H-H ENGINEERINGS: 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 ENGINEERINGS
Largest movements
- Cash -€90,068
down €90,068 (-56.2%), from €160,330 to €70,262
mainly Receivables within one year (-€74,204) and Debts after one year (-€50,179)
- Receivables within one year +€74,204
up €74,204 (+347%), from €21,356 to €95,561
of which Other amounts receivable: +€62,587
- Tangible fixed assets -€22,852
down €22,852 (-5.6%), from €411,029 to €388,176
of which Land and buildings: -€20,734
- Reserves +€62,489
up €62,489 (+65.3%), from €95,674 to €158,162
of which Distributable reserves: +€62,489
- Debts after one year -€50,179
down €50,179 (-17.5%), from €287,324 to €237,145
of which Financial debts: -€34,374
- Other debts -€33,714
no longer reported in 2025 (was €33,714)
- Trade debts -€30,188
down €30,188 (-45.0%), from €67,063 to €36,875
- Tax, wage and social debts +€13,655
up €13,655 (+193%), from €7,089 to €20,745
of which Taxes: +€13,297
- Staff costs -€23,029
down €23,029 (-92.5%), from €24,903 to €1,874
- Taxes +€21,420
up €21,420 (+139%), from €15,417 to €36,836
- Gross operating margin +€5,296
up €5,296 (+3.5%), from €150,792 to €156,089
- Other operating charges -€3,047
down €3,047 (-33.2%), from €9,181 to €6,133
- Financial income +€2,313
up €2,313 (+657%), from €352 to €2,666
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 | €598,272 | €561,032 | -€37,240 | -6.2% |
| Fixed assets | 21/28 | €411,029 | €388,176 | -€22,852 | -5.6% |
| Tangible fixed assets | 22/27 | €411,029 | €388,176 | -€22,852 | -5.6% |
| Land and buildings | 22 | €376,244 | €355,509 | -€20,734 | -5.5% |
| Plant, machinery and equipment | 23 | €25,200 | €16,990 | -€8,210 | -32.6% |
| Furniture and vehicles | 24 | €9,585 | €15,677 | +€6,092 | +63.6% |
| Current assets | 29/58 | €187,243 | €172,856 | -€14,388 | -7.7% |
| Amounts receivable within one year | 40/41 | €21,356 | €95,561 | +€74,204 | +347% |
| Trade receivables | 40 | €10,446 | €22,064 | +€11,617 | +111% |
| Other amounts receivable | 41 | €10,910 | €73,497 | +€62,587 | +574% |
| Cash at bank and in hand | 54/58 | €160,330 | €70,262 | -€90,068 | -56.2% |
| Deferred charges and accrued income | 490/1 | €5,557 | €7,033 | +€1,476 | +26.6% |
| Total equity and liabilities | 10/49 | €598,272 | €561,032 | -€37,240 | -6.2% |
| Equity | 10/15 | €163,348 | €225,837 | +€62,489 | +38.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,674 | €158,162 | +€62,489 | +65.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €93,814 | €156,302 | +€62,489 | +66.6% |
| Profit (loss) carried forward | 14 | €61,474 | €61,474 | = | 0.0% |
| Amounts payable | 17/49 | €434,924 | €335,196 | -€99,728 | -22.9% |
| Amounts payable after more than one year | 17 | €287,324 | €237,145 | -€50,179 | -17.5% |
| Financial debts | 170/4 | €265,919 | €231,545 | -€34,374 | -12.9% |
| Other amounts payable | 178/9 | €21,405 | €5,600 | -€15,805 | -73.8% |
| Amounts payable within one year | 42/48 | €147,600 | €97,994 | -€49,606 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €39,734 | €40,374 | +€640 | +1.6% |
| Trade debts | 44 | €67,063 | €36,875 | -€30,188 | -45.0% |
| Suppliers | 440/4 | €67,063 | €36,875 | -€30,188 | -45.0% |
| Taxes, remuneration and social security | 45 | €7,089 | €20,745 | +€13,655 | +193% |
| Taxes | 450/3 | €3,712 | €17,009 | +€13,297 | +358% |
| Remuneration and social security | 454/9 | €3,378 | €3,736 | +€359 | +10.6% |
| Other amounts payable | 47/48 | €33,714 | - | -€33,714 | |
| Accrued charges and deferred income | 492/3 | - | €57 | +€57 | |
| Remuneration, social security and pensions | 62 | €24,903 | €1,874 | -€23,029 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,615 | €40,964 | -€1,652 | -3.9% |
| Other operating charges | 640/8 | €9,181 | €6,133 | -€3,047 | -33.2% |
| Gross operating margin | 9900 | €150,792 | €156,089 | +€5,296 | +3.5% |
| Operating profit (loss) | 9901 | €74,094 | €107,117 | +€33,024 | +44.6% |
| Financial income | 75/76B | €352 | €2,666 | +€2,313 | +657% |
| Recurring financial income | 75 | €352 | €2,666 | +€2,313 | +657% |
| Financial charges | 65/66B | €10,838 | €10,458 | -€380 | -3.5% |
| Recurring financial charges | 65 | €10,838 | €10,458 | -€380 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €63,607 | €99,325 | +€35,717 | +56.2% |
| Income taxes | 67/77 | €15,417 | €36,836 | +€21,420 | +139% |
| Profit (loss) for the period | 9904 | €48,191 | €62,489 | +€14,298 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,191 | €62,489 | +€14,298 | +29.7% |
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 24 October 2026 via checked.be.