EHC Invest: what changed
What changed
EHC Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€161,090
2024 · €37,036+€124,054
Equity
€2.3m
2024 · €2.1m+€161,090
Cash
€228,562
2024 · €394,810-€166,248
Balance sheet total
€3.4m
2024 · €3.6m-€233,809
Largest movements
Assets
- Cash -€166,248
down €166,248 (-42.1%), from €394,810 to €228,562
mainly Debts after one year (-€400,000) and Tax, wage and social debts (-€10,725)
- Financial fixed assets -€54,350
down €54,350 (-2.0%), from €2.7m to €2.7m
Equity and liabilities
- Debts after one year -€400,000
down €400,000 (-100%), from €400,000 to €0
- Reserves +€161,090
up €161,090 (+29.0%), from €555,731 to €716,821
Income statement
- Financial income +€198,111
up €198,111 (+1,926%), from €10,288 to €208,398
of which Financial income: +€196,111
- Purchases and services +€89,736
new in 2025: €89,736
- Turnover +€82,089
new in 2025: €82,089
- Gross operating margin -€82,074
down €82,074, from €74,606 to -€7,468
- Financial charges -€5,728
down €5,728 (-21.2%), from €27,061 to €21,333
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€37,036
Gross operating margin
-€82,074
Depreciation
-€346
Other operating charges
-€123
Financial income
+€198,111
Financial charges
+€5,728
Taxes
+€2,759
Result 2025
€161,090
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€181,658
Investment
+€52,095
Financing
-€400,000
Cash 2024
€394,810
From operations (derived)
+€181,658
Net result for the year
+€161,090
Depreciation
+€2,105
Receivables within one year
+€17,100
Deferred charges and accrued income
-€3,738
Trade debts
+€3,644
Tax, wage and social debts
-€10,725
Other debts
+€17,082
Accrued charges and deferred income
-€4,899
Investment (derived)
+€52,095
Investment in fixed assets (net)
+€52,095
Financing
-€400,000
Debts after one year
-€400,000
Cash 2025
€228,562
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,635,674 | €3,401,865 | -€233,809 | -6.4% |
| Fixed assets | 21/28 | €2,743,701 | €2,689,501 | -€54,199 | -2.0% |
| Intangible fixed assets | 21 | €4,535 | €3,556 | -€979 | -21.6% |
| Tangible fixed assets | 22/27 | €5,140 | €6,269 | +€1,130 | +22.0% |
| Furniture and vehicles | 24 | €1,440 | €2,569 | +€1,130 | +78.4% |
| Other tangible fixed assets | 26 | €3,700 | €3,700 | = | 0.0% |
| Financial fixed assets | 28 | €2,734,026 | €2,679,676 | -€54,350 | -2.0% |
| Current assets | 29/58 | €891,973 | €712,364 | -€179,609 | -20.1% |
| Amounts receivable within one year | 40/41 | €251,967 | €234,867 | -€17,100 | -6.8% |
| Trade receivables | 40 | €90,649 | €78,490 | -€12,158 | -13.4% |
| Other amounts receivable | 41 | €161,318 | €156,377 | -€4,942 | -3.1% |
| Current investments | 50/53 | €244,509 | €244,509 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €394,810 | €228,562 | -€166,248 | -42.1% |
| Deferred charges and accrued income | 490/1 | €688 | €4,426 | +€3,738 | +544% |
| Total equity and liabilities | 10/49 | €3,635,674 | €3,401,865 | -€233,809 | -6.4% |
| Equity | 10/15 | €2,133,221 | €2,294,311 | +€161,090 | +7.6% |
| Contributions | 10/11 | €1,577,490 | €1,577,490 | = | 0.0% |
| Reserves | 13 | €555,731 | €716,821 | +€161,090 | +29.0% |
| Distributable reserves | 133 | €555,731 | €716,821 | +€161,090 | +29.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,502,453 | €1,107,554 | -€394,899 | -26.3% |
| Amounts payable after more than one year | 17 | €400,000 | €0 | -€400,000 | -100% |
| Other amounts payable | 178/9 | €400,000 | €0 | -€400,000 | -100% |
| Amounts payable within one year | 42/48 | €1,075,149 | €1,085,149 | +€10,000 | +0.9% |
| Trade debts | 44 | €6,916 | €10,559 | +€3,644 | +52.7% |
| Suppliers | 440/4 | €6,916 | €10,559 | +€3,644 | +52.7% |
| Taxes, remuneration and social security | 45 | €10,884 | €159 | -€10,725 | -98.5% |
| Taxes | 450/3 | €10,884 | €159 | -€10,725 | -98.5% |
| Other amounts payable | 47/48 | €1,057,349 | €1,074,430 | +€17,082 | +1.6% |
| Accrued charges and deferred income | 492/3 | €27,305 | €22,405 | -€4,899 | -17.9% |
| Turnover | 70 | - | €82,089 | +€82,089 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €89,736 | +€89,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,759 | €2,105 | +€346 | +19.7% |
| Other operating charges | 640/8 | €194 | €317 | +€123 | +63.6% |
| Gross operating margin | 9900 | €74,606 | -€7,468 | -€82,074 | |
| Operating profit (loss) | 9901 | €72,653 | -€9,890 | -€82,544 | |
| Financial income | 75/76B | €10,288 | €208,398 | +€198,111 | +1,926% |
| Recurring financial income | 75 | €10,288 | €206,398 | +€196,111 | +1,906% |
| Non-recurring financial income | 76B | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €27,061 | €21,333 | -€5,728 | -21.2% |
| Recurring financial charges | 65 | €27,061 | €21,333 | -€5,728 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €55,880 | €177,175 | +€121,295 | +217% |
| Income taxes | 67/77 | €18,844 | €16,085 | -€2,759 | -14.6% |
| Profit (loss) for the period | 9904 | €37,036 | €161,090 | +€124,054 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €37,036 | €161,090 | +€124,054 | +335% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.