EH ADVISORY: 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.
EH ADVISORY
Largest movements
- Cash +€26,786
up €26,786 (+73.0%), from €36,686 to €63,472
mainly Net result for the year (+€67,037) and Other debts (+€55,635)
- Receivables within one year -€22,044
down €22,044 (-58.3%), from €37,794 to €15,750
of which Trade receivables: -€23,340
- Deferred charges and accrued income -€3,817
down €3,817 (-41.3%), from €9,241 to €5,425
- Tangible fixed assets -€2,933
down €2,933 (-42.6%), from €6,891 to €3,958
- Other debts +€55,635
up €55,635 (+2,353%), from €2,365 to €58,000
- Profit (loss) carried forward -€42,880
down €42,880 (-82.6%), from €51,917 to €9,037
- Trade debts -€11,540
down €11,540 (-84.4%), from €13,680 to €2,139
- Tax, wage and social debts -€3,222
down €3,222 (-14.5%), from €22,151 to €18,929
- Gross operating margin +€19,252
up €19,252 (+25.8%), from €74,550 to €93,801
- Taxes +€4,732
up €4,732 (+30.1%), from €15,697 to €20,429
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 | €90,613 | €88,606 | -€2,007 | -2.2% |
| Fixed assets | 21/28 | €6,891 | €3,958 | -€2,933 | -42.6% |
| Tangible fixed assets | 22/27 | €6,891 | €3,958 | -€2,933 | -42.6% |
| Furniture and vehicles | 24 | €6,891 | €3,958 | -€2,933 | -42.6% |
| Current assets | 29/58 | €83,721 | €84,647 | +€926 | +1.1% |
| Amounts receivable within one year | 40/41 | €37,794 | €15,750 | -€22,044 | -58.3% |
| Trade receivables | 40 | €37,394 | €14,054 | -€23,340 | -62.4% |
| Other amounts receivable | 41 | €400 | €1,696 | +€1,296 | +324% |
| Cash at bank and in hand | 54/58 | €36,686 | €63,472 | +€26,786 | +73.0% |
| Deferred charges and accrued income | 490/1 | €9,241 | €5,425 | -€3,817 | -41.3% |
| Total equity and liabilities | 10/49 | €90,613 | €88,606 | -€2,007 | -2.2% |
| Equity | 10/15 | €52,417 | €9,537 | -€42,880 | -81.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,917 | €9,037 | -€42,880 | -82.6% |
| Amounts payable | 17/49 | €38,196 | €79,068 | +€40,873 | +107% |
| Amounts payable within one year | 42/48 | €38,196 | €79,068 | +€40,873 | +107% |
| Trade debts | 44 | €13,680 | €2,139 | -€11,540 | -84.4% |
| Suppliers | 440/4 | €13,680 | €2,139 | -€11,540 | -84.4% |
| Taxes, remuneration and social security | 45 | €22,151 | €18,929 | -€3,222 | -14.5% |
| Taxes | 450/3 | €22,151 | €18,929 | -€3,222 | -14.5% |
| Other amounts payable | 47/48 | €2,365 | €58,000 | +€55,635 | +2,353% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,089 | €2,933 | +€844 | +40.4% |
| Gross operating margin | 9900 | €74,550 | €93,801 | +€19,252 | +25.8% |
| Operating profit (loss) | 9901 | €72,461 | €90,869 | +€18,408 | +25.4% |
| Financial charges | 65/66B | €2,855 | €3,402 | +€547 | +19.2% |
| Recurring financial charges | 65 | €2,855 | €3,402 | +€547 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €69,606 | €87,466 | +€17,861 | +25.7% |
| Income taxes | 67/77 | €15,697 | €20,429 | +€4,732 | +30.1% |
| Profit (loss) for the period | 9904 | €53,909 | €67,037 | +€13,128 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,909 | €67,037 | +€13,128 | +24.4% |
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 13 October 2026 via checked.be.