H&M VOITURES: 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&M VOITURES
Largest movements
- Cash -€605
down €605 (-12.1%), from €4,991 to €4,385
mainly Net result for the year (-€605)
- Profit (loss) carried forward -€605
down €605 (-11.1%), from -€5,476 to -€6,082
- Gross operating margin +€817
up €817 (+92.6%), from -€883 to -€66
- Depreciation -€274
no longer reported in 2025 (was €274)
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €4,991 | €4,385 | -€605 | -12.1% |
| Current assets | 29/58 | €4,991 | €4,385 | -€605 | -12.1% |
| Cash at bank and in hand | 54/58 | €4,991 | €4,385 | -€605 | -12.1% |
| Total equity and liabilities | 10/49 | €4,991 | €4,385 | -€605 | -12.1% |
| Equity | 10/15 | €724 | €118 | -€605 | -83.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,476 | -€6,082 | -€605 | -11.1% |
| Amounts payable | 17/49 | €4,267 | €4,267 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,267 | €4,267 | = | 0.0% |
| Other amounts payable | 47/48 | €4,267 | €4,267 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | - | -€274 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€883 | -€66 | +€817 | +92.6% |
| Operating profit (loss) | 9901 | -€1,544 | -€465 | +€1,079 | +69.9% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,684 | -€605 | +€1,079 | +64.0% |
| Profit (loss) for the period | 9904 | -€1,684 | -€605 | +€1,079 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,684 | -€605 | +€1,079 | +64.0% |
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 1 November 2026 via checked.be.