H-Brugh: 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-Brugh
Largest movements
- Tangible fixed assets -€4,203
down €4,203 (-23.8%), from €17,642 to €13,439
of which Furniture and vehicles: -€3,975
- Cash -€3,979
down €3,979 (-57.2%), from €6,954 to €2,976
mainly Debts after one year (-€3,970) and Net result for the year (-€3,157)
- Stocks and contracts +€1,143
up €1,143 (+37.3%), from €3,066 to €4,209
- Receivables within one year +€1,142
up €1,142 (+54.7%), from €2,087 to €3,229
of which Other amounts receivable: +€1,208
- Deferred charges and accrued income -€533
down €533 (-81.9%), from €651 to €118
- Debts after one year -€3,970
down €3,970 (-36.3%), from €10,941 to €6,971
- Reserves -€3,157
down €3,157 (-84.0%), from €3,759 to €602
- Other debts +€605
up €605 (+8.6%), from €7,059 to €7,665
- Depreciation +€2,072
up €2,072 (+97.2%), from €2,131 to €4,203
- Other operating charges +€494
up €494 (+740%), from €67 to €560
- Gross operating margin -€347
down €347 (-13.4%), from €2,595 to €2,249
- Taxes -€193
down €193 (-100%), from €193 to €0
- Financial charges +€148
up €148 (+29.7%), from €500 to €648
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 | €30,401 | €23,971 | -€6,429 | -21.1% |
| Fixed assets | 21/28 | €17,642 | €13,439 | -€4,203 | -23.8% |
| Tangible fixed assets | 22/27 | €17,642 | €13,439 | -€4,203 | -23.8% |
| Plant, machinery and equipment | 23 | €438 | €210 | -€228 | -52.1% |
| Furniture and vehicles | 24 | €17,204 | €13,229 | -€3,975 | -23.1% |
| Current assets | 29/58 | €12,758 | €10,533 | -€2,226 | -17.4% |
| Stocks and contracts in progress | 3 | €3,066 | €4,209 | +€1,143 | +37.3% |
| Stocks | 30/36 | €3,066 | €4,209 | +€1,143 | +37.3% |
| Amounts receivable within one year | 40/41 | €2,087 | €3,229 | +€1,142 | +54.7% |
| Trade receivables | 40 | €522 | €456 | -€66 | -12.6% |
| Other amounts receivable | 41 | €1,565 | €2,773 | +€1,208 | +77.2% |
| Cash at bank and in hand | 54/58 | €6,954 | €2,976 | -€3,979 | -57.2% |
| Deferred charges and accrued income | 490/1 | €651 | €118 | -€533 | -81.9% |
| Total equity and liabilities | 10/49 | €30,401 | €23,971 | -€6,429 | -21.1% |
| Equity | 10/15 | €6,759 | €3,602 | -€3,157 | -46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,759 | €602 | -€3,157 | -84.0% |
| Distributable reserves | 133 | €3,759 | €602 | -€3,157 | -84.0% |
| Amounts payable | 17/49 | €23,642 | €20,369 | -€3,272 | -13.8% |
| Amounts payable after more than one year | 17 | €10,941 | €6,971 | -€3,970 | -36.3% |
| Financial debts | 170/4 | €10,941 | €6,971 | -€3,970 | -36.3% |
| Amounts payable within one year | 42/48 | €12,700 | €13,398 | +€698 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €3,819 | €3,970 | +€152 | +4.0% |
| Trade debts | 44 | €1,822 | €1,763 | -€59 | -3.2% |
| Suppliers | 440/4 | €1,822 | €1,763 | -€59 | -3.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,059 | €7,665 | +€605 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,131 | €4,203 | +€2,072 | +97.2% |
| Other operating charges | 640/8 | €67 | €560 | +€494 | +740% |
| Gross operating margin | 9900 | €2,595 | €2,249 | -€347 | -13.4% |
| Operating profit (loss) | 9901 | €398 | -€2,515 | -€2,912 | |
| Financial income | 75/76B | €6 | €6 | -€0 | -1.1% |
| Recurring financial income | 75 | €6 | €6 | -€0 | -1.1% |
| Financial charges | 65/66B | €500 | €648 | +€148 | +29.7% |
| Recurring financial charges | 65 | €500 | €648 | +€148 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€96 | -€3,157 | -€3,061 | -3,187% |
| Income taxes | 67/77 | €193 | €0 | -€193 | -100% |
| Profit (loss) for the period | 9904 | -€289 | -€3,157 | -€2,868 | -991% |
| Profit (loss) for the period to be appropriated | 9905 | -€289 | -€3,157 | -€2,868 | -991% |
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 27 October 2026 via checked.be.