H3+: 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.
H3+
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Tax, wage and social debts -€478,333
down €478,333 (-100%), from €478,333 to €0
- Profit (loss) carried forward +€465,856
up €465,856 (+20.7%), from -€2.2m to -€1.8m
- Other debts +€14,900
up €14,900 (+596%), from €2,500 to €17,400
- Financial income -€1.6m
down €1.6m (-100%), from €1.6m to €0
of which Financial income: -€1.6m
- Financial charges -€1.6m
down €1.6m (-100.0%), from €1.6m to €40
of which Non-recurring financial charges: -€1.6m
- Taxes -€478,333
down €478,333, from €0 to -€478,333
- Write-downs +€97,337
up €97,337, from -€97,337 to €0
- Other operating charges -€97,324
down €97,324 (-99.5%), from €97,851 to €528
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 | €572,313 | €576,626 | +€4,313 | +0.8% |
| Fixed assets | 21/28 | €567,373 | €567,373 | = | 0.0% |
| Financial fixed assets | 28 | €567,373 | €567,373 | = | 0.0% |
| Current assets | 29/58 | €4,940 | €9,253 | +€4,313 | +87.3% |
| Amounts receivable within one year | 40/41 | €4,682 | €6,207 | +€1,525 | +32.6% |
| Trade receivables | 40 | €1,153 | €0 | -€1,153 | -100% |
| Other amounts receivable | 41 | €3,528 | €6,207 | +€2,679 | +75.9% |
| Cash at bank and in hand | 54/58 | €259 | €3,046 | +€2,788 | +1,078% |
| Total equity and liabilities | 10/49 | €572,313 | €576,626 | +€4,313 | +0.8% |
| Equity | 10/15 | €90,392 | €556,248 | +€465,856 | +515% |
| Contributions | 10/11 | €1,790,064 | €1,790,064 | = | 0.0% |
| Reserves | 13 | €549,325 | €549,325 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €549,325 | €549,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,248,997 | -€1,783,141 | +€465,856 | +20.7% |
| Amounts payable | 17/49 | €481,921 | €20,379 | -€461,543 | -95.8% |
| Amounts payable within one year | 42/48 | €481,921 | €20,379 | -€461,543 | -95.8% |
| Trade debts | 44 | €1,088 | €2,979 | +€1,891 | +174% |
| Suppliers | 440/4 | €1,088 | €2,979 | +€1,891 | +174% |
| Taxes, remuneration and social security | 45 | €478,333 | €0 | -€478,333 | -100% |
| Taxes | 450/3 | €478,333 | €0 | -€478,333 | -100% |
| Other amounts payable | 47/48 | €2,500 | €17,400 | +€14,900 | +596% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€97,337 | €0 | +€97,337 | |
| Other operating charges | 640/8 | €97,851 | €528 | -€97,324 | -99.5% |
| Gross operating margin | 9900 | -€6,677 | -€11,910 | -€5,233 | -78.4% |
| Operating profit (loss) | 9901 | -€7,191 | -€12,437 | -€5,247 | -73.0% |
| Financial income | 75/76B | €1,631,227 | €0 | -€1.6m | -100% |
| Recurring financial income | 75 | €1,631,227 | €0 | -€1.6m | -100% |
| Non-recurring financial income | 76B | €1,631,227 | €0 | -€1.6m | -100% |
| Financial charges | 65/66B | €1,631,266 | €40 | -€1.6m | -100.0% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Non-recurring financial charges | 66B | €1,631,227 | €0 | -€1.6m | -100% |
| Profit (loss) for the period before taxes | 9903 | -€7,230 | -€12,478 | -€5,248 | -72.6% |
| Income taxes | 67/77 | €0 | -€478,333 | -€478,333 | |
| Profit (loss) for the period | 9904 | -€7,230 | €465,856 | +€473,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,230 | €465,856 | +€473,086 |
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 27 October 2026 via checked.be.