H@IR-ID: what changed
H@IR-ID
Largest movements
- Tangible fixed assets +€126,398
up €126,398 (+2,000%), from €6,321 to €132,719
of which Other tangible fixed assets: +€104,103
- Receivables within one year +€3,951
up €3,951 (+909%), from €435 to €4,386
of which Other amounts receivable: +€3,564
- Cash -€2,375
down €2,375 (-7.8%), from €30,277 to €27,902
mainly Investment in fixed assets (net) (-€134,052) and Tax, wage and social debts (-€6,500)
- Intangible fixed assets -€2,000
down €2,000 (-23.5%), from €8,515 to €6,515
- Debts after one year +€122,774
up €122,774 (+614%), from €20,000 to €142,774
of which Financial debts: +€121,274
- Current portion of long-term debt +€6,587
new in 2025: €6,587
- Tax, wage and social debts -€6,500
down €6,500 (-64.2%), from €10,128 to €3,628
of which Taxes: -€5,917
- Reserves +€4,725
up €4,725 (+52.8%), from €8,949 to €13,675
- Other debts -€4,608
down €4,608 (-55.3%), from €8,334 to €3,726
- Gross operating margin -€5,948
down €5,948 (-20.0%), from €29,730 to €23,782
- Depreciation +€5,041
up €5,041 (+98.1%), from €5,139 to €10,180
- Staff costs -€2,960
down €2,960 (-29.6%), from €10,005 to €7,044
- Taxes -€2,944
down €2,944 (-100%), from €2,944 to €0
- Financial charges +€1,378
up €1,378 (+119,848%), from €1 to €1,379
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 | €50,571 | €177,781 | +€127,210 | +252% |
| Formation expenses | 20 | €525 | €0 | -€525 | -100% |
| Fixed assets | 21/28 | €14,836 | €139,234 | +€124,398 | +838% |
| Intangible fixed assets | 21 | €8,515 | €6,515 | -€2,000 | -23.5% |
| Tangible fixed assets | 22/27 | €6,321 | €132,719 | +€126,398 | +2,000% |
| Plant, machinery and equipment | 23 | €5,945 | €24,030 | +€18,085 | +304% |
| Furniture and vehicles | 24 | €376 | €4,586 | +€4,210 | +1,119% |
| Other tangible fixed assets | 26 | - | €104,103 | +€104,103 | |
| Current assets | 29/58 | €35,210 | €38,547 | +€3,337 | +9.5% |
| Stocks and contracts in progress | 3 | €4,498 | €5,559 | +€1,060 | +23.6% |
| Stocks | 30/36 | €4,498 | €5,559 | +€1,060 | +23.6% |
| Amounts receivable within one year | 40/41 | €435 | €4,386 | +€3,951 | +909% |
| Trade receivables | 40 | €433 | €820 | +€387 | +89.5% |
| Other amounts receivable | 41 | €2 | €3,566 | +€3,564 | +208,412% |
| Cash at bank and in hand | 54/58 | €30,277 | €27,902 | -€2,375 | -7.8% |
| Deferred charges and accrued income | 490/1 | - | €700 | +€700 | |
| Total equity and liabilities | 10/49 | €50,571 | €177,781 | +€127,210 | +252% |
| Equity | 10/15 | €11,949 | €16,675 | +€4,725 | +39.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,949 | €13,675 | +€4,725 | +52.8% |
| Distributable reserves | 133 | €8,949 | €13,675 | +€4,725 | +52.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,622 | €161,106 | +€122,484 | +317% |
| Amounts payable after more than one year | 17 | €20,000 | €142,774 | +€122,774 | +614% |
| Financial debts | 170/4 | - | €121,274 | +€121,274 | |
| Other amounts payable | 178/9 | €20,000 | €21,500 | +€1,500 | +7.5% |
| Amounts payable within one year | 42/48 | €18,502 | €17,388 | -€1,114 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,587 | +€6,587 | |
| Trade debts | 44 | €40 | €3,448 | +€3,408 | +8,454% |
| Suppliers | 440/4 | €40 | €3,448 | +€3,408 | +8,454% |
| Taxes, remuneration and social security | 45 | €10,128 | €3,628 | -€6,500 | -64.2% |
| Taxes | 450/3 | €8,861 | €2,944 | -€5,917 | -66.8% |
| Remuneration and social security | 454/9 | €1,267 | €683 | -€583 | -46.0% |
| Other amounts payable | 47/48 | €8,334 | €3,726 | -€4,608 | -55.3% |
| Accrued charges and deferred income | 492/3 | €120 | €944 | +€824 | +687% |
| Remuneration, social security and pensions | 62 | €10,005 | €7,044 | -€2,960 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,139 | €10,180 | +€5,041 | +98.1% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €29,730 | €23,782 | -€5,948 | -20.0% |
| Operating profit (loss) | 9901 | €14,138 | €6,097 | -€8,041 | -56.9% |
| Financial income | 75/76B | €7 | €8 | +€1 | +15.1% |
| Recurring financial income | 75 | €7 | €8 | +€1 | +15.1% |
| Financial charges | 65/66B | €1 | €1,379 | +€1,378 | +119,848% |
| Recurring financial charges | 65 | €1 | €1,379 | +€1,378 | +119,848% |
| Profit (loss) for the period before taxes | 9903 | €14,144 | €4,725 | -€9,418 | -66.6% |
| Income taxes | 67/77 | €2,944 | €0 | -€2,944 | -100% |
| Profit (loss) for the period | 9904 | €11,199 | €4,725 | -€6,474 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,199 | €4,725 | -€6,474 | -57.8% |
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.