RHEASTONE 6: 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 6
Largest movements
- Cash -€695,801
down €695,801 (-98.4%), from €707,203 to €11,402
mainly Debts after one year (-€4.1m) and Tax, wage and social debts (-€334,584)
- Tangible fixed assets -€438,462
down €438,462 (-3.0%), from €14.7m to €14.2m
- Receivables within one year +€269,460
up €269,460 (+2,798%), from €9,631 to €279,091
of which Trade receivables: +€192,721
- Debts after one year -€4.1m
down €4.1m (-26.5%), from €15.5m to €11.4m
- Contributions +€2.9m
up €2.9m (+15,796%), from €18,600 to €3.0m
- Profit (loss) carried forward +€519,979
up €519,979, from -€461,997 to €57,982
- Tax, wage and social debts -€334,584
no longer reported in 2022 (was €334,584)
- Gross operating margin +€583,964
up €583,964 (+414%), from €141,034 to €724,998
- Depreciation +€206,837
up €206,837 (+89.3%), from €231,625 to €438,462
- Turnover -€151,667
no longer reported in 2022 (was €151,667)
- Financial charges -€31,150
down €31,150 (-13.4%), from €232,405 to €201,255
- Financial income -€25,866
no longer reported in 2022 (was €25,866)
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
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,372,918 | €14,508,115 | -€864,803 | -5.6% |
| Fixed assets | 21/28 | €14,656,084 | €14,217,622 | -€438,462 | -3.0% |
| Tangible fixed assets | 22/27 | €14,656,084 | €14,217,622 | -€438,462 | -3.0% |
| Land and buildings | 22 | €14,656,084 | €14,217,622 | -€438,462 | -3.0% |
| Current assets | 29/58 | €716,834 | €290,493 | -€426,341 | -59.5% |
| Amounts receivable within one year | 40/41 | €9,631 | €279,091 | +€269,460 | +2,798% |
| Trade receivables | 40 | €9,631 | €202,352 | +€192,721 | +2,001% |
| Other amounts receivable | 41 | - | €76,739 | +€76,739 | |
| Cash at bank and in hand | 54/58 | €707,203 | €11,402 | -€695,801 | -98.4% |
| Total equity and liabilities | 10/49 | €15,372,918 | €14,508,115 | -€864,803 | -5.6% |
| Equity | 10/15 | -€443,397 | €3,017,637 | +€3.5m | |
| Contributions | 10/11 | €18,600 | €2,956,603 | +€2.9m | +15,796% |
| Capital | 10 | - | €2,956,603 | +€3.0m | |
| Issued capital | 100 | - | €2,956,603 | +€3.0m | |
| Reserves | 13 | - | €3,052 | +€3,052 | |
| Non-distributable reserves | 130/1 | - | €3,052 | +€3,052 | |
| Legal reserve | 130 | - | €3,052 | +€3,052 | |
| Profit (loss) carried forward | 14 | -€461,997 | €57,982 | +€519,979 | |
| Amounts payable | 17/49 | €15,816,315 | €11,490,478 | -€4.3m | -27.4% |
| Amounts payable after more than one year | 17 | €15,481,731 | €11,383,331 | -€4.1m | -26.5% |
| Financial debts | 170/4 | €15,481,731 | €11,383,331 | -€4.1m | -26.5% |
| Amounts payable within one year | 42/48 | €334,584 | €107,147 | -€227,437 | -68.0% |
| Trade debts | 44 | - | €17,147 | +€17,147 | |
| Suppliers | 440/4 | - | €17,147 | +€17,147 | |
| Taxes, remuneration and social security | 45 | €334,584 | - | -€334,584 | |
| Taxes | 450/3 | €334,584 | - | -€334,584 | |
| Other amounts payable | 47/48 | - | €90,000 | +€90,000 | |
| Turnover | 70 | €151,667 | - | -€151,667 | |
| Goods, raw materials, services and sundry goods | 60/61 | €20,972 | - | -€20,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,625 | €438,462 | +€206,837 | +89.3% |
| Other operating charges | 640/8 | €10,861 | €905 | -€9,956 | -91.7% |
| Gross operating margin | 9900 | €141,034 | €724,998 | +€583,964 | +414% |
| Operating profit (loss) | 9901 | -€101,452 | €285,631 | +€387,083 | |
| Financial income | 75/76B | €25,866 | - | -€25,866 | |
| Recurring financial income | 75 | €25,866 | - | -€25,866 | |
| Financial charges | 65/66B | €232,405 | €201,255 | -€31,150 | -13.4% |
| Recurring financial charges | 65 | €232,405 | €201,255 | -€31,150 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€307,991 | €84,376 | +€392,367 | |
| Income taxes | 67/77 | - | €23,342 | +€23,342 | |
| Profit (loss) for the period | 9904 | -€307,991 | €61,034 | +€369,025 | |
| Profit (loss) for the period to be appropriated | 9905 | -€307,991 | €61,034 | +€369,025 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.