432Hertz: 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.
432Hertz
Largest movements
- Cash -€286,846
down €286,846 (-83.8%), from €342,175 to €55,330
mainly Tax, wage and social debts (-€159,704) and Investment in fixed assets (net) (-€123,537)
- Tangible fixed assets +€118,545
new in 2025: €118,545
of which Land and buildings: +€110,970
- Tax, wage and social debts -€159,704
down €159,704 (-99.9%), from €159,827 to €123
- Reserves -€10,786
down €10,786 (-2.4%), from €455,869 to €445,083
- Gross operating margin +€26,370
up €26,370 (+85.4%), from -€30,882 to -€4,511
- Financial charges -€5,047
down €5,047 (-98.6%), from €5,121 to €74
- Depreciation +€4,992
new in 2025: €4,992
- Other operating charges +€1,208
new in 2025: €1,208
- Financial income -€839
no longer reported in 2025 (was €839)
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 | €671,816 | €500,042 | -€171,775 | -25.6% |
| Fixed assets | 21/28 | €3,000 | €121,545 | +€118,545 | +3,951% |
| Tangible fixed assets | 22/27 | - | €118,545 | +€118,545 | |
| Land and buildings | 22 | - | €110,970 | +€110,970 | |
| Plant, machinery and equipment | 23 | - | €7,575 | +€7,575 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €668,816 | €378,497 | -€290,319 | -43.4% |
| Amounts receivable within one year | 40/41 | €326,309 | €323,167 | -€3,142 | -1.0% |
| Trade receivables | 40 | €323,885 | €15 | -€323,870 | -100.0% |
| Other amounts receivable | 41 | €2,424 | €323,152 | +€320,728 | +13,229% |
| Cash at bank and in hand | 54/58 | €342,175 | €55,330 | -€286,846 | -83.8% |
| Deferred charges and accrued income | 490/1 | €332 | - | -€332 | |
| Total equity and liabilities | 10/49 | €671,816 | €500,042 | -€171,775 | -25.6% |
| Equity | 10/15 | €458,869 | €448,083 | -€10,786 | -2.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €455,869 | €445,083 | -€10,786 | -2.4% |
| Distributable reserves | 133 | €455,869 | €445,083 | -€10,786 | -2.4% |
| Amounts payable | 17/49 | €212,948 | €51,959 | -€160,989 | -75.6% |
| Amounts payable within one year | 42/48 | €212,948 | €51,959 | -€160,989 | -75.6% |
| Trade debts | 44 | €1,404 | - | -€1,404 | |
| Suppliers | 440/4 | €1,404 | - | -€1,404 | |
| Taxes, remuneration and social security | 45 | €159,827 | €123 | -€159,704 | -99.9% |
| Taxes | 450/3 | €159,827 | €123 | -€159,704 | -99.9% |
| Other amounts payable | 47/48 | €51,716 | €51,836 | +€119 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,992 | +€4,992 | |
| Other operating charges | 640/8 | - | €1,208 | +€1,208 | |
| Non-recurring operating charges | 66A | €2,644 | - | -€2,644 | |
| Gross operating margin | 9900 | -€30,882 | -€4,511 | +€26,370 | +85.4% |
| Operating profit (loss) | 9901 | -€33,526 | -€10,712 | +€22,814 | +68.0% |
| Financial income | 75/76B | €839 | - | -€839 | |
| Recurring financial income | 75 | €839 | - | -€839 | |
| Financial charges | 65/66B | €5,121 | €74 | -€5,047 | -98.6% |
| Recurring financial charges | 65 | €5,121 | €74 | -€5,047 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,808 | -€10,786 | +€27,022 | +71.5% |
| Income taxes | 67/77 | €123 | - | -€123 | |
| Profit (loss) for the period | 9904 | -€37,931 | -€10,786 | +€27,145 | +71.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,931 | -€10,786 | +€27,145 | +71.6% |
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 20 October 2026 via checked.be.