H16: 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.
H16
Largest movements
- Cash -€26,170
down €26,170 (-74.9%), from €34,919 to €8,749
mainly Net result for the year (-€43,016) and Debts after one year (-€14,033)
- Tangible fixed assets -€16,259
down €16,259 (-4.7%), from €347,982 to €331,724
- Receivables within one year -€4,132
down €4,132 (-23.1%), from €17,916 to €13,784
of which Trade receivables: -€4,297
- Profit (loss) carried forward -€43,016
down €43,016 (-4086.3%), from -€1,053 to -€44,069
- Debts after one year -€14,033
down €14,033 (-5.8%), from €243,327 to €229,294
- Trade debts +€9,249
up €9,249 (+953.6%), from €970 to €10,219
- Gross operating margin -€42,025
down €42,025, from €21,450 to -€20,575
- Depreciation +€284
up €284 (+1.6%), from €17,669 to €17,954
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.
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 | €401,367 | €354,843 | -€46,524 | -11.6% |
| Fixed assets | 21/28 | €347,982 | €331,724 | -€16,259 | -4.7% |
| Tangible fixed assets | 22/27 | €347,982 | €331,724 | -€16,259 | -4.7% |
| Land and buildings | 22 | €308,559 | €301,907 | -€6,651 | -2.2% |
| Plant, machinery and equipment | 23 | €10,156 | €4,905 | -€5,251 | -51.7% |
| Furniture and vehicles | 24 | €29,268 | €24,911 | -€4,356 | -14.9% |
| Current assets | 29/58 | €53,384 | €23,119 | -€30,265 | -56.7% |
| Amounts receivable within one year | 40/41 | €17,916 | €13,784 | -€4,132 | -23.1% |
| Trade receivables | 40 | €16,136 | €11,838 | -€4,297 | -26.6% |
| Other amounts receivable | 41 | €1,781 | €1,946 | +€165 | +9.3% |
| Cash at bank and in hand | 54/58 | €34,919 | €8,749 | -€26,170 | -74.9% |
| Deferred charges and accrued income | 490/1 | €550 | €586 | +€36 | +6.6% |
| Total equity and liabilities | 10/49 | €401,367 | €354,843 | -€46,524 | -11.6% |
| Equity | 10/15 | €109,589 | €66,573 | -€43,016 | -39.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €50,641 | €50,641 | = | 0.0% |
| Distributable reserves | 133 | €50,641 | €50,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,053 | -€44,069 | -€43,016 | -4086.3% |
| Amounts payable | 17/49 | €291,778 | €288,270 | -€3,508 | -1.2% |
| Amounts payable after more than one year | 17 | €243,327 | €229,294 | -€14,033 | -5.8% |
| Financial debts | 170/4 | €243,327 | €229,294 | -€14,033 | -5.8% |
| Amounts payable within one year | 42/48 | €48,451 | €58,976 | +€10,525 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €13,865 | €14,033 | +€168 | +1.2% |
| Trade debts | 44 | €970 | €10,219 | +€9,249 | +953.6% |
| Suppliers | 440/4 | €970 | €10,219 | +€9,249 | +953.6% |
| Other amounts payable | 47/48 | €33,616 | €34,723 | +€1,107 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,669 | €17,954 | +€284 | +1.6% |
| Other operating charges | 640/8 | €1,478 | €1,338 | -€140 | -9.4% |
| Gross operating margin | 9900 | €21,450 | -€20,575 | -€42,025 | |
| Operating profit (loss) | 9901 | €2,303 | -€39,867 | -€42,170 | |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €3,356 | €3,185 | -€171 | -5.1% |
| Recurring financial charges | 65 | €3,356 | €3,185 | -€171 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,053 | -€43,016 | -€41,963 | -3986.3% |
| Profit (loss) for the period | 9904 | -€1,053 | -€43,016 | -€41,963 | -3986.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,053 | -€43,016 | -€41,963 | -3986.3% |
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 12 October 2026 via checked.be.