H.H. PROJECT DEVELOPMENT: 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. PROJECT DEVELOPMENT
Largest movements
- Deferred charges and accrued income -€3,304
down €3,304 (-100.0%), from €3,304 to €0
- Receivables after one year -€1,198
down €1,198 (-1.3%), from €89,641 to €88,443
- Tax, wage and social debts -€2,850
down €2,850 (-100.0%), from €2,850 to €0
- Gross operating margin -€14,882
down €14,882, from €14,586 to -€297
- Financial income -€2,337
no longer reported in 2025 (was €2,337)
- Other operating charges -€2,075
down €2,075 (-83.8%), from €2,474 to €400
- Purchases and services +€297
new in 2025: €297
- Financial charges -€280
down €280 (-71.7%), from €391 to €110
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.
Cash bridge derived
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 | €93,268 | €88,531 | -€4,737 | -5.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €93,268 | €88,531 | -€4,737 | -5.1% |
| Amounts receivable after more than one year | 29 | €89,641 | €88,443 | -€1,198 | -1.3% |
| Other amounts receivable | 291 | €89,641 | €88,443 | -€1,198 | -1.3% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €324 | €88 | -€235 | -72.7% |
| Deferred charges and accrued income | 490/1 | €3,304 | €0 | -€3,304 | -100.0% |
| Total equity and liabilities | 10/49 | €93,268 | €88,531 | -€4,737 | -5.1% |
| Equity | 10/15 | €88,938 | €88,131 | -€807 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,738 | €81,931 | -€807 | -1.0% |
| Distributable reserves | 133 | €82,738 | €81,931 | -€807 | -1.0% |
| Amounts payable | 17/49 | €4,330 | €400 | -€3,931 | -90.8% |
| Amounts payable within one year | 42/48 | €3,435 | €400 | -€3,036 | -88.4% |
| Trade debts | 44 | €586 | €400 | -€186 | -31.8% |
| Suppliers | 440/4 | €586 | €400 | -€186 | -31.8% |
| Taxes, remuneration and social security | 45 | €2,850 | €0 | -€2,850 | -100.0% |
| Taxes | 450/3 | €2,850 | €0 | -€2,850 | -100.0% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €895 | €0 | -€895 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €297 | +€297 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,474 | €400 | -€2,075 | -83.8% |
| Non-recurring operating charges | 66A | €22,272 | - | -€22,272 | |
| Gross operating margin | 9900 | €14,586 | -€297 | -€14,882 | |
| Operating profit (loss) | 9901 | -€10,160 | -€696 | +€9,464 | +93.1% |
| Financial income | 75/76B | €2,337 | - | -€2,337 | |
| Recurring financial income | 75 | €2,337 | - | -€2,337 | |
| Financial charges | 65/66B | €391 | €110 | -€280 | -71.7% |
| Recurring financial charges | 65 | €391 | €110 | -€280 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,215 | -€807 | +€7,408 | +90.2% |
| Profit (loss) for the period | 9904 | -€8,215 | -€807 | +€7,408 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,215 | -€807 | +€7,408 | +90.2% |
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 12 October 2026 via checked.be.