Dr H.A.: 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.
Dr H.A.
Largest movements
- Cash +€18,375
up €18,375 (+236%), from €7,780 to €26,155
mainly Depreciation (+€7,346) and Net result for the year (+€7,182)
- Receivables within one year -€5,009
down €5,009 (-4.2%), from €120,561 to €115,553
- Tangible fixed assets -€3,043
down €3,043 (-9.4%), from €32,312 to €29,269
of which Land and buildings: -€4,597
- Profit (loss) carried forward +€7,182
up €7,182 (+6.1%), from €118,071 to €125,253
- Tax, wage and social debts +€1,773
up €1,773 (+33.7%), from €5,258 to €7,030
- Gross operating margin +€18,248
up €18,248 (+897%), from €2,035 to €20,283
- Taxes +€2,591
up €2,591 (+930%), from €278 to €2,869
- Depreciation +€1,414
up €1,414 (+23.8%), from €5,933 to €7,346
- Financial charges -€483
down €483 (-42.7%), from €1,131 to €648
- Other operating charges +€221
up €221 (+10.9%), from €2,020 to €2,241
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 | €161,959 | €172,621 | +€10,663 | +6.6% |
| Fixed assets | 21/28 | €33,337 | €30,294 | -€3,043 | -9.1% |
| Tangible fixed assets | 22/27 | €32,312 | €29,269 | -€3,043 | -9.4% |
| Land and buildings | 22 | €19,695 | €15,098 | -€4,597 | -23.3% |
| Furniture and vehicles | 24 | €12,616 | €14,171 | +€1,554 | +12.3% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €128,622 | €142,328 | +€13,706 | +10.7% |
| Amounts receivable within one year | 40/41 | €120,561 | €115,553 | -€5,009 | -4.2% |
| Other amounts receivable | 41 | €120,561 | €115,553 | -€5,009 | -4.2% |
| Cash at bank and in hand | 54/58 | €7,780 | €26,155 | +€18,375 | +236% |
| Deferred charges and accrued income | 490/1 | €280 | €620 | +€340 | +121% |
| Total equity and liabilities | 10/49 | €161,959 | €172,621 | +€10,663 | +6.6% |
| Equity | 10/15 | €156,300 | €163,482 | +€7,182 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,629 | €19,629 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,769 | €17,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,071 | €125,253 | +€7,182 | +6.1% |
| Amounts payable | 17/49 | €5,659 | €9,139 | +€3,480 | +61.5% |
| Amounts payable within one year | 42/48 | €5,659 | €9,139 | +€3,480 | +61.5% |
| Trade debts | 44 | - | €1,708 | +€1,708 | |
| Suppliers | 440/4 | - | €1,708 | +€1,708 | |
| Taxes, remuneration and social security | 45 | €5,258 | €7,030 | +€1,773 | +33.7% |
| Taxes | 450/3 | €5,258 | €7,030 | +€1,773 | +33.7% |
| Other amounts payable | 47/48 | €401 | €401 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,933 | €7,346 | +€1,414 | +23.8% |
| Other operating charges | 640/8 | €2,020 | €2,241 | +€221 | +10.9% |
| Gross operating margin | 9900 | €2,035 | €20,283 | +€18,248 | +897% |
| Operating profit (loss) | 9901 | -€5,917 | €10,696 | +€16,614 | |
| Financial income | 75/76B | €1 | €3 | +€2 | +391% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +391% |
| Financial charges | 65/66B | €1,131 | €648 | -€483 | -42.7% |
| Recurring financial charges | 65 | €1,131 | €648 | -€483 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,048 | €10,051 | +€17,099 | |
| Income taxes | 67/77 | €278 | €2,869 | +€2,591 | +930% |
| Profit (loss) for the period | 9904 | -€7,326 | €7,182 | +€14,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,326 | €7,182 | +€14,509 |
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 17 October 2026 via checked.be.