H & N Holding: what changed
What changed
H & N Holding
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€47,224
2024 · €15,438+€31,786
Equity
-€113,652
2024 · -€160,876+€47,224
Cash
€8,253
2024 · €6,688+€1,565
Balance sheet total
€89,703
2024 · €55,706+€33,997
Largest movements
Assets
- Receivables within one year +€22,891
up €22,891 (+1,607%), from €1,425 to €24,316
of which Trade receivables: +€22,891
- Deferred charges and accrued income +€10,071
up €10,071 (+63.5%), from €15,864 to €25,934
- Cash +€1,565
up €1,565 (+23.4%), from €6,688 to €8,253
mainly Trade debts (+€62,480) and Net result for the year (+€47,224)
Equity and liabilities
- Debts after one year -€80,796
down €80,796 (-61.8%), from €130,796 to €50,000
- Trade debts +€62,480
up €62,480 (+9,076%), from €688 to €63,169
- Profit (loss) carried forward +€47,224
up €47,224 (+19.7%), from -€239,338 to -€192,114
- Other debts +€10,964
up €10,964 (+21.4%), from €51,203 to €62,167
- Advances received -€6,445
down €6,445 (-21.9%), from €29,445 to €23,000
Income statement
- Gross operating margin +€22,024
up €22,024 (+815%), from €2,703 to €24,727
- Financial income +€9,885
up €9,885 (+65.4%), from €15,115 to €25,000
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.
Result 2024
€15,438
Gross operating margin
+€22,024
Depreciation
-€0
Other operating charges
+€49
Financial income
+€9,885
Financial charges
-€172
Result 2025
€47,224
raises the resultlowers the result
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.
From operations
+€82,362
Investment
€0
Financing
-€80,796
Cash 2024
€6,688
From operations (derived)
+€82,362
Net result for the year
+€47,224
Depreciation
+€531
Receivables within one year
-€22,891
Deferred charges and accrued income
-€10,071
Trade debts
+€62,480
Tax, wage and social debts
-€1,177
Advances received
-€6,445
Other debts
+€10,964
Accrued charges and deferred income
+€1,746
Financing
-€80,796
Debts after one year
-€80,796
Cash 2025
€8,253
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,706 | €89,703 | +€33,997 | +61.0% |
| Fixed assets | 21/28 | €31,730 | €31,199 | -€531 | -1.7% |
| Tangible fixed assets | 22/27 | €1,730 | €1,199 | -€531 | -30.7% |
| Furniture and vehicles | 24 | €1,730 | €1,199 | -€531 | -30.7% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €23,976 | €58,503 | +€34,527 | +144% |
| Amounts receivable within one year | 40/41 | €1,425 | €24,316 | +€22,891 | +1,607% |
| Trade receivables | 40 | €1,413 | €24,304 | +€22,891 | +1,620% |
| Other amounts receivable | 41 | €12 | €12 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,688 | €8,253 | +€1,565 | +23.4% |
| Deferred charges and accrued income | 490/1 | €15,864 | €25,934 | +€10,071 | +63.5% |
| Total equity and liabilities | 10/49 | €55,706 | €89,703 | +€33,997 | +61.0% |
| Equity | 10/15 | -€160,876 | -€113,652 | +€47,224 | +29.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €13,461 | €13,461 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,461 | €5,461 | = | 0.0% |
| Legal reserve | 130 | €5,461 | €5,461 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,338 | -€192,114 | +€47,224 | +19.7% |
| Amounts payable | 17/49 | €216,582 | €203,355 | -€13,227 | -6.1% |
| Amounts payable after more than one year | 17 | €130,796 | €50,000 | -€80,796 | -61.8% |
| Financial debts | 170/4 | €130,796 | €50,000 | -€80,796 | -61.8% |
| Amounts payable within one year | 42/48 | €85,130 | €150,952 | +€65,823 | +77.3% |
| Trade debts | 44 | €688 | €63,169 | +€62,480 | +9,076% |
| Suppliers | 440/4 | €688 | €63,169 | +€62,480 | +9,076% |
| Advances received on contracts in progress | 46 | €29,445 | €23,000 | -€6,445 | -21.9% |
| Taxes, remuneration and social security | 45 | €3,793 | €2,616 | -€1,177 | -31.0% |
| Taxes | 450/3 | €3,793 | €2,616 | -€1,177 | -31.0% |
| Other amounts payable | 47/48 | €51,203 | €62,167 | +€10,964 | +21.4% |
| Accrued charges and deferred income | 492/3 | €657 | €2,403 | +€1,746 | +266% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €531 | €531 | +€0 | 0.0% |
| Other operating charges | 640/8 | €569 | €520 | -€49 | -8.7% |
| Gross operating margin | 9900 | €2,703 | €24,727 | +€22,024 | +815% |
| Operating profit (loss) | 9901 | €1,604 | €23,677 | +€22,073 | +1,376% |
| Financial income | 75/76B | €15,115 | €25,000 | +€9,885 | +65.4% |
| Recurring financial income | 75 | €15,115 | €25,000 | +€9,885 | +65.4% |
| Financial charges | 65/66B | €1,281 | €1,453 | +€172 | +13.5% |
| Recurring financial charges | 65 | €1,281 | €1,453 | +€172 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €15,438 | €47,224 | +€31,786 | +206% |
| Profit (loss) for the period | 9904 | €15,438 | €47,224 | +€31,786 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €15,438 | €47,224 | +€31,786 | +206% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.