5% |
| Furniture and vehicles | 24 | €57,284 | €42,269 | -€15,015 | -26.2% |
| Other tangible fixed assets | 26 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €159,915 | €125,460 | -€34,455 | -21.5% |
| Amounts receivable within one year | 40/41 | €33,425 | €23,094 | -€10,331 | -30.9% |
| Trade receivables | 40 | €21,318 | €13,254 | -€8,064 | -37.8% |
| Other amounts receivable | 41 | €12,107 | €9,840 | -€2,267 | -18.7% |
| Current investments | 50/53 | €66,859 | €46,021 | -€20,838 | -31.2% |
| Cash at bank and in hand | 54/58 | €56,031 | €56,346 | +€315 | +0.6% |
| Deferred charges and accrued income | 490/1 | €3,600 | - | -€3,600 | |
| Total equity and liabilities | 10/49 | €223,699 | €174,229 | -€49,470 | -22.1% |
| Equity | 10/15 | €133,921 | €126,569 | -€7,352 | -5.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €112,440 | €112,440 | = | 0.0% |
| Distributable reserves | 133 | €112,440 | €112,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,021 | -€6,331 | -€7,352 | |
| Amounts payable | 17/49 | €89,778 | €47,660 | -€42,118 | -46.9% |
| Amounts payable after more than one year | 17 | €33,255 | €18,324 | -€14,932 | -44.9% |
| Financial debts | 170/4 | €33,255 | €18,324 | -€14,932 | -44.9% |
| Amounts payable within one year | 42/48 | €56,523 | €29,337 | -€27,186 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €4,815 | €7,934 | +€3,119 | +64.8% |
| Trade debts | 44 | €3,070 | €16,891 | +€13,821 | +450% |
| Suppliers | 440/4 | €3,070 | €16,891 | +€13,821 | +450% |
| Taxes, remuneration and social security | 45 | €565 | €4,512 | +€3,947 | +698% |
| Taxes | 450/3 | €565 | €4,512 | +€3,947 | +698% |
| Other amounts payable | 47/48 | €48,073 | - | -€48,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,513 | €14,404 | -€4,110 | -22.2% |
| Other operating charges | 640/8 | €642 | €752 | +€110 | +17.1% |
| Non-recurring operating charges | 66A | €976 | - | -€976 | |
| Gross operating margin | 9900 | €55,061 | €32,592 | -€22,469 | -40.8% |
| Operating profit (loss) | 9901 | €34,930 | €17,437 | -€17,493 | -50.1% |
| Financial income | 75/76B | €2,208 | €955 | -€1,253 | -56.7% |
| Recurring financial income | 75 | €2,208 | €955 | -€1,253 | -56.7% |
| Financial charges | 65/66B | €1,795 | €25,384 | +€23,589 | +1,314% |
| Recurring financial charges | 65 | €1,795 | €24,772 | +€22,978 | +1,280% |
| Non-recurring financial charges | 66B | - | €612 | +€612 | |
| Profit (loss) for the period before taxes | 9903 | €35,343 | -€6,993 | -€42,335 | |
| Income taxes | 67/77 | €7,725 | €360 | -€7,366 | -95.3% |
| Profit (loss) for the period | 9904 | €27,617 | -€7,352 | -€34,969 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,617 | -€7,352 | -€34,969 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.