H T R: 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 T R
Largest movements
- Cash -€7,849
down €7,849 (-51.0%), from €15,401 to €7,551
mainly Trade debts (-€7,898) and Other debts (-€5,034)
- Tangible fixed assets -€6,364
down €6,364 (-6.4%), from €99,711 to €93,348
of which Land and buildings: -€5,014
- Receivables within one year +€1,374
new in 2025: €1,374
- Trade debts -€7,898
down €7,898 (-28.7%), from €27,523 to €19,625
- Other debts -€5,034
down €5,034 (-13.8%), from €36,556 to €31,522
- Profit (loss) carried forward -€1,614
down €1,614 (-6.2%), from €26,230 to €24,616
- Gross operating margin -€11,596
down €11,596 (-48.5%), from €23,887 to €12,292
- Financial charges +€825
up €825 (+84.2%), from €980 to €1,805
- Taxes -€449
down €449 (-11.8%), from €3,807 to €3,358
- Other operating charges -€431
down €431 (-15.9%), from €2,709 to €2,279
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 | €118,431 | €104,952 | -€13,479 | -11.4% |
| Fixed assets | 21/28 | €99,911 | €93,548 | -€6,364 | -6.4% |
| Tangible fixed assets | 22/27 | €99,711 | €93,348 | -€6,364 | -6.4% |
| Land and buildings | 22 | €94,584 | €89,569 | -€5,014 | -5.3% |
| Furniture and vehicles | 24 | €2,232 | €1,326 | -€906 | -40.6% |
| Other tangible fixed assets | 26 | €2,896 | €2,453 | -€443 | -15.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €18,520 | €11,404 | -€7,115 | -38.4% |
| Amounts receivable within one year | 40/41 | - | €1,374 | +€1,374 | |
| Other amounts receivable | 41 | - | €1,374 | +€1,374 | |
| Cash at bank and in hand | 54/58 | €15,401 | €7,551 | -€7,849 | -51.0% |
| Deferred charges and accrued income | 490/1 | €3,119 | €2,478 | -€640 | -20.5% |
| Total equity and liabilities | 10/49 | €118,431 | €104,952 | -€13,479 | -11.4% |
| Equity | 10/15 | €46,681 | €45,067 | -€1,614 | -3.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,230 | €24,616 | -€1,614 | -6.2% |
| Amounts payable | 17/49 | €71,751 | €59,885 | -€11,865 | -16.5% |
| Amounts payable within one year | 42/48 | €71,751 | €59,885 | -€11,865 | -16.5% |
| Trade debts | 44 | €27,523 | €19,625 | -€7,898 | -28.7% |
| Suppliers | 440/4 | €27,523 | €19,625 | -€7,898 | -28.7% |
| Taxes, remuneration and social security | 45 | €7,672 | €8,738 | +€1,066 | +13.9% |
| Taxes | 450/3 | €6,672 | €6,238 | -€434 | -6.5% |
| Remuneration and social security | 454/9 | €1,000 | €2,500 | +€1,500 | +150% |
| Other amounts payable | 47/48 | €36,556 | €31,522 | -€5,034 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,525 | €6,364 | -€161 | -2.5% |
| Other operating charges | 640/8 | €2,709 | €2,279 | -€431 | -15.9% |
| Non-recurring operating charges | 66A | €93 | €100 | +€7 | +7.4% |
| Gross operating margin | 9900 | €23,887 | €12,292 | -€11,596 | -48.5% |
| Operating profit (loss) | 9901 | €14,560 | €3,549 | -€11,011 | -75.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €980 | €1,805 | +€825 | +84.2% |
| Recurring financial charges | 65 | €980 | €1,805 | +€825 | +84.2% |
| Profit (loss) for the period before taxes | 9903 | €13,580 | €1,744 | -€11,836 | -87.2% |
| Income taxes | 67/77 | €3,807 | €3,358 | -€449 | -11.8% |
| Profit (loss) for the period | 9904 | €9,773 | -€1,614 | -€11,387 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,773 | -€1,614 | -€11,387 |
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 30 October 2026 via checked.be.