H-Pro: 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-Pro
Largest movements
- Cash -€86,415
down €86,415 (-53.1%), from €162,688 to €76,273
mainly Contributions, distributions and other (-€105,827) and Tax, wage and social debts (-€21,421)
- Receivables within one year +€13,474
up €13,474 (+665%), from €2,026 to €15,500
of which Other amounts receivable: +€15,500
- Stocks and contracts -€3,391
down €3,391 (-68.1%), from €4,977 to €1,586
- Deferred charges and accrued income +€2,442
up €2,442 (+120%), from €2,042 to €4,484
- Tangible fixed assets -€2,226
down €2,226 (-53.3%), from €4,178 to €1,952
of which Plant, machinery and equipment: -€1,892
- Reserves -€74,925
down €74,925 (-94.4%), from €79,401 to €4,476
- Other debts +€26,583
up €26,583 (+748%), from €3,553 to €30,135
- Tax, wage and social debts -€21,421
down €21,421 (-35.9%), from €59,707 to €38,286
of which Taxes: -€16,698
- Trade debts -€6,463
down €6,463 (-43.8%), from €14,770 to €8,307
- Gross operating margin +€16,893
up €16,893 (+9.7%), from €173,692 to €190,584
- Staff costs -€2,497
down €2,497 (-1.6%), from €152,710 to €150,213
- Other operating charges -€2,202
down €2,202 (-31.8%), from €6,930 to €4,728
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 | €176,497 | €100,381 | -€76,116 | -43.1% |
| Fixed assets | 21/28 | €4,764 | €2,538 | -€2,226 | -46.7% |
| Tangible fixed assets | 22/27 | €4,178 | €1,952 | -€2,226 | -53.3% |
| Plant, machinery and equipment | 23 | €3,448 | €1,556 | -€1,892 | -54.9% |
| Other tangible fixed assets | 26 | €730 | €396 | -€334 | -45.8% |
| Financial fixed assets | 28 | €586 | €586 | = | 0.0% |
| Current assets | 29/58 | €171,733 | €97,843 | -€73,890 | -43.0% |
| Stocks and contracts in progress | 3 | €4,977 | €1,586 | -€3,391 | -68.1% |
| Stocks | 30/36 | €4,977 | €1,586 | -€3,391 | -68.1% |
| Amounts receivable within one year | 40/41 | €2,026 | €15,500 | +€13,474 | +665% |
| Trade receivables | 40 | €2,026 | - | -€2,026 | |
| Other amounts receivable | 41 | - | €15,500 | +€15,500 | |
| Cash at bank and in hand | 54/58 | €162,688 | €76,273 | -€86,415 | -53.1% |
| Deferred charges and accrued income | 490/1 | €2,042 | €4,484 | +€2,442 | +120% |
| Total equity and liabilities | 10/49 | €176,497 | €100,381 | -€76,116 | -43.1% |
| Equity | 10/15 | €98,401 | €23,476 | -€74,925 | -76.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €79,401 | €4,476 | -€74,925 | -94.4% |
| Distributable reserves | 133 | €79,401 | €4,476 | -€74,925 | -94.4% |
| Amounts payable | 17/49 | €78,096 | €76,905 | -€1,191 | -1.5% |
| Amounts payable within one year | 42/48 | €78,030 | €76,728 | -€1,302 | -1.7% |
| Trade debts | 44 | €14,770 | €8,307 | -€6,463 | -43.8% |
| Suppliers | 440/4 | €14,770 | €8,307 | -€6,463 | -43.8% |
| Taxes, remuneration and social security | 45 | €59,707 | €38,286 | -€21,421 | -35.9% |
| Taxes | 450/3 | €35,317 | €18,620 | -€16,698 | -47.3% |
| Remuneration and social security | 454/9 | €24,390 | €19,666 | -€4,724 | -19.4% |
| Other amounts payable | 47/48 | €3,553 | €30,135 | +€26,583 | +748% |
| Accrued charges and deferred income | 492/3 | €66 | €176 | +€111 | +168% |
| Non-recurring operating income | 76A | - | €1,448 | +€1,448 | |
| Remuneration, social security and pensions | 62 | €152,710 | €150,213 | -€2,497 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,351 | €1,849 | -€502 | -21.4% |
| Other operating charges | 640/8 | €6,930 | €4,728 | -€2,202 | -31.8% |
| Non-recurring operating charges | 66A | - | €210 | +€210 | |
| Gross operating margin | 9900 | €173,692 | €190,584 | +€16,893 | +9.7% |
| Operating profit (loss) | 9901 | €11,700 | €33,585 | +€21,885 | +187% |
| Financial income | 75/76B | €19 | €0 | -€19 | -99.9% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -99.9% |
| Financial charges | 65/66B | €2,939 | €2,554 | -€385 | -13.1% |
| Recurring financial charges | 65 | €2,939 | €2,554 | -€385 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €8,781 | €31,031 | +€22,250 | +253% |
| Income taxes | 67/77 | €140 | €129 | -€11 | -7.9% |
| Profit (loss) for the period | 9904 | €8,641 | €30,902 | +€22,261 | +258% |
| Profit (loss) for the period to be appropriated | 9905 | €8,641 | €30,902 | +€22,261 | +258% |
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 15 October 2026 via checked.be.