H INVEST: what changed
H INVEST
Largest movements
- Cash +€84,792
up €84,792 (+995%), from €8,519 to €93,310
mainly Net result for the year (+€41,751) and Receivables within one year (+€22,386)
- Receivables within one year -€22,386
down €22,386 (-42.8%), from €52,294 to €29,909
of which Other amounts receivable: -€14,362
- Tangible fixed assets +€5,143
up €5,143 (+42.5%), from €12,088 to €17,231
of which Plant, machinery and equipment: +€3,260
- Reserves +€41,751
up €41,751 (+95.7%), from €43,605 to €85,356
- Tax, wage and social debts +€15,398
up €15,398 (+102%), from €15,131 to €30,529
- Advances received +€8,712
up €8,712 (+164%), from €5,300 to €14,012
- Other debts +€3,668
up €3,668 (+115%), from €3,180 to €6,848
- Trade debts -€2,465
down €2,465 (-92.6%), from €2,661 to €196
- Other operating charges +€4,288
up €4,288 (+981%), from €437 to €4,726
- Financial income +€2,641
up €2,641 (+1,825%), from €145 to €2,785
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,878 | €141,942 | +€67,064 | +89.6% |
| Fixed assets | 21/28 | €12,088 | €17,231 | +€5,143 | +42.5% |
| Tangible fixed assets | 22/27 | €12,088 | €17,231 | +€5,143 | +42.5% |
| Plant, machinery and equipment | 23 | €9,967 | €13,227 | +€3,260 | +32.7% |
| Furniture and vehicles | 24 | €2,121 | €4,004 | +€1,883 | +88.8% |
| Current assets | 29/58 | €62,790 | €124,712 | +€61,921 | +98.6% |
| Amounts receivable within one year | 40/41 | €52,294 | €29,909 | -€22,386 | -42.8% |
| Trade receivables | 40 | €8,154 | €130 | -€8,024 | -98.4% |
| Other amounts receivable | 41 | €44,141 | €29,779 | -€14,362 | -32.5% |
| Cash at bank and in hand | 54/58 | €8,519 | €93,310 | +€84,792 | +995% |
| Deferred charges and accrued income | 490/1 | €1,978 | €1,493 | -€485 | -24.5% |
| Total equity and liabilities | 10/49 | €74,878 | €141,942 | +€67,064 | +89.6% |
| Equity | 10/15 | €48,605 | €90,356 | +€41,751 | +85.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,605 | €85,356 | +€41,751 | +95.7% |
| Distributable reserves | 133 | €43,605 | €85,356 | +€41,751 | +95.7% |
| Amounts payable | 17/49 | €26,273 | €51,586 | +€25,313 | +96.3% |
| Amounts payable within one year | 42/48 | €26,273 | €51,586 | +€25,313 | +96.3% |
| Trade debts | 44 | €2,661 | €196 | -€2,465 | -92.6% |
| Suppliers | 440/4 | €2,661 | €196 | -€2,465 | -92.6% |
| Advances received on contracts in progress | 46 | €5,300 | €14,012 | +€8,712 | +164% |
| Taxes, remuneration and social security | 45 | €15,131 | €30,529 | +€15,398 | +102% |
| Taxes | 450/3 | €15,131 | €30,529 | +€15,398 | +102% |
| Other amounts payable | 47/48 | €3,180 | €6,848 | +€3,668 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,031 | €3,601 | -€430 | -10.7% |
| Other operating charges | 640/8 | €437 | €4,726 | +€4,288 | +981% |
| Gross operating margin | 9900 | €63,072 | €62,933 | -€139 | -0.2% |
| Operating profit (loss) | 9901 | €58,603 | €54,606 | -€3,997 | -6.8% |
| Financial income | 75/76B | €145 | €2,785 | +€2,641 | +1,825% |
| Recurring financial income | 75 | €145 | €2,785 | +€2,641 | +1,825% |
| Financial charges | 65/66B | €11 | €351 | +€339 | +2,988% |
| Recurring financial charges | 65 | €11 | €351 | +€339 | +2,988% |
| Profit (loss) for the period before taxes | 9903 | €58,737 | €57,041 | -€1,696 | -2.9% |
| Income taxes | 67/77 | €15,131 | €15,290 | +€159 | +1.0% |
| Profit (loss) for the period | 9904 | €43,605 | €41,751 | -€1,855 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,605 | €41,751 | -€1,855 | -4.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.