H TENDANCES: 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 TENDANCES
Largest movements
- Stocks and contracts -€5,000
no longer reported in 2025 (was €5,000)
- Cash -€3,522
down €3,522 (-89.9%), from €3,918 to €396
mainly Other debts (-€12,602) and Tax, wage and social debts (-€8,813)
- Financial fixed assets -€3,413
down €3,413 (-94.1%), from €3,628 to €216
- Tangible fixed assets -€2,791
down €2,791 (-34.2%), from €8,162 to €5,371
of which Other tangible fixed assets: -€2,259
- Receivables within one year +€1,518
new in 2025: €1,518
- Profit (loss) carried forward +€16,824
up €16,824 (+15.5%), from -€108,438 to -€91,614
- Other debts -€12,602
down €12,602 (-14.6%), from €86,212 to €73,610
- Tax, wage and social debts -€8,813
down €8,813 (-62.6%), from €14,079 to €5,267
of which Taxes: -€6,335
- Current portion of long-term debt -€8,602
down €8,602 (-82.5%), from €10,422 to €1,821
- Debts after one year -€1,821
no longer reported in 2025 (was €1,821)
- Gross operating margin -€6,636
down €6,636 (-19.4%), from €34,259 to €27,623
- Staff costs -€4,615
down €4,615 (-48.6%), from €9,506 to €4,891
- Other operating charges -€1,600
down €1,600 (-54.1%), from €2,956 to €1,356
- Depreciation -€689
down €689 (-16.2%), from €4,261 to €3,571
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 | €22,908 | €7,684 | -€15,225 | -66.5% |
| Fixed assets | 21/28 | €12,663 | €5,679 | -€6,984 | -55.2% |
| Intangible fixed assets | 21 | €872 | €91 | -€780 | -89.5% |
| Tangible fixed assets | 22/27 | €8,162 | €5,371 | -€2,791 | -34.2% |
| Furniture and vehicles | 24 | €532 | - | -€532 | |
| Other tangible fixed assets | 26 | €7,630 | €5,371 | -€2,259 | -29.6% |
| Financial fixed assets | 28 | €3,628 | €216 | -€3,413 | -94.1% |
| Current assets | 29/58 | €10,246 | €2,005 | -€8,241 | -80.4% |
| Stocks and contracts in progress | 3 | €5,000 | - | -€5,000 | |
| Stocks | 30/36 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | - | €1,518 | +€1,518 | |
| Trade receivables | 40 | - | €1,518 | +€1,518 | |
| Cash at bank and in hand | 54/58 | €3,918 | €396 | -€3,522 | -89.9% |
| Deferred charges and accrued income | 490/1 | €1,328 | €91 | -€1,236 | -93.1% |
| Total equity and liabilities | 10/49 | €22,908 | €7,684 | -€15,225 | -66.5% |
| Equity | 10/15 | -€89,838 | -€73,014 | +€16,824 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,438 | -€91,614 | +€16,824 | +15.5% |
| Amounts payable | 17/49 | €112,746 | €80,698 | -€32,049 | -28.4% |
| Amounts payable after more than one year | 17 | €1,821 | - | -€1,821 | |
| Financial debts | 170/4 | €1,821 | - | -€1,821 | |
| Amounts payable within one year | 42/48 | €110,888 | €80,698 | -€30,191 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €10,422 | €1,821 | -€8,602 | -82.5% |
| Trade debts | 44 | €175 | - | -€175 | |
| Suppliers | 440/4 | €175 | - | -€175 | |
| Taxes, remuneration and social security | 45 | €14,079 | €5,267 | -€8,813 | -62.6% |
| Taxes | 450/3 | €11,602 | €5,267 | -€6,335 | -54.6% |
| Remuneration and social security | 454/9 | €2,477 | - | -€2,477 | |
| Other amounts payable | 47/48 | €86,212 | €73,610 | -€12,602 | -14.6% |
| Accrued charges and deferred income | 492/3 | €38 | - | -€38 | |
| Remuneration, social security and pensions | 62 | €9,506 | €4,891 | -€4,615 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,261 | €3,571 | -€689 | -16.2% |
| Other operating charges | 640/8 | €2,956 | €1,356 | -€1,600 | -54.1% |
| Gross operating margin | 9900 | €34,259 | €27,623 | -€6,636 | -19.4% |
| Operating profit (loss) | 9901 | €17,536 | €17,805 | +€269 | +1.5% |
| Financial income | 75/76B | €116 | - | -€116 | |
| Recurring financial income | 75 | €116 | - | -€116 | |
| Financial charges | 65/66B | €747 | €981 | +€234 | +31.3% |
| Recurring financial charges | 65 | €747 | €981 | +€234 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €16,905 | €16,824 | -€81 | -0.5% |
| Income taxes | 67/77 | -€3 | - | +€3 | |
| Profit (loss) for the period | 9904 | €16,908 | €16,824 | -€84 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,908 | €16,824 | -€84 | -0.5% |
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 13 October 2026 via checked.be.