EHCS: 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.
EHCS
Largest movements
- Stocks and contracts -€16,900
down €16,900 (-47.7%), from €35,400 to €18,500
- Receivables within one year +€5,522
up €5,522 (+9.8%), from €56,356 to €61,879
of which Trade receivables: +€12,937
- Cash -€3,354
down €3,354 (-44.0%), from €7,625 to €4,271
- Tangible fixed assets +€3,303
up €3,303 (+4.1%), from €81,160 to €84,463
of which Furniture and vehicles: +€7,048
- Contributions -€16,600
down €16,600 (-89.2%), from €18,600 to €2,000
- Trade debts -€6,908
down €6,908 (-28.5%), from €24,254 to €17,346
- Debts after one year +€6,558
up €6,558 (+9.3%), from €70,292 to €76,849
- Current portion of long-term debt +€5,944
up €5,944 (+86.9%), from €6,844 to €12,788
- Reserves +€2,796
up €2,796 (+5.1%), from €54,912 to €57,708
- Gross operating margin -€10,964
down €10,964 (-32.7%), from €33,525 to €22,561
- Depreciation -€7,671
down €7,671 (-59.7%), from €12,858 to €5,188
- Financial charges +€5,262
up €5,262 (+167.2%), from €3,148 to €8,410
- Other operating charges +€1,564
up €1,564 (+99.6%), from €1,570 to €3,134
- Financial income -€1,093
down €1,093 (-98.3%), from €1,112 to €19
From the 2023 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,029 | €174,162 | -€9,867 | -5.4% |
| Fixed assets | 21/28 | €81,960 | €85,263 | +€3,303 | +4.0% |
| Tangible fixed assets | 22/27 | €81,160 | €84,463 | +€3,303 | +4.1% |
| Plant, machinery and equipment | 23 | €8,457 | €4,712 | -€3,745 | -44.3% |
| Furniture and vehicles | 24 | €72,703 | €79,751 | +€7,048 | +9.7% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €102,070 | €88,900 | -€13,170 | -12.9% |
| Stocks and contracts in progress | 3 | €35,400 | €18,500 | -€16,900 | -47.7% |
| Stocks | 30/36 | €35,400 | €18,500 | -€16,900 | -47.7% |
| Amounts receivable within one year | 40/41 | €56,356 | €61,879 | +€5,522 | +9.8% |
| Trade receivables | 40 | €42,548 | €55,486 | +€12,937 | +30.4% |
| Other amounts receivable | 41 | €13,808 | €6,393 | -€7,415 | -53.7% |
| Cash at bank and in hand | 54/58 | €7,625 | €4,271 | -€3,354 | -44.0% |
| Deferred charges and accrued income | 490/1 | €2,689 | €4,250 | +€1,561 | +58.1% |
| Total equity and liabilities | 10/49 | €184,029 | €174,162 | -€9,867 | -5.4% |
| Equity | 10/15 | €69,777 | €55,973 | -€13,804 | -19.8% |
| Contributions | 10/11 | €18,600 | €2,000 | -€16,600 | -89.2% |
| Reserves | 13 | €54,912 | €57,708 | +€2,796 | +5.1% |
| Distributable reserves | 133 | €54,912 | €57,708 | +€2,796 | +5.1% |
| Profit (loss) carried forward | 14 | -€3,735 | -€3,735 | = | 0.0% |
| Amounts payable | 17/49 | €114,253 | €118,190 | +€3,937 | +3.4% |
| Amounts payable after more than one year | 17 | €70,292 | €76,849 | +€6,558 | +9.3% |
| Financial debts | 170/4 | €70,292 | €76,849 | +€6,558 | +9.3% |
| Amounts payable within one year | 42/48 | €43,961 | €41,340 | -€2,620 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €6,844 | €12,788 | +€5,944 | +86.9% |
| Financial debts | 43 | €4,599 | €3,672 | -€927 | -20.1% |
| Credit institutions | 430/8 | €4,599 | €3,672 | -€927 | -20.1% |
| Trade debts | 44 | €24,254 | €17,346 | -€6,908 | -28.5% |
| Suppliers | 440/4 | €24,254 | €17,346 | -€6,908 | -28.5% |
| Taxes, remuneration and social security | 45 | €2,323 | €2,591 | +€268 | +11.5% |
| Taxes | 450/3 | €367 | €736 | +€369 | +100.6% |
| Remuneration and social security | 454/9 | €1,956 | €1,855 | -€101 | -5.2% |
| Other amounts payable | 47/48 | €5,941 | €4,943 | -€998 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,858 | €5,188 | -€7,671 | -59.7% |
| Other operating charges | 640/8 | €1,570 | €3,134 | +€1,564 | +99.6% |
| Gross operating margin | 9900 | €33,525 | €22,561 | -€10,964 | -32.7% |
| Operating profit (loss) | 9901 | €19,097 | €14,240 | -€4,857 | -25.4% |
| Financial income | 75/76B | €1,112 | €19 | -€1,093 | -98.3% |
| Recurring financial income | 75 | €1,112 | €19 | -€1,093 | -98.3% |
| Financial charges | 65/66B | €3,148 | €8,410 | +€5,262 | +167.2% |
| Recurring financial charges | 65 | €3,148 | €8,410 | +€5,262 | +167.2% |
| Profit (loss) for the period before taxes | 9903 | €17,062 | €5,849 | -€11,213 | -65.7% |
| Income taxes | 67/77 | €1,478 | €2,194 | +€715 | +48.4% |
| Profit (loss) for the period | 9904 | €15,584 | €3,655 | -€11,929 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,584 | €3,655 | -€11,929 | -76.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.