H & S Engineering: 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 & S Engineering
Largest movements
- Receivables within one year -€30,491
down €30,491 (-19.7%), from €154,824 to €124,333
of which Trade receivables: -€32,670
- Cash -€9,584
down €9,584 (-25.8%), from €37,176 to €27,592
mainly Net result for the year (-€39,395) and Trade debts (-€1,873)
- Profit (loss) carried forward -€39,395
down €39,395 (-16.2%), from €243,500 to €204,106
- Staff costs +€3,326
up €3,326 (+4.6%), from €72,357 to €75,683
- Gross operating margin +€556
up €556 (+1.6%), from €35,051 to €35,607
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 | €296,517 | €256,123 | -€40,395 | -13.6% |
| Fixed assets | 21/28 | €104,197 | €104,197 | = | 0.0% |
| Financial fixed assets | 28 | €104,197 | €104,197 | = | 0.0% |
| Current assets | 29/58 | €192,320 | €151,925 | -€40,395 | -21.0% |
| Amounts receivable within one year | 40/41 | €154,824 | €124,333 | -€30,491 | -19.7% |
| Trade receivables | 40 | €89,922 | €57,252 | -€32,670 | -36.3% |
| Other amounts receivable | 41 | €64,902 | €67,082 | +€2,179 | +3.4% |
| Cash at bank and in hand | 54/58 | €37,176 | €27,592 | -€9,584 | -25.8% |
| Deferred charges and accrued income | 490/1 | €320 | - | -€320 | |
| Total equity and liabilities | 10/49 | €296,517 | €256,123 | -€40,395 | -13.6% |
| Equity | 10/15 | €263,960 | €224,566 | -€39,395 | -14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €243,500 | €204,106 | -€39,395 | -16.2% |
| Amounts payable | 17/49 | €32,557 | €31,557 | -€1,000 | -3.1% |
| Amounts payable within one year | 42/48 | €32,557 | €31,557 | -€1,000 | -3.1% |
| Trade debts | 44 | €10,823 | €8,949 | -€1,873 | -17.3% |
| Suppliers | 440/4 | €10,823 | €8,949 | -€1,873 | -17.3% |
| Taxes, remuneration and social security | 45 | €21,734 | €22,608 | +€873 | +4.0% |
| Taxes | 450/3 | €5,324 | €5,337 | +€13 | +0.2% |
| Remuneration and social security | 454/9 | €16,410 | €17,270 | +€860 | +5.2% |
| Remuneration, social security and pensions | 62 | €72,357 | €75,683 | +€3,326 | +4.6% |
| Other operating charges | 640/8 | €628 | €799 | +€171 | +27.3% |
| Gross operating margin | 9900 | €35,051 | €35,607 | +€556 | +1.6% |
| Operating profit (loss) | 9901 | -€37,934 | -€40,876 | -€2,941 | -7.8% |
| Financial income | 75/76B | €3,932 | €3,627 | -€306 | -7.8% |
| Recurring financial income | 75 | €3,932 | €3,627 | -€306 | -7.8% |
| Financial charges | 65/66B | €2,089 | €2,146 | +€57 | +2.7% |
| Recurring financial charges | 65 | €2,089 | €2,146 | +€57 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,091 | -€39,395 | -€3,304 | -9.2% |
| Income taxes | 67/77 | €84 | - | -€84 | |
| Profit (loss) for the period | 9904 | -€36,174 | -€39,395 | -€3,221 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,174 | -€39,395 | -€3,221 | -8.9% |
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 12 October 2026 via checked.be.