H&A: 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.
H&A
Largest movements
- Tangible fixed assets -€2,671
down €2,671 (-26.9%), from €9,931 to €7,260
of which Furniture and vehicles: -€1,916
- Receivables within one year +€2,423
up €2,423 (+4.7%), from €51,368 to €53,791
of which Trade receivables: +€1,423
- Deferred charges and accrued income -€2,161
no longer reported in 2025 (was €2,161)
- Other debts +€17,278
up €17,278 (+36.3%), from €47,558 to €64,836
- Profit (loss) carried forward -€16,410
down €16,410 (-53.7%), from -€30,560 to -€46,970
- Trade debts -€3,488
down €3,488 (-50.0%), from €6,979 to €3,491
- Gross operating margin +€3,221
up €3,221 (+19.1%), from -€16,824 to -€13,603
- Financial income +€1,250
new in 2025: €1,250
of which Financial income: +€1,250
- Other operating charges +€975
up €975 (+780.0%), from €125 to €1,100
- Depreciation -€210
down €210 (-7.3%), from €2,881 to €2,671
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 | €77,655 | €75,248 | -€2,407 | -3.1% |
| Fixed assets | 21/28 | €9,931 | €7,260 | -€2,671 | -26.9% |
| Tangible fixed assets | 22/27 | €9,931 | €7,260 | -€2,671 | -26.9% |
| Plant, machinery and equipment | 23 | €508 | €322 | -€186 | -36.6% |
| Furniture and vehicles | 24 | €4,868 | €2,952 | -€1,916 | -39.4% |
| Other tangible fixed assets | 26 | €4,555 | €3,986 | -€569 | -12.5% |
| Current assets | 29/58 | €67,724 | €67,988 | +€264 | +0.4% |
| Stocks and contracts in progress | 3 | €14,179 | €14,179 | = | 0.0% |
| Stocks | 30/36 | €14,179 | €14,179 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,368 | €53,791 | +€2,423 | +4.7% |
| Trade receivables | 40 | €50,762 | €52,185 | +€1,423 | +2.8% |
| Other amounts receivable | 41 | €606 | €1,606 | +€1,000 | +165.0% |
| Cash at bank and in hand | 54/58 | €16 | €18 | +€2 | +12.5% |
| Deferred charges and accrued income | 490/1 | €2,161 | - | -€2,161 | |
| Total equity and liabilities | 10/49 | €77,655 | €75,248 | -€2,407 | -3.1% |
| Equity | 10/15 | €22,490 | €6,080 | -€16,410 | -73.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €46,550 | €46,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,690 | €44,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,560 | -€46,970 | -€16,410 | -53.7% |
| Amounts payable | 17/49 | €55,165 | €69,168 | +€14,003 | +25.4% |
| Amounts payable within one year | 42/48 | €55,165 | €69,168 | +€14,003 | +25.4% |
| Trade debts | 44 | €6,979 | €3,491 | -€3,488 | -50.0% |
| Suppliers | 440/4 | €6,979 | €3,491 | -€3,488 | -50.0% |
| Taxes, remuneration and social security | 45 | €628 | €841 | +€213 | +33.9% |
| Taxes | 450/3 | €628 | €841 | +€213 | +33.9% |
| Other amounts payable | 47/48 | €47,558 | €64,836 | +€17,278 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,881 | €2,671 | -€210 | -7.3% |
| Other operating charges | 640/8 | €125 | €1,100 | +€975 | +780.0% |
| Gross operating margin | 9900 | -€16,824 | -€13,603 | +€3,221 | +19.1% |
| Operating profit (loss) | 9901 | -€19,830 | -€17,374 | +€2,456 | +12.4% |
| Financial income | 75/76B | - | €1,250 | +€1,250 | |
| Recurring financial income | 75 | - | €1,250 | +€1,250 | |
| Non-recurring financial income | 76B | - | €1,250 | +€1,250 | |
| Financial charges | 65/66B | €99 | €72 | -€27 | -27.3% |
| Recurring financial charges | 65 | €99 | €72 | -€27 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,929 | -€16,196 | +€3,733 | +18.7% |
| Income taxes | 67/77 | €218 | €214 | -€4 | -1.8% |
| Profit (loss) for the period | 9904 | -€20,147 | -€16,410 | +€3,737 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,147 | -€16,410 | +€3,737 | +18.5% |
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 2 October 2026 via checked.be.