CY-HN: 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.
CY-HN
Largest movements
- Tangible fixed assets +€119,718
up €119,718 (+241%), from €49,667 to €169,385
- Financial fixed assets +€15,000
up €15,000 (+107%), from €14,000 to €29,000
- Cash +€9,336
up €9,336 (+132%), from €7,056 to €16,392
mainly Debts after one year (+€140,187) and Depreciation (+€96,795)
- Debts after one year +€140,187
new in 2024: €140,187
- Current portion of long-term debt +€41,066
new in 2024: €41,066
- Trade debts -€40,624
down €40,624 (-93.3%), from €43,561 to €2,937
- Tax, wage and social debts +€15,463
up €15,463 (+138%), from €11,236 to €26,699
of which Taxes: +€7,812
- Other debts -€9,621
down €9,621 (-15.8%), from €61,049 to €51,428
- Gross operating margin +€82,246
up €82,246 (+87.5%), from €93,990 to €176,236
- Depreciation +€54,628
up €54,628 (+130%), from €42,167 to €96,795
- Staff costs +€39,555
up €39,555 (+140%), from €28,288 to €67,843
- Financial charges +€7,106
up €7,106 (+1,712%), from €415 to €7,521
- Taxes -€2,293
no longer reported in 2024 (was €2,293)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,879 | €307,845 | +€146,966 | +91.4% |
| Fixed assets | 21/28 | €63,667 | €198,385 | +€134,718 | +212% |
| Tangible fixed assets | 22/27 | €49,667 | €169,385 | +€119,718 | +241% |
| Furniture and vehicles | 24 | €49,667 | €169,385 | +€119,718 | +241% |
| Financial fixed assets | 28 | €14,000 | €29,000 | +€15,000 | +107% |
| Current assets | 29/58 | €97,212 | €109,460 | +€12,248 | +12.6% |
| Amounts receivable within one year | 40/41 | €90,156 | €93,068 | +€2,912 | +3.2% |
| Trade receivables | 40 | €80,504 | €93,068 | +€12,564 | +15.6% |
| Other amounts receivable | 41 | €9,652 | - | -€9,652 | |
| Cash at bank and in hand | 54/58 | €7,056 | €16,392 | +€9,336 | +132% |
| Total equity and liabilities | 10/49 | €160,879 | €307,845 | +€146,966 | +91.4% |
| Equity | 10/15 | €45,033 | €45,528 | +€495 | +1.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,033 | €30,528 | +€495 | +1.6% |
| Amounts payable | 17/49 | €115,846 | €262,317 | +€146,471 | +126% |
| Amounts payable after more than one year | 17 | - | €140,187 | +€140,187 | |
| Financial debts | 170/4 | - | €140,187 | +€140,187 | |
| Amounts payable within one year | 42/48 | €115,846 | €122,130 | +€6,284 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | - | €41,066 | +€41,066 | |
| Trade debts | 44 | €43,561 | €2,937 | -€40,624 | -93.3% |
| Suppliers | 440/4 | €43,561 | €2,937 | -€40,624 | -93.3% |
| Taxes, remuneration and social security | 45 | €11,236 | €26,699 | +€15,463 | +138% |
| Taxes | 450/3 | €6,923 | €14,735 | +€7,812 | +113% |
| Remuneration and social security | 454/9 | €4,313 | €11,964 | +€7,651 | +177% |
| Other amounts payable | 47/48 | €61,049 | €51,428 | -€9,621 | -15.8% |
| Remuneration, social security and pensions | 62 | €28,288 | €67,843 | +€39,555 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,167 | €96,795 | +€54,628 | +130% |
| Other operating charges | 640/8 | €1,414 | €3,280 | +€1,866 | +132% |
| Non-recurring operating charges | 66A | €178 | €302 | +€124 | +69.7% |
| Gross operating margin | 9900 | €93,990 | €176,236 | +€82,246 | +87.5% |
| Operating profit (loss) | 9901 | €21,943 | €8,016 | -€13,927 | -63.5% |
| Financial charges | 65/66B | €415 | €7,521 | +€7,106 | +1,712% |
| Recurring financial charges | 65 | €415 | €7,521 | +€7,106 | +1,712% |
| Profit (loss) for the period before taxes | 9903 | €21,528 | €495 | -€21,033 | -97.7% |
| Income taxes | 67/77 | €2,293 | - | -€2,293 | |
| Profit (loss) for the period | 9904 | €19,235 | €495 | -€18,740 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,235 | €495 | -€18,740 | -97.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.