H22B: what changed
H22B
Largest movements
- Receivables within one year +€22,293
up €22,293 (+137%), from €16,227 to €38,520
of which Trade receivables: +€23,294
- Cash -€8,527
down €8,527 (-72.8%), from €11,708 to €3,181
mainly Receivables within one year (-€22,293) and Debts after one year (-€9,172)
- Tangible fixed assets -€1,267
down €1,267 (-48.0%), from €2,641 to €1,374
- Advances received +€19,599
new in 2025: €19,599
- Debts after one year -€9,172
down €9,172 (-38.8%), from €23,636 to €14,464
- Other debts +€3,023
new in 2025: €3,023
- Current portion of long-term debt -€1,810
down €1,810 (-14.2%), from €12,773 to €10,963
- Profit (loss) carried forward +€864
up €864 (+3.1%), from -€27,555 to -€26,691
- Gross operating margin +€6,516
up €6,516, from -€2,083 to €4,433
- Financial charges -€3,344
down €3,344 (-72.5%), from €4,612 to €1,267
- Other operating charges -€489
down €489 (-31.8%), from €1,535 to €1,046
- Depreciation +€107
up €107 (+9.3%), from €1,159 to €1,267
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,619 | €43,075 | +€12,456 | +40.7% |
| Fixed assets | 21/28 | €2,641 | €1,374 | -€1,267 | -48.0% |
| Tangible fixed assets | 22/27 | €2,641 | €1,374 | -€1,267 | -48.0% |
| Furniture and vehicles | 24 | €2,641 | €1,374 | -€1,267 | -48.0% |
| Current assets | 29/58 | €27,979 | €41,701 | +€13,722 | +49.0% |
| Amounts receivable within one year | 40/41 | €16,227 | €38,520 | +€22,293 | +137% |
| Trade receivables | 40 | €15,226 | €38,520 | +€23,294 | +153% |
| Other amounts receivable | 41 | €1,001 | - | -€1,001 | |
| Cash at bank and in hand | 54/58 | €11,708 | €3,181 | -€8,527 | -72.8% |
| Deferred charges and accrued income | 490/1 | €44 | - | -€44 | |
| Total equity and liabilities | 10/49 | €30,619 | €43,075 | +€12,456 | +40.7% |
| Equity | 10/15 | -€24,555 | -€23,691 | +€864 | +3.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,555 | -€26,691 | +€864 | +3.1% |
| Amounts payable | 17/49 | €55,174 | €66,766 | +€11,592 | +21.0% |
| Amounts payable after more than one year | 17 | €23,636 | €14,464 | -€9,172 | -38.8% |
| Financial debts | 170/4 | €23,636 | €14,464 | -€9,172 | -38.8% |
| Amounts payable within one year | 42/48 | €31,538 | €52,302 | +€20,764 | +65.8% |
| Current portion of amounts payable after more than one year | 42 | €12,773 | €10,963 | -€1,810 | -14.2% |
| Trade debts | 44 | €317 | - | -€317 | |
| Suppliers | 440/4 | €317 | - | -€317 | |
| Advances received on contracts in progress | 46 | - | €19,599 | +€19,599 | |
| Taxes, remuneration and social security | 45 | €18,448 | €18,717 | +€269 | +1.5% |
| Taxes | 450/3 | €17,975 | €16,941 | -€1,034 | -5.7% |
| Remuneration and social security | 454/9 | €473 | €1,775 | +€1,302 | +275% |
| Other amounts payable | 47/48 | - | €3,023 | +€3,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,159 | €1,267 | +€107 | +9.3% |
| Other operating charges | 640/8 | €1,535 | €1,046 | -€489 | -31.8% |
| Gross operating margin | 9900 | -€2,083 | €4,433 | +€6,516 | |
| Operating profit (loss) | 9901 | -€4,777 | €2,120 | +€6,898 | |
| Financial income | 75/76B | €6 | €10 | +€5 | +82.1% |
| Recurring financial income | 75 | €6 | €10 | +€5 | +82.1% |
| Financial charges | 65/66B | €4,612 | €1,267 | -€3,344 | -72.5% |
| Recurring financial charges | 65 | €4,612 | €1,267 | -€3,344 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,383 | €864 | +€10,247 | |
| Profit (loss) for the period | 9904 | -€9,383 | €864 | +€10,247 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,383 | €864 | +€10,247 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.