RHFC: what changed
Two fiscal 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.
RHFC
Largest movements
- Tangible fixed assets -€33,376
down €33,376 (-4.6%), from €729,313 to €695,937
- Receivables within one year +€29,211
up €29,211 (+522.0%), from €5,596 to €34,807
of which Trade receivables: +€29,211
- Cash +€20,626
up €20,626 (+377.0%), from €5,471 to €26,097
mainly Depreciation (+€33,376) and Net result for the year (+€16,049)
- Profit (loss) carried forward +€16,049
up €16,049 (+11.8%), from -€136,398 to -€120,348
- Gross operating margin +€45,866
up €45,866 (+571.2%), from €8,030 to €53,897
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.
Cash bridge derived
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 | €740,381 | €756,841 | +€16,461 | +2.2% |
| Fixed assets | 21/28 | €729,313 | €695,937 | -€33,376 | -4.6% |
| Tangible fixed assets | 22/27 | €729,313 | €695,937 | -€33,376 | -4.6% |
| Land and buildings | 22 | €729,313 | €695,937 | -€33,376 | -4.6% |
| Current assets | 29/58 | €11,068 | €60,904 | +€49,837 | +450.3% |
| Amounts receivable within one year | 40/41 | €5,596 | €34,807 | +€29,211 | +522.0% |
| Trade receivables | 40 | €4,650 | €33,861 | +€29,211 | +628.2% |
| Other amounts receivable | 41 | €946 | €946 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,471 | €26,097 | +€20,626 | +377.0% |
| Total equity and liabilities | 10/49 | €740,381 | €756,841 | +€16,461 | +2.2% |
| Equity | 10/15 | €288,602 | €304,652 | +€16,049 | +5.6% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,398 | -€120,348 | +€16,049 | +11.8% |
| Amounts payable | 17/49 | €451,778 | €452,189 | +€411 | +0.1% |
| Amounts payable within one year | 42/48 | €428,584 | €428,995 | +€411 | +0.1% |
| Trade debts | 44 | €4,932 | €3,757 | -€1,175 | -23.8% |
| Suppliers | 440/4 | €4,932 | €3,757 | -€1,175 | -23.8% |
| Taxes, remuneration and social security | 45 | €1,528 | €3,119 | +€1,591 | +104.1% |
| Taxes | 450/3 | €1,528 | €3,119 | +€1,591 | +104.1% |
| Other amounts payable | 47/48 | €422,125 | €422,120 | -€5 | 0.0% |
| Accrued charges and deferred income | 492/3 | €23,194 | €23,194 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,041 | €33,376 | +€335 | +1.0% |
| Other operating charges | 640/8 | €4,256 | €4,388 | +€132 | +3.1% |
| Gross operating margin | 9900 | €8,030 | €53,897 | +€45,866 | +571.2% |
| Operating profit (loss) | 9901 | -€29,266 | €16,133 | +€45,399 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €94 | €83 | -€10 | -10.9% |
| Recurring financial charges | 65 | €94 | €83 | -€10 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,360 | €16,049 | +€45,409 | |
| Profit (loss) for the period | 9904 | -€29,360 | €16,049 | +€45,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,360 | €16,049 | +€45,409 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.