7HNO: what changed
Two fiscal 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.
7HNO
Largest movements
- Tangible fixed assets -€30,838
down €30,838 (-72.4%), from €42,594 to €11,756
of which Assets under construction and advance payments: -€16,575
- Receivables within one year -€18,600
down €18,600 (-50.1%), from €37,138 to €18,538
of which Trade receivables: -€17,972
- Cash -€17,916
down €17,916 (-87.2%), from €20,542 to €2,626
mainly Debts after one year (-€58,333) and Trade debts (-€39,767)
- Deferred charges and accrued income -€4,676
down €4,676 (-24.8%), from €18,818 to €14,142
- Debts after one year -€58,333
down €58,333 (-34.6%), from €168,750 to €110,417
- Trade debts -€39,767
down €39,767 (-94.1%), from €42,243 to €2,476
- Profit (loss) carried forward +€23,793
up €23,793 (+21.2%), from -€112,215 to -€88,422
- Tax, wage and social debts +€5,842
up €5,842 (+741.9%), from €788 to €6,630
- Accrued charges and deferred income -€1,838
no longer reported in 2025 (was €1,838)
- Gross operating margin +€84,527
up €84,527, from -€47,755 to €36,772
- Financial charges -€6,789
down €6,789 (-90.7%), from €7,482 to €693
- Depreciation -€3,195
down €3,195 (-32.7%), from €9,767 to €6,572
- Other operating charges -€1,580
down €1,580 (-66.8%), from €2,367 to €787
- Taxes -€973
down €973 (-62.2%), from €1,564 to €591
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.
Cash bridge derived
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 | €119,092 | €47,062 | -€72,030 | -60.5% |
| Fixed assets | 21/28 | €42,594 | €11,756 | -€30,838 | -72.4% |
| Tangible fixed assets | 22/27 | €42,594 | €11,756 | -€30,838 | -72.4% |
| Plant, machinery and equipment | 23 | €10,771 | €1,899 | -€8,873 | -82.4% |
| Furniture and vehicles | 24 | €12,146 | €7,762 | -€4,384 | -36.1% |
| Other tangible fixed assets | 26 | €3,102 | €2,096 | -€1,006 | -32.4% |
| Assets under construction and advance payments | 27 | €16,575 | - | -€16,575 | |
| Current assets | 29/58 | €76,498 | €35,306 | -€41,192 | -53.8% |
| Amounts receivable within one year | 40/41 | €37,138 | €18,538 | -€18,600 | -50.1% |
| Trade receivables | 40 | €36,510 | €18,538 | -€17,972 | -49.2% |
| Other amounts receivable | 41 | €628 | - | -€628 | |
| Cash at bank and in hand | 54/58 | €20,542 | €2,626 | -€17,916 | -87.2% |
| Deferred charges and accrued income | 490/1 | €18,818 | €14,142 | -€4,676 | -24.8% |
| Total equity and liabilities | 10/49 | €119,092 | €47,062 | -€72,030 | -60.5% |
| Equity | 10/15 | -€107,215 | -€83,422 | +€23,793 | +22.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | -€112,215 | -€88,422 | +€23,793 | +21.2% |
| Amounts payable | 17/49 | €226,307 | €130,484 | -€95,823 | -42.3% |
| Amounts payable after more than one year | 17 | €168,750 | €110,417 | -€58,333 | -34.6% |
| Financial debts | 170/4 | €168,750 | €110,417 | -€58,333 | -34.6% |
| Amounts payable within one year | 42/48 | €55,720 | €20,067 | -€35,653 | -64.0% |
| Current portion of amounts payable after more than one year | 42 | €10,600 | €10,548 | -€53 | -0.5% |
| Trade debts | 44 | €42,243 | €2,476 | -€39,767 | -94.1% |
| Suppliers | 440/4 | €42,243 | €2,476 | -€39,767 | -94.1% |
| Taxes, remuneration and social security | 45 | €788 | €6,630 | +€5,842 | +741.9% |
| Taxes | 450/3 | €788 | €6,630 | +€5,842 | +741.9% |
| Other amounts payable | 47/48 | €2,089 | €413 | -€1,676 | -80.2% |
| Accrued charges and deferred income | 492/3 | €1,838 | - | -€1,838 | |
| Non-recurring operating income | 76A | €8,313 | - | -€8,313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,767 | €6,572 | -€3,195 | -32.7% |
| Other operating charges | 640/8 | €2,367 | €787 | -€1,580 | -66.8% |
| Non-recurring operating charges | 66A | €32,800 | €4,383 | -€28,418 | -86.6% |
| Gross operating margin | 9900 | -€47,755 | €36,772 | +€84,527 | |
| Operating profit (loss) | 9901 | -€92,689 | €25,031 | +€117,720 | |
| Financial income | 75/76B | €30 | €47 | +€16 | +54.4% |
| Recurring financial income | 75 | €30 | €47 | +€16 | +54.4% |
| Financial charges | 65/66B | €7,482 | €693 | -€6,789 | -90.7% |
| Recurring financial charges | 65 | €7,482 | €693 | -€6,789 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | -€100,141 | €24,384 | +€124,525 | |
| Income taxes | 67/77 | €1,564 | €591 | -€973 | -62.2% |
| Profit (loss) for the period | 9904 | -€101,705 | €23,793 | +€125,498 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,705 | €23,793 | +€125,498 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.