GROUP H: what changed
Two financial 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.
GROUP H
Largest movements
- Receivables within one year -€48,321
down €48,321 (-34.0%), from €142,257 to €93,936
of which Other amounts receivable: -€33,821
- Cash +€6,988
up €6,988 (+196%), from €3,558 to €10,546
mainly Receivables within one year (+€48,321) and Depreciation (+€5,111)
- Debts after one year -€30,093
down €30,093 (-27.5%), from €109,581 to €79,488
of which Financial debts: -€16,902
- Current portion of long-term debt -€13,236
down €13,236 (-43.9%), from €30,138 to €16,902
- Gross operating margin +€13,762
up €13,762, from -€6,477 to €7,286
- Financial charges -€1,011
down €1,011 (-57.3%), from €1,765 to €754
- Other operating charges -€300
down €300 (-63.7%), from €471 to €171
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.
Derived cash bridge
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 | €576,678 | €530,234 | -€46,444 | -8.1% |
| Fixed assets | 21/28 | €430,705 | €425,594 | -€5,111 | -1.2% |
| Tangible fixed assets | 22/27 | €15,705 | €10,594 | -€5,111 | -32.5% |
| Furniture and vehicles | 24 | €15,705 | €10,594 | -€5,111 | -32.5% |
| Financial fixed assets | 28 | €415,000 | €415,000 | = | 0.0% |
| Current assets | 29/58 | €145,974 | €104,641 | -€41,333 | -28.3% |
| Amounts receivable within one year | 40/41 | €142,257 | €93,936 | -€48,321 | -34.0% |
| Trade receivables | 40 | €108,214 | €93,714 | -€14,500 | -13.4% |
| Other amounts receivable | 41 | €34,043 | €222 | -€33,821 | -99.3% |
| Cash at bank and in hand | 54/58 | €3,558 | €10,546 | +€6,988 | +196% |
| Deferred charges and accrued income | 490/1 | €158 | €159 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €576,678 | €530,234 | -€46,444 | -8.1% |
| Equity | 10/15 | €426,032 | €427,282 | +€1,250 | +0.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €401,032 | €402,282 | +€1,250 | +0.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €398,532 | €399,782 | +€1,250 | +0.3% |
| Amounts payable | 17/49 | €150,647 | €102,953 | -€47,694 | -31.7% |
| Amounts payable after more than one year | 17 | €109,581 | €79,488 | -€30,093 | -27.5% |
| Financial debts | 170/4 | €16,902 | €0 | -€16,902 | -100% |
| Other amounts payable | 178/9 | €92,679 | €79,488 | -€13,191 | -14.2% |
| Amounts payable within one year | 42/48 | €41,066 | €23,465 | -€17,601 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €30,138 | €16,902 | -€13,236 | -43.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,928 | €6,563 | -€4,365 | -39.9% |
| Suppliers | 440/4 | €10,928 | €6,563 | -€4,365 | -39.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,111 | €5,111 | +€0 | 0.0% |
| Other operating charges | 640/8 | €471 | €171 | -€300 | -63.7% |
| Gross operating margin | 9900 | -€6,477 | €7,286 | +€13,762 | |
| Operating profit (loss) | 9901 | -€12,058 | €2,004 | +€14,062 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,765 | €754 | -€1,011 | -57.3% |
| Recurring financial charges | 65 | €1,765 | €754 | -€1,011 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,823 | €1,250 | +€15,073 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,823 | €1,250 | +€15,073 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,823 | €1,250 | +€15,073 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.