H3OZ: 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.
H3OZ
Largest movements
- Cash -€14,558
down €14,558 (-99.3%), from €14,657 to €99
mainly Net result for the year (-€26,026) and Tax, wage and social debts (-€5,818)
- Deferred charges and accrued income -€10,324
down €10,324 (-96.6%), from €10,691 to €367
- Receivables within one year +€3,549
up €3,549 (+37.9%), from €9,360 to €12,909
of which Trade receivables: +€11,636
- Tangible fixed assets -€1,339
down €1,339 (-30.3%), from €4,417 to €3,078
of which Other tangible fixed assets: -€696
- Profit (loss) carried forward -€26,026
down €26,026 (-97.0%), from €26,821 to €795
- Other debts +€8,258
new in 2025: €8,258
- Tax, wage and social debts -€5,818
down €5,818 (-98.4%), from €5,912 to €95
- Trade debts +€1,074
up €1,074 (+45.9%), from €2,337 to €3,411
- Gross operating margin -€44,912
down €44,912, from €20,621 to -€24,291
- Taxes -€5,016
down €5,016 (-98.1%), from €5,110 to €95
- Other operating charges -€295
no longer reported in 2025 (was €295)
- Depreciation +€282
up €282 (+26.7%), from €1,057 to €1,339
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.
Cash bridge derived
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 | €39,230 | €16,559 | -€22,672 | -57.8% |
| Fixed assets | 21/28 | €4,522 | €3,183 | -€1,339 | -29.6% |
| Tangible fixed assets | 22/27 | €4,417 | €3,078 | -€1,339 | -30.3% |
| Furniture and vehicles | 24 | €1,694 | €1,051 | -€643 | -38.0% |
| Other tangible fixed assets | 26 | €2,723 | €2,028 | -€696 | -25.5% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €34,708 | €13,375 | -€21,333 | -61.5% |
| Amounts receivable within one year | 40/41 | €9,360 | €12,909 | +€3,549 | +37.9% |
| Trade receivables | 40 | - | €11,636 | +€11,636 | |
| Other amounts receivable | 41 | €9,360 | €1,273 | -€8,087 | -86.4% |
| Cash at bank and in hand | 54/58 | €14,657 | €99 | -€14,558 | -99.3% |
| Deferred charges and accrued income | 490/1 | €10,691 | €367 | -€10,324 | -96.6% |
| Total equity and liabilities | 10/49 | €39,230 | €16,559 | -€22,672 | -57.8% |
| Equity | 10/15 | €30,821 | €4,795 | -€26,026 | -84.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,821 | €795 | -€26,026 | -97.0% |
| Amounts payable | 17/49 | €8,409 | €11,764 | +€3,354 | +39.9% |
| Amounts payable within one year | 42/48 | €8,249 | €11,764 | +€3,514 | +42.6% |
| Trade debts | 44 | €2,337 | €3,411 | +€1,074 | +45.9% |
| Suppliers | 440/4 | €2,337 | €3,411 | +€1,074 | +45.9% |
| Taxes, remuneration and social security | 45 | €5,912 | €95 | -€5,818 | -98.4% |
| Taxes | 450/3 | €5,912 | €95 | -€5,818 | -98.4% |
| Other amounts payable | 47/48 | - | €8,258 | +€8,258 | |
| Accrued charges and deferred income | 492/3 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €1,339 | +€282 | +26.7% |
| Other operating charges | 640/8 | €295 | - | -€295 | |
| Gross operating margin | 9900 | €20,621 | -€24,291 | -€44,912 | |
| Operating profit (loss) | 9901 | €19,269 | -€25,630 | -€44,899 | |
| Financial income | 75/76B | €86 | €4 | -€81 | -95.1% |
| Recurring financial income | 75 | €86 | €4 | -€81 | -95.1% |
| Financial charges | 65/66B | €372 | €306 | -€66 | -17.8% |
| Recurring financial charges | 65 | €372 | €306 | -€66 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €18,983 | -€25,931 | -€44,914 | |
| Income taxes | 67/77 | €5,110 | €95 | -€5,016 | -98.1% |
| Profit (loss) for the period | 9904 | €13,872 | -€26,026 | -€39,898 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,872 | -€26,026 | -€39,898 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.