H-OPS: what changed
Two fiscal 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-OPS
Largest movements
- Current investments +€27,023
new in 2025: €27,023
- Tangible fixed assets +€2,841
up €2,841 (+65.6%), from €4,330 to €7,171
of which Furniture and vehicles: +€2,706
- Cash -€1,527
down €1,527 (-15.6%), from €9,789 to €8,262
mainly Current investments (-€27,023) and Investment in fixed assets (net) (-€4,260)
- Receivables within one year -€701
down €701 (-6.3%), from €11,206 to €10,504
of which Trade receivables: -€412
- Reserves +€51,450
new in 2025: €51,450
- Profit (loss) carried forward -€20,011
down €20,011 (-100.0%), from €20,011 to €0
- Tax, wage and social debts -€2,220
down €2,220 (-94.9%), from €2,340 to €119
of which Taxes: -€2,220
- Short-term financial debts -€1,254
down €1,254 (-63.3%), from €1,981 to €727
- Trade debts -€971
down €971 (-35.4%), from €2,740 to €1,770
- Gross operating margin +€2,669
up €2,669 (+6.7%), from €39,737 to €42,405
- Depreciation +€454
up €454 (+47.0%), from €965 to €1,419
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.
Cash bridge derived
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 | €29,073 | €56,806 | +€27,733 | +95.4% |
| Fixed assets | 21/28 | €4,330 | €7,171 | +€2,841 | +65.6% |
| Tangible fixed assets | 22/27 | €4,330 | €7,171 | +€2,841 | +65.6% |
| Plant, machinery and equipment | 23 | €2,784 | €2,919 | +€135 | +4.9% |
| Furniture and vehicles | 24 | €1,546 | €4,252 | +€2,706 | +175.0% |
| Current assets | 29/58 | €24,743 | €49,635 | +€24,892 | +100.6% |
| Amounts receivable within one year | 40/41 | €11,206 | €10,504 | -€701 | -6.3% |
| Trade receivables | 40 | €6,085 | €5,672 | -€412 | -6.8% |
| Other amounts receivable | 41 | €5,121 | €4,832 | -€289 | -5.6% |
| Current investments | 50/53 | - | €27,023 | +€27,023 | |
| Cash at bank and in hand | 54/58 | €9,789 | €8,262 | -€1,527 | -15.6% |
| Deferred charges and accrued income | 490/1 | €3,748 | €3,845 | +€98 | +2.6% |
| Total equity and liabilities | 10/49 | €29,073 | €56,806 | +€27,733 | +95.4% |
| Equity | 10/15 | €22,011 | €53,450 | +€31,439 | +142.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €51,450 | +€51,450 | |
| Distributable reserves | 133 | - | €51,450 | +€51,450 | |
| Profit (loss) carried forward | 14 | €20,011 | €0 | -€20,011 | -100.0% |
| Amounts payable | 17/49 | €7,061 | €3,356 | -€3,706 | -52.5% |
| Amounts payable within one year | 42/48 | €7,061 | €3,356 | -€3,706 | -52.5% |
| Financial debts | 43 | €1,981 | €727 | -€1,254 | -63.3% |
| Credit institutions | 430/8 | €1,981 | €727 | -€1,254 | -63.3% |
| Trade debts | 44 | €2,740 | €1,770 | -€971 | -35.4% |
| Suppliers | 440/4 | €2,740 | €1,770 | -€971 | -35.4% |
| Taxes, remuneration and social security | 45 | €2,340 | €119 | -€2,220 | -94.9% |
| Taxes | 450/3 | €2,340 | €119 | -€2,220 | -94.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €739 | +€739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €1,419 | +€454 | +47.0% |
| Other operating charges | 640/8 | €364 | €374 | +€10 | +2.8% |
| Non-recurring operating charges | 66A | - | €677 | +€677 | |
| Gross operating margin | 9900 | €39,737 | €42,405 | +€2,669 | +6.7% |
| Operating profit (loss) | 9901 | €38,408 | €39,936 | +€1,528 | +4.0% |
| Financial income | 75/76B | €46 | €40 | -€6 | -13.0% |
| Recurring financial income | 75 | €46 | €40 | -€6 | -13.0% |
| Financial charges | 65/66B | €103 | €69 | -€35 | -33.6% |
| Recurring financial charges | 65 | €103 | €69 | -€35 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €38,351 | €39,907 | +€1,556 | +4.1% |
| Income taxes | 67/77 | €8,340 | €8,469 | +€129 | +1.5% |
| Profit (loss) for the period | 9904 | €30,011 | €31,439 | +€1,427 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,011 | €31,439 | +€1,427 | +4.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.