H & S & Partners: what changed
H & S & Partners
Largest movements
- Current investments -€15,014
down €15,014 (-58.6%), from €25,603 to €10,589
- Cash +€9,294
up €9,294 (+1,569%), from €592 to €9,887
mainly Current investments (+€15,014) and Net result for the year (+€8,695)
- Tangible fixed assets +€1,785
new in 2025: €1,785
- Receivables within one year +€963
up €963 (+2.4%), from €40,248 to €41,211
of which Trade receivables: +€1,000
- Trade debts -€13,528
down €13,528 (-47.3%), from €28,604 to €15,076
- Reserves +€8,695
up €8,695 (+29.5%), from €29,434 to €38,128
of which Distributable reserves: +€8,695
- Tax, wage and social debts +€2,720
up €2,720 (+287%), from €948 to €3,668
- Short-term financial debts -€858
down €858 (-100%), from €858 to €0
- Gross operating margin +€12,580
up €12,580 (+260%), from €4,846 to €17,426
- Taxes +€3,212
up €3,212 (+1,039%), from €309 to €3,522
- Financial charges +€2,280
up €2,280 (+96.2%), from €2,369 to €4,649
- Financial income -€1,868
down €1,868 (-55.0%), from €3,397 to €1,529
- Other operating charges +€422
up €422 (+28.1%), from €1,502 to €1,924
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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,444 | €63,472 | -€2,972 | -4.5% |
| Fixed assets | 21/28 | - | €1,785 | +€1,785 | |
| Tangible fixed assets | 22/27 | - | €1,785 | +€1,785 | |
| Furniture and vehicles | 24 | - | €1,785 | +€1,785 | |
| Current assets | 29/58 | €66,444 | €61,687 | -€4,757 | -7.2% |
| Amounts receivable within one year | 40/41 | €40,248 | €41,211 | +€963 | +2.4% |
| Trade receivables | 40 | €14,000 | €15,000 | +€1,000 | +7.1% |
| Other amounts receivable | 41 | €26,248 | €26,211 | -€37 | -0.1% |
| Current investments | 50/53 | €25,603 | €10,589 | -€15,014 | -58.6% |
| Cash at bank and in hand | 54/58 | €592 | €9,887 | +€9,294 | +1,569% |
| Total equity and liabilities | 10/49 | €66,444 | €63,472 | -€2,972 | -4.5% |
| Equity | 10/15 | €36,034 | €44,729 | +€8,695 | +24.1% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €29,434 | €38,128 | +€8,695 | +29.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €27,574 | €36,269 | +€8,695 | +31.5% |
| Amounts payable | 17/49 | €30,410 | €18,743 | -€11,667 | -38.4% |
| Amounts payable within one year | 42/48 | €30,410 | €18,743 | -€11,667 | -38.4% |
| Financial debts | 43 | €858 | €0 | -€858 | -100% |
| Credit institutions | 430/8 | €858 | €0 | -€858 | -100% |
| Trade debts | 44 | €28,604 | €15,076 | -€13,528 | -47.3% |
| Suppliers | 440/4 | €28,604 | €15,076 | -€13,528 | -47.3% |
| Taxes, remuneration and social security | 45 | €948 | €3,668 | +€2,720 | +287% |
| Taxes | 450/3 | €948 | €3,668 | +€2,720 | +287% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €164 | +€164 | |
| Other operating charges | 640/8 | €1,502 | €1,924 | +€422 | +28.1% |
| Gross operating margin | 9900 | €4,846 | €17,426 | +€12,580 | +260% |
| Operating profit (loss) | 9901 | €3,343 | €15,337 | +€11,993 | +359% |
| Financial income | 75/76B | €3,397 | €1,529 | -€1,868 | -55.0% |
| Recurring financial income | 75 | €3,397 | €1,529 | -€1,868 | -55.0% |
| Financial charges | 65/66B | €2,369 | €4,649 | +€2,280 | +96.2% |
| Recurring financial charges | 65 | €2,369 | €4,649 | +€2,280 | +96.2% |
| Profit (loss) for the period before taxes | 9903 | €4,371 | €12,216 | +€7,845 | +179% |
| Income taxes | 67/77 | €309 | €3,522 | +€3,212 | +1,039% |
| Profit (loss) for the period | 9904 | €4,062 | €8,695 | +€4,633 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €4,062 | €8,695 | +€4,633 | +114% |
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.