RHEASTONE 8: 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
RHEASTONE 8
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2021 compared with 2020filed annual accounts (NBB)
Net result for the year
-€9,156
2020 · -€6,505-€2,651
Equity
€12,296
2020 · -€58,547+€70,844
Cash
€110,820
2020 · €9,743+€101,077
Balance sheet total
€12.5m
2020 · €3.6m+€8.9m
Largest movements
Assets
- Tangible fixed assets +€8.8m
up €8.8m (+248%), from €3.6m to €12.4m
Equity and liabilities
- Debts +€8.8m
up €8.8m (+243%), from €3.6m to €12.5m
of which Debts within one year: +€8.7m
Income statement
- Goods and materials +€8.7m
new in 2021: €8.7m
From the 2020 result to the 2021 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 2020
-€6,505
Other operating charges
-€2,447
Other operating items
-€7,933
Financial income
+€40
Financial charges
-€339
Other financial items
+€8,028
Result 2021
-€9,156
raises the resultlowers the resultnot broken down further in the accounts
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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,582,616 | €12,493,821 | +€8.9m | +249% |
| Fixed assets | 21/28 | €3,558,911 | €12,373,761 | +€8.8m | +248% |
| Tangible fixed assets | 22/27 | €3,558,911 | €12,373,761 | +€8.8m | +248% |
| Assets under construction and advance payments | 27 | - | €12,373,761 | +€12.4m | |
| Current assets | 29/58 | €23,705 | €120,060 | +€96,354 | +406% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €13,452 | €0 | -€13,452 | -100% |
| Trade receivables | 40 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €9,743 | €110,820 | +€101,077 | +1,037% |
| Deferred charges and accrued income | 490/1 | - | €9,239 | +€9,239 | |
| Total equity and liabilities | 10/49 | €3,582,616 | €12,493,821 | +€8.9m | +249% |
| Equity | 10/15 | -€58,547 | €12,296 | +€70,844 | |
| Contributions | 10/11 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | -€78,547 | -€87,704 | -€9,156 | -11.7% |
| Amounts payable | 17/49 | €3,641,163 | €12,481,525 | +€8.8m | +243% |
| Amounts payable after more than one year | 17 | €1,072,416 | €1,107,416 | +€35,000 | +3.3% |
| Financial debts | 170/4 | - | €1,107,416 | +€1.1m | |
| Other loans | 174 | - | €1,107,416 | +€1.1m | |
| Amounts payable within one year | 42/48 | €2,498,845 | €11,221,135 | +€8.7m | +349% |
| Financial debts | 43 | - | €11,168,600 | +€11.2m | |
| Credit institutions | 430/8 | - | €11,168,600 | +€11.2m | |
| Trade debts | 44 | €833,845 | €52,435 | -€781,410 | -93.7% |
| Suppliers | 440/4 | - | €52,435 | +€52,435 | |
| Other amounts payable | 47/48 | - | €100 | +€100 | |
| Accrued charges and deferred income | 492/3 | - | €152,974 | +€152,974 | |
| Operating income | 70/76A | - | €8,662,035 | +€8.7m | |
| Own construction capitalised | 72 | - | €8,662,035 | +€8.7m | |
| Operating charges | 60/66A | - | €8,670,892 | +€8.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €8,662,035 | +€8.7m | |
| Purchases | 600/8 | - | €8,662,035 | +€8.7m | |
| Services and other goods | 61 | - | €6,410 | +€6,410 | |
| Other operating charges | 640/8 | - | €2,447 | +€2,447 | |
| Operating profit (loss) | 9901 | €1,523 | -€8,857 | -€10,380 | |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Other financial income | 752/9 | - | €40 | +€40 | |
| Financial charges | 65/66B | - | €339 | +€339 | |
| Recurring financial charges | 65 | €8,028 | €339 | -€7,689 | -95.8% |
| Debt charges | 650 | €7,679 | €55 | -€7,624 | -99.3% |
| Other financial charges | 652/9 | - | €284 | +€284 | |
| Profit (loss) for the period before taxes | 9903 | -€6,505 | -€9,156 | -€2,651 | -40.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,505 | -€9,156 | -€2,651 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,505 | -€9,156 | -€2,651 | -40.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.