H80°: 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.
H80°
Largest movements
- Cash -€42,253
down €42,253 (-99.1%), from €42,653 to €400
mainly Receivables within one year (-€38,684) and Net result for the year (-€11,310)
- Receivables within one year +€38,684
up €38,684 (+20.6%), from €188,230 to €226,914
of which Trade receivables: +€20,998
- Tangible fixed assets +€6,272
new in 2025: €6,272
- Profit (loss) carried forward -€11,310
down €11,310 (-67.8%), from €16,686 to €5,377
- Short-term financial debts +€10,089
new in 2025: €10,089
- Gross operating margin -€53,960
down €53,960 (-87.2%), from €61,880 to €7,921
- Taxes -€8,739
no longer reported in 2025 (was €8,739)
- Staff costs +€3,131
up €3,131 (+18.4%), from €17,059 to €20,189
- Financial income +€3,086
new in 2025: €3,086
- Depreciation +€753
new in 2025: €753
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 | €241,768 | €244,448 | +€2,679 | +1.1% |
| Fixed assets | 21/28 | €125 | €6,397 | +€6,272 | +5017.3% |
| Tangible fixed assets | 22/27 | - | €6,272 | +€6,272 | |
| Furniture and vehicles | 24 | - | €6,272 | +€6,272 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €241,643 | €238,051 | -€3,592 | -1.5% |
| Stocks and contracts in progress | 3 | €774 | €619 | -€155 | -20.0% |
| Stocks | 30/36 | €774 | €619 | -€155 | -20.0% |
| Amounts receivable within one year | 40/41 | €188,230 | €226,914 | +€38,684 | +20.6% |
| Trade receivables | 40 | €57,654 | €78,652 | +€20,998 | +36.4% |
| Other amounts receivable | 41 | €130,577 | €148,263 | +€17,686 | +13.5% |
| Cash at bank and in hand | 54/58 | €42,653 | €400 | -€42,253 | -99.1% |
| Deferred charges and accrued income | 490/1 | €9,986 | €10,118 | +€131 | +1.3% |
| Total equity and liabilities | 10/49 | €241,768 | €244,448 | +€2,679 | +1.1% |
| Equity | 10/15 | €155,986 | €144,677 | -€11,310 | -7.3% |
| Contributions | 10/11 | €136,500 | €136,500 | = | 0.0% |
| Capital | 10 | €136,500 | €136,500 | = | 0.0% |
| Issued capital | 100 | €136,500 | €136,500 | = | 0.0% |
| Reserves | 13 | €2,800 | €2,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,800 | €2,800 | = | 0.0% |
| Legal reserve | 130 | €2,800 | €2,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,686 | €5,377 | -€11,310 | -67.8% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Environmental obligations | 163 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €80,782 | €94,771 | +€13,989 | +17.3% |
| Amounts payable within one year | 42/48 | €80,640 | €94,229 | +€13,589 | +16.9% |
| Financial debts | 43 | - | €10,089 | +€10,089 | |
| Credit institutions | 430/8 | - | €10,089 | +€10,089 | |
| Trade debts | 44 | €38,115 | €39,718 | +€1,603 | +4.2% |
| Suppliers | 440/4 | €38,115 | €39,718 | +€1,603 | +4.2% |
| Advances received on contracts in progress | 46 | €29,838 | €29,838 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,688 | €14,585 | +€1,897 | +15.0% |
| Taxes | 450/3 | €10,468 | €10,916 | +€447 | +4.3% |
| Remuneration and social security | 454/9 | €2,219 | €3,669 | +€1,450 | +65.3% |
| Accrued charges and deferred income | 492/3 | €142 | €542 | +€400 | +281.5% |
| Remuneration, social security and pensions | 62 | €17,059 | €20,189 | +€3,131 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €753 | +€753 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €61,880 | €7,921 | -€53,960 | -87.2% |
| Operating profit (loss) | 9901 | €44,434 | -€13,422 | -€57,856 | |
| Financial income | 75/76B | - | €3,086 | +€3,086 | |
| Recurring financial income | 75 | - | €3,086 | +€3,086 | |
| Financial charges | 65/66B | €489 | €974 | +€485 | +99.1% |
| Recurring financial charges | 65 | €489 | €974 | +€485 | +99.1% |
| Profit (loss) for the period before taxes | 9903 | €43,945 | -€11,310 | -€55,255 | |
| Income taxes | 67/77 | €8,739 | - | -€8,739 | |
| Profit (loss) for the period | 9904 | €35,207 | -€11,310 | -€46,517 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,207 | -€11,310 | -€46,517 |
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 1 October 2026 via checked.be.