EH Project Management: 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.
EH Project Management
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Receivables within one year +€17,465
up €17,465, from €0 to €17,465
- Cash -€4,202
down €4,202 (-3.7%), from €113,031 to €108,829
mainly Current investments (-€75,000) and Receivables within one year (-€17,465)
- Reserves +€92,961
up €92,961 (+90.0%), from €103,288 to €196,249
- Other debts -€6,308
down €6,308 (-66.7%), from €9,460 to €3,152
- Tax, wage and social debts +€2,494
up €2,494 (+95.8%), from €2,603 to €5,097
- Other operating charges +€5,193
up €5,193 (+1342.2%), from €387 to €5,580
- Depreciation -€2,677
down €2,677 (-68.8%), from €3,893 to €1,215
- Financial income +€1,678
new in 2025: €1,678
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 | €120,976 | €210,369 | +€89,393 | +73.9% |
| Fixed assets | 21/28 | €6,804 | €5,831 | -€974 | -14.3% |
| Tangible fixed assets | 22/27 | €6,804 | €5,831 | -€974 | -14.3% |
| Plant, machinery and equipment | 23 | - | €3,164 | +€3,164 | |
| Furniture and vehicles | 24 | €6,804 | €2,667 | -€4,137 | -60.8% |
| Current assets | 29/58 | €114,172 | €204,539 | +€90,367 | +79.1% |
| Amounts receivable within one year | 40/41 | €0 | €17,465 | +€17,465 | |
| Trade receivables | 40 | €0 | €17,465 | +€17,465 | |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €113,031 | €108,829 | -€4,202 | -3.7% |
| Deferred charges and accrued income | 490/1 | €1,141 | €3,244 | +€2,104 | +184.4% |
| Total equity and liabilities | 10/49 | €120,976 | €210,369 | +€89,393 | +73.9% |
| Equity | 10/15 | €108,288 | €201,249 | +€92,961 | +85.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,288 | €196,249 | +€92,961 | +90.0% |
| Distributable reserves | 133 | €103,288 | €196,249 | +€92,961 | +90.0% |
| Amounts payable | 17/49 | €12,688 | €9,120 | -€3,568 | -28.1% |
| Amounts payable within one year | 42/48 | €12,063 | €9,120 | -€2,942 | -24.4% |
| Trade debts | 44 | €0 | €872 | +€872 | |
| Suppliers | 440/4 | €0 | €872 | +€872 | |
| Taxes, remuneration and social security | 45 | €2,603 | €5,097 | +€2,494 | +95.8% |
| Taxes | 450/3 | €2,603 | €5,097 | +€2,494 | +95.8% |
| Other amounts payable | 47/48 | €9,460 | €3,152 | -€6,308 | -66.7% |
| Accrued charges and deferred income | 492/3 | €626 | €0 | -€626 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,893 | €1,215 | -€2,677 | -68.8% |
| Other operating charges | 640/8 | €387 | €5,580 | +€5,193 | +1342.2% |
| Gross operating margin | 9900 | €136,805 | €136,180 | -€625 | -0.5% |
| Operating profit (loss) | 9901 | €132,526 | €129,385 | -€3,141 | -2.4% |
| Financial income | 75/76B | - | €1,678 | +€1,678 | |
| Recurring financial income | 75 | - | €1,678 | +€1,678 | |
| Financial charges | 65/66B | €123 | €131 | +€8 | +6.3% |
| Recurring financial charges | 65 | €123 | €131 | +€8 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €132,402 | €130,932 | -€1,471 | -1.1% |
| Income taxes | 67/77 | €38,433 | €37,971 | -€463 | -1.2% |
| Profit (loss) for the period | 9904 | €93,969 | €92,961 | -€1,008 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,969 | €92,961 | -€1,008 | -1.1% |
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 5 October 2026 via checked.be.