HH COUSINS: 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.
HH COUSINS
Largest movements
- Receivables within one year -€13,539
down €13,539 (-21.2%), from €63,915 to €50,377
of which Other amounts receivable: -€11,679
- Tangible fixed assets -€5,105
down €5,105 (-46.6%), from €10,957 to €5,852
of which Furniture and vehicles: -€2,744
- Trade debts -€20,490
down €20,490 (-38.9%), from €52,650 to €32,160
- Current portion of long-term debt +€2,594
up €2,594 (+214%), from €1,214 to €3,808
- Tax, wage and social debts -€1,672
down €1,672 (-9.3%), from €17,936 to €16,264
of which Remuneration and social security: -€5,049
- Profit (loss) carried forward +€1,467
up €1,467 (+9.0%), from -€16,394 to -€14,926
- Staff costs -€15,558
down €15,558 (-27.2%), from €57,171 to €41,613
- Financial charges +€9,087
up €9,087 (+805%), from €1,129 to €10,215
- Gross operating margin +€8,865
up €8,865 (+16.4%), from €53,986 to €62,852
- Other operating charges -€3,086
down €3,086 (-42.9%), from €7,196 to €4,110
- Taxes +€1,300
up €1,300 (+932%), from €140 to €1,439
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 | €85,405 | €67,305 | -€18,101 | -21.2% |
| Fixed assets | 21/28 | €15,457 | €10,352 | -€5,105 | -33.0% |
| Tangible fixed assets | 22/27 | €10,957 | €5,852 | -€5,105 | -46.6% |
| Plant, machinery and equipment | 23 | €678 | €137 | -€541 | -79.9% |
| Furniture and vehicles | 24 | €7,095 | €4,350 | -€2,744 | -38.7% |
| Other tangible fixed assets | 26 | €3,185 | €1,365 | -€1,820 | -57.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €69,948 | €56,953 | -€12,995 | -18.6% |
| Stocks and contracts in progress | 3 | €3,446 | €4,173 | +€727 | +21.1% |
| Stocks | 30/36 | €3,446 | €4,173 | +€727 | +21.1% |
| Amounts receivable within one year | 40/41 | €63,915 | €50,377 | -€13,539 | -21.2% |
| Trade receivables | 40 | €1,880 | €21 | -€1,859 | -98.9% |
| Other amounts receivable | 41 | €62,035 | €50,356 | -€11,679 | -18.8% |
| Cash at bank and in hand | 54/58 | €2,586 | €2,403 | -€183 | -7.1% |
| Total equity and liabilities | 10/49 | €85,405 | €67,305 | -€18,101 | -21.2% |
| Equity | 10/15 | €13,606 | €15,074 | +€1,467 | +10.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,394 | -€14,926 | +€1,467 | +9.0% |
| Amounts payable | 17/49 | €71,799 | €52,231 | -€19,568 | -27.3% |
| Amounts payable within one year | 42/48 | €71,799 | €52,231 | -€19,568 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €1,214 | €3,808 | +€2,594 | +214% |
| Trade debts | 44 | €52,650 | €32,160 | -€20,490 | -38.9% |
| Suppliers | 440/4 | €52,650 | €32,160 | -€20,490 | -38.9% |
| Taxes, remuneration and social security | 45 | €17,936 | €16,264 | -€1,672 | -9.3% |
| Taxes | 450/3 | €7,971 | €11,348 | +€3,377 | +42.4% |
| Remuneration and social security | 454/9 | €9,965 | €4,916 | -€5,049 | -50.7% |
| Remuneration, social security and pensions | 62 | €57,171 | €41,613 | -€15,558 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,685 | €6,610 | -€1,075 | -14.0% |
| Other operating charges | 640/8 | €7,196 | €4,110 | -€3,086 | -42.9% |
| Gross operating margin | 9900 | €53,986 | €62,852 | +€8,865 | +16.4% |
| Operating profit (loss) | 9901 | -€18,066 | €10,518 | +€28,584 | |
| Financial income | 75/76B | €1,436 | €2,604 | +€1,168 | +81.4% |
| Recurring financial income | 75 | €1,436 | €2,604 | +€1,168 | +81.4% |
| Financial charges | 65/66B | €1,129 | €10,215 | +€9,087 | +805% |
| Recurring financial charges | 65 | €1,129 | €10,215 | +€9,087 | +805% |
| Profit (loss) for the period before taxes | 9903 | -€17,759 | €2,907 | +€20,666 | |
| Income taxes | 67/77 | €140 | €1,439 | +€1,300 | +932% |
| Profit (loss) for the period | 9904 | -€17,898 | €1,467 | +€19,366 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,898 | €1,467 | +€19,366 |
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 26 October 2026 via checked.be.