H&Y: 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&Y
Largest movements
- Tangible fixed assets -€7,881
down €7,881 (-32.3%), from €24,413 to €16,532
of which Furniture and vehicles: -€7,253
- Profit (loss) carried forward +€11,838
up €11,838 (+2,994%), from €395 to €12,233
- Debts after one year -€8,907
down €8,907 (-4.2%), from €213,523 to €204,617
- Financial charges -€10,340
down €10,340 (-91.5%), from €11,306 to €966
- Gross operating margin +€6,268
up €6,268 (+29.5%), from €21,243 to €27,511
- Taxes +€3,385
up €3,385 (+508%), from €666 to €4,051
- Other operating charges +€1,436
up €1,436 (+110%), from €1,308 to €2,744
- Depreciation +€314
up €314 (+4.2%), from €7,567 to €7,881
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 | €785,866 | €779,115 | -€6,751 | -0.9% |
| Fixed assets | 21/28 | €733,817 | €725,936 | -€7,881 | -1.1% |
| Tangible fixed assets | 22/27 | €24,413 | €16,532 | -€7,881 | -32.3% |
| Plant, machinery and equipment | 23 | €1,883 | €1,255 | -€628 | -33.4% |
| Furniture and vehicles | 24 | €22,530 | €15,277 | -€7,253 | -32.2% |
| Financial fixed assets | 28 | €709,404 | €709,404 | = | 0.0% |
| Current assets | 29/58 | €52,049 | €53,180 | +€1,131 | +2.2% |
| Amounts receivable within one year | 40/41 | €5,550 | €2,114 | -€3,436 | -61.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,550 | €2,114 | -€3,436 | -61.9% |
| Cash at bank and in hand | 54/58 | €45,039 | €49,514 | +€4,475 | +9.9% |
| Deferred charges and accrued income | 490/1 | €1,460 | €1,551 | +€92 | +6.3% |
| Total equity and liabilities | 10/49 | €785,866 | €779,115 | -€6,751 | -0.9% |
| Equity | 10/15 | €375,810 | €387,648 | +€11,838 | +3.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €355,414 | €355,414 | = | 0.0% |
| Distributable reserves | 133 | €355,414 | €355,414 | = | 0.0% |
| Profit (loss) carried forward | 14 | €395 | €12,233 | +€11,838 | +2,994% |
| Amounts payable | 17/49 | €410,056 | €391,467 | -€18,589 | -4.5% |
| Amounts payable after more than one year | 17 | €213,523 | €204,617 | -€8,907 | -4.2% |
| Financial debts | 170/4 | €213,523 | €204,617 | -€8,907 | -4.2% |
| Amounts payable within one year | 42/48 | €186,533 | €176,851 | -€9,683 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €8,488 | €8,907 | +€419 | +4.9% |
| Trade debts | 44 | €1,986 | €2,058 | +€72 | +3.6% |
| Suppliers | 440/4 | €1,986 | €2,058 | +€72 | +3.6% |
| Taxes, remuneration and social security | 45 | €8,545 | €5,132 | -€3,413 | -39.9% |
| Taxes | 450/3 | €8,545 | €5,132 | -€3,413 | -39.9% |
| Other amounts payable | 47/48 | €167,514 | €160,754 | -€6,760 | -4.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | €10,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €29 | +€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,567 | €7,881 | +€314 | +4.2% |
| Other operating charges | 640/8 | €1,308 | €2,744 | +€1,436 | +110% |
| Gross operating margin | 9900 | €21,243 | €27,511 | +€6,268 | +29.5% |
| Operating profit (loss) | 9901 | €12,368 | €16,856 | +€4,488 | +36.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €11,306 | €966 | -€10,340 | -91.5% |
| Recurring financial charges | 65 | €11,306 | €966 | -€10,340 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €1,061 | €15,889 | +€14,828 | +1,397% |
| Income taxes | 67/77 | €666 | €4,051 | +€3,385 | +508% |
| Profit (loss) for the period | 9904 | €395 | €11,838 | +€11,443 | +2,894% |
| Profit (loss) for the period to be appropriated | 9905 | €395 | €11,838 | +€11,443 | +2,894% |
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.