HH: 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.
HH
Largest movements
- Receivables within one year -€54,208
down €54,208 (-84.9%), from €63,876 to €9,668
of which Trade receivables: -€53,070
- Cash -€9,017
down €9,017 (-16.9%), from €53,386 to €44,369
mainly Other debts (-€43,011) and Trade debts (-€24,824)
- Stocks and contracts -€6,022
down €6,022 (-3.1%), from €197,043 to €191,021
- Deferred charges and accrued income +€4,349
new in 2025: €4,349
- Reserves +€92,710
up €92,710 (+4048.4%), from €2,290 to €95,000
of which Distributable reserves: +€95,000
- Profit (loss) carried forward -€76,936
down €76,936 (-96.5%), from €79,714 to €2,778
- Other debts -€43,011
down €43,011 (-28.4%), from €151,366 to €108,355
- Trade debts -€24,824
down €24,824 (-57.0%), from €43,570 to €18,746
- Tax, wage and social debts -€13,772
down €13,772 (-54.6%), from €25,209 to €11,437
of which Taxes: -€11,341
- Gross operating margin -€9,296
down €9,296 (-18.2%), from €50,991 to €41,695
- Taxes +€1,362
up €1,362 (+18.2%), from €7,497 to €8,859
- Staff costs -€1,333
down €1,333 (-8.1%), from €16,400 to €15,067
- Other operating charges -€1,251
down €1,251 (-71.6%), from €1,748 to €497
- Financial income +€868
up €868 (+396.0%), from €219 to €1,088
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 | €320,742 | €254,916 | -€65,826 | -20.5% |
| Fixed assets | 21/28 | €6,436 | €5,509 | -€928 | -14.4% |
| Tangible fixed assets | 22/27 | €3,187 | €2,260 | -€928 | -29.1% |
| Furniture and vehicles | 24 | €1,454 | €843 | -€611 | -42.0% |
| Other tangible fixed assets | 26 | €1,733 | €1,417 | -€317 | -18.3% |
| Financial fixed assets | 28 | €3,249 | €3,249 | = | 0.0% |
| Current assets | 29/58 | €314,305 | €249,407 | -€64,898 | -20.6% |
| Stocks and contracts in progress | 3 | €197,043 | €191,021 | -€6,022 | -3.1% |
| Stocks | 30/36 | €197,043 | €191,021 | -€6,022 | -3.1% |
| Amounts receivable within one year | 40/41 | €63,876 | €9,668 | -€54,208 | -84.9% |
| Trade receivables | 40 | €59,641 | €6,571 | -€53,070 | -89.0% |
| Other amounts receivable | 41 | €4,235 | €3,097 | -€1,138 | -26.9% |
| Cash at bank and in hand | 54/58 | €53,386 | €44,369 | -€9,017 | -16.9% |
| Deferred charges and accrued income | 490/1 | - | €4,349 | +€4,349 | |
| Total equity and liabilities | 10/49 | €320,742 | €254,916 | -€65,826 | -20.5% |
| Equity | 10/15 | €100,596 | €116,370 | +€15,774 | +15.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €2,290 | €95,000 | +€92,710 | +4048.4% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €431 | €0 | -€431 | -100.0% |
| Distributable reserves | 133 | - | €95,000 | +€95,000 | |
| Profit (loss) carried forward | 14 | €79,714 | €2,778 | -€76,936 | -96.5% |
| Amounts payable | 17/49 | €220,146 | €138,546 | -€81,600 | -37.1% |
| Amounts payable within one year | 42/48 | €220,146 | €138,538 | -€81,607 | -37.1% |
| Trade debts | 44 | €43,570 | €18,746 | -€24,824 | -57.0% |
| Suppliers | 440/4 | €43,570 | €18,746 | -€24,824 | -57.0% |
| Taxes, remuneration and social security | 45 | €25,209 | €11,437 | -€13,772 | -54.6% |
| Taxes | 450/3 | €20,815 | €9,474 | -€11,341 | -54.5% |
| Remuneration and social security | 454/9 | €4,395 | €1,963 | -€2,432 | -55.3% |
| Other amounts payable | 47/48 | €151,366 | €108,355 | -€43,011 | -28.4% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Remuneration, social security and pensions | 62 | €16,400 | €15,067 | -€1,333 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | €928 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,748 | €497 | -€1,251 | -71.6% |
| Gross operating margin | 9900 | €50,991 | €41,695 | -€9,296 | -18.2% |
| Operating profit (loss) | 9901 | €31,915 | €25,203 | -€6,712 | -21.0% |
| Financial income | 75/76B | €219 | €1,088 | +€868 | +396.0% |
| Recurring financial income | 75 | €219 | €1,088 | +€868 | +396.0% |
| Financial charges | 65/66B | €1,896 | €1,658 | -€237 | -12.5% |
| Recurring financial charges | 65 | €1,896 | €1,658 | -€237 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €30,239 | €24,632 | -€5,606 | -18.5% |
| Income taxes | 67/77 | €7,497 | €8,859 | +€1,362 | +18.2% |
| Profit (loss) for the period | 9904 | €22,741 | €15,774 | -€6,968 | -30.6% |
| Transfer from tax-exempt reserves | 789 | - | €431 | +€431 | |
| Transfer to tax-exempt reserves | 689 | €87 | €0 | -€87 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,654 | €16,205 | -€6,450 | -28.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.