H&O concept: 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&O concept
Largest movements
- Tangible fixed assets +€15,588
up €15,588 (+1,440%), from €1,083 to €16,670
of which Furniture and vehicles: +€15,708
- Receivables within one year +€4,259
up €4,259 (+40.5%), from €10,527 to €14,786
of which Trade receivables: +€4,711
- Cash +€1,984
up €1,984 (+926%), from €214 to €2,198
mainly Other debts (+€43,530) and Trade debts (+€9,209)
- Other debts +€43,530
up €43,530 (+76.8%), from €56,689 to €100,219
- Profit (loss) carried forward -€37,858
down €37,858 (-89.4%), from -€42,365 to -€80,223
- Trade debts +€9,209
new in 2025: €9,209
- Tax, wage and social debts +€6,560
new in 2025: €6,560
- Advances received +€391
new in 2025: €391
- Staff costs +€13,421
new in 2025: €13,421
- Gross operating margin -€4,179
down €4,179 (-24.2%), from -€17,277 to -€21,456
- Depreciation +€2,499
up €2,499 (+2,076%), from €120 to €2,619
- Other operating charges +€348
new in 2025: €348
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 | €14,324 | €36,155 | +€21,831 | +152% |
| Fixed assets | 21/28 | €3,583 | €19,170 | +€15,588 | +435% |
| Tangible fixed assets | 22/27 | €1,083 | €16,670 | +€15,588 | +1,440% |
| Plant, machinery and equipment | 23 | €1,083 | €962 | -€120 | -11.1% |
| Furniture and vehicles | 24 | - | €15,708 | +€15,708 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €10,741 | €16,984 | +€6,243 | +58.1% |
| Amounts receivable within one year | 40/41 | €10,527 | €14,786 | +€4,259 | +40.5% |
| Trade receivables | 40 | €9,777 | €14,488 | +€4,711 | +48.2% |
| Other amounts receivable | 41 | €750 | €298 | -€452 | -60.3% |
| Cash at bank and in hand | 54/58 | €214 | €2,198 | +€1,984 | +926% |
| Total equity and liabilities | 10/49 | €14,324 | €36,155 | +€21,831 | +152% |
| Equity | 10/15 | -€42,365 | -€80,223 | -€37,858 | -89.4% |
| Profit (loss) carried forward | 14 | -€42,365 | -€80,223 | -€37,858 | -89.4% |
| Amounts payable | 17/49 | €56,689 | €116,378 | +€59,689 | +105% |
| Amounts payable within one year | 42/48 | €56,689 | €116,378 | +€59,689 | +105% |
| Trade debts | 44 | - | €9,209 | +€9,209 | |
| Suppliers | 440/4 | - | €9,209 | +€9,209 | |
| Advances received on contracts in progress | 46 | - | €391 | +€391 | |
| Taxes, remuneration and social security | 45 | - | €6,560 | +€6,560 | |
| Remuneration and social security | 454/9 | - | €6,560 | +€6,560 | |
| Other amounts payable | 47/48 | €56,689 | €100,219 | +€43,530 | +76.8% |
| Remuneration, social security and pensions | 62 | - | €13,421 | +€13,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120 | €2,619 | +€2,499 | +2,076% |
| Other operating charges | 640/8 | - | €348 | +€348 | |
| Gross operating margin | 9900 | -€17,277 | -€21,456 | -€4,179 | -24.2% |
| Operating profit (loss) | 9901 | -€17,398 | -€37,845 | -€20,447 | -118% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €44 | €20 | -€24 | -54.0% |
| Recurring financial charges | 65 | €44 | €20 | -€24 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,441 | -€37,858 | -€20,417 | -117% |
| Profit (loss) for the period | 9904 | -€17,441 | -€37,858 | -€20,417 | -117% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,441 | -€37,858 | -€20,417 | -117% |
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 14 October 2026 via checked.be.