eHS-projects: what changed
eHS-projects
Largest movements
- Cash -€29,069
down €29,069 (-57.4%), from €50,613 to €21,544
mainly Receivables within one year (-€27,153) and Investment in fixed assets (net) (-€11,593)
- Receivables within one year +€27,153
up €27,153 (+63.7%), from €42,644 to €69,797
of which Trade receivables: +€22,390
- Tangible fixed assets +€9,606
up €9,606 (+636%), from €1,510 to €11,116
of which Plant, machinery and equipment: +€9,606
- Deferred charges and accrued income -€2,037
down €2,037 (-93.0%), from €2,191 to €153
- Reserves +€7,285
up €7,285 (+9.3%), from €77,928 to €85,212
- Tax, wage and social debts -€4,592
down €4,592 (-61.1%), from €7,518 to €2,926
of which Taxes: -€3,492
- Trade debts +€2,419
up €2,419 (+63.3%), from €3,820 to €6,240
- Gross operating margin -€26,855
down €26,855 (-64.0%), from €41,969 to €15,114
- Taxes -€5,558
down €5,558 (-75.4%), from €7,376 to €1,818
- Financial charges -€1,398
down €1,398 (-38.0%), from €3,680 to €2,282
- Depreciation +€889
up €889 (+80.9%), from €1,098 to €1,987
- Other operating charges +€547
up €547 (+130%), from €421 to €967
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,957 | €102,610 | +€5,653 | +5.8% |
| Fixed assets | 21/28 | €1,510 | €11,116 | +€9,606 | +636% |
| Tangible fixed assets | 22/27 | €1,510 | €11,116 | +€9,606 | +636% |
| Plant, machinery and equipment | 23 | €1,510 | €11,116 | +€9,606 | +636% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €95,447 | €91,494 | -€3,953 | -4.1% |
| Amounts receivable within one year | 40/41 | €42,644 | €69,797 | +€27,153 | +63.7% |
| Trade receivables | 40 | €42,587 | €64,977 | +€22,390 | +52.6% |
| Other amounts receivable | 41 | €58 | €4,821 | +€4,763 | +8,284% |
| Cash at bank and in hand | 54/58 | €50,613 | €21,544 | -€29,069 | -57.4% |
| Deferred charges and accrued income | 490/1 | €2,191 | €153 | -€2,037 | -93.0% |
| Total equity and liabilities | 10/49 | €96,957 | €102,610 | +€5,653 | +5.8% |
| Equity | 10/15 | €81,428 | €88,712 | +€7,285 | +8.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €77,928 | €85,212 | +€7,285 | +9.3% |
| Distributable reserves | 133 | €77,928 | €85,212 | +€7,285 | +9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,529 | €13,898 | -€1,631 | -10.5% |
| Amounts payable within one year | 42/48 | €14,445 | €12,844 | -€1,602 | -11.1% |
| Trade debts | 44 | €3,820 | €6,240 | +€2,419 | +63.3% |
| Suppliers | 440/4 | €3,820 | €6,240 | +€2,419 | +63.3% |
| Taxes, remuneration and social security | 45 | €7,518 | €2,926 | -€4,592 | -61.1% |
| Taxes | 450/3 | €6,418 | €2,926 | -€3,492 | -54.4% |
| Remuneration and social security | 454/9 | €1,100 | €0 | -€1,100 | -100% |
| Other amounts payable | 47/48 | €3,108 | €3,679 | +€571 | +18.4% |
| Accrued charges and deferred income | 492/3 | €1,084 | €1,054 | -€30 | -2.7% |
| Non-recurring operating income | 76A | €5,445 | €0 | -€5,445 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,098 | €1,987 | +€889 | +80.9% |
| Other operating charges | 640/8 | €421 | €967 | +€547 | +130% |
| Gross operating margin | 9900 | €41,969 | €15,114 | -€26,855 | -64.0% |
| Operating profit (loss) | 9901 | €40,451 | €12,160 | -€28,291 | -69.9% |
| Financial income | 75/76B | €72 | €57 | -€14 | -20.1% |
| Recurring financial income | 75 | €72 | €57 | -€14 | -20.1% |
| Financial charges | 65/66B | €3,680 | €2,282 | -€1,398 | -38.0% |
| Recurring financial charges | 65 | €3,680 | €2,282 | -€1,398 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €36,843 | €9,935 | -€26,908 | -73.0% |
| Income taxes | 67/77 | €7,376 | €1,818 | -€5,558 | -75.4% |
| Profit (loss) for the period | 9904 | €29,467 | €8,118 | -€21,350 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,467 | €8,118 | -€21,350 | -72.5% |
Next steps
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 6 November 2026 via checked.be.