H3 Solutions: 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 Solutions
Largest movements
- Receivables within one year -€143,914
down €143,914 (-1.4%), from €10.6m to €10.4m
of which Other amounts receivable: -€143,914
- Other debts -€147,962
down €147,962 (-21.9%), from €676,305 to €528,343
- Taxes +€14,219
up €14,219, from -€13,855 to €364
- Gross operating margin +€3,685
up €3,685 (+36.7%), from €10,031 to €13,716
- Other operating charges +€984
up €984 (+154%), from €638 to €1,622
- Depreciation -€903
down €903 (-10.7%), from €8,464 to €7,561
- Financial charges +€195
up €195 (+89.4%), from €218 to €412
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.
Derived cash bridge
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 | €12,447,595 | €12,303,401 | -€144,194 | -1.2% |
| Fixed assets | 21/28 | €295,803 | €288,242 | -€7,561 | -2.6% |
| Tangible fixed assets | 22/27 | €25,803 | €18,242 | -€7,561 | -29.3% |
| Plant, machinery and equipment | 23 | €1,375 | €762 | -€613 | -44.6% |
| Furniture and vehicles | 24 | €3,743 | €164 | -€3,579 | -95.6% |
| Other tangible fixed assets | 26 | €20,685 | €17,316 | -€3,369 | -16.3% |
| Financial fixed assets | 28 | €270,000 | €270,000 | = | 0.0% |
| Current assets | 29/58 | €12,151,792 | €12,015,159 | -€136,633 | -1.1% |
| Stocks and contracts in progress | 3 | €1,599,104 | €1,599,104 | = | 0.0% |
| Contracts in progress | 37 | €1,599,104 | €1,599,104 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,551,442 | €10,407,527 | -€143,914 | -1.4% |
| Trade receivables | 40 | €10,390,986 | €10,390,986 | = | 0.0% |
| Other amounts receivable | 41 | €160,455 | €16,541 | -€143,914 | -89.7% |
| Cash at bank and in hand | 54/58 | €1,247 | €8,528 | +€7,281 | +584% |
| Total equity and liabilities | 10/49 | €12,447,595 | €12,303,401 | -€144,194 | -1.2% |
| Equity | 10/15 | -€50,154 | -€46,397 | +€3,757 | +7.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,704 | -€64,947 | +€3,757 | +5.5% |
| Amounts payable | 17/49 | €12,497,750 | €12,349,798 | -€147,951 | -1.2% |
| Amounts payable within one year | 42/48 | €12,497,750 | €12,349,798 | -€147,951 | -1.2% |
| Trade debts | 44 | €11,816,380 | €11,821,456 | +€5,075 | 0.0% |
| Suppliers | 440/4 | €1,443,530 | €1,448,606 | +€5,075 | +0.4% |
| Bills of exchange payable | 441 | €10,372,850 | €10,372,850 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,064 | - | -€5,064 | |
| Remuneration and social security | 454/9 | €5,064 | - | -€5,064 | |
| Other amounts payable | 47/48 | €676,305 | €528,343 | -€147,962 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,464 | €7,561 | -€903 | -10.7% |
| Other operating charges | 640/8 | €638 | €1,622 | +€984 | +154% |
| Gross operating margin | 9900 | €10,031 | €13,716 | +€3,685 | +36.7% |
| Operating profit (loss) | 9901 | €929 | €4,533 | +€3,604 | +388% |
| Financial charges | 65/66B | €218 | €412 | +€195 | +89.4% |
| Recurring financial charges | 65 | €218 | €412 | +€195 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | €711 | €4,121 | +€3,410 | +479% |
| Income taxes | 67/77 | -€13,855 | €364 | +€14,219 | |
| Profit (loss) for the period | 9904 | €14,566 | €3,757 | -€10,809 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,566 | €3,757 | -€10,809 | -74.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.