H-EIGHT: 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-EIGHT
Largest movements
- Tangible fixed assets -€11,582
down €11,582 (-53.1%), from €21,793 to €10,211
- Deferred charges and accrued income -€5,437
down €5,437 (-100%), from €5,437 to €0
- Receivables within one year -€3,220
down €3,220 (-36.5%), from €8,819 to €5,599
of which Other amounts receivable: -€7,741
- Other debts -€14,689
down €14,689 (-20.3%), from €72,413 to €57,725
- Short-term financial debts -€10,220
down €10,220 (-76.7%), from €13,329 to €3,110
- Trade debts +€7,722
up €7,722 (+179%), from €4,309 to €12,031
- Profit (loss) carried forward -€3,024
down €3,024 (-4.4%), from -€68,482 to -€71,507
- Gross operating margin +€14,447
up €14,447 (+540%), from €2,674 to €17,120
- Other operating charges +€6,670
up €6,670 (+853%), from €782 to €7,453
- Financial charges +€574
up €574 (+165%), from €349 to €923
- Write-downs -€500
down €500 (-100%), from €500 to €0
- Depreciation -€353
down €353 (-3.0%), from €11,935 to €11,582
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 | €36,049 | €15,810 | -€20,239 | -56.1% |
| Fixed assets | 21/28 | €21,793 | €10,211 | -€11,582 | -53.1% |
| Tangible fixed assets | 22/27 | €21,793 | €10,211 | -€11,582 | -53.1% |
| Furniture and vehicles | 24 | €21,793 | €10,211 | -€11,582 | -53.1% |
| Current assets | 29/58 | €14,256 | €5,599 | -€8,657 | -60.7% |
| Amounts receivable within one year | 40/41 | €8,819 | €5,599 | -€3,220 | -36.5% |
| Trade receivables | 40 | €477 | €4,997 | +€4,520 | +948% |
| Other amounts receivable | 41 | €8,343 | €602 | -€7,741 | -92.8% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €5,437 | €0 | -€5,437 | -100% |
| Total equity and liabilities | 10/49 | €36,049 | €15,810 | -€20,239 | -56.1% |
| Equity | 10/15 | -€54,222 | -€57,247 | -€3,024 | -5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,482 | -€71,507 | -€3,024 | -4.4% |
| Amounts payable | 17/49 | €90,272 | €73,057 | -€17,215 | -19.1% |
| Amounts payable within one year | 42/48 | €90,272 | €73,057 | -€17,215 | -19.1% |
| Financial debts | 43 | €13,329 | €3,110 | -€10,220 | -76.7% |
| Credit institutions | 430/8 | €13,329 | €3,110 | -€10,220 | -76.7% |
| Trade debts | 44 | €4,309 | €12,031 | +€7,722 | +179% |
| Suppliers | 440/4 | €4,309 | €12,031 | +€7,722 | +179% |
| Taxes, remuneration and social security | 45 | €220 | €192 | -€28 | -12.8% |
| Taxes | 450/3 | €220 | €192 | -€28 | -12.8% |
| Other amounts payable | 47/48 | €72,413 | €57,725 | -€14,689 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,935 | €11,582 | -€353 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €500 | €0 | -€500 | -100% |
| Other operating charges | 640/8 | €782 | €7,453 | +€6,670 | +853% |
| Gross operating margin | 9900 | €2,674 | €17,120 | +€14,447 | +540% |
| Operating profit (loss) | 9901 | -€10,544 | -€1,914 | +€8,630 | +81.8% |
| Financial income | 75/76B | €5 | €5 | -€1 | -12.5% |
| Recurring financial income | 75 | €5 | €5 | -€1 | -12.5% |
| Financial charges | 65/66B | €349 | €923 | +€574 | +165% |
| Recurring financial charges | 65 | €349 | €923 | +€574 | +165% |
| Profit (loss) for the period before taxes | 9903 | -€10,887 | -€2,833 | +€8,055 | +74.0% |
| Income taxes | 67/77 | €193 | €192 | -€1 | -0.5% |
| Profit (loss) for the period | 9904 | -€11,080 | -€3,024 | +€8,056 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,080 | -€3,024 | +€8,056 | +72.7% |
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 21 October 2026 via checked.be.