RHV: 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.
RHV
Largest movements
- Cash +€33,325
up €33,325 (+41.3%), from €80,598 to €113,923
mainly Net result for the year (+€55,805) and Other debts (+€55,043)
- Deferred charges and accrued income +€17,798
up €17,798 (+136%), from €13,071 to €30,869
- Reserves -€59,000
down €59,000 (-99.5%), from €59,294 to €294
- Profit (loss) carried forward +€55,805
new in 2025: €55,805
- Other debts +€55,043
up €55,043 (+540%), from €10,191 to €65,234
- Gross operating margin -€8,493
down €8,493 (-10.4%), from €81,368 to €72,875
- Depreciation -€4,458
no longer reported in 2025 (was €4,458)
- Taxes -€1,322
down €1,322 (-8.3%), from €15,923 to €14,600
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 | €94,246 | €145,191 | +€50,945 | +54.1% |
| Current assets | 29/58 | €94,246 | €145,191 | +€50,945 | +54.1% |
| Amounts receivable within one year | 40/41 | €577 | €400 | -€178 | -30.7% |
| Other amounts receivable | 41 | €577 | €400 | -€178 | -30.7% |
| Cash at bank and in hand | 54/58 | €80,598 | €113,923 | +€33,325 | +41.3% |
| Deferred charges and accrued income | 490/1 | €13,071 | €30,869 | +€17,798 | +136% |
| Total equity and liabilities | 10/49 | €94,246 | €145,191 | +€50,945 | +54.1% |
| Equity | 10/15 | €77,894 | €74,699 | -€3,195 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,294 | €294 | -€59,000 | -99.5% |
| Distributable reserves | 133 | €59,294 | €294 | -€59,000 | -99.5% |
| Profit (loss) carried forward | 14 | - | €55,805 | +€55,805 | |
| Amounts payable | 17/49 | €16,352 | €70,492 | +€54,140 | +331% |
| Amounts payable within one year | 42/48 | €15,373 | €69,286 | +€53,913 | +351% |
| Trade debts | 44 | €2,582 | €1,452 | -€1,130 | -43.8% |
| Suppliers | 440/4 | €2,582 | €1,452 | -€1,130 | -43.8% |
| Taxes, remuneration and social security | 45 | €2,600 | €2,600 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €10,191 | €65,234 | +€55,043 | +540% |
| Accrued charges and deferred income | 492/3 | €979 | €1,206 | +€228 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,458 | - | -€4,458 | |
| Other operating charges | 640/8 | €1,273 | €1,328 | +€55 | +4.3% |
| Gross operating margin | 9900 | €81,368 | €72,875 | -€8,493 | -10.4% |
| Operating profit (loss) | 9901 | €75,637 | €71,547 | -€4,090 | -5.4% |
| Financial charges | 65/66B | €951 | €1,142 | +€191 | +20.1% |
| Recurring financial charges | 65 | €951 | €1,142 | +€191 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €74,686 | €70,405 | -€4,281 | -5.7% |
| Income taxes | 67/77 | €15,923 | €14,600 | -€1,322 | -8.3% |
| Profit (loss) for the period | 9904 | €58,763 | €55,805 | -€2,958 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,763 | €55,805 | -€2,958 | -5.0% |
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 30 October 2026 via checked.be.