RIHON: what changed
Two fiscal 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.
RIHON
Largest movements
- Cash -€263,725
down €263,725 (-84.4%), from €312,330 to €48,605
mainly Current investments (-€250,588) and Investment in fixed assets (net) (-€45,308)
- Current investments +€250,588
new in 2024: €250,588
- Receivables within one year +€19,907
up €19,907 (+47.5%), from €41,920 to €61,827
of which Trade receivables: +€12,210
- Tangible fixed assets +€9,480
up €9,480 (+18.8%), from €50,472 to €59,952
of which Other tangible fixed assets: +€14,997
- Receivables after one year -€5,757
down €5,757 (-14.5%), from €39,783 to €34,026
- Current portion of long-term debt +€35,893
up €35,893 (+1083.4%), from €3,313 to €39,206
- Trade debts -€27,584
down €27,584 (-15.9%), from €173,565 to €145,981
- Advances received +€13,461
up €13,461 (+312.5%), from €4,308 to €17,768
- Gross operating margin +€10,219
up €10,219 (+4.7%), from €216,793 to €227,013
- Depreciation +€3,663
up €3,663 (+11.4%), from €32,165 to €35,828
- Staff costs -€3,001
down €3,001 (-1.7%), from €178,473 to €175,472
- Taxes +€2,818
up €2,818 (+210.0%), from €1,342 to €4,161
- Financial income +€2,490
up €2,490 (+298.8%), from €833 to €3,323
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €492,135 | €507,677 | +€15,543 | +3.2% |
| Fixed assets | 21/28 | €50,472 | €59,952 | +€9,480 | +18.8% |
| Tangible fixed assets | 22/27 | €50,472 | €59,952 | +€9,480 | +18.8% |
| Plant, machinery and equipment | 23 | €9,550 | €11,667 | +€2,117 | +22.2% |
| Furniture and vehicles | 24 | €8,659 | €1,025 | -€7,634 | -88.2% |
| Other tangible fixed assets | 26 | €32,263 | €47,260 | +€14,997 | +46.5% |
| Current assets | 29/58 | €441,663 | €447,725 | +€6,063 | +1.4% |
| Amounts receivable after more than one year | 29 | €39,783 | €34,026 | -€5,757 | -14.5% |
| Other amounts receivable | 291 | €39,783 | €34,026 | -€5,757 | -14.5% |
| Stocks and contracts in progress | 3 | €46,335 | €50,305 | +€3,971 | +8.6% |
| Stocks | 30/36 | €46,335 | €50,305 | +€3,971 | +8.6% |
| Amounts receivable within one year | 40/41 | €41,920 | €61,827 | +€19,907 | +47.5% |
| Trade receivables | 40 | €12,113 | €24,323 | +€12,210 | +100.8% |
| Other amounts receivable | 41 | €29,807 | €37,504 | +€7,697 | +25.8% |
| Current investments | 50/53 | - | €250,588 | +€250,588 | |
| Cash at bank and in hand | 54/58 | €312,330 | €48,605 | -€263,725 | -84.4% |
| Deferred charges and accrued income | 490/1 | €1,295 | €2,374 | +€1,079 | +83.3% |
| Total equity and liabilities | 10/49 | €492,135 | €507,677 | +€15,543 | +3.2% |
| Equity | 10/15 | €121,726 | €119,185 | -€2,541 | -2.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €84,422 | €84,010 | -€412 | -0.5% |
| Tax-exempt reserves | 132 | €412 | - | -€412 | |
| Distributable reserves | 133 | €84,010 | €84,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,804 | €22,675 | -€2,128 | -8.6% |
| Provisions and deferred taxes | 16 | €168,785 | €168,624 | -€160 | -0.1% |
| Provisions for liabilities and charges | 160/5 | €168,624 | €168,624 | = | 0.0% |
| Pensions and similar obligations | 160 | €168,624 | €168,624 | = | 0.0% |
| Deferred taxes | 168 | €160 | - | -€160 | |
| Amounts payable | 17/49 | €201,624 | €219,868 | +€18,244 | +9.0% |
| Amounts payable after more than one year | 17 | €607 | - | -€607 | |
| Financial debts | 170/4 | €607 | - | -€607 | |
| Amounts payable within one year | 42/48 | €201,017 | €219,633 | +€18,616 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €3,313 | €39,206 | +€35,893 | +1083.4% |
| Trade debts | 44 | €173,565 | €145,981 | -€27,584 | -15.9% |
| Suppliers | 440/4 | €173,565 | €145,981 | -€27,584 | -15.9% |
| Advances received on contracts in progress | 46 | €4,308 | €17,768 | +€13,461 | +312.5% |
| Taxes, remuneration and social security | 45 | €19,691 | €16,537 | -€3,154 | -16.0% |
| Taxes | 450/3 | €11,504 | €11,192 | -€312 | -2.7% |
| Remuneration and social security | 454/9 | €8,186 | €5,345 | -€2,842 | -34.7% |
| Other amounts payable | 47/48 | €141 | €141 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €235 | +€235 | |
| Remuneration, social security and pensions | 62 | €178,473 | €175,472 | -€3,001 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,165 | €35,828 | +€3,663 | +11.4% |
| Other operating charges | 640/8 | €6,033 | €5,465 | -€568 | -9.4% |
| Gross operating margin | 9900 | €216,793 | €227,013 | +€10,219 | +4.7% |
| Operating profit (loss) | 9901 | €123 | €10,248 | +€10,125 | +8219.5% |
| Financial income | 75/76B | €833 | €3,323 | +€2,490 | +298.8% |
| Recurring financial income | 75 | €833 | €3,323 | +€2,490 | +298.8% |
| Financial charges | 65/66B | €11,525 | €12,112 | +€587 | +5.1% |
| Recurring financial charges | 65 | €11,525 | €12,112 | +€587 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,569 | €1,460 | +€12,028 | |
| Transfer from deferred taxes | 780 | €173 | €573 | +€400 | +231.6% |
| Income taxes | 67/77 | €1,342 | €4,161 | +€2,818 | +210.0% |
| Profit (loss) for the period | 9904 | -€11,738 | -€2,128 | +€9,610 | +81.9% |
| Transfer from tax-exempt reserves | 789 | €444 | - | -€444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,294 | -€2,128 | +€9,166 | +81.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.