EHT: 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.
EHT
Largest movements
- Tangible fixed assets -€30,575
down €30,575 (-61.0%), from €50,103 to €19,528
of which Leasing and similar rights: -€25,057
- Stocks and contracts -€24,889
down €24,889 (-22.7%), from €109,563 to €84,674
- Receivables within one year +€13,171
up €13,171 (+90.4%), from €14,569 to €27,740
of which Other amounts receivable: +€10,627
- Cash +€6,345
up €6,345 (+43.2%), from €14,698 to €21,043
mainly Depreciation (+€33,145) and Stocks and contracts (+€24,889)
- Debts after one year -€36,479
down €36,479 (-87.1%), from €41,895 to €5,416
- Other debts +€8,393
up €8,393 (+10.0%), from €84,331 to €92,724
- Current portion of long-term debt -€5,795
down €5,795 (-13.7%), from €42,274 to €36,479
- Trade debts -€5,566
down €5,566 (-4.8%), from €114,942 to €109,376
- Profit (loss) carried forward +€5,542
up €5,542 (+3.0%), from -€185,707 to -€180,165
- Gross operating margin -€39,077
down €39,077 (-43.9%), from €89,092 to €50,015
- Depreciation -€13,164
down €13,164 (-28.4%), from €46,309 to €33,145
- Financial charges -€9,426
down €9,426 (-48.9%), from €19,261 to €9,834
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 | €192,044 | €156,097 | -€35,947 | -18.7% |
| Fixed assets | 21/28 | €53,214 | €22,639 | -€30,575 | -57.5% |
| Tangible fixed assets | 22/27 | €50,103 | €19,528 | -€30,575 | -61.0% |
| Plant, machinery and equipment | 23 | €8,285 | €4,452 | -€3,832 | -46.3% |
| Furniture and vehicles | 24 | €1,852 | €319 | -€1,533 | -82.8% |
| Leasing and similar rights | 25 | €38,993 | €13,936 | -€25,057 | -64.3% |
| Other tangible fixed assets | 26 | €973 | €821 | -€152 | -15.7% |
| Financial fixed assets | 28 | €3,111 | €3,111 | = | 0.0% |
| Current assets | 29/58 | €138,830 | €133,458 | -€5,372 | -3.9% |
| Stocks and contracts in progress | 3 | €109,563 | €84,674 | -€24,889 | -22.7% |
| Stocks | 30/36 | €109,563 | €84,674 | -€24,889 | -22.7% |
| Amounts receivable within one year | 40/41 | €14,569 | €27,740 | +€13,171 | +90.4% |
| Trade receivables | 40 | €860 | €3,404 | +€2,544 | +295.7% |
| Other amounts receivable | 41 | €13,709 | €24,336 | +€10,627 | +77.5% |
| Cash at bank and in hand | 54/58 | €14,698 | €21,043 | +€6,345 | +43.2% |
| Total equity and liabilities | 10/49 | €192,044 | €156,097 | -€35,947 | -18.7% |
| Equity | 10/15 | -€106,645 | -€101,103 | +€5,542 | +5.2% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €57,062 | €57,062 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,962 | €4,962 | = | 0.0% |
| Distributable reserves | 133 | €52,100 | €52,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,707 | -€180,165 | +€5,542 | +3.0% |
| Amounts payable | 17/49 | €298,689 | €257,199 | -€41,489 | -13.9% |
| Amounts payable after more than one year | 17 | €41,895 | €5,416 | -€36,479 | -87.1% |
| Financial debts | 170/4 | €41,895 | €5,416 | -€36,479 | -87.1% |
| Amounts payable within one year | 42/48 | €256,794 | €251,784 | -€5,010 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €42,274 | €36,479 | -€5,795 | -13.7% |
| Financial debts | 43 | €15,246 | €13,204 | -€2,042 | -13.4% |
| Credit institutions | 430/8 | €15,246 | €13,204 | -€2,042 | -13.4% |
| Trade debts | 44 | €114,942 | €109,376 | -€5,566 | -4.8% |
| Suppliers | 440/4 | €114,942 | €109,376 | -€5,566 | -4.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €84,331 | €92,724 | +€8,393 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,309 | €33,145 | -€13,164 | -28.4% |
| Other operating charges | 640/8 | €2,318 | €1,632 | -€686 | -29.6% |
| Gross operating margin | 9900 | €89,092 | €50,015 | -€39,077 | -43.9% |
| Operating profit (loss) | 9901 | €40,465 | €15,238 | -€25,226 | -62.3% |
| Financial income | 75/76B | €231 | €177 | -€53 | -23.2% |
| Recurring financial income | 75 | €231 | €177 | -€53 | -23.2% |
| Financial charges | 65/66B | €19,261 | €9,834 | -€9,426 | -48.9% |
| Recurring financial charges | 65 | €19,261 | €9,834 | -€9,426 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €21,435 | €5,581 | -€15,853 | -74.0% |
| Income taxes | 67/77 | €17 | €39 | +€21 | +122.9% |
| Profit (loss) for the period | 9904 | €21,417 | €5,542 | -€15,875 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,417 | €5,542 | -€15,875 | -74.1% |
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.