H2G: what changed
Two fiscal 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.
H2G
Largest movements
- Financial fixed assets +€471,133
up €471,133 (+53.7%), from €878,000 to €1.3m
- Receivables within one year -€348,840
down €348,840 (-85.8%), from €406,388 to €57,548
- Cash +€46,126
up €46,126 (+456.0%), from €10,114 to €56,240
mainly Receivables within one year (+€348,840) and Other debts (+€180,744)
- Other debts +€180,744
up €180,744 (+191.3%), from €94,491 to €275,234
- Current portion of long-term debt +€74,675
up €74,675 (+55.1%), from €135,555 to €210,230
- Profit (loss) carried forward -€58,896
down €58,896 (-68.2%), from -€86,325 to -€145,221
- Debts after one year -€15,970
down €15,970 (-1.6%), from €1.0m to €1.0m
- Gross operating margin +€11,841
up €11,841 (+33.1%), from -€35,749 to -€23,909
- Financial charges -€9,667
down €9,667 (-16.7%), from €58,054 to €48,387
- Financial income +€7,078
up €7,078 (+86.2%), from €8,211 to €15,288
of which Financial income: +€7,049
- Depreciation +€1,607
new in 2024: €1,607
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,297,220 | €1,465,720 | +€168,500 | +13.0% |
| Fixed assets | 21/28 | €878,000 | €1,350,641 | +€472,641 | +53.8% |
| Tangible fixed assets | 22/27 | - | €1,508 | +€1,508 | |
| Furniture and vehicles | 24 | - | €1,508 | +€1,508 | |
| Financial fixed assets | 28 | €878,000 | €1,349,133 | +€471,133 | +53.7% |
| Current assets | 29/58 | €419,220 | €115,080 | -€304,141 | -72.5% |
| Amounts receivable within one year | 40/41 | €406,388 | €57,548 | -€348,840 | -85.8% |
| Other amounts receivable | 41 | €406,388 | €57,548 | -€348,840 | -85.8% |
| Cash at bank and in hand | 54/58 | €10,114 | €56,240 | +€46,126 | +456.0% |
| Deferred charges and accrued income | 490/1 | €2,718 | €1,291 | -€1,427 | -52.5% |
| Total equity and liabilities | 10/49 | €1,297,220 | €1,465,720 | +€168,500 | +13.0% |
| Equity | 10/15 | -€14,325 | -€73,221 | -€58,896 | -411.1% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,325 | -€145,221 | -€58,896 | -68.2% |
| Amounts payable | 17/49 | €1,311,545 | €1,538,941 | +€227,396 | +17.3% |
| Amounts payable after more than one year | 17 | €1,026,609 | €1,010,639 | -€15,970 | -1.6% |
| Financial debts | 170/4 | €1,026,609 | €1,010,639 | -€15,970 | -1.6% |
| Amounts payable within one year | 42/48 | €267,648 | €520,170 | +€252,522 | +94.3% |
| Current portion of amounts payable after more than one year | 42 | €135,555 | €210,230 | +€74,675 | +55.1% |
| Trade debts | 44 | €32,848 | €30,742 | -€2,106 | -6.4% |
| Suppliers | 440/4 | €32,848 | €30,742 | -€2,106 | -6.4% |
| Taxes, remuneration and social security | 45 | €4,754 | €3,963 | -€791 | -16.6% |
| Taxes | 450/3 | €4,754 | €3,963 | -€791 | -16.6% |
| Other amounts payable | 47/48 | €94,491 | €275,234 | +€180,744 | +191.3% |
| Accrued charges and deferred income | 492/3 | €17,288 | €8,132 | -€9,156 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,607 | +€1,607 | |
| Other operating charges | 640/8 | €732 | €488 | -€244 | -33.3% |
| Gross operating margin | 9900 | -€35,749 | -€23,909 | +€11,841 | +33.1% |
| Operating profit (loss) | 9901 | -€36,481 | -€26,004 | +€10,478 | +28.7% |
| Financial income | 75/76B | €8,211 | €15,288 | +€7,078 | +86.2% |
| Recurring financial income | 75 | €8,211 | €15,260 | +€7,049 | +85.9% |
| Non-recurring financial income | 76B | - | €28 | +€28 | |
| Financial charges | 65/66B | €58,054 | €48,387 | -€9,667 | -16.7% |
| Recurring financial charges | 65 | €58,054 | €48,387 | -€9,667 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€86,325 | -€59,103 | +€27,222 | +31.5% |
| Income taxes | 67/77 | - | -€207 | -€207 | |
| Profit (loss) for the period | 9904 | -€86,325 | -€58,896 | +€27,429 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,325 | -€58,896 | +€27,429 | +31.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.