H-24: 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.
H-24
Largest movements
- Cash +€23,745
up €23,745 (+62.5%), from €37,967 to €61,712
mainly Net result for the year (+€30,337) and Other debts (+€6,748)
- Deferred charges and accrued income +€11,877
up €11,877 (+2837.1%), from €419 to €12,296
- Receivables within one year +€2,162
up €2,162 (+49.6%), from €4,356 to €6,517
- Tangible fixed assets +€2,124
up €2,124 (+53.2%), from €3,990 to €6,115
- Profit (loss) carried forward +€29,504
up €29,504 (+90.3%), from €32,677 to €62,181
- Other debts +€6,748
up €6,748 (+86.2%), from €7,828 to €14,575
- Tax, wage and social debts +€1,717
up €1,717 (+89.7%), from €1,913 to €3,630
- Trade debts +€1,373
up €1,373 (+114.4%), from €1,200 to €2,573
- Gross operating margin -€3,577
down €3,577 (-8.2%), from €43,604 to €40,027
- Taxes -€2,277
down €2,277 (-24.9%), from €9,140 to €6,863
- Depreciation +€973
up €973 (+317.8%), from €306 to €1,280
- Financial charges +€727
up €727 (+310.6%), from €234 to €961
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 | €46,732 | €86,640 | +€39,908 | +85.4% |
| Fixed assets | 21/28 | €3,990 | €6,115 | +€2,124 | +53.2% |
| Tangible fixed assets | 22/27 | €3,990 | €6,115 | +€2,124 | +53.2% |
| Furniture and vehicles | 24 | €3,990 | €6,115 | +€2,124 | +53.2% |
| Current assets | 29/58 | €42,741 | €80,525 | +€37,783 | +88.4% |
| Amounts receivable within one year | 40/41 | €4,356 | €6,517 | +€2,162 | +49.6% |
| Trade receivables | 40 | €4,356 | €6,517 | +€2,162 | +49.6% |
| Cash at bank and in hand | 54/58 | €37,967 | €61,712 | +€23,745 | +62.5% |
| Deferred charges and accrued income | 490/1 | €419 | €12,296 | +€11,877 | +2837.1% |
| Total equity and liabilities | 10/49 | €46,732 | €86,640 | +€39,908 | +85.4% |
| Equity | 10/15 | €35,677 | €65,181 | +€29,504 | +82.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,677 | €62,181 | +€29,504 | +90.3% |
| Amounts payable | 17/49 | €11,055 | €21,458 | +€10,404 | +94.1% |
| Amounts payable within one year | 42/48 | €10,941 | €20,778 | +€9,837 | +89.9% |
| Trade debts | 44 | €1,200 | €2,573 | +€1,373 | +114.4% |
| Suppliers | 440/4 | €1,200 | €2,573 | +€1,373 | +114.4% |
| Taxes, remuneration and social security | 45 | €1,913 | €3,630 | +€1,717 | +89.7% |
| Taxes | 450/3 | €1,913 | €3,630 | +€1,717 | +89.7% |
| Other amounts payable | 47/48 | €7,828 | €14,575 | +€6,748 | +86.2% |
| Accrued charges and deferred income | 492/3 | €113 | €680 | +€567 | +499.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306 | €1,280 | +€973 | +317.8% |
| Other operating charges | 640/8 | €387 | €585 | +€198 | +51.1% |
| Gross operating margin | 9900 | €43,604 | €40,027 | -€3,577 | -8.2% |
| Operating profit (loss) | 9901 | €42,910 | €38,162 | -€4,748 | -11.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €234 | €961 | +€727 | +310.6% |
| Recurring financial charges | 65 | €234 | €961 | +€727 | +310.6% |
| Profit (loss) for the period before taxes | 9903 | €42,676 | €37,201 | -€5,476 | -12.8% |
| Income taxes | 67/77 | €9,140 | €6,863 | -€2,277 | -24.9% |
| Profit (loss) for the period | 9904 | €33,536 | €30,337 | -€3,199 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,536 | €30,337 | -€3,199 | -9.5% |
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 11 October 2026 via checked.be.