H & H: 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 & H
Largest movements
- Cash +€55,888
up €55,888 (+81.4%), from €68,645 to €124,532
mainly Net result for the year (+€59,027) and Depreciation (+€30,352)
- Receivables within one year +€22,306
up €22,306 (+71.4%), from €31,244 to €53,550
of which Trade receivables: +€15,478
- Tangible fixed assets -€18,962
down €18,962 (-19.9%), from €95,279 to €76,317
of which Furniture and vehicles: -€10,703
- Intangible fixed assets -€9,625
down €9,625 (-15.5%), from €62,286 to €52,661
- Reserves +€53,027
up €53,027 (+23.1%), from €229,544 to €282,570
- Current portion of long-term debt -€9,169
no longer reported in 2025 (was €9,169)
- Other debts +€5,000
up €5,000 (+500%), from €1,000 to €6,000
- Gross operating margin +€5,379
up €5,379 (+3.6%), from €150,950 to €156,329
- Taxes +€4,787
up €4,787 (+23.4%), from €20,490 to €25,278
- Staff costs -€3,554
down €3,554 (-8.8%), from €40,308 to €36,754
- Depreciation -€2,370
down €2,370 (-7.2%), from €32,722 to €30,352
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 | €258,028 | €308,675 | +€50,647 | +19.6% |
| Fixed assets | 21/28 | €157,655 | €129,068 | -€28,587 | -18.1% |
| Intangible fixed assets | 21 | €62,286 | €52,661 | -€9,625 | -15.5% |
| Tangible fixed assets | 22/27 | €95,279 | €76,317 | -€18,962 | -19.9% |
| Land and buildings | 22 | €73,893 | €65,634 | -€8,259 | -11.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €21,386 | €10,683 | -€10,703 | -50.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €100,374 | €179,607 | +€79,234 | +78.9% |
| Amounts receivable within one year | 40/41 | €31,244 | €53,550 | +€22,306 | +71.4% |
| Trade receivables | 40 | €26,735 | €42,213 | +€15,478 | +57.9% |
| Other amounts receivable | 41 | €4,510 | €11,337 | +€6,827 | +151% |
| Cash at bank and in hand | 54/58 | €68,645 | €124,532 | +€55,888 | +81.4% |
| Deferred charges and accrued income | 490/1 | €484 | €1,524 | +€1,040 | +215% |
| Total equity and liabilities | 10/49 | €258,028 | €308,675 | +€50,647 | +19.6% |
| Equity | 10/15 | €229,584 | €282,610 | +€53,027 | +23.1% |
| Contributions | 10/11 | €40 | €40 | = | 0.0% |
| Reserves | 13 | €229,544 | €282,570 | +€53,027 | +23.1% |
| Distributable reserves | 133 | €229,544 | €282,570 | +€53,027 | +23.1% |
| Amounts payable | 17/49 | €28,445 | €26,065 | -€2,380 | -8.4% |
| Amounts payable within one year | 42/48 | €28,041 | €26,065 | -€1,976 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €9,169 | - | -€9,169 | |
| Trade debts | 44 | €4,655 | €6,284 | +€1,628 | +35.0% |
| Suppliers | 440/4 | €4,655 | €6,284 | +€1,628 | +35.0% |
| Taxes, remuneration and social security | 45 | €13,216 | €13,781 | +€565 | +4.3% |
| Remuneration and social security | 454/9 | €13,216 | €13,781 | +€565 | +4.3% |
| Other amounts payable | 47/48 | €1,000 | €6,000 | +€5,000 | +500% |
| Accrued charges and deferred income | 492/3 | €404 | - | -€404 | |
| Remuneration, social security and pensions | 62 | €40,308 | €36,754 | -€3,554 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,722 | €30,352 | -€2,370 | -7.2% |
| Other operating charges | 640/8 | €3,715 | €3,198 | -€517 | -13.9% |
| Gross operating margin | 9900 | €150,950 | €156,329 | +€5,379 | +3.6% |
| Operating profit (loss) | 9901 | €74,206 | €86,025 | +€11,819 | +15.9% |
| Financial income | 75/76B | €231 | €436 | +€205 | +89.0% |
| Recurring financial income | 75 | €231 | €436 | +€205 | +89.0% |
| Financial charges | 65/66B | €3,242 | €2,157 | -€1,085 | -33.5% |
| Recurring financial charges | 65 | €3,242 | €2,157 | -€1,085 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €71,195 | €84,304 | +€13,109 | +18.4% |
| Income taxes | 67/77 | €20,490 | €25,278 | +€4,787 | +23.4% |
| Profit (loss) for the period | 9904 | €50,704 | €59,027 | +€8,322 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,704 | €59,027 | +€8,322 | +16.4% |
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 25 October 2026 via checked.be.