H.HOLDING: 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.HOLDING
Largest movements
- Receivables within one year +€497,998
up €497,998 (+85.8%), from €580,102 to €1.1m
of which Other amounts receivable: +€449,998
- Other debts +€475,429
up €475,429 (+31.9%), from €1.5m to €2.0m
- Profit (loss) carried forward +€34,943
up €34,943, from -€17,695 to €17,247
- Financial income +€32,188
up €32,188 (+2,199%), from €1,464 to €33,651
- Gross operating margin +€3,502
up €3,502 (+44.9%), from €7,809 to €11,311
- Taxes +€2,235
up €2,235 (+73.6%), from €3,036 to €5,271
- Financial charges +€555
up €555 (+21.4%), from €2,595 to €3,150
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 | €1,694,101 | €2,207,995 | +€513,894 | +30.3% |
| Fixed assets | 21/28 | €1,101,818 | €1,101,218 | -€600 | -0.1% |
| Tangible fixed assets | 22/27 | €600 | - | -€600 | |
| Furniture and vehicles | 24 | €600 | - | -€600 | |
| Financial fixed assets | 28 | €1,101,218 | €1,101,218 | = | 0.0% |
| Current assets | 29/58 | €592,283 | €1,106,777 | +€514,494 | +86.9% |
| Amounts receivable within one year | 40/41 | €580,102 | €1,078,100 | +€497,998 | +85.8% |
| Trade receivables | 40 | €48,000 | €96,000 | +€48,000 | +100% |
| Other amounts receivable | 41 | €532,102 | €982,100 | +€449,998 | +84.6% |
| Cash at bank and in hand | 54/58 | €1,209 | €8,554 | +€7,345 | +607% |
| Deferred charges and accrued income | 490/1 | €10,971 | €20,123 | +€9,151 | +83.4% |
| Total equity and liabilities | 10/49 | €1,694,101 | €2,207,995 | +€513,894 | +30.3% |
| Equity | 10/15 | €182,305 | €217,247 | +€34,943 | +19.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,695 | €17,247 | +€34,943 | |
| Amounts payable | 17/49 | €1,511,796 | €1,990,747 | +€478,951 | +31.7% |
| Amounts payable within one year | 42/48 | €1,495,596 | €1,971,442 | +€475,846 | +31.8% |
| Trade debts | 44 | €500 | €500 | = | 0.0% |
| Suppliers | 440/4 | €500 | €500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,604 | €4,020 | +€417 | +11.6% |
| Taxes | 450/3 | €3,604 | €4,020 | +€417 | +11.6% |
| Other amounts payable | 47/48 | €1,491,493 | €1,966,922 | +€475,429 | +31.9% |
| Accrued charges and deferred income | 492/3 | €16,200 | €19,305 | +€3,105 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €693 | €600 | -€93 | -13.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €7,809 | €11,311 | +€3,502 | +44.9% |
| Operating profit (loss) | 9901 | €6,148 | €9,713 | +€3,564 | +58.0% |
| Financial income | 75/76B | €1,464 | €33,651 | +€32,188 | +2,199% |
| Recurring financial income | 75 | €1,464 | €33,651 | +€32,188 | +2,199% |
| Financial charges | 65/66B | €2,595 | €3,150 | +€555 | +21.4% |
| Recurring financial charges | 65 | €2,595 | €3,150 | +€555 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €5,017 | €40,214 | +€35,197 | +702% |
| Income taxes | 67/77 | €3,036 | €5,271 | +€2,235 | +73.6% |
| Profit (loss) for the period | 9904 | €1,981 | €34,943 | +€32,961 | +1,663% |
| Profit (loss) for the period to be appropriated | 9905 | €1,981 | €34,943 | +€32,961 | +1,663% |
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 20 October 2026 via checked.be.