H-MACHINERY: 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-MACHINERY
Largest movements
- Tangible fixed assets -€44,287
down €44,287 (-29.4%), from €150,884 to €106,596
of which Furniture and vehicles: -€45,734
- Cash +€2,781
up €2,781 (+25.1%), from €11,100 to €13,881
mainly Depreciation (+€48,346) and Net result for the year (+€13,508)
- Receivables within one year +€2,608
up €2,608 (+14.0%), from €18,621 to €21,229
of which Trade receivables: +€3,522
- Debts after one year -€28,356
down €28,356 (-61.7%), from €45,956 to €17,600
- Reserves -€7,492
down €7,492 (-12.1%), from €61,995 to €54,503
- Other debts -€4,000
down €4,000 (-16.0%), from €25,000 to €21,000
- Tax, wage and social debts -€3,012
down €3,012 (-89.8%), from €3,355 to €343
- Trade debts +€2,643
up €2,643 (+180%), from €1,469 to €4,112
- Depreciation +€11,967
up €11,967 (+32.9%), from €36,379 to €48,346
- Gross operating margin -€2,257
down €2,257 (-3.1%), from €73,533 to €71,276
- Taxes -€2,015
down €2,015 (-27.3%), from €7,367 to €5,352
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 | €183,684 | €144,514 | -€39,171 | -21.3% |
| Fixed assets | 21/28 | €150,884 | €106,596 | -€44,287 | -29.4% |
| Tangible fixed assets | 22/27 | €150,884 | €106,596 | -€44,287 | -29.4% |
| Plant, machinery and equipment | 23 | €8,645 | €10,092 | +€1,446 | +16.7% |
| Furniture and vehicles | 24 | €142,239 | €96,505 | -€45,734 | -32.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €32,800 | €37,917 | +€5,117 | +15.6% |
| Amounts receivable within one year | 40/41 | €18,621 | €21,229 | +€2,608 | +14.0% |
| Trade receivables | 40 | €13,398 | €16,920 | +€3,522 | +26.3% |
| Other amounts receivable | 41 | €5,223 | €4,308 | -€914 | -17.5% |
| Cash at bank and in hand | 54/58 | €11,100 | €13,881 | +€2,781 | +25.1% |
| Deferred charges and accrued income | 490/1 | €3,080 | €2,808 | -€272 | -8.8% |
| Total equity and liabilities | 10/49 | €183,684 | €144,514 | -€39,171 | -21.3% |
| Equity | 10/15 | €80,595 | €73,103 | -€7,492 | -9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,995 | €54,503 | -€7,492 | -12.1% |
| Distributable reserves | 133 | €61,995 | €54,503 | -€7,492 | -12.1% |
| Amounts payable | 17/49 | €103,089 | €71,410 | -€31,679 | -30.7% |
| Amounts payable after more than one year | 17 | €45,956 | €17,600 | -€28,356 | -61.7% |
| Financial debts | 170/4 | €45,956 | €17,600 | -€28,356 | -61.7% |
| Amounts payable within one year | 42/48 | €57,134 | €53,811 | -€3,323 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €27,310 | €28,356 | +€1,046 | +3.8% |
| Trade debts | 44 | €1,469 | €4,112 | +€2,643 | +180% |
| Suppliers | 440/4 | €1,469 | €4,112 | +€2,643 | +180% |
| Taxes, remuneration and social security | 45 | €3,355 | €343 | -€3,012 | -89.8% |
| Taxes | 450/3 | €3,355 | €343 | -€3,012 | -89.8% |
| Other amounts payable | 47/48 | €25,000 | €21,000 | -€4,000 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,379 | €48,346 | +€11,967 | +32.9% |
| Other operating charges | 640/8 | €1,382 | €1,733 | +€352 | +25.5% |
| Gross operating margin | 9900 | €73,533 | €71,276 | -€2,257 | -3.1% |
| Operating profit (loss) | 9901 | €35,772 | €21,197 | -€14,576 | -40.7% |
| Financial income | 75/76B | €84 | €77 | -€7 | -8.8% |
| Recurring financial income | 75 | €84 | €77 | -€7 | -8.8% |
| Financial charges | 65/66B | €2,710 | €2,413 | -€297 | -11.0% |
| Recurring financial charges | 65 | €2,710 | €2,413 | -€297 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €33,147 | €18,861 | -€14,286 | -43.1% |
| Income taxes | 67/77 | €7,367 | €5,352 | -€2,015 | -27.3% |
| Profit (loss) for the period | 9904 | €25,779 | €13,508 | -€12,271 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,779 | €13,508 | -€12,271 | -47.6% |
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 31 October 2026 via checked.be.