HC: 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.
HC
Largest movements
- Stocks and contracts +€25,914
new in 2025: €25,914
- Cash -€8,056
down €8,056 (-89.8%), from €8,970 to €914
mainly Stocks and contracts (-€25,914) and Net result for the year (-€2,865)
- Receivables within one year +€2,654
up €2,654 (+98.2%), from €2,702 to €5,357
of which Other amounts receivable: +€2,731
- Other debts +€21,714
up €21,714 (+621.5%), from €3,494 to €25,208
- Profit (loss) carried forward -€2,865
down €2,865 (-92.0%), from -€3,115 to -€5,980
- Trade debts +€1,654
up €1,654 (+550.1%), from €301 to €1,954
- Gross operating margin +€1,083
up €1,083 (+34.8%), from -€3,111 to -€2,027
- Other operating charges +€787
new in 2025: €787
- Financial charges +€73
up €73 (+331.6%), from €22 to €95
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 | €11,672 | €32,184 | +€20,512 | +175.7% |
| Current assets | 29/58 | €11,672 | €32,184 | +€20,512 | +175.7% |
| Stocks and contracts in progress | 3 | - | €25,914 | +€25,914 | |
| Stocks | 30/36 | - | €25,914 | +€25,914 | |
| Amounts receivable within one year | 40/41 | €2,702 | €5,357 | +€2,654 | +98.2% |
| Trade receivables | 40 | €2,315 | €2,239 | -€76 | -3.3% |
| Other amounts receivable | 41 | €387 | €3,118 | +€2,731 | +705.1% |
| Cash at bank and in hand | 54/58 | €8,970 | €914 | -€8,056 | -89.8% |
| Total equity and liabilities | 10/49 | €11,672 | €32,184 | +€20,512 | +175.7% |
| Equity | 10/15 | €6,885 | €4,020 | -€2,865 | -41.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,115 | -€5,980 | -€2,865 | -92.0% |
| Amounts payable | 17/49 | €4,787 | €28,164 | +€23,377 | +488.4% |
| Amounts payable within one year | 42/48 | €4,787 | €28,164 | +€23,377 | +488.4% |
| Trade debts | 44 | €301 | €1,954 | +€1,654 | +550.1% |
| Suppliers | 440/4 | €301 | €1,954 | +€1,654 | +550.1% |
| Taxes, remuneration and social security | 45 | €992 | €1,002 | +€9 | +0.9% |
| Taxes | 450/3 | - | €2 | +€2 | |
| Remuneration and social security | 454/9 | €992 | €1,000 | +€8 | +0.8% |
| Other amounts payable | 47/48 | €3,494 | €25,208 | +€21,714 | +621.5% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | -€3,111 | -€2,027 | +€1,083 | +34.8% |
| Operating profit (loss) | 9901 | -€3,111 | -€2,814 | +€296 | +9.5% |
| Financial income | 75/76B | €18 | €44 | +€27 | +149.8% |
| Recurring financial income | 75 | €18 | €44 | +€27 | +149.8% |
| Financial charges | 65/66B | €22 | €95 | +€73 | +331.6% |
| Recurring financial charges | 65 | €22 | €95 | +€73 | +331.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,115 | -€2,865 | +€250 | +8.0% |
| Profit (loss) for the period | 9904 | -€3,115 | -€2,865 | +€250 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,115 | -€2,865 | +€250 | +8.0% |
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.