RHUMAC: 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.
RHUMAC
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Intangible fixed assets -€20,000
down €20,000 (-24.0%), from €83,333 to €63,333
- Cash +€6,096
up €6,096 (+9.9%), from €61,580 to €67,675
mainly Net result for the year (+€55,993) and Depreciation (+€21,933)
- Reserves +€55,164
up €55,164 (+72.8%), from €75,750 to €130,914
- Other debts +€6,293
up €6,293 (+6.1%), from €103,498 to €109,791
- Gross operating margin -€27,386
down €27,386 (-21.6%), from €126,938 to €99,552
- Taxes -€8,042
down €8,042 (-27.5%), from €29,199 to €21,157
- Depreciation +€1,334
up €1,334 (+6.5%), from €20,599 to €21,933
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 | €181,253 | €243,862 | +€62,609 | +34.5% |
| Fixed assets | 21/28 | €89,862 | €67,929 | -€21,933 | -24.4% |
| Intangible fixed assets | 21 | €83,333 | €63,333 | -€20,000 | -24.0% |
| Tangible fixed assets | 22/27 | €6,529 | €4,596 | -€1,933 | -29.6% |
| Furniture and vehicles | 24 | €6,529 | €4,596 | -€1,933 | -29.6% |
| Current assets | 29/58 | €91,391 | €175,933 | +€84,542 | +92.5% |
| Amounts receivable within one year | 40/41 | €7,801 | €7,801 | = | 0.0% |
| Other amounts receivable | 41 | €7,801 | €7,801 | = | 0.0% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €61,580 | €67,675 | +€6,096 | +9.9% |
| Deferred charges and accrued income | 490/1 | €22,010 | €20,456 | -€1,554 | -7.1% |
| Total equity and liabilities | 10/49 | €181,253 | €243,862 | +€62,609 | +34.5% |
| Equity | 10/15 | €77,755 | €132,914 | +€55,160 | +70.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €75,750 | €130,914 | +€55,164 | +72.8% |
| Distributable reserves | 133 | €75,750 | €130,914 | +€55,164 | +72.8% |
| Profit (loss) carried forward | 14 | €5 | - | -€5 | |
| Amounts payable | 17/49 | €103,498 | €110,948 | +€7,450 | +7.2% |
| Amounts payable within one year | 42/48 | €103,498 | €110,948 | +€7,450 | +7.2% |
| Taxes, remuneration and social security | 45 | - | €1,157 | +€1,157 | |
| Taxes | 450/3 | - | €1,157 | +€1,157 | |
| Other amounts payable | 47/48 | €103,498 | €109,791 | +€6,293 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,599 | €21,933 | +€1,334 | +6.5% |
| Other operating charges | 640/8 | €525 | €400 | -€126 | -23.9% |
| Gross operating margin | 9900 | €126,938 | €99,552 | -€27,386 | -21.6% |
| Operating profit (loss) | 9901 | €105,814 | €77,219 | -€28,595 | -27.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1 | €70 | +€68 | +5,468% |
| Recurring financial charges | 65 | €1 | €70 | +€68 | +5,468% |
| Profit (loss) for the period before taxes | 9903 | €105,812 | €77,150 | -€28,663 | -27.1% |
| Income taxes | 67/77 | €29,199 | €21,157 | -€8,042 | -27.5% |
| Profit (loss) for the period | 9904 | €76,614 | €55,993 | -€20,621 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,614 | €55,993 | -€20,621 | -26.9% |
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 18 October 2026 via checked.be.