RHUMATH: 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.
RHUMATH
Largest movements
- Cash +€180,734
up €180,734 (+15.5%), from €1.2m to €1.3m
mainly Net result for the year (+€178,825) and Receivables after one year (+€42,999)
- Receivables after one year -€42,999
no longer reported in 2025 (was €42,999)
- Reserves +€178,825
up €178,825 (+23.1%), from €774,461 to €953,285
of which Distributable reserves: +€178,825
- Other debts -€55,047
down €55,047 (-37.9%), from €145,350 to €90,303
- Gross operating margin +€43,938
up €43,938 (+22.0%), from €199,418 to €243,356
- Financial income +€34,962
up €34,962 (+9,176%), from €381 to €35,343
- Taxes +€24,114
up €24,114 (+39.2%), from €61,511 to €85,625
- Financial charges +€3,087
up €3,087 (+278%), from €1,112 to €4,199
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 | €1,266,720 | €1,384,985 | +€118,265 | +9.3% |
| Fixed assets | 21/28 | €43,739 | €34,200 | -€9,539 | -21.8% |
| Tangible fixed assets | 22/27 | €14,906 | €5,367 | -€9,539 | -64.0% |
| Furniture and vehicles | 24 | €8,457 | €711 | -€7,746 | -91.6% |
| Other tangible fixed assets | 26 | €6,449 | €4,656 | -€1,793 | -27.8% |
| Financial fixed assets | 28 | €28,833 | €28,833 | = | 0.0% |
| Current assets | 29/58 | €1,222,982 | €1,350,786 | +€127,804 | +10.5% |
| Amounts receivable after more than one year | 29 | €42,999 | - | -€42,999 | |
| Other amounts receivable | 291 | €42,999 | - | -€42,999 | |
| Amounts receivable within one year | 40/41 | €12,916 | €2,539 | -€10,377 | -80.3% |
| Trade receivables | 40 | €3,833 | - | -€3,833 | |
| Other amounts receivable | 41 | €9,083 | €2,539 | -€6,544 | -72.0% |
| Cash at bank and in hand | 54/58 | €1,167,067 | €1,347,802 | +€180,734 | +15.5% |
| Deferred charges and accrued income | 490/1 | - | €445 | +€445 | |
| Total equity and liabilities | 10/49 | €1,266,720 | €1,384,985 | +€118,265 | +9.3% |
| Equity | 10/15 | €1,094,709 | €1,273,533 | +€178,825 | +16.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €774,461 | €953,285 | +€178,825 | +23.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,073 | €5,073 | = | 0.0% |
| Distributable reserves | 133 | €767,528 | €946,352 | +€178,825 | +23.3% |
| Profit (loss) carried forward | 14 | €307,848 | €307,848 | = | 0.0% |
| Amounts payable | 17/49 | €172,012 | €111,452 | -€60,560 | -35.2% |
| Amounts payable within one year | 42/48 | €172,012 | €111,452 | -€60,560 | -35.2% |
| Trade debts | 44 | €2,500 | €2,316 | -€184 | -7.4% |
| Suppliers | 440/4 | €2,500 | €2,316 | -€184 | -7.4% |
| Taxes, remuneration and social security | 45 | €24,161 | €18,833 | -€5,329 | -22.1% |
| Taxes | 450/3 | €24,161 | €18,833 | -€5,329 | -22.1% |
| Other amounts payable | 47/48 | €145,350 | €90,303 | -€55,047 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,759 | €9,539 | -€220 | -2.3% |
| Other operating charges | 640/8 | €486 | €511 | +€25 | +5.2% |
| Gross operating margin | 9900 | €199,418 | €243,356 | +€43,938 | +22.0% |
| Operating profit (loss) | 9901 | €189,173 | €233,306 | +€44,133 | +23.3% |
| Financial income | 75/76B | €381 | €35,343 | +€34,962 | +9,176% |
| Recurring financial income | 75 | €381 | €35,343 | +€34,962 | +9,176% |
| Financial charges | 65/66B | €1,112 | €4,199 | +€3,087 | +278% |
| Recurring financial charges | 65 | €1,112 | €4,199 | +€3,087 | +278% |
| Profit (loss) for the period before taxes | 9903 | €188,442 | €264,450 | +€76,008 | +40.3% |
| Income taxes | 67/77 | €61,511 | €85,625 | +€24,114 | +39.2% |
| Profit (loss) for the period | 9904 | €126,930 | €178,825 | +€51,894 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €126,930 | €178,825 | +€51,894 | +40.9% |
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 16 October 2026 via checked.be.