H&SON: 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&SON
Largest movements
- Receivables within one year +€26,697
up €26,697 (+285.8%), from €9,342 to €36,038
- Cash +€4,655
up €4,655 (+34.7%), from €13,411 to €18,066
mainly Trade debts (+€30,130) and Other debts (+€646)
- Trade debts +€30,130
new in 2025: €30,130
- Other debts +€646
up €646, from €0 to €646
- Gross operating margin -€5,374
down €5,374 (-85.9%), from €6,256 to €883
- Taxes -€1,382
down €1,382 (-98.7%), from €1,401 to €19
- Financial charges +€141
up €141 (+96.0%), from €147 to €288
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 | €22,753 | €54,104 | +€31,351 | +137.8% |
| Current assets | 29/58 | €22,753 | €54,104 | +€31,351 | +137.8% |
| Amounts receivable within one year | 40/41 | €9,342 | €36,038 | +€26,697 | +285.8% |
| Other amounts receivable | 41 | €9,342 | €36,038 | +€26,697 | +285.8% |
| Cash at bank and in hand | 54/58 | €13,411 | €18,066 | +€4,655 | +34.7% |
| Total equity and liabilities | 10/49 | €22,753 | €54,104 | +€31,351 | +137.8% |
| Equity | 10/15 | €22,753 | €22,809 | +€56 | +0.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €4,203 | €4,259 | +€56 | +1.3% |
| Distributable reserves | 133 | €4,203 | €4,259 | +€56 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €0 | €31,295 | +€31,295 | |
| Amounts payable within one year | 42/48 | €0 | €30,776 | +€30,776 | |
| Trade debts | 44 | - | €30,130 | +€30,130 | |
| Suppliers | 440/4 | - | €30,130 | +€30,130 | |
| Other amounts payable | 47/48 | €0 | €646 | +€646 | |
| Accrued charges and deferred income | 492/3 | - | €520 | +€520 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €6,256 | €883 | -€5,374 | -85.9% |
| Operating profit (loss) | 9901 | €5,751 | €363 | -€5,388 | -93.7% |
| Financial charges | 65/66B | €147 | €288 | +€141 | +96.0% |
| Recurring financial charges | 65 | €147 | €288 | +€141 | +96.0% |
| Profit (loss) for the period before taxes | 9903 | €5,604 | €75 | -€5,529 | -98.7% |
| Income taxes | 67/77 | €1,401 | €19 | -€1,382 | -98.7% |
| Profit (loss) for the period | 9904 | €4,203 | €56 | -€4,147 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,203 | €56 | -€4,147 | -98.7% |
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 6 October 2026 via checked.be.