H-echte-R: 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-echte-R
Largest movements
- Cash -€5,818
down €5,818 (-30.1%), from €19,325 to €13,507
mainly Receivables within one year (-€4,548) and Net result for the year (-€3,478)
- Receivables within one year +€4,548
up €4,548 (+19.9%), from €22,855 to €27,403
of which Trade receivables: +€4,041
- Tangible fixed assets -€973
down €973 (-43.2%), from €2,255 to €1,282
- Deferred charges and accrued income +€471
up €471 (+49.3%), from €954 to €1,425
- Reserves -€3,478
down €3,478 (-9.0%), from €38,475 to €34,997
- Tax, wage and social debts +€2,324
up €2,324 (+65.6%), from €3,539 to €5,863
- Trade debts -€1,447
down €1,447 (-77.2%), from €1,874 to €427
- Accrued charges and deferred income +€810
new in 2025: €810
- Gross operating margin -€11,860
down €11,860 (-95.8%), from €12,375 to €514
- Taxes -€2,354
down €2,354 (-60.2%), from €3,909 to €1,555
- Depreciation +€308
up €308 (+46.4%), from €665 to €973
- Financial charges -€262
down €262 (-21.5%), from €1,222 to €959
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 | €45,389 | €43,616 | -€1,773 | -3.9% |
| Fixed assets | 21/28 | €2,255 | €1,282 | -€973 | -43.2% |
| Tangible fixed assets | 22/27 | €2,255 | €1,282 | -€973 | -43.2% |
| Furniture and vehicles | 24 | €2,255 | €1,282 | -€973 | -43.2% |
| Current assets | 29/58 | €43,134 | €42,335 | -€799 | -1.9% |
| Amounts receivable within one year | 40/41 | €22,855 | €27,403 | +€4,548 | +19.9% |
| Trade receivables | 40 | €12,156 | €16,197 | +€4,041 | +33.2% |
| Other amounts receivable | 41 | €10,700 | €11,207 | +€507 | +4.7% |
| Cash at bank and in hand | 54/58 | €19,325 | €13,507 | -€5,818 | -30.1% |
| Deferred charges and accrued income | 490/1 | €954 | €1,425 | +€471 | +49.3% |
| Total equity and liabilities | 10/49 | €45,389 | €43,616 | -€1,773 | -3.9% |
| Equity | 10/15 | €39,975 | €36,497 | -€3,478 | -8.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €38,475 | €34,997 | -€3,478 | -9.0% |
| Distributable reserves | 133 | €38,475 | €34,997 | -€3,478 | -9.0% |
| Amounts payable | 17/49 | €5,414 | €7,119 | +€1,706 | +31.5% |
| Amounts payable within one year | 42/48 | €5,414 | €6,309 | +€896 | +16.5% |
| Trade debts | 44 | €1,874 | €427 | -€1,447 | -77.2% |
| Suppliers | 440/4 | €1,874 | €427 | -€1,447 | -77.2% |
| Taxes, remuneration and social security | 45 | €3,539 | €5,863 | +€2,324 | +65.6% |
| Taxes | 450/3 | €3,539 | €5,863 | +€2,324 | +65.6% |
| Other amounts payable | 47/48 | €0 | €20 | +€20 | |
| Accrued charges and deferred income | 492/3 | - | €810 | +€810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €665 | €973 | +€308 | +46.4% |
| Other operating charges | 640/8 | €889 | €811 | -€78 | -8.7% |
| Gross operating margin | 9900 | €12,375 | €514 | -€11,860 | -95.8% |
| Operating profit (loss) | 9901 | €10,821 | -€1,270 | -€12,091 | |
| Financial income | 75/76B | €410 | €307 | -€103 | -25.2% |
| Recurring financial income | 75 | €410 | €307 | -€103 | -25.2% |
| Financial charges | 65/66B | €1,222 | €959 | -€262 | -21.5% |
| Recurring financial charges | 65 | €1,222 | €959 | -€262 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €10,009 | -€1,923 | -€11,932 | |
| Income taxes | 67/77 | €3,909 | €1,555 | -€2,354 | -60.2% |
| Profit (loss) for the period | 9904 | €6,100 | -€3,478 | -€9,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,100 | -€3,478 | -€9,578 |
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 20 October 2026 via checked.be.