H2H: what changed
What changed
H2H
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€888,323
2024 · -€45,585+€933,908
Equity
€2.5m
2024 · €1.6m+€888,323
Cash
€271,838
2024 · €132,452+€139,386
Balance sheet total
€19.9m
2024 · €19.8m+€134,138
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€1.5m
down €1.5m (-15.4%), from €10.0m to €8.5m
- Other debts +€1.0m
up €1.0m (+18.3%), from €5.6m to €6.6m
- Reserves +€800,000
up €800,000 (+133%), from €600,000 to €1.4m
of which Distributable reserves: +€800,000
- Current portion of long-term debt -€669,564
down €669,564 (-28.8%), from €2.3m to €1.7m
- Tax, wage and social debts +€394,578
up €394,578 (+884%), from €44,611 to €439,189
of which Taxes: +€395,348
Income statement
- Gross operating margin +€1.4m
up €1.4m (+416%), from €329,412 to €1.7m
- Taxes +€294,898
up €294,898 (+179,215%), from €165 to €295,062
- Financial charges +€181,570
up €181,570 (+163%), from €111,080 to €292,650
- Staff costs -€40,602
down €40,602 (-15.5%), from €262,535 to €221,933
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.
Result 2024
-€45,585
Gross operating margin
+€1.4m
Staff costs
+€40,602
Other operating charges
-€35
Financial income
-€0
Financial charges
-€181,570
Taxes
-€294,898
Result 2025
€888,323
raises the resultlowers the result
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.
From operations
+€2.3m
Investment
€0
Financing
-€2.2m
Cash 2024
€132,452
From operations (derived)
+€2.3m
Net result for the year
+€888,323
Receivables within one year
+€5,248
Trade debts
-€44,055
Tax, wage and social debts
+€394,578
Other debts
+€1.0m
Accrued charges and deferred income
+€70,619
Financing
-€2.2m
Debts after one year
-€1.5m
Current portion of long-term debt
-€669,564
Cash 2025
€271,838
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,775,201 | €19,909,340 | +€134,138 | +0.7% |
| Fixed assets | 21/28 | €19,637,500 | €19,637,500 | = | 0.0% |
| Financial fixed assets | 28 | €19,637,500 | €19,637,500 | = | 0.0% |
| Current assets | 29/58 | €137,701 | €271,840 | +€134,138 | +97.4% |
| Amounts receivable within one year | 40/41 | €5,250 | €2 | -€5,248 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,250 | €2 | -€5,248 | -100.0% |
| Cash at bank and in hand | 54/58 | €132,452 | €271,838 | +€139,386 | +105% |
| Total equity and liabilities | 10/49 | €19,775,201 | €19,909,340 | +€134,138 | +0.7% |
| Equity | 10/15 | €1,589,850 | €2,478,173 | +€888,323 | +55.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €600,000 | €1,400,000 | +€800,000 | +133% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €1,300,000 | +€800,000 | +160% |
| Profit (loss) carried forward | 14 | -€10,150 | €78,173 | +€88,323 | |
| Amounts payable | 17/49 | €18,185,351 | €17,431,167 | -€754,185 | -4.1% |
| Amounts payable after more than one year | 17 | €9,998,792 | €8,463,236 | -€1.5m | -15.4% |
| Financial debts | 170/4 | €9,998,792 | €8,463,236 | -€1.5m | -15.4% |
| Amounts payable within one year | 42/48 | €8,096,764 | €8,807,517 | +€710,753 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €2,325,595 | €1,656,031 | -€669,564 | -28.8% |
| Trade debts | 44 | €112,483 | €68,428 | -€44,055 | -39.2% |
| Suppliers | 440/4 | €112,483 | €68,428 | -€44,055 | -39.2% |
| Taxes, remuneration and social security | 45 | €44,611 | €439,189 | +€394,578 | +884% |
| Taxes | 450/3 | €18,325 | €413,673 | +€395,348 | +2,157% |
| Remuneration and social security | 454/9 | €26,286 | €25,516 | -€770 | -2.9% |
| Other amounts payable | 47/48 | €5,614,075 | €6,643,870 | +€1.0m | +18.3% |
| Accrued charges and deferred income | 492/3 | €89,795 | €160,413 | +€70,619 | +78.6% |
| Remuneration, social security and pensions | 62 | €262,535 | €221,933 | -€40,602 | -15.5% |
| Other operating charges | 640/8 | €1,218 | €1,253 | +€35 | +2.8% |
| Gross operating margin | 9900 | €329,412 | €1,699,221 | +€1.4m | +416% |
| Operating profit (loss) | 9901 | €65,660 | €1,476,036 | +€1.4m | +2,148% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €111,080 | €292,650 | +€181,570 | +163% |
| Recurring financial charges | 65 | €111,080 | €292,650 | +€181,570 | +163% |
| Profit (loss) for the period before taxes | 9903 | -€45,421 | €1,183,385 | +€1.2m | |
| Income taxes | 67/77 | €165 | €295,062 | +€294,898 | +179,215% |
| Profit (loss) for the period | 9904 | -€45,585 | €888,323 | +€933,908 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,585 | €888,323 | +€933,908 |
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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 4 November 2026 via checked.be.