EH2C 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.
EH2C MANAGEMENT
Largest movements
- Cash +€14,719
up €14,719 (+169.4%), from €8,686 to €23,405
mainly Net result for the year (+€19,399) and Depreciation (+€7,010)
- Receivables within one year +€7,023
up €7,023 (+146.7%), from €4,786 to €11,809
of which Other amounts receivable: +€6,577
- Tangible fixed assets +€4,431
up €4,431 (+81.3%), from €5,449 to €9,880
of which Furniture and vehicles: +€7,793
- Deferred charges and accrued income +€563
up €563 (+41.1%), from €1,372 to €1,935
- Reserves +€15,000
up €15,000 (+29.5%), from €50,860 to €65,860
of which Distributable reserves: +€15,000
- Tax, wage and social debts +€5,794
up €5,794 (+352.9%), from €1,642 to €7,435
- Profit (loss) carried forward +€4,399
up €4,399 (+10.7%), from -€41,190 to -€36,791
- Trade debts +€1,543
up €1,543 (+49.5%), from €3,119 to €4,662
- Gross operating margin +€11,519
up €11,519 (+53.9%), from €21,389 to €32,908
- Taxes +€4,035
up €4,035 (+329.5%), from €1,225 to €5,260
- Depreciation +€2,101
up €2,101 (+42.8%), from €4,908 to €7,010
- Financial charges -€1,156
down €1,156 (-91.4%), from €1,266 to €109
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 | €20,631 | €47,367 | +€26,736 | +129.6% |
| Fixed assets | 21/28 | €5,787 | €10,218 | +€4,431 | +76.6% |
| Tangible fixed assets | 22/27 | €5,449 | €9,880 | +€4,431 | +81.3% |
| Plant, machinery and equipment | 23 | €271 | €96 | -€175 | -64.7% |
| Furniture and vehicles | 24 | €1,484 | €9,277 | +€7,793 | +525.3% |
| Leasing and similar rights | 25 | €3,420 | €495 | -€2,925 | -85.5% |
| Other tangible fixed assets | 26 | €274 | €13 | -€261 | -95.3% |
| Financial fixed assets | 28 | €338 | €338 | = | 0.0% |
| Current assets | 29/58 | €14,844 | €37,149 | +€22,305 | +150.3% |
| Amounts receivable within one year | 40/41 | €4,786 | €11,809 | +€7,023 | +146.7% |
| Trade receivables | 40 | €2,938 | €3,384 | +€446 | +15.2% |
| Other amounts receivable | 41 | €1,848 | €8,425 | +€6,577 | +355.9% |
| Cash at bank and in hand | 54/58 | €8,686 | €23,405 | +€14,719 | +169.4% |
| Deferred charges and accrued income | 490/1 | €1,372 | €1,935 | +€563 | +41.1% |
| Total equity and liabilities | 10/49 | €20,631 | €47,367 | +€26,736 | +129.6% |
| Equity | 10/15 | €15,870 | €35,269 | +€19,399 | +122.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,860 | €65,860 | +€15,000 | +29.5% |
| 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 | €49,000 | €64,000 | +€15,000 | +30.6% |
| Profit (loss) carried forward | 14 | -€41,190 | -€36,791 | +€4,399 | +10.7% |
| Amounts payable | 17/49 | €4,761 | €12,098 | +€7,337 | +154.1% |
| Amounts payable within one year | 42/48 | €4,761 | €12,098 | +€7,337 | +154.1% |
| Trade debts | 44 | €3,119 | €4,662 | +€1,543 | +49.5% |
| Suppliers | 440/4 | €3,119 | €4,662 | +€1,543 | +49.5% |
| Taxes, remuneration and social security | 45 | €1,642 | €7,435 | +€5,794 | +352.9% |
| Taxes | 450/3 | €1,642 | €7,435 | +€5,794 | +352.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,908 | €7,010 | +€2,101 | +42.8% |
| Other operating charges | 640/8 | €948 | €1,131 | +€183 | +19.3% |
| Gross operating margin | 9900 | €21,389 | €32,908 | +€11,519 | +53.9% |
| Operating profit (loss) | 9901 | €15,533 | €24,768 | +€9,235 | +59.4% |
| Financial charges | 65/66B | €1,266 | €109 | -€1,156 | -91.4% |
| Recurring financial charges | 65 | €1,266 | €109 | -€1,156 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €14,268 | €24,659 | +€10,391 | +72.8% |
| Income taxes | 67/77 | €1,225 | €5,260 | +€4,035 | +329.5% |
| Profit (loss) for the period | 9904 | €13,043 | €19,399 | +€6,356 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,043 | €19,399 | +€6,356 | +48.7% |
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 6 October 2026 via checked.be.