H-Point: what changed
H-Point
Largest movements
- Receivables within one year +€35,928
up €35,928 (+93.6%), from €38,376 to €74,304
of which Trade receivables: +€42,378
- Stocks and contracts +€11,000
up €11,000 (+36.5%), from €30,170 to €41,170
- Tangible fixed assets +€2,106
up €2,106 (+3.2%), from €65,466 to €67,572
of which Plant, machinery and equipment: +€2,106
- Tax, wage and social debts +€31,883
up €31,883 (+222%), from €14,357 to €46,240
of which Taxes: +€30,826
- Trade debts +€27,818
up €27,818 (+96.4%), from €28,847 to €56,665
- Profit (loss) carried forward -€10,667
down €10,667 (-19.6%), from €54,559 to €43,892
- Gross operating margin -€15,390
down €15,390 (-23.6%), from €65,096 to €49,706
- Staff costs +€12,190
up €12,190 (+30.7%), from €39,652 to €51,842
- Depreciation -€9,623
no longer reported in 2025 (was €9,623)
- Taxes -€2,605
down €2,605 (-40.0%), from €6,507 to €3,902
- Financial charges +€785
up €785 (+358%), from €219 to €1,004
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,012 | €183,046 | +€49,034 | +36.6% |
| Fixed assets | 21/28 | €65,466 | €67,572 | +€2,106 | +3.2% |
| Tangible fixed assets | 22/27 | €65,466 | €67,572 | +€2,106 | +3.2% |
| Land and buildings | 22 | €18,955 | €18,955 | = | 0.0% |
| Plant, machinery and equipment | 23 | €33,517 | €35,623 | +€2,106 | +6.3% |
| Furniture and vehicles | 24 | €12,994 | €12,994 | = | 0.0% |
| Current assets | 29/58 | €68,546 | €115,474 | +€46,928 | +68.5% |
| Stocks and contracts in progress | 3 | €30,170 | €41,170 | +€11,000 | +36.5% |
| Stocks | 30/36 | €30,170 | €41,170 | +€11,000 | +36.5% |
| Amounts receivable within one year | 40/41 | €38,376 | €74,304 | +€35,928 | +93.6% |
| Trade receivables | 40 | €31,926 | €74,304 | +€42,378 | +133% |
| Other amounts receivable | 41 | €6,450 | - | -€6,450 | |
| Total equity and liabilities | 10/49 | €134,012 | €183,046 | +€49,034 | +36.6% |
| Equity | 10/15 | €75,160 | €64,493 | -€10,667 | -14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,001 | €2,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €141 | €141 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,559 | €43,892 | -€10,667 | -19.6% |
| Amounts payable | 17/49 | €58,852 | €118,553 | +€59,701 | +101% |
| Amounts payable within one year | 42/48 | €58,852 | €118,553 | +€59,701 | +101% |
| Trade debts | 44 | €28,847 | €56,665 | +€27,818 | +96.4% |
| Suppliers | 440/4 | €28,847 | €56,665 | +€27,818 | +96.4% |
| Taxes, remuneration and social security | 45 | €14,357 | €46,240 | +€31,883 | +222% |
| Taxes | 450/3 | €9,271 | €40,097 | +€30,826 | +332% |
| Remuneration and social security | 454/9 | €5,086 | €6,143 | +€1,057 | +20.8% |
| Other amounts payable | 47/48 | €15,648 | €15,648 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,652 | €51,842 | +€12,190 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,623 | - | -€9,623 | |
| Other operating charges | 640/8 | €3,551 | €3,625 | +€74 | +2.1% |
| Gross operating margin | 9900 | €65,096 | €49,706 | -€15,390 | -23.6% |
| Operating profit (loss) | 9901 | €12,270 | -€5,761 | -€18,031 | |
| Financial charges | 65/66B | €219 | €1,004 | +€785 | +358% |
| Recurring financial charges | 65 | €219 | €1,004 | +€785 | +358% |
| Profit (loss) for the period before taxes | 9903 | €12,051 | -€6,765 | -€18,816 | |
| Income taxes | 67/77 | €6,507 | €3,902 | -€2,605 | -40.0% |
| Profit (loss) for the period | 9904 | €5,544 | -€10,667 | -€16,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,544 | -€10,667 | -€16,211 |
Next steps
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 2 November 2026 via checked.be.