H414: 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.
H414
Largest movements
- Tangible fixed assets -€9,120
down €9,120 (-49.1%), from €18,562 to €9,442
- Cash -€2,257
down €2,257 (-77.5%), from €2,912 to €655
mainly Net result for the year (-€6,153) and Tax, wage and social debts (-€5,859)
- Receivables within one year +€1,486
up €1,486 (+113.4%), from €1,311 to €2,797
of which Trade receivables: +€2,377
- Profit (loss) carried forward -€6,153
down €6,153 (-24.8%), from -€24,813 to -€30,966
- Tax, wage and social debts -€5,859
down €5,859 (-94.9%), from €6,175 to €316
- Trade debts +€1,740
up €1,740 (+187.2%), from €930 to €2,670
- Other debts +€355
new in 2025: €355
- Gross operating margin +€18,272
up €18,272, from -€14,313 to €3,959
- Depreciation -€242
down €242 (-2.6%), from €9,362 to €9,120
- Financial charges -€214
down €214 (-63.9%), from €335 to €121
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 | €22,981 | €13,064 | -€9,917 | -43.2% |
| Fixed assets | 21/28 | €18,562 | €9,442 | -€9,120 | -49.1% |
| Tangible fixed assets | 22/27 | €18,562 | €9,442 | -€9,120 | -49.1% |
| Furniture and vehicles | 24 | €18,562 | €9,442 | -€9,120 | -49.1% |
| Current assets | 29/58 | €4,419 | €3,622 | -€797 | -18.0% |
| Amounts receivable within one year | 40/41 | €1,311 | €2,797 | +€1,486 | +113.4% |
| Trade receivables | 40 | - | €2,377 | +€2,377 | |
| Other amounts receivable | 41 | €1,311 | €420 | -€891 | -68.0% |
| Cash at bank and in hand | 54/58 | €2,912 | €655 | -€2,257 | -77.5% |
| Deferred charges and accrued income | 490/1 | €196 | €170 | -€26 | -13.5% |
| Total equity and liabilities | 10/49 | €22,981 | €13,064 | -€9,917 | -43.2% |
| Equity | 10/15 | €15,877 | €9,723 | -€6,154 | -38.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,489 | €34,489 | -€0 | 0.0% |
| Distributable reserves | 133 | €34,489 | €34,489 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€24,813 | -€30,966 | -€6,153 | -24.8% |
| Amounts payable | 17/49 | €7,105 | €3,341 | -€3,764 | -53.0% |
| Amounts payable within one year | 42/48 | €7,105 | €3,341 | -€3,764 | -53.0% |
| Trade debts | 44 | €930 | €2,670 | +€1,740 | +187.2% |
| Suppliers | 440/4 | €930 | €2,670 | +€1,740 | +187.2% |
| Taxes, remuneration and social security | 45 | €6,175 | €316 | -€5,859 | -94.9% |
| Taxes | 450/3 | €6,175 | €316 | -€5,859 | -94.9% |
| Other amounts payable | 47/48 | - | €355 | +€355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,362 | €9,120 | -€242 | -2.6% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | -€14,313 | €3,959 | +€18,272 | |
| Operating profit (loss) | 9901 | -€24,348 | -€5,856 | +€18,492 | +75.9% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €335 | €121 | -€214 | -63.9% |
| Recurring financial charges | 65 | €335 | €121 | -€214 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,673 | -€5,977 | +€18,696 | +75.8% |
| Income taxes | 67/77 | €139 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | -€24,813 | -€6,153 | +€18,660 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,813 | -€6,153 | +€18,660 | +75.2% |
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 9 October 2026 via checked.be.