HFONTAINE: 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.
HFONTAINE
Largest movements
- Tangible fixed assets -€6,904
down €6,904 (-6.9%), from €99,901 to €92,996
of which Land and buildings: -€6,409
- Cash -€5,904
down €5,904 (-31.8%), from €18,581 to €12,678
mainly Contributions, distributions and other (-€10,000) and Net result for the year (-€7,402)
- Profit (loss) carried forward -€17,402
down €17,402 (-58.9%), from €29,524 to €12,122
- Other debts +€3,000
up €3,000 (+28.3%), from €10,612 to €13,612
- Gross operating margin -€11,765
down €11,765 (-68.3%), from €17,218 to €5,453
- Other operating charges +€2,744
up €2,744 (+90.4%), from €3,036 to €5,781
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.
Derived cash bridge
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 | €121,503 | €108,187 | -€13,316 | -11.0% |
| Fixed assets | 21/28 | €99,901 | €92,996 | -€6,904 | -6.9% |
| Tangible fixed assets | 22/27 | €99,901 | €92,996 | -€6,904 | -6.9% |
| Land and buildings | 22 | €98,416 | €92,006 | -€6,409 | -6.5% |
| Plant, machinery and equipment | 23 | €1,485 | €990 | -€495 | -33.3% |
| Current assets | 29/58 | €21,602 | €15,191 | -€6,411 | -29.7% |
| Cash at bank and in hand | 54/58 | €18,581 | €12,678 | -€5,904 | -31.8% |
| Deferred charges and accrued income | 490/1 | €3,021 | €2,513 | -€508 | -16.8% |
| Total equity and liabilities | 10/49 | €121,503 | €108,187 | -€13,316 | -11.0% |
| Equity | 10/15 | €108,115 | €90,713 | -€17,402 | -16.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €53,590 | €53,590 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,311 | €2,311 | = | 0.0% |
| Financial assistance | 1313 | €2,311 | €2,311 | = | 0.0% |
| Distributable reserves | 133 | €51,279 | €51,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,524 | €12,122 | -€17,402 | -58.9% |
| Amounts payable | 17/49 | €13,388 | €17,475 | +€4,086 | +30.5% |
| Amounts payable within one year | 42/48 | €13,388 | €17,475 | +€4,086 | +30.5% |
| Trade debts | 44 | €2,776 | €3,862 | +€1,086 | +39.1% |
| Suppliers | 440/4 | €2,776 | €3,862 | +€1,086 | +39.1% |
| Other amounts payable | 47/48 | €10,612 | €13,612 | +€3,000 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,904 | €6,904 | +€1 | 0.0% |
| Other operating charges | 640/8 | €3,036 | €5,781 | +€2,744 | +90.4% |
| Gross operating margin | 9900 | €17,218 | €5,453 | -€11,765 | -68.3% |
| Operating profit (loss) | 9901 | €7,278 | -€7,232 | -€14,510 | |
| Financial charges | 65/66B | €180 | €170 | -€10 | -5.4% |
| Recurring financial charges | 65 | €180 | €170 | -€10 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €7,098 | -€7,402 | -€14,500 | |
| Profit (loss) for the period | 9904 | €7,098 | -€7,402 | -€14,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,098 | -€7,402 | -€14,500 |
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 19 October 2026 via checked.be.