RHXP: 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.
RHXP
Largest movements
- Intangible fixed assets -€26,000
down €26,000 (-12.9%), from €201,500 to €175,500
- Cash -€5,973
down €5,973 (-73.7%), from €8,109 to €2,135
mainly Debts after one year (-€19,686) and Other debts (-€18,741)
- Receivables within one year +€3,221
up €3,221 (+69.4%), from €4,640 to €7,861
of which Trade receivables: +€2,658
- Debts after one year -€19,686
down €19,686 (-28.5%), from €68,977 to €49,290
- Other debts -€18,741
down €18,741 (-35.8%), from €52,387 to €33,646
- Profit (loss) carried forward +€17,630
up €17,630 (+30.0%), from €58,737 to €76,367
- Tax, wage and social debts -€10,787
down €10,787 (-70.8%), from €15,225 to €4,438
of which Taxes: -€10,787
- Gross operating margin +€3,589
up €3,589 (+6.5%), from €55,546 to €59,135
- Other operating charges -€2,754
down €2,754 (-87.3%), from €3,153 to €400
- Taxes +€1,275
up €1,275 (+20.7%), from €6,162 to €7,437
- Financial charges +€693
up €693 (+12.0%), from €5,771 to €6,464
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 | €216,879 | €188,182 | -€28,697 | -13.2% |
| Formation expenses | 20 | €2,131 | €1,420 | -€710 | -33.3% |
| Fixed assets | 21/28 | €202,000 | €175,500 | -€26,500 | -13.1% |
| Intangible fixed assets | 21 | €201,500 | €175,500 | -€26,000 | -12.9% |
| Tangible fixed assets | 22/27 | €500 | - | -€500 | |
| Furniture and vehicles | 24 | €500 | - | -€500 | |
| Current assets | 29/58 | €12,749 | €11,262 | -€1,487 | -11.7% |
| Amounts receivable within one year | 40/41 | €4,640 | €7,861 | +€3,221 | +69.4% |
| Trade receivables | 40 | €3,803 | €6,460 | +€2,658 | +69.9% |
| Other amounts receivable | 41 | €838 | €1,401 | +€563 | +67.2% |
| Cash at bank and in hand | 54/58 | €8,109 | €2,135 | -€5,973 | -73.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,266 | +€1,266 | |
| Total equity and liabilities | 10/49 | €216,879 | €188,182 | -€28,697 | -13.2% |
| Equity | 10/15 | €61,237 | €78,867 | +€17,630 | +28.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,737 | €76,367 | +€17,630 | +30.0% |
| Amounts payable | 17/49 | €155,642 | €109,315 | -€46,327 | -29.8% |
| Amounts payable after more than one year | 17 | €68,977 | €49,290 | -€19,686 | -28.5% |
| Financial debts | 170/4 | €68,977 | €49,290 | -€19,686 | -28.5% |
| Amounts payable within one year | 42/48 | €86,666 | €60,025 | -€26,641 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €18,875 | €19,686 | +€812 | +4.3% |
| Trade debts | 44 | €179 | €2,255 | +€2,076 | +1,161% |
| Suppliers | 440/4 | €179 | €2,255 | +€2,076 | +1,161% |
| Taxes, remuneration and social security | 45 | €15,225 | €4,438 | -€10,787 | -70.8% |
| Taxes | 450/3 | €15,225 | €4,438 | -€10,787 | -70.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €52,387 | €33,646 | -€18,741 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,377 | €27,210 | -€167 | -0.6% |
| Other operating charges | 640/8 | €3,153 | €400 | -€2,754 | -87.3% |
| Gross operating margin | 9900 | €55,546 | €59,135 | +€3,589 | +6.5% |
| Operating profit (loss) | 9901 | €25,015 | €31,525 | +€6,509 | +26.0% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €5,771 | €6,464 | +€693 | +12.0% |
| Recurring financial charges | 65 | €5,771 | €6,464 | +€693 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €19,244 | €25,067 | +€5,823 | +30.3% |
| Income taxes | 67/77 | €6,162 | €7,437 | +€1,275 | +20.7% |
| Profit (loss) for the period | 9904 | €13,082 | €17,630 | +€4,548 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,082 | €17,630 | +€4,548 | +34.8% |
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 13 October 2026 via checked.be.