H100: 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.
H100
Largest movements
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Cash -€47,231
down €47,231 (-86.2%), from €54,767 to €7,535
mainly Debts after one year (-€650,000) and Investment in fixed assets (net) (-€1,878)
- Debts after one year -€650,000
down €650,000 (-100%), from €650,000 to €0
- Reserves +€507,905
up €507,905 (+114%), from €446,867 to €954,772
- Financial income +€400,134
up €400,134 (+343%), from €116,521 to €516,655
- Taxes +€42,518
up €42,518 (+186%), from €22,872 to €65,390
- Financial charges -€17,492
down €17,492 (-24.6%), from €71,138 to €53,646
- Gross operating margin +€4,514
up €4,514 (+4.2%), from €108,308 to €112,822
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 | €1,983,539 | €1,857,173 | -€126,365 | -6.4% |
| Fixed assets | 21/28 | €1,591,488 | €1,592,982 | +€1,494 | +0.1% |
| Tangible fixed assets | 22/27 | - | €1,494 | +€1,494 | |
| Furniture and vehicles | 24 | - | €1,494 | +€1,494 | |
| Financial fixed assets | 28 | €1,591,488 | €1,591,488 | = | 0.0% |
| Current assets | 29/58 | €392,051 | €264,191 | -€127,859 | -32.6% |
| Amounts receivable within one year | 40/41 | €267,085 | €250,949 | -€16,136 | -6.0% |
| Trade receivables | 40 | €67,173 | €40,905 | -€26,267 | -39.1% |
| Other amounts receivable | 41 | €199,912 | €210,044 | +€10,132 | +5.1% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €54,767 | €7,535 | -€47,231 | -86.2% |
| Deferred charges and accrued income | 490/1 | €10,199 | €5,707 | -€4,492 | -44.0% |
| Total equity and liabilities | 10/49 | €1,983,539 | €1,857,173 | -€126,365 | -6.4% |
| Equity | 10/15 | €1,256,867 | €1,764,772 | +€507,905 | +40.4% |
| Contributions | 10/11 | €810,000 | €810,000 | = | 0.0% |
| Reserves | 13 | €446,867 | €954,772 | +€507,905 | +114% |
| Distributable reserves | 133 | €446,867 | €954,772 | +€507,905 | +114% |
| Amounts payable | 17/49 | €726,671 | €92,401 | -€634,270 | -87.3% |
| Amounts payable after more than one year | 17 | €650,000 | €0 | -€650,000 | -100% |
| Other amounts payable | 178/9 | €650,000 | €0 | -€650,000 | -100% |
| Amounts payable within one year | 42/48 | €76,671 | €92,401 | +€15,730 | +20.5% |
| Trade debts | 44 | €9,922 | €8,896 | -€1,026 | -10.3% |
| Suppliers | 440/4 | €9,922 | €8,896 | -€1,026 | -10.3% |
| Taxes, remuneration and social security | 45 | €66,749 | €83,505 | +€16,756 | +25.1% |
| Taxes | 450/3 | €66,749 | €78,131 | +€11,382 | +17.1% |
| Remuneration and social security | 454/9 | - | €5,374 | +€5,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €384 | +€384 | |
| Other operating charges | 640/8 | €2,130 | €2,152 | +€22 | +1.0% |
| Gross operating margin | 9900 | €108,308 | €112,822 | +€4,514 | +4.2% |
| Operating profit (loss) | 9901 | €106,178 | €110,286 | +€4,108 | +3.9% |
| Financial income | 75/76B | €116,521 | €516,655 | +€400,134 | +343% |
| Recurring financial income | 75 | €116,521 | €516,655 | +€400,134 | +343% |
| Financial charges | 65/66B | €71,138 | €53,646 | -€17,492 | -24.6% |
| Recurring financial charges | 65 | €71,138 | €53,646 | -€17,492 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €151,562 | €573,295 | +€421,733 | +278% |
| Income taxes | 67/77 | €22,872 | €65,390 | +€42,518 | +186% |
| Profit (loss) for the period | 9904 | €128,690 | €507,905 | +€379,215 | +295% |
| Profit (loss) for the period to be appropriated | 9905 | €128,690 | €507,905 | +€379,215 | +295% |
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 28 October 2026 via checked.be.