H2 POWER: 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.
H2 POWER
Largest movements
- Receivables within one year +€48,635
up €48,635 (+483.6%), from €10,058 to €58,693
- Cash +€24,134
up €24,134 (+30349.7%), from €80 to €24,214
mainly Other debts (+€107,362)
- Financial fixed assets +€10,000
up €10,000 (+4.4%), from €228,110 to €238,110
- Other debts +€107,362
up €107,362 (+40.1%), from €267,551 to €374,913
- Profit (loss) carried forward -€24,593
down €24,593 (-6.2%), from -€397,504 to -€422,097
- Gross operating margin -€23,653
new in 2025: -€23,653
- Other operating charges +€389
up €389 (+100.4%), from €387 to €776
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 | €238,247 | €321,016 | +€82,769 | +34.7% |
| Fixed assets | 21/28 | €228,110 | €238,110 | +€10,000 | +4.4% |
| Financial fixed assets | 28 | €228,110 | €238,110 | +€10,000 | +4.4% |
| Current assets | 29/58 | €10,137 | €82,906 | +€72,769 | +717.8% |
| Amounts receivable within one year | 40/41 | €10,058 | €58,693 | +€48,635 | +483.6% |
| Other amounts receivable | 41 | €10,058 | €58,693 | +€48,635 | +483.6% |
| Cash at bank and in hand | 54/58 | €80 | €24,214 | +€24,134 | +30349.7% |
| Total equity and liabilities | 10/49 | €238,247 | €321,016 | +€82,769 | +34.7% |
| Equity | 10/15 | -€29,304 | -€53,897 | -€24,593 | -83.9% |
| Contributions | 10/11 | €362,000 | €362,000 | = | 0.0% |
| Capital | 10 | €362,000 | €362,000 | = | 0.0% |
| Issued capital | 100 | €362,000 | €362,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€397,504 | -€422,097 | -€24,593 | -6.2% |
| Amounts payable | 17/49 | €267,551 | €374,913 | +€107,362 | +40.1% |
| Amounts payable within one year | 42/48 | €267,551 | €374,913 | +€107,362 | +40.1% |
| Other amounts payable | 47/48 | €267,551 | €374,913 | +€107,362 | +40.1% |
| Other operating charges | 640/8 | €387 | €776 | +€389 | +100.4% |
| Gross operating margin | 9900 | - | -€23,653 | -€23,653 | |
| Operating profit (loss) | 9901 | -€387 | -€24,429 | -€24,042 | -6206.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €46 | €164 | +€118 | +253.7% |
| Recurring financial charges | 65 | €46 | €164 | +€118 | +253.7% |
| Profit (loss) for the period before taxes | 9903 | -€434 | -€24,593 | -€24,160 | -5571.3% |
| Profit (loss) for the period | 9904 | -€434 | -€24,593 | -€24,160 | -5571.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€434 | -€24,593 | -€24,160 | -5571.3% |
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 9 October 2026 via checked.be.