H2O CONSULTING: 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.
H2O CONSULTING
Largest movements
- Cash +€89,227
up €89,227 (+39.0%), from €229,040 to €318,267
mainly Net result for the year (+€79,675) and Other debts (+€56,055)
- Deferred charges and accrued income -€5,844
down €5,844 (-96.2%), from €6,074 to €230
- Receivables within one year +€5,079
up €5,079 (+17.3%), from €29,396 to €34,475
of which Trade receivables: +€5,079
- Other debts +€56,055
up €56,055 (+3,590%), from €1,561 to €57,616
- Tax, wage and social debts +€23,794
up €23,794 (+60.9%), from €39,046 to €62,840
of which Taxes: +€23,749
- Reserves +€13,513
up €13,513 (+6.3%), from €213,822 to €227,335
of which Distributable reserves: +€13,513
- Trade debts -€7,346
down €7,346 (-78.6%), from €9,352 to €2,006
- Gross operating margin -€10,467
down €10,467 (-7.8%), from €134,229 to €123,762
- Other operating charges -€3,940
down €3,940 (-66.8%), from €5,897 to €1,957
- Taxes +€1,760
up €1,760 (+5.0%), from €35,030 to €36,791
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.
Derived cash bridge
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 | €276,182 | €362,197 | +€86,015 | +31.1% |
| Fixed assets | 21/28 | €11,671 | €9,224 | -€2,447 | -21.0% |
| Tangible fixed assets | 22/27 | €10,421 | €7,974 | -€2,447 | -23.5% |
| Furniture and vehicles | 24 | €10,421 | €6,779 | -€3,642 | -35.0% |
| Other tangible fixed assets | 26 | - | €1,195 | +€1,195 | |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €264,510 | €352,973 | +€88,463 | +33.4% |
| Amounts receivable within one year | 40/41 | €29,396 | €34,475 | +€5,079 | +17.3% |
| Trade receivables | 40 | €29,333 | €34,412 | +€5,079 | +17.3% |
| Other amounts receivable | 41 | €63 | €63 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €229,040 | €318,267 | +€89,227 | +39.0% |
| Deferred charges and accrued income | 490/1 | €6,074 | €230 | -€5,844 | -96.2% |
| Total equity and liabilities | 10/49 | €276,182 | €362,197 | +€86,015 | +31.1% |
| Equity | 10/15 | €226,222 | €239,735 | +€13,513 | +6.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €213,822 | €227,335 | +€13,513 | +6.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €211,962 | €225,475 | +€13,513 | +6.4% |
| Amounts payable | 17/49 | €49,959 | €122,462 | +€72,502 | +145% |
| Amounts payable within one year | 42/48 | €49,959 | €122,462 | +€72,502 | +145% |
| Trade debts | 44 | €9,352 | €2,006 | -€7,346 | -78.6% |
| Suppliers | 440/4 | €9,352 | €2,006 | -€7,346 | -78.6% |
| Taxes, remuneration and social security | 45 | €39,046 | €62,840 | +€23,794 | +60.9% |
| Taxes | 450/3 | €35,956 | €59,705 | +€23,749 | +66.0% |
| Remuneration and social security | 454/9 | €3,090 | €3,134 | +€45 | +1.4% |
| Other amounts payable | 47/48 | €1,561 | €57,616 | +€56,055 | +3,590% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,524 | €5,806 | -€718 | -11.0% |
| Other operating charges | 640/8 | €5,897 | €1,957 | -€3,940 | -66.8% |
| Gross operating margin | 9900 | €134,229 | €123,762 | -€10,467 | -7.8% |
| Operating profit (loss) | 9901 | €121,808 | €115,999 | -€5,810 | -4.8% |
| Financial income | 75/76B | €390 | €603 | +€213 | +54.6% |
| Recurring financial income | 75 | €370 | €603 | +€233 | +63.1% |
| Non-recurring financial income | 76B | €20 | - | -€20 | |
| Financial charges | 65/66B | €326 | €136 | -€190 | -58.3% |
| Recurring financial charges | 65 | €323 | €136 | -€187 | -57.9% |
| Non-recurring financial charges | 66B | €3 | - | -€3 | |
| Profit (loss) for the period before taxes | 9903 | €121,872 | €116,465 | -€5,406 | -4.4% |
| Income taxes | 67/77 | €35,030 | €36,791 | +€1,760 | +5.0% |
| Profit (loss) for the period | 9904 | €86,841 | €79,675 | -€7,167 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,841 | €79,675 | -€7,167 | -8.3% |
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 17 October 2026 via checked.be.