H²&IT - Projects: 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.
H²&IT - Projects
Largest movements
- Tangible fixed assets -€12,460
down €12,460 (-27.2%), from €45,784 to €33,324
of which Furniture and vehicles: -€10,855
- Cash -€10,392
down €10,392 (-16.8%), from €61,817 to €51,425
mainly Contributions, distributions and other (-€62,317) and Debts after one year (-€12,337)
- Receivables within one year +€3,667
up €3,667 (+18.5%), from €19,852 to €23,519
of which Trade receivables: +€3,742
- Deferred charges and accrued income -€2,247
down €2,247 (-16.9%), from €13,319 to €11,071
- Debts after one year -€12,337
down €12,337 (-70.3%), from €17,549 to €5,212
- Other debts -€9,217
down €9,217 (-12.0%), from €76,984 to €67,767
No income-statement line moved by more than 1% of the activity.
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 | €140,771 | €119,339 | -€21,433 | -15.2% |
| Fixed assets | 21/28 | €45,784 | €33,324 | -€12,460 | -27.2% |
| Tangible fixed assets | 22/27 | €45,784 | €33,324 | -€12,460 | -27.2% |
| Plant, machinery and equipment | 23 | €579 | €125 | -€453 | -78.3% |
| Furniture and vehicles | 24 | €36,862 | €26,008 | -€10,855 | -29.4% |
| Other tangible fixed assets | 26 | €8,342 | €7,191 | -€1,151 | -13.8% |
| Current assets | 29/58 | €94,988 | €86,014 | -€8,973 | -9.4% |
| Amounts receivable within one year | 40/41 | €19,852 | €23,519 | +€3,667 | +18.5% |
| Trade receivables | 40 | €17,820 | €21,562 | +€3,742 | +21.0% |
| Other amounts receivable | 41 | €2,032 | €1,956 | -€76 | -3.7% |
| Cash at bank and in hand | 54/58 | €61,817 | €51,425 | -€10,392 | -16.8% |
| Deferred charges and accrued income | 490/1 | €13,319 | €11,071 | -€2,247 | -16.9% |
| Total equity and liabilities | 10/49 | €140,771 | €119,339 | -€21,433 | -15.2% |
| Equity | 10/15 | €20,484 | €20,484 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,934 | €1,934 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €79 | €79 | = | 0.0% |
| Amounts payable | 17/49 | €120,287 | €98,854 | -€21,433 | -17.8% |
| Amounts payable after more than one year | 17 | €17,549 | €5,212 | -€12,337 | -70.3% |
| Financial debts | 170/4 | €17,549 | €5,212 | -€12,337 | -70.3% |
| Amounts payable within one year | 42/48 | €102,738 | €93,643 | -€9,096 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €12,098 | €12,337 | +€239 | +2.0% |
| Trade debts | 44 | €1,771 | €2,640 | +€869 | +49.1% |
| Suppliers | 440/4 | €1,771 | €2,640 | +€869 | +49.1% |
| Taxes, remuneration and social security | 45 | €11,886 | €10,899 | -€987 | -8.3% |
| Taxes | 450/3 | €11,886 | €10,899 | -€987 | -8.3% |
| Other amounts payable | 47/48 | €76,984 | €67,767 | -€9,217 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,171 | €12,460 | +€288 | +2.4% |
| Other operating charges | 640/8 | €1,947 | €1,592 | -€355 | -18.2% |
| Non-recurring operating charges | 66A | €566 | - | -€566 | |
| Gross operating margin | 9900 | €95,945 | €95,163 | -€782 | -0.8% |
| Operating profit (loss) | 9901 | €81,261 | €81,111 | -€150 | -0.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €847 | €660 | -€187 | -22.1% |
| Recurring financial charges | 65 | €847 | €660 | -€187 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €80,415 | €80,451 | +€36 | 0.0% |
| Income taxes | 67/77 | €18,040 | €18,135 | +€95 | +0.5% |
| Profit (loss) for the period | 9904 | €62,375 | €62,317 | -€59 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,375 | €62,317 | -€59 | -0.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.