RHEASTONE 10: 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.
RHEASTONE 10
Largest movements
- Current assets -€292,827
down €292,827 (-16.2%), from €1.8m to €1.5m
of which Receivables within one year: -€468,176
- Tangible fixed assets -€220,270
down €220,270 (-2.5%), from €8.8m to €8.5m
- Debts -€585,649
down €585,649 (-9.3%), from €6.3m to €5.7m
of which Debts within one year: -€592,815
- Profit (loss) carried forward +€189,025
up €189,025 (+22.6%), from €835,305 to €1.0m
- Financial charges +€148,287
new in 2022: €148,287
- Gross operating margin +€74,938
up €74,938 (+11.2%), from €669,117 to €744,055
- Other operating charges +€63,294
new in 2022: €63,294
- Taxes +€22,877
up €22,877 (+6,135%), from €373 to €23,250
- Depreciation +€18,572
up €18,572 (+4.5%), from €415,671 to €434,243
From the 2021 result to the 2022 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,572,174 | €10,061,988 | -€510,187 | -4.8% |
| Fixed assets | 21/28 | €8,763,022 | €8,545,663 | -€217,360 | -2.5% |
| Intangible fixed assets | 21 | €2,428 | €1,619 | -€809 | -33.3% |
| Tangible fixed assets | 22/27 | €8,760,594 | €8,540,324 | -€220,270 | -2.5% |
| Land and buildings | 22 | - | €8,469,466 | +€8.5m | |
| Plant, machinery and equipment | 23 | - | €8,782 | +€8,782 | |
| Furniture and vehicles | 24 | - | €62,075 | +€62,075 | |
| Financial fixed assets | 28 | - | €3,720 | +€3,720 | |
| Current assets | 29/58 | €1,809,152 | €1,516,325 | -€292,827 | -16.2% |
| Amounts receivable within one year | 40/41 | €542,622 | €74,445 | -€468,176 | -86.3% |
| Trade receivables | 40 | - | €8,022 | +€8,022 | |
| Other amounts receivable | 41 | - | €66,424 | +€66,424 | |
| Current investments | 50/53 | €900,000 | €900,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €359,643 | €538,058 | +€178,415 | +49.6% |
| Deferred charges and accrued income | 490/1 | - | €3,822 | +€3,822 | |
| Total equity and liabilities | 10/49 | €10,572,174 | €10,061,988 | -€510,187 | -4.8% |
| Equity | 10/15 | €3,951,030 | €4,065,092 | +€114,062 | +2.9% |
| Contributions | 10/11 | €1,969,920 | €1,969,920 | = | 0.0% |
| Capital | 10 | - | €1,969,920 | +€2.0m | |
| Issued capital | 100 | - | €1,969,920 | +€2.0m | |
| Reserves | 13 | €1,145,805 | €1,070,842 | -€74,963 | -6.5% |
| Non-distributable reserves | 130/1 | - | €196,992 | +€196,992 | |
| Legal reserve | 130 | - | €196,992 | +€196,992 | |
| Tax-exempt reserves | 132 | - | €552,008 | +€552,008 | |
| Distributable reserves | 133 | - | €321,842 | +€321,842 | |
| Profit (loss) carried forward | 14 | €835,305 | €1,024,330 | +€189,025 | +22.6% |
| Provisions and deferred taxes | 16 | €322,841 | €284,241 | -€38,600 | -12.0% |
| Deferred taxes | 168 | - | €284,241 | +€284,241 | |
| Amounts payable | 17/49 | €6,298,304 | €5,712,654 | -€585,649 | -9.3% |
| Amounts payable within one year | 42/48 | €6,270,370 | €5,677,555 | -€592,815 | -9.5% |
| Trade debts | 44 | €30,407 | €21,306 | -€9,100 | -29.9% |
| Suppliers | 440/4 | - | €21,306 | +€21,306 | |
| Taxes, remuneration and social security | 45 | - | €8,250 | +€8,250 | |
| Taxes | 450/3 | - | €8,250 | +€8,250 | |
| Other amounts payable | 47/48 | - | €5,647,999 | +€5.6m | |
| Accrued charges and deferred income | 492/3 | - | €35,099 | +€35,099 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415,671 | €434,243 | +€18,572 | +4.5% |
| Other operating charges | 640/8 | - | €63,294 | +€63,294 | |
| Gross operating margin | 9900 | €669,117 | €744,055 | +€74,938 | +11.2% |
| Operating profit (loss) | 9901 | €252,118 | €246,517 | -€5,601 | -2.2% |
| Financial income | 75/76B | - | €482 | +€482 | |
| Recurring financial income | 75 | - | €482 | +€482 | |
| Financial charges | 65/66B | - | €148,287 | +€148,287 | |
| Recurring financial charges | 65 | €107,055 | €148,287 | +€41,232 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €145,063 | €98,713 | -€46,351 | -32.0% |
| Transfer from deferred taxes | 780 | - | €38,600 | +€38,600 | |
| Income taxes | 67/77 | €373 | €23,250 | +€22,877 | +6,135% |
| Profit (loss) for the period | 9904 | €183,290 | €114,062 | -€69,228 | -37.8% |
| Transfer from tax-exempt reserves | 789 | - | €74,963 | +€74,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €258,253 | €189,025 | -€69,228 | -26.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.