RH Construct: what changed
RH Construct
Largest movements
- Tangible fixed assets -€19,461
down €19,461 (-39.1%), from €49,803 to €30,342
of which Leasing and similar rights: -€24,884
- Receivables within one year -€10,252
down €10,252 (-6.4%), from €159,621 to €149,370
of which Other amounts receivable: -€61,564
- Current investments +€5,659
new in 2025: €5,659
- Profit (loss) carried forward -€100,901
down €100,901 (-79.8%), from €126,422 to €25,521
- Trade debts +€60,603
up €60,603 (+184%), from €32,931 to €93,534
- Short-term financial debts +€22,575
new in 2025: €22,575
- Tax, wage and social debts +€12,922
up €12,922 (+76.3%), from €16,929 to €29,851
of which Taxes: +€19,422
- Other debts -€12,246
no longer reported in 2025 (was €12,246)
- Taxes +€80,789
up €80,789 (+3,482%), from €2,320 to €83,109
- Other operating charges +€12,960
up €12,960 (+286%), from €4,525 to €17,485
- Gross operating margin -€6,636
down €6,636 (-21.4%), from €31,063 to €24,427
- Depreciation +€3,282
up €3,282 (+18.0%), from €18,267 to €21,549
- Financial income +€3,145
new in 2025: €3,145
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 | €236,116 | €210,592 | -€25,524 | -10.8% |
| Fixed assets | 21/28 | €51,203 | €31,742 | -€19,461 | -38.0% |
| Tangible fixed assets | 22/27 | €49,803 | €30,342 | -€19,461 | -39.1% |
| Furniture and vehicles | 24 | €24,919 | €30,342 | +€5,423 | +21.8% |
| Leasing and similar rights | 25 | €24,884 | - | -€24,884 | |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €184,912 | €178,850 | -€6,063 | -3.3% |
| Amounts receivable within one year | 40/41 | €159,621 | €149,370 | -€10,252 | -6.4% |
| Trade receivables | 40 | €39,892 | €91,204 | +€51,312 | +129% |
| Other amounts receivable | 41 | €119,729 | €58,166 | -€61,564 | -51.4% |
| Current investments | 50/53 | - | €5,659 | +€5,659 | |
| Cash at bank and in hand | 54/58 | €22,881 | €22,379 | -€502 | -2.2% |
| Deferred charges and accrued income | 490/1 | €2,410 | €1,442 | -€968 | -40.2% |
| Total equity and liabilities | 10/49 | €236,116 | €210,592 | -€25,524 | -10.8% |
| Equity | 10/15 | €137,422 | €36,521 | -€100,901 | -73.4% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,422 | €25,521 | -€100,901 | -79.8% |
| Amounts payable | 17/49 | €98,694 | €174,071 | +€75,377 | +76.4% |
| Amounts payable after more than one year | 17 | €19,561 | €13,793 | -€5,768 | -29.5% |
| Financial debts | 170/4 | €19,561 | €13,793 | -€5,768 | -29.5% |
| Amounts payable within one year | 42/48 | €79,133 | €160,278 | +€81,145 | +103% |
| Current portion of amounts payable after more than one year | 42 | €17,028 | €14,318 | -€2,709 | -15.9% |
| Financial debts | 43 | - | €22,575 | +€22,575 | |
| Credit institutions | 430/8 | - | €22,575 | +€22,575 | |
| Trade debts | 44 | €32,931 | €93,534 | +€60,603 | +184% |
| Suppliers | 440/4 | €32,931 | €93,534 | +€60,603 | +184% |
| Taxes, remuneration and social security | 45 | €16,929 | €29,851 | +€12,922 | +76.3% |
| Taxes | 450/3 | €2,429 | €21,851 | +€19,422 | +800% |
| Remuneration and social security | 454/9 | €14,500 | €8,000 | -€6,500 | -44.8% |
| Other amounts payable | 47/48 | €12,246 | - | -€12,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,267 | €21,549 | +€3,282 | +18.0% |
| Other operating charges | 640/8 | €4,525 | €17,485 | +€12,960 | +286% |
| Gross operating margin | 9900 | €31,063 | €24,427 | -€6,636 | -21.4% |
| Operating profit (loss) | 9901 | €8,272 | -€14,607 | -€22,879 | |
| Financial income | 75/76B | - | €3,145 | +€3,145 | |
| Recurring financial income | 75 | - | €3,145 | +€3,145 | |
| Financial charges | 65/66B | €4,690 | €6,330 | +€1,640 | +35.0% |
| Recurring financial charges | 65 | €4,690 | €6,330 | +€1,640 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €3,582 | -€17,792 | -€21,374 | |
| Income taxes | 67/77 | €2,320 | €83,109 | +€80,789 | +3,482% |
| Profit (loss) for the period | 9904 | €1,262 | -€100,901 | -€102,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,262 | -€100,901 | -€102,163 |
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 4 November 2026 via checked.be.