Rhsolutions: 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.
Rhsolutions
Largest movements
- Receivables within one year -€16,825
down €16,825 (-30.1%), from €55,968 to €39,143
of which Trade receivables: -€19,088
- Cash -€14,356
down €14,356 (-14.9%), from €96,314 to €81,959
mainly Contributions, distributions and other (-€46,497) and Debts after one year (-€13,224)
- Tangible fixed assets -€5,955
down €5,955 (-19.1%), from €31,222 to €25,267
- Reserves -€45,819
down €45,819 (-32.7%), from €140,316 to €94,497
- Other debts +€15,218
up €15,218 (+93.2%), from €16,323 to €31,541
- Debts after one year -€13,224
down €13,224 (-100%), from €13,224 to €0
- Trade debts +€10,506
up €10,506 (+67.5%), from €15,566 to €26,072
- Current portion of long-term debt -€6,399
down €6,399 (-100%), from €6,399 to €0
- Gross operating margin -€59,346
down €59,346 (-80.5%), from €73,757 to €14,411
- Taxes -€11,321
down €11,321 (-82.6%), from €13,706 to €2,385
- Other operating charges -€1,049
down €1,049 (-37.1%), from €2,827 to €1,778
- Financial income +€864
up €864 (+80.6%), from €1,072 to €1,936
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 | €196,974 | €162,732 | -€34,242 | -17.4% |
| Fixed assets | 21/28 | €31,222 | €25,267 | -€5,955 | -19.1% |
| Tangible fixed assets | 22/27 | €31,222 | €25,267 | -€5,955 | -19.1% |
| Land and buildings | 22 | €20,964 | €18,682 | -€2,282 | -10.9% |
| Plant, machinery and equipment | 23 | €4,340 | €2,325 | -€2,015 | -46.4% |
| Furniture and vehicles | 24 | €5,918 | €4,260 | -€1,659 | -28.0% |
| Current assets | 29/58 | €165,752 | €137,465 | -€28,287 | -17.1% |
| Stocks and contracts in progress | 3 | €13,469 | €15,335 | +€1,866 | +13.9% |
| Stocks | 30/36 | €13,469 | €15,335 | +€1,866 | +13.9% |
| Amounts receivable within one year | 40/41 | €55,968 | €39,143 | -€16,825 | -30.1% |
| Trade receivables | 40 | €49,329 | €30,241 | -€19,088 | -38.7% |
| Other amounts receivable | 41 | €6,639 | €8,902 | +€2,263 | +34.1% |
| Cash at bank and in hand | 54/58 | €96,314 | €81,959 | -€14,356 | -14.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,029 | +€1,029 | |
| Total equity and liabilities | 10/49 | €196,974 | €162,732 | -€34,242 | -17.4% |
| Equity | 10/15 | €144,316 | €98,497 | -€45,819 | -31.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €140,316 | €94,497 | -€45,819 | -32.7% |
| Distributable reserves | 133 | €140,316 | €94,497 | -€45,819 | -32.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,658 | €64,235 | +€11,577 | +22.0% |
| Amounts payable after more than one year | 17 | €13,224 | €0 | -€13,224 | -100% |
| Financial debts | 170/4 | €13,224 | €0 | -€13,224 | -100% |
| Amounts payable within one year | 42/48 | €38,287 | €62,540 | +€24,253 | +63.3% |
| Current portion of amounts payable after more than one year | 42 | €6,399 | €0 | -€6,399 | -100% |
| Trade debts | 44 | €15,566 | €26,072 | +€10,506 | +67.5% |
| Suppliers | 440/4 | €15,566 | €26,072 | +€10,506 | +67.5% |
| Advances received on contracts in progress | 46 | - | €2,543 | +€2,543 | |
| Taxes, remuneration and social security | 45 | €0 | €2,385 | +€2,385 | |
| Taxes | 450/3 | €0 | €2,385 | +€2,385 | |
| Other amounts payable | 47/48 | €16,323 | €31,541 | +€15,218 | +93.2% |
| Accrued charges and deferred income | 492/3 | €1,147 | €1,694 | +€547 | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,825 | €5,955 | +€130 | +2.2% |
| Other operating charges | 640/8 | €2,827 | €1,778 | -€1,049 | -37.1% |
| Gross operating margin | 9900 | €73,757 | €14,411 | -€59,346 | -80.5% |
| Operating profit (loss) | 9901 | €65,105 | €6,678 | -€58,427 | -89.7% |
| Financial income | 75/76B | €1,072 | €1,936 | +€864 | +80.6% |
| Recurring financial income | 75 | €1,072 | €1,936 | +€864 | +80.6% |
| Financial charges | 65/66B | €5,974 | €5,551 | -€423 | -7.1% |
| Recurring financial charges | 65 | €5,974 | €5,551 | -€423 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €60,203 | €3,063 | -€57,140 | -94.9% |
| Income taxes | 67/77 | €13,706 | €2,385 | -€11,321 | -82.6% |
| Profit (loss) for the period | 9904 | €46,497 | €679 | -€45,819 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,497 | €679 | -€45,819 | -98.5% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.