HA19: 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.
HA19
Largest movements
- Cash +€59,653
up €59,653 (+80.4%), from €74,190 to €133,842
mainly Net result for the year (+€54,912) and Receivables within one year (+€24,551)
- Current investments +€26,250
new in 2025: €26,250
- Receivables within one year -€24,551
down €24,551 (-62.4%), from €39,327 to €14,775
of which Trade receivables: -€24,551
- Profit (loss) carried forward +€54,912
up €54,912 (+58.1%), from €94,556 to €149,468
- Tax, wage and social debts +€5,457
up €5,457 (+50.3%), from €10,855 to €16,312
of which Taxes: +€5,457
- Gross operating margin +€86,008
up €86,008, from -€15,222 to €70,786
- Taxes +€11,579
up €11,579 (+5157.4%), from €225 to €11,804
- Other operating charges -€2,098
down €2,098 (-52.8%), from €3,971 to €1,873
- Depreciation +€779
up €779 (+174.4%), from €447 to €1,226
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 | €123,267 | €183,271 | +€60,004 | +48.7% |
| Fixed assets | 21/28 | €9,101 | €7,875 | -€1,226 | -13.5% |
| Tangible fixed assets | 22/27 | €9,101 | €7,875 | -€1,226 | -13.5% |
| Furniture and vehicles | 24 | €9,101 | €7,875 | -€1,226 | -13.5% |
| Current assets | 29/58 | €114,166 | €175,396 | +€61,230 | +53.6% |
| Amounts receivable within one year | 40/41 | €39,327 | €14,775 | -€24,551 | -62.4% |
| Trade receivables | 40 | €24,551 | - | -€24,551 | |
| Other amounts receivable | 41 | €14,775 | €14,775 | = | 0.0% |
| Current investments | 50/53 | - | €26,250 | +€26,250 | |
| Cash at bank and in hand | 54/58 | €74,190 | €133,842 | +€59,653 | +80.4% |
| Deferred charges and accrued income | 490/1 | €650 | €528 | -€122 | -18.7% |
| Total equity and liabilities | 10/49 | €123,267 | €183,271 | +€60,004 | +48.7% |
| Equity | 10/15 | €95,556 | €150,468 | +€54,912 | +57.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,556 | €149,468 | +€54,912 | +58.1% |
| Amounts payable | 17/49 | €27,711 | €32,803 | +€5,092 | +18.4% |
| Amounts payable within one year | 42/48 | €27,711 | €32,803 | +€5,092 | +18.4% |
| Trade debts | 44 | €4,820 | €4,352 | -€468 | -9.7% |
| Suppliers | 440/4 | €4,820 | €4,352 | -€468 | -9.7% |
| Taxes, remuneration and social security | 45 | €10,855 | €16,312 | +€5,457 | +50.3% |
| Taxes | 450/3 | €6,355 | €11,812 | +€5,457 | +85.9% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | €12,036 | €12,139 | +€103 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447 | €1,226 | +€779 | +174.4% |
| Other operating charges | 640/8 | €3,971 | €1,873 | -€2,098 | -52.8% |
| Gross operating margin | 9900 | -€15,222 | €70,786 | +€86,008 | |
| Operating profit (loss) | 9901 | -€19,640 | €67,687 | +€87,327 | |
| Financial charges | 65/66B | €1,094 | €971 | -€123 | -11.2% |
| Recurring financial charges | 65 | €1,094 | €971 | -€123 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,734 | €66,716 | +€87,450 | |
| Income taxes | 67/77 | €225 | €11,804 | +€11,579 | +5157.4% |
| Profit (loss) for the period | 9904 | -€20,959 | €54,912 | +€75,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,959 | €54,912 | +€75,871 |
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 8 October 2026 via checked.be.