2 HB ANS: 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.
2 HB ANS
Largest movements
- Receivables within one year +€115,198
up €115,198 (+644%), from €17,881 to €133,078
of which Trade receivables: +€110,123
- Stocks and contracts -€54,404
down €54,404 (-6.0%), from €911,782 to €857,377
- Cash +€11,541
up €11,541 (+11.6%), from €99,477 to €111,018
mainly Stocks and contracts (+€54,404) and Net result for the year (+€32,214)
- Tangible fixed assets -€11,403
down €11,403 (-27.2%), from €41,995 to €30,592
of which Plant, machinery and equipment: -€11,205
- Profit (loss) carried forward +€32,214
up €32,214 (+127%), from €25,320 to €57,534
- Current portion of long-term debt +€29,529
up €29,529 (+229%), from €12,905 to €42,434
- Gross operating margin +€53,123
up €53,123 (+13.8%), from €385,882 to €439,005
- Depreciation -€17,135
down €17,135 (-50.2%), from €34,144 to €17,009
- Staff costs -€7,815
down €7,815 (-2.0%), from €388,105 to €380,290
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 | €1,084,941 | €1,136,644 | +€51,703 | +4.8% |
| Fixed assets | 21/28 | €43,032 | €31,629 | -€11,403 | -26.5% |
| Tangible fixed assets | 22/27 | €41,995 | €30,592 | -€11,403 | -27.2% |
| Plant, machinery and equipment | 23 | €41,797 | €30,592 | -€11,205 | -26.8% |
| Furniture and vehicles | 24 | €198 | €0 | -€198 | -100% |
| Financial fixed assets | 28 | €1,037 | €1,037 | = | 0.0% |
| Current assets | 29/58 | €1,041,909 | €1,105,015 | +€63,106 | +6.1% |
| Stocks and contracts in progress | 3 | €911,782 | €857,377 | -€54,404 | -6.0% |
| Stocks | 30/36 | €911,782 | €857,377 | -€54,404 | -6.0% |
| Amounts receivable within one year | 40/41 | €17,881 | €133,078 | +€115,198 | +644% |
| Trade receivables | 40 | €12,215 | €122,339 | +€110,123 | +902% |
| Other amounts receivable | 41 | €5,665 | €10,740 | +€5,074 | +89.6% |
| Cash at bank and in hand | 54/58 | €99,477 | €111,018 | +€11,541 | +11.6% |
| Deferred charges and accrued income | 490/1 | €12,770 | €3,542 | -€9,229 | -72.3% |
| Total equity and liabilities | 10/49 | €1,084,941 | €1,136,644 | +€51,703 | +4.8% |
| Equity | 10/15 | €388,274 | €420,488 | +€32,214 | +8.3% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €2,954 | €2,954 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,954 | €2,954 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,954 | €2,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,320 | €57,534 | +€32,214 | +127% |
| Amounts payable | 17/49 | €696,667 | €716,156 | +€19,489 | +2.8% |
| Amounts payable after more than one year | 17 | €161,421 | €151,913 | -€9,508 | -5.9% |
| Financial debts | 170/4 | €15,835 | €2,687 | -€13,148 | -83.0% |
| Other amounts payable | 178/9 | €145,586 | €149,226 | +€3,640 | +2.5% |
| Amounts payable within one year | 42/48 | €535,247 | €558,693 | +€23,446 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €12,905 | €42,434 | +€29,529 | +229% |
| Trade debts | 44 | €468,044 | €468,493 | +€449 | +0.1% |
| Suppliers | 440/4 | €468,044 | €468,493 | +€449 | +0.1% |
| Taxes, remuneration and social security | 45 | €51,536 | €45,005 | -€6,531 | -12.7% |
| Taxes | 450/3 | €3,432 | €8 | -€3,424 | -99.8% |
| Remuneration and social security | 454/9 | €48,104 | €44,997 | -€3,107 | -6.5% |
| Other amounts payable | 47/48 | €2,761 | €2,761 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €5,550 | +€5,550 | |
| Non-recurring operating income | 76A | €3,767 | - | -€3,767 | |
| Remuneration, social security and pensions | 62 | €388,105 | €380,290 | -€7,815 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,144 | €17,009 | -€17,135 | -50.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,119 | -€6,045 | +€1,074 | +15.1% |
| Other operating charges | 640/8 | €7,139 | €7,747 | +€608 | +8.5% |
| Gross operating margin | 9900 | €385,882 | €439,005 | +€53,123 | +13.8% |
| Operating profit (loss) | 9901 | -€36,387 | €40,003 | +€76,390 | |
| Financial income | 75/76B | €116 | €92 | -€25 | -21.0% |
| Recurring financial income | 75 | €116 | €92 | -€25 | -21.0% |
| Financial charges | 65/66B | €4,963 | €7,885 | +€2,922 | +58.9% |
| Recurring financial charges | 65 | €4,963 | €7,885 | +€2,922 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | -€41,233 | €32,211 | +€73,444 | |
| Income taxes | 67/77 | €17 | -€4 | -€21 | |
| Profit (loss) for the period | 9904 | -€41,251 | €32,214 | +€73,465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,251 | €32,214 | +€73,465 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.