RVH Consulting: what changed
RVH Consulting
Largest movements
- Receivables within one year -€218,468
down €218,468 (-96.6%), from €226,222 to €7,754
of which Trade receivables: -€213,056
- Cash -€73,786
down €73,786 (-67.1%), from €109,928 to €36,143
mainly Other debts (-€119,726) and Tax, wage and social debts (-€111,184)
- Current investments -€50,000
down €50,000 (-16.7%), from €300,000 to €250,000
- Tangible fixed assets -€11,650
down €11,650 (-21.3%), from €54,748 to €43,099
of which Furniture and vehicles: -€10,071
- Profit (loss) carried forward -€382,627
down €382,627 (-100%), from €382,627 to €0
- Reserves +€352,223
new in 2025: €352,223
- Other debts -€119,726
down €119,726 (-36.6%), from €326,943 to €207,218
- Tax, wage and social debts -€111,184
down €111,184 (-71.0%), from €156,632 to €45,448
- Trade debts -€78,352
down €78,352 (-98.2%), from €79,762 to €1,410
- Gross operating margin +€87,693
up €87,693, from -€78,493 to €9,200
- Financial charges +€26,198
up €26,198 (+4,498%), from €582 to €26,780
of which Non-recurring financial charges: +€25,103
- Depreciation +€8,894
up €8,894 (+323%), from €2,756 to €11,650
- Financial income +€3,819
up €3,819 (+52,094%), from €7 to €3,826
- Other operating charges +€1,532
up €1,532 (+53.0%), from €2,890 to €4,422
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €990,899 | €636,995 | -€353,904 | -35.7% |
| Fixed assets | 21/28 | €54,748 | €43,099 | -€11,650 | -21.3% |
| Tangible fixed assets | 22/27 | €54,748 | €43,099 | -€11,650 | -21.3% |
| Furniture and vehicles | 24 | €47,075 | €37,004 | -€10,071 | -21.4% |
| Other tangible fixed assets | 26 | €7,674 | €6,095 | -€1,579 | -20.6% |
| Current assets | 29/58 | €936,151 | €593,897 | -€342,254 | -36.6% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €226,222 | €7,754 | -€218,468 | -96.6% |
| Trade receivables | 40 | €220,285 | €7,229 | -€213,056 | -96.7% |
| Other amounts receivable | 41 | €5,937 | €525 | -€5,412 | -91.2% |
| Current investments | 50/53 | €300,000 | €250,000 | -€50,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €109,928 | €36,143 | -€73,786 | -67.1% |
| Total equity and liabilities | 10/49 | €990,899 | €636,995 | -€353,904 | -35.7% |
| Equity | 10/15 | €385,627 | €355,223 | -€30,404 | -7.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €352,223 | +€352,223 | |
| Distributable reserves | 133 | - | €352,223 | +€352,223 | |
| Profit (loss) carried forward | 14 | €382,627 | €0 | -€382,627 | -100% |
| Amounts payable | 17/49 | €605,271 | €281,772 | -€323,499 | -53.4% |
| Amounts payable after more than one year | 17 | €27,696 | €12,852 | -€14,844 | -53.6% |
| Financial debts | 170/4 | €27,696 | €12,852 | -€14,844 | -53.6% |
| Amounts payable within one year | 42/48 | €577,575 | €268,920 | -€308,655 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €14,238 | €14,844 | +€606 | +4.3% |
| Trade debts | 44 | €79,762 | €1,410 | -€78,352 | -98.2% |
| Suppliers | 440/4 | €79,762 | €1,410 | -€78,352 | -98.2% |
| Taxes, remuneration and social security | 45 | €156,632 | €45,448 | -€111,184 | -71.0% |
| Taxes | 450/3 | €156,632 | €45,448 | -€111,184 | -71.0% |
| Other amounts payable | 47/48 | €326,943 | €207,218 | -€119,726 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,756 | €11,650 | +€8,894 | +323% |
| Other operating charges | 640/8 | €2,890 | €4,422 | +€1,532 | +53.0% |
| Gross operating margin | 9900 | -€78,493 | €9,200 | +€87,693 | |
| Operating profit (loss) | 9901 | -€84,139 | -€6,871 | +€77,268 | +91.8% |
| Financial income | 75/76B | €7 | €3,826 | +€3,819 | +52,094% |
| Recurring financial income | 75 | €7 | €3,826 | +€3,819 | +52,094% |
| Financial charges | 65/66B | €582 | €26,780 | +€26,198 | +4,498% |
| Recurring financial charges | 65 | €582 | €1,677 | +€1,094 | +188% |
| Non-recurring financial charges | 66B | - | €25,103 | +€25,103 | |
| Profit (loss) for the period before taxes | 9903 | -€84,714 | -€29,826 | +€54,888 | +64.8% |
| Income taxes | 67/77 | €65 | €579 | +€514 | +791% |
| Profit (loss) for the period | 9904 | -€84,779 | -€30,404 | +€54,375 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,779 | -€30,404 | +€54,375 | +64.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.