H GESTION: 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 GESTION
Largest movements
- Cash +€23,886
up €23,886 (+152%), from €15,762 to €39,648
mainly Trade debts (+€36,358) and Depreciation (+€15,000)
- Intangible fixed assets -€15,000
down €15,000 (-40.0%), from €37,500 to €22,500
- Receivables within one year +€13,958
up €13,958 (+47.7%), from €29,252 to €43,209
of which Trade receivables: +€23,394
- Deferred charges and accrued income +€5,016
new in 2025: €5,016
- Trade debts +€36,358
up €36,358 (+244%), from €14,896 to €51,254
- Debts after one year -€13,976
down €13,976 (-88.3%), from €15,836 to €1,860
- Profit (loss) carried forward +€3,555
up €3,555 (+9.5%), from €37,522 to €41,077
- Tax, wage and social debts +€1,923
new in 2025: €1,923
- Other operating charges -€13,320
down €13,320 (-96.5%), from €13,810 to €490
- Gross operating margin -€7,479
down €7,479 (-27.0%), from €27,748 to €20,269
- Financial charges -€1,133
down €1,133 (-49.7%), from €2,279 to €1,146
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 | €82,514 | €110,374 | +€27,860 | +33.8% |
| Fixed assets | 21/28 | €37,500 | €22,500 | -€15,000 | -40.0% |
| Intangible fixed assets | 21 | €37,500 | €22,500 | -€15,000 | -40.0% |
| Current assets | 29/58 | €45,014 | €87,874 | +€42,860 | +95.2% |
| Amounts receivable within one year | 40/41 | €29,252 | €43,209 | +€13,958 | +47.7% |
| Trade receivables | 40 | €19,815 | €43,209 | +€23,394 | +118% |
| Other amounts receivable | 41 | €9,437 | - | -€9,437 | |
| Cash at bank and in hand | 54/58 | €15,762 | €39,648 | +€23,886 | +152% |
| Deferred charges and accrued income | 490/1 | - | €5,016 | +€5,016 | |
| Total equity and liabilities | 10/49 | €82,514 | €110,374 | +€27,860 | +33.8% |
| Equity | 10/15 | €51,782 | €55,337 | +€3,555 | +6.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,522 | €41,077 | +€3,555 | +9.5% |
| Amounts payable | 17/49 | €30,732 | €55,037 | +€24,305 | +79.1% |
| Amounts payable after more than one year | 17 | €15,836 | €1,860 | -€13,976 | -88.3% |
| Other amounts payable | 178/9 | €15,836 | €1,860 | -€13,976 | -88.3% |
| Amounts payable within one year | 42/48 | €14,896 | €53,177 | +€38,281 | +257% |
| Trade debts | 44 | €14,896 | €51,254 | +€36,358 | +244% |
| Suppliers | 440/4 | €14,896 | €51,254 | +€36,358 | +244% |
| Taxes, remuneration and social security | 45 | - | €1,923 | +€1,923 | |
| Taxes | 450/3 | - | €1,923 | +€1,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,000 | €15,000 | = | 0.0% |
| Other operating charges | 640/8 | €13,810 | €490 | -€13,320 | -96.5% |
| Gross operating margin | 9900 | €27,748 | €20,269 | -€7,479 | -27.0% |
| Operating profit (loss) | 9901 | -€1,062 | €4,779 | +€5,841 | |
| Financial charges | 65/66B | €2,279 | €1,146 | -€1,133 | -49.7% |
| Recurring financial charges | 65 | €2,279 | €1,146 | -€1,133 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,341 | €3,633 | +€6,974 | |
| Income taxes | 67/77 | €40 | €78 | +€37 | +92.9% |
| Profit (loss) for the period | 9904 | -€3,381 | €3,555 | +€6,936 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,381 | €3,555 | +€6,936 |
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 17 October 2026 via checked.be.