RHEOSTAT: 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.
RHEOSTAT
Largest movements
- Cash +€179,410
up €179,410 (+29.8%), from €601,070 to €780,480
mainly Net result for the year (+€173,215) and Depreciation (+€169,357)
- Tangible fixed assets -€131,788
down €131,788 (-8.8%), from €1.5m to €1.4m
of which Land and buildings: -€146,798
- Receivables within one year -€39,003
down €39,003 (-25.8%), from €151,420 to €112,418
of which Other amounts receivable: -€63,186
- Reserves +€1.8m
up €1.8m (+435%), from €411,517 to €2.2m
of which Distributable reserves: +€1.8m
- Profit (loss) carried forward -€1.6m
down €1.6m (-100%), from €1.6m to €0
- Trade debts -€88,461
down €88,461 (-52.9%), from €167,168 to €78,708
- Tax, wage and social debts -€42,226
down €42,226 (-70.0%), from €60,344 to €18,118
of which Taxes: -€30,376
- Gross operating margin +€134,835
up €134,835 (+33.1%), from €407,891 to €542,726
- Taxes +€47,068
up €47,068 (+136%), from €34,706 to €81,774
- Staff costs -€16,189
down €16,189 (-16.0%), from €101,066 to €84,877
- Depreciation +€10,081
up €10,081 (+6.3%), from €159,276 to €169,357
- Financial charges +€8,750
up €8,750 (+400%), from €2,185 to €10,935
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,466,743 | €2,520,341 | +€53,597 | +2.2% |
| Fixed assets | 21/28 | €1,509,451 | €1,377,663 | -€131,788 | -8.7% |
| Tangible fixed assets | 22/27 | €1,505,451 | €1,373,663 | -€131,788 | -8.8% |
| Land and buildings | 22 | €1,441,726 | €1,294,929 | -€146,798 | -10.2% |
| Plant, machinery and equipment | 23 | €11,579 | €5,244 | -€6,335 | -54.7% |
| Furniture and vehicles | 24 | €52,145 | €73,490 | +€21,345 | +40.9% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €957,293 | €1,142,677 | +€185,385 | +19.4% |
| Amounts receivable within one year | 40/41 | €151,420 | €112,418 | -€39,003 | -25.8% |
| Trade receivables | 40 | €85,420 | €109,604 | +€24,184 | +28.3% |
| Other amounts receivable | 41 | €66,000 | €2,814 | -€63,186 | -95.7% |
| Current investments | 50/53 | €172,988 | €196,634 | +€23,645 | +13.7% |
| Cash at bank and in hand | 54/58 | €601,070 | €780,480 | +€179,410 | +29.8% |
| Deferred charges and accrued income | 490/1 | €31,814 | €53,146 | +€21,332 | +67.1% |
| Total equity and liabilities | 10/49 | €2,466,743 | €2,520,341 | +€53,597 | +2.2% |
| Equity | 10/15 | €2,092,272 | €2,265,487 | +€173,215 | +8.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €411,517 | €2,203,487 | +€1.8m | +435% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €405,317 | €2,197,287 | +€1.8m | +442% |
| Profit (loss) carried forward | 14 | €1,618,755 | €0 | -€1.6m | -100% |
| Amounts payable | 17/49 | €374,471 | €254,854 | -€119,618 | -31.9% |
| Amounts payable within one year | 42/48 | €353,206 | €231,587 | -€121,619 | -34.4% |
| Trade debts | 44 | €167,168 | €78,708 | -€88,461 | -52.9% |
| Suppliers | 440/4 | €167,168 | €78,708 | -€88,461 | -52.9% |
| Taxes, remuneration and social security | 45 | €60,344 | €18,118 | -€42,226 | -70.0% |
| Taxes | 450/3 | €36,303 | €5,927 | -€30,376 | -83.7% |
| Remuneration and social security | 454/9 | €24,041 | €12,192 | -€11,850 | -49.3% |
| Other amounts payable | 47/48 | €125,694 | €134,761 | +€9,067 | +7.2% |
| Accrued charges and deferred income | 492/3 | €21,265 | €23,267 | +€2,002 | +9.4% |
| Non-recurring operating income | 76A | - | €4,450 | +€4,450 | |
| Remuneration, social security and pensions | 62 | €101,066 | €84,877 | -€16,189 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,276 | €169,357 | +€10,081 | +6.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €36,547 | €29,101 | -€7,446 | -20.4% |
| Gross operating margin | 9900 | €407,891 | €542,726 | +€134,835 | +33.1% |
| Operating profit (loss) | 9901 | €111,001 | €259,390 | +€148,389 | +134% |
| Financial income | 75/76B | €5,094 | €6,534 | +€1,440 | +28.3% |
| Recurring financial income | 75 | €5,094 | €6,534 | +€1,440 | +28.3% |
| Financial charges | 65/66B | €2,185 | €10,935 | +€8,750 | +400% |
| Recurring financial charges | 65 | €2,185 | €10,935 | +€8,750 | +400% |
| Profit (loss) for the period before taxes | 9903 | €113,910 | €254,989 | +€141,079 | +124% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €34,706 | €81,774 | +€47,068 | +136% |
| Profit (loss) for the period | 9904 | €79,204 | €173,215 | +€94,011 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €79,204 | €173,215 | +€94,011 | +119% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.