H7: 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.
H7
Largest movements
- Cash +€222,501
up €222,501 (+490.5%), from €45,358 to €267,859
mainly Net result for the year (+€158,600) and Tax, wage and social debts (+€44,739)
- Receivables within one year -€10,699
down €10,699 (-71.8%), from €14,893 to €4,194
of which Other amounts receivable: -€10,949
- Tangible fixed assets -€3,923
down €3,923 (-15.2%), from €25,866 to €21,942
- Reserves +€158,600
up €158,600 (+287.9%), from €55,085 to €213,686
- Tax, wage and social debts +€44,739
up €44,739 (+166.1%), from €26,939 to €71,678
of which Taxes: +€44,739
- Trade debts +€3,535
up €3,535 (+784.4%), from €451 to €3,986
- Gross operating margin +€165,282
up €165,282 (+305.9%), from €54,026 to €219,308
- Taxes +€32,046
up €32,046 (+158.5%), from €20,212 to €52,259
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 | €87,475 | €294,349 | +€206,874 | +236.5% |
| Fixed assets | 21/28 | €25,866 | €21,942 | -€3,923 | -15.2% |
| Tangible fixed assets | 22/27 | €25,866 | €21,942 | -€3,923 | -15.2% |
| Other tangible fixed assets | 26 | €25,866 | €21,942 | -€3,923 | -15.2% |
| Current assets | 29/58 | €61,609 | €272,407 | +€210,798 | +342.2% |
| Amounts receivable within one year | 40/41 | €14,893 | €4,194 | -€10,699 | -71.8% |
| Trade receivables | 40 | - | €250 | +€250 | |
| Other amounts receivable | 41 | €14,893 | €3,944 | -€10,949 | -73.5% |
| Cash at bank and in hand | 54/58 | €45,358 | €267,859 | +€222,501 | +490.5% |
| Deferred charges and accrued income | 490/1 | €1,358 | €354 | -€1,005 | -74.0% |
| Total equity and liabilities | 10/49 | €87,475 | €294,349 | +€206,874 | +236.5% |
| Equity | 10/15 | €60,085 | €218,686 | +€158,600 | +264.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €55,085 | €213,686 | +€158,600 | +287.9% |
| Distributable reserves | 133 | €55,085 | €213,686 | +€158,600 | +287.9% |
| Amounts payable | 17/49 | €27,390 | €75,664 | +€48,274 | +176.2% |
| Amounts payable within one year | 42/48 | €27,390 | €75,664 | +€48,274 | +176.2% |
| Trade debts | 44 | €451 | €3,986 | +€3,535 | +784.4% |
| Suppliers | 440/4 | €451 | €3,986 | +€3,535 | +784.4% |
| Taxes, remuneration and social security | 45 | €26,939 | €71,678 | +€44,739 | +166.1% |
| Taxes | 450/3 | €26,939 | €71,678 | +€44,739 | +166.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,026 | €6,146 | +€1,121 | +22.3% |
| Other operating charges | 640/8 | €2,492 | €1,932 | -€560 | -22.5% |
| Gross operating margin | 9900 | €54,026 | €219,308 | +€165,282 | +305.9% |
| Operating profit (loss) | 9901 | €46,508 | €211,230 | +€164,722 | +354.2% |
| Financial income | 75/76B | €432 | €283 | -€149 | -34.6% |
| Recurring financial income | 75 | €432 | €283 | -€149 | -34.6% |
| Financial charges | 65/66B | €112 | €654 | +€541 | +482.7% |
| Recurring financial charges | 65 | €112 | €654 | +€541 | +482.7% |
| Profit (loss) for the period before taxes | 9903 | €46,828 | €210,859 | +€164,031 | +350.3% |
| Income taxes | 67/77 | €20,212 | €52,259 | +€32,046 | +158.5% |
| Profit (loss) for the period | 9904 | €26,616 | €158,600 | +€131,985 | +495.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,616 | €158,600 | +€131,985 | +495.9% |
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 4 October 2026 via checked.be.