2H Center: 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.
2H Center
Largest movements
- Tangible fixed assets -€70,256
down €70,256 (-18.9%), from €372,136 to €301,879
of which Leasing and similar rights: -€45,213
- Deferred charges and accrued income -€36,593
down €36,593 (-78.5%), from €46,593 to €10,000
- Receivables within one year -€29,565
down €29,565 (-45.3%), from €65,243 to €35,679
of which Trade receivables: -€26,160
- Intangible fixed assets +€22,569
up €22,569 (+4.3%), from €522,278 to €544,847
- Profit (loss) carried forward -€240,197
down €240,197 (-313%), from -€76,688 to -€316,885
- Debts after one year +€93,963
up €93,963 (+12.3%), from €766,799 to €860,762
- Trade debts +€19,067
up €19,067 (+10.8%), from €176,469 to €195,536
- Gross operating margin -€173,933
down €173,933 (-89.9%), from €193,492 to €19,558
- Depreciation +€23,563
up €23,563 (+20.5%), from €115,170 to €138,733
- Staff costs -€22,164
down €22,164 (-17.6%), from €125,705 to €103,540
- Financial charges -€4,986
down €4,986 (-22.9%), from €21,812 to €16,826
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 | €1,049,353 | €922,623 | -€126,730 | -12.1% |
| Formation expenses | 20 | €1,119 | €746 | -€373 | -33.3% |
| Fixed assets | 21/28 | €894,413 | €846,726 | -€47,687 | -5.3% |
| Intangible fixed assets | 21 | €522,278 | €544,847 | +€22,569 | +4.3% |
| Tangible fixed assets | 22/27 | €372,136 | €301,879 | -€70,256 | -18.9% |
| Plant, machinery and equipment | 23 | €10,011 | €12,239 | +€2,228 | +22.3% |
| Furniture and vehicles | 24 | €1,080 | €720 | -€360 | -33.3% |
| Leasing and similar rights | 25 | €144,021 | €98,807 | -€45,213 | -31.4% |
| Other tangible fixed assets | 26 | €217,024 | €190,113 | -€26,911 | -12.4% |
| Current assets | 29/58 | €153,821 | €75,151 | -€78,671 | -51.1% |
| Stocks and contracts in progress | 3 | €5,482 | €2,741 | -€2,741 | -50.0% |
| Stocks | 30/36 | €5,482 | €2,741 | -€2,741 | -50.0% |
| Amounts receivable within one year | 40/41 | €65,243 | €35,679 | -€29,565 | -45.3% |
| Trade receivables | 40 | €58,099 | €31,940 | -€26,160 | -45.0% |
| Other amounts receivable | 41 | €7,144 | €3,739 | -€3,405 | -47.7% |
| Cash at bank and in hand | 54/58 | €36,503 | €26,731 | -€9,772 | -26.8% |
| Deferred charges and accrued income | 490/1 | €46,593 | €10,000 | -€36,593 | -78.5% |
| Total equity and liabilities | 10/49 | €1,049,353 | €922,623 | -€126,730 | -12.1% |
| Equity | 10/15 | €23,312 | -€216,885 | -€240,197 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,688 | -€316,885 | -€240,197 | -313% |
| Amounts payable | 17/49 | €1,026,041 | €1,139,508 | +€113,467 | +11.1% |
| Amounts payable after more than one year | 17 | €766,799 | €860,762 | +€93,963 | +12.3% |
| Financial debts | 170/4 | €766,799 | €860,762 | +€93,963 | +12.3% |
| Amounts payable within one year | 42/48 | €259,242 | €278,746 | +€19,504 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €56,705 | €57,588 | +€883 | +1.6% |
| Trade debts | 44 | €176,469 | €195,536 | +€19,067 | +10.8% |
| Suppliers | 440/4 | €176,469 | €195,536 | +€19,067 | +10.8% |
| Taxes, remuneration and social security | 45 | €22,519 | €21,852 | -€667 | -3.0% |
| Taxes | 450/3 | €1,128 | - | -€1,128 | |
| Remuneration and social security | 454/9 | €21,391 | €21,852 | +€461 | +2.2% |
| Other amounts payable | 47/48 | €3,549 | €3,770 | +€221 | +6.2% |
| Remuneration, social security and pensions | 62 | €125,705 | €103,540 | -€22,164 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,170 | €138,733 | +€23,563 | +20.5% |
| Other operating charges | 640/8 | €321 | €998 | +€677 | +211% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | €193,492 | €19,558 | -€173,933 | -89.9% |
| Operating profit (loss) | 9901 | -€47,704 | -€223,863 | -€176,159 | -369% |
| Financial income | 75/76B | €30 | €492 | +€461 | +1,517% |
| Recurring financial income | 75 | €30 | €492 | +€461 | +1,517% |
| Financial charges | 65/66B | €21,812 | €16,826 | -€4,986 | -22.9% |
| Recurring financial charges | 65 | €21,812 | €16,826 | -€4,986 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€69,486 | -€240,197 | -€170,711 | -246% |
| Profit (loss) for the period | 9904 | -€69,486 | -€240,197 | -€170,711 | -246% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,486 | -€240,197 | -€170,711 | -246% |
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 27 October 2026 via checked.be.