H2O SOFTWARE: 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.
H2O SOFTWARE
Largest movements
- Cash +€2,391
up €2,391 (+17.7%), from €13,503 to €15,894
mainly Net result for the year (+€3,799) and Trade debts (+€1,978)
- Deferred charges and accrued income +€1,824
up €1,824 (+253.7%), from €719 to €2,543
- Receivables within one year +€968
up €968 (+7.5%), from €12,863 to €13,831
of which Trade receivables: +€968
- Tangible fixed assets +€576
up €576 (+29.2%), from €1,972 to €2,548
- Profit (loss) carried forward +€3,457
no longer reported in 2024 (was -€3,457)
- Trade debts +€1,978
up €1,978 (+182.9%), from €1,081 to €3,059
- Accrued charges and deferred income -€912
no longer reported in 2024 (was €912)
- Tax, wage and social debts +€893
up €893 (+70.8%), from €1,261 to €2,154
- Gross operating margin +€5,017
up €5,017 (+148.3%), from €3,384 to €8,401
- Taxes +€730
up €730 (+62.8%), from €1,162 to €1,892
- Depreciation +€285
up €285 (+24.6%), from €1,159 to €1,444
- Other operating charges +€125
up €125 (+12.8%), from €979 to €1,105
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 | €29,083 | €34,841 | +€5,759 | +19.8% |
| Fixed assets | 21/28 | €1,997 | €2,573 | +€576 | +28.8% |
| Tangible fixed assets | 22/27 | €1,972 | €2,548 | +€576 | +29.2% |
| Furniture and vehicles | 24 | €1,972 | €2,548 | +€576 | +29.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €27,085 | €32,268 | +€5,183 | +19.1% |
| Amounts receivable within one year | 40/41 | €12,863 | €13,831 | +€968 | +7.5% |
| Trade receivables | 40 | €6,292 | €7,260 | +€968 | +15.4% |
| Other amounts receivable | 41 | €6,571 | €6,571 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,503 | €15,894 | +€2,391 | +17.7% |
| Deferred charges and accrued income | 490/1 | €719 | €2,543 | +€1,824 | +253.7% |
| Total equity and liabilities | 10/49 | €29,083 | €34,841 | +€5,759 | +19.8% |
| Equity | 10/15 | €25,828 | €29,627 | +€3,799 | +14.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €21,225 | €21,567 | +€342 | +1.6% |
| Distributable reserves | 133 | €21,225 | €21,567 | +€342 | +1.6% |
| Profit (loss) carried forward | 14 | -€3,457 | - | +€3,457 | |
| Amounts payable | 17/49 | €3,255 | €5,214 | +€1,959 | +60.2% |
| Amounts payable within one year | 42/48 | €2,342 | €5,214 | +€2,871 | +122.6% |
| Trade debts | 44 | €1,081 | €3,059 | +€1,978 | +182.9% |
| Suppliers | 440/4 | €1,081 | €3,059 | +€1,978 | +182.9% |
| Taxes, remuneration and social security | 45 | €1,261 | €2,154 | +€893 | +70.8% |
| Taxes | 450/3 | €1,261 | €2,154 | +€893 | +70.8% |
| Accrued charges and deferred income | 492/3 | €912 | - | -€912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,159 | €1,444 | +€285 | +24.6% |
| Other operating charges | 640/8 | €979 | €1,105 | +€125 | +12.8% |
| Gross operating margin | 9900 | €3,384 | €8,401 | +€5,017 | +148.3% |
| Operating profit (loss) | 9901 | €1,245 | €5,852 | +€4,607 | +369.9% |
| Financial income | 75/76B | €13 | €21 | +€8 | +59.2% |
| Recurring financial income | 75 | €13 | €21 | +€8 | +59.2% |
| Financial charges | 65/66B | €167 | €182 | +€15 | +9.1% |
| Recurring financial charges | 65 | €167 | €182 | +€15 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €1,092 | €5,691 | +€4,599 | +421.3% |
| Income taxes | 67/77 | €1,162 | €1,892 | +€730 | +62.8% |
| Profit (loss) for the period | 9904 | -€70 | €3,799 | +€3,869 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70 | €3,799 | +€3,869 |
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 1 October 2026 via checked.be.