H-UP: 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-UP
Largest movements
- Cash +€87,068
up €87,068 (+11337.0%), from €768 to €87,836
mainly Net result for the year (+€76,991) and Tax, wage and social debts (+€20,667)
- Receivables within one year +€10,989
up €10,989 (+892.0%), from €1,232 to €12,221
of which Other amounts receivable: +€12,221
- Tangible fixed assets +€1,690
new in 2025: €1,690
- Formation expenses -€1,074
no longer reported in 2025 (was €1,074)
- Profit (loss) carried forward +€76,991
new in 2025: €76,991
- Tax, wage and social debts +€20,667
new in 2025: €20,667
- Gross operating margin +€98,730
new in 2025: €98,730
- Taxes +€19,305
new in 2025: €19,305
- Depreciation +€1,781
new in 2025: €1,781
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €3,074 | €101,747 | +€98,673 | +3209.9% |
| Formation expenses | 20 | €1,074 | - | -€1,074 | |
| Fixed assets | 21/28 | - | €1,690 | +€1,690 | |
| Tangible fixed assets | 22/27 | - | €1,690 | +€1,690 | |
| Plant, machinery and equipment | 23 | - | €1,690 | +€1,690 | |
| Current assets | 29/58 | €2,000 | €100,057 | +€98,057 | +4902.9% |
| Amounts receivable within one year | 40/41 | €1,232 | €12,221 | +€10,989 | +892.0% |
| Trade receivables | 40 | €1,232 | - | -€1,232 | |
| Other amounts receivable | 41 | - | €12,221 | +€12,221 | |
| Cash at bank and in hand | 54/58 | €768 | €87,836 | +€87,068 | +11337.0% |
| Total equity and liabilities | 10/49 | €3,074 | €101,747 | +€98,673 | +3209.9% |
| Equity | 10/15 | €2,000 | €78,991 | +€76,991 | +3849.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €76,991 | +€76,991 | |
| Amounts payable | 17/49 | €1,074 | €22,756 | +€21,682 | +2018.8% |
| Amounts payable within one year | 42/48 | €1,074 | €22,756 | +€21,682 | +2018.8% |
| Trade debts | 44 | €1,074 | €2,089 | +€1,015 | +94.5% |
| Suppliers | 440/4 | €1,074 | €2,089 | +€1,015 | +94.5% |
| Taxes, remuneration and social security | 45 | - | €20,667 | +€20,667 | |
| Taxes | 450/3 | - | €20,667 | +€20,667 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,781 | +€1,781 | |
| Other operating charges | 640/8 | - | €710 | +€710 | |
| Gross operating margin | 9900 | - | €98,730 | +€98,730 | |
| Operating profit (loss) | 9901 | - | €96,239 | +€96,239 | |
| Financial income | 75/76B | - | €230 | +€230 | |
| Recurring financial income | 75 | - | €230 | +€230 | |
| Financial charges | 65/66B | - | €173 | +€173 | |
| Recurring financial charges | 65 | - | €173 | +€173 | |
| Profit (loss) for the period before taxes | 9903 | - | €96,296 | +€96,296 | |
| Income taxes | 67/77 | - | €19,305 | +€19,305 | |
| Profit (loss) for the period | 9904 | - | €76,991 | +€76,991 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €76,991 | +€76,991 |
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 11 October 2026 via checked.be.