H-IS: what changed
H-IS
Largest movements
- Deferred charges and accrued income +€49,199
up €49,199 (+275%), from €17,871 to €67,070
- Receivables within one year +€18,651
up €18,651 (+122%), from €15,267 to €33,918
of which Trade receivables: +€16,847
- Cash -€7,972
down €7,972 (-32.9%), from €24,259 to €16,287
mainly Deferred charges and accrued income (-€49,199) and Receivables within one year (-€18,651)
- Other debts +€62,185
up €62,185 (+95.7%), from €64,963 to €127,148
- Tax, wage and social debts -€3,644
down €3,644 (-30.4%), from €11,999 to €8,354
- Accrued charges and deferred income +€2,015
up €2,015 (+1,259%), from €160 to €2,175
- Financial charges -€35,131
down €35,131 (-40.8%), from €86,160 to €51,028
- Gross operating margin -€9,790
down €9,790 (-13.6%), from €71,813 to €62,023
- Other operating charges +€2,423
up €2,423 (+93.2%), from €2,600 to €5,023
- Staff costs +€1,730
up €1,730 (+80.5%), from €2,150 to €3,880
- Depreciation +€1,241
up €1,241 (+100%), from €1,236 to €2,476
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 | €62,849 | €121,936 | +€59,088 | +94.0% |
| Fixed assets | 21/28 | €5,452 | €4,662 | -€790 | -14.5% |
| Tangible fixed assets | 22/27 | €5,452 | €4,662 | -€790 | -14.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,440 | €1,045 | -€1,396 | -57.2% |
| Other tangible fixed assets | 26 | €3,012 | €3,617 | +€606 | +20.1% |
| Current assets | 29/58 | €57,397 | €117,274 | +€59,878 | +104% |
| Amounts receivable within one year | 40/41 | €15,267 | €33,918 | +€18,651 | +122% |
| Trade receivables | 40 | €15,112 | €31,959 | +€16,847 | +111% |
| Other amounts receivable | 41 | €154 | €1,959 | +€1,804 | +1,168% |
| Cash at bank and in hand | 54/58 | €24,259 | €16,287 | -€7,972 | -32.9% |
| Deferred charges and accrued income | 490/1 | €17,871 | €67,070 | +€49,199 | +275% |
| Total equity and liabilities | 10/49 | €62,849 | €121,936 | +€59,088 | +94.0% |
| Equity | 10/15 | -€14,817 | -€15,741 | -€924 | -6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,290 | €36,290 | = | 0.0% |
| Distributable reserves | 133 | €36,290 | €36,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,307 | -€58,231 | -€924 | -1.6% |
| Amounts payable | 17/49 | €77,665 | €137,677 | +€60,012 | +77.3% |
| Amounts payable within one year | 42/48 | €77,505 | €135,502 | +€57,997 | +74.8% |
| Trade debts | 44 | €544 | €0 | -€544 | -100% |
| Suppliers | 440/4 | €544 | €0 | -€544 | -100% |
| Taxes, remuneration and social security | 45 | €11,999 | €8,354 | -€3,644 | -30.4% |
| Taxes | 450/3 | €11,999 | €8,354 | -€3,644 | -30.4% |
| Other amounts payable | 47/48 | €64,963 | €127,148 | +€62,185 | +95.7% |
| Accrued charges and deferred income | 492/3 | €160 | €2,175 | +€2,015 | +1,259% |
| Remuneration, social security and pensions | 62 | €2,150 | €3,880 | +€1,730 | +80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €2,476 | +€1,241 | +100% |
| Other operating charges | 640/8 | €2,600 | €5,023 | +€2,423 | +93.2% |
| Gross operating margin | 9900 | €71,813 | €62,023 | -€9,790 | -13.6% |
| Operating profit (loss) | 9901 | €65,827 | €50,643 | -€15,184 | -23.1% |
| Financial income | 75/76B | €69 | €19 | -€51 | -73.2% |
| Recurring financial income | 75 | €69 | €19 | -€51 | -73.2% |
| Financial charges | 65/66B | €86,160 | €51,028 | -€35,131 | -40.8% |
| Recurring financial charges | 65 | €86,160 | €51,028 | -€35,131 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,263 | -€367 | +€19,897 | +98.2% |
| Income taxes | 67/77 | €366 | €558 | +€191 | +52.3% |
| Profit (loss) for the period | 9904 | -€20,630 | -€924 | +€19,705 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,630 | -€924 | +€19,705 | +95.5% |
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 5 November 2026 via checked.be.