HH HOLDING: 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 HOLDING
Largest movements
- Financial fixed assets +€3.8m
up €3.8m (+59.3%), from €6.4m to €10.2m
- Stocks and contracts +€2.8m
new in 2025: €2.8m
- Cash -€2.3m
down €2.3m (-99.5%), from €2.3m to €10,928
mainly Investment in fixed assets (net) (-€3.8m) and Stocks and contracts (-€2.8m)
- Receivables within one year -€250,945
down €250,945 (-95.4%), from €262,948 to €12,003
of which Trade receivables: -€262,948
- Revaluation surpluses +€3.8m
new in 2025: €3.8m
- Other debts +€425,810
new in 2025: €425,810
- Financial income -€1.7m
down €1.7m (-97.6%), from €1.7m to €41,100
of which Non-recurring financial income: -€1.6m
- Taxes -€145,695
no longer reported in 2025 (was €145,695)
- Financial charges +€51,111
up €51,111 (+46.7%), from €109,490 to €160,601
- Gross operating margin +€7,325
up €7,325 (+55.2%), from -€13,269 to -€5,943
- Other operating charges -€271
down €271 (-21.9%), from €1,239 to €968
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 | €8,911,027 | €13,020,439 | +€4.1m | +46.1% |
| Fixed assets | 21/28 | €6,370,952 | €10,150,720 | +€3.8m | +59.3% |
| Financial fixed assets | 28 | €6,370,952 | €10,150,720 | +€3.8m | +59.3% |
| Current assets | 29/58 | €2,540,075 | €2,869,719 | +€329,644 | +13.0% |
| Stocks and contracts in progress | 3 | - | €2,846,732 | +€2.8m | |
| Stocks | 30/36 | - | €2,846,732 | +€2.8m | |
| Amounts receivable within one year | 40/41 | €262,948 | €12,003 | -€250,945 | -95.4% |
| Trade receivables | 40 | €262,948 | - | -€262,948 | |
| Other amounts receivable | 41 | - | €12,003 | +€12,003 | |
| Cash at bank and in hand | 54/58 | €2,277,072 | €10,928 | -€2.3m | -99.5% |
| Deferred charges and accrued income | 490/1 | €54 | €56 | +€2 | +4.2% |
| Total equity and liabilities | 10/49 | €8,911,027 | €13,020,439 | +€4.1m | +46.1% |
| Equity | 10/15 | €6,780,256 | €10,433,612 | +€3.7m | +53.9% |
| Contributions | 10/11 | €2,553,035 | €2,553,035 | = | 0.0% |
| Revaluation surpluses | 12 | - | €3,779,768 | +€3.8m | |
| Reserves | 13 | €4,226,950 | €4,226,950 | = | 0.0% |
| Distributable reserves | 133 | €4,226,950 | €4,226,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272 | -€126,140 | -€126,412 | |
| Amounts payable | 17/49 | €2,130,771 | €2,586,827 | +€456,056 | +21.4% |
| Amounts payable after more than one year | 17 | €1,900,000 | €2,000,000 | +€100,000 | +5.3% |
| Other amounts payable | 178/9 | €1,900,000 | €2,000,000 | +€100,000 | +5.3% |
| Amounts payable within one year | 42/48 | €122,471 | €426,412 | +€303,941 | +248% |
| Trade debts | 44 | €54 | €602 | +€548 | +1,015% |
| Suppliers | 440/4 | €54 | €602 | +€548 | +1,015% |
| Taxes, remuneration and social security | 45 | €122,417 | - | -€122,417 | |
| Taxes | 450/3 | €122,417 | - | -€122,417 | |
| Other amounts payable | 47/48 | - | €425,810 | +€425,810 | |
| Accrued charges and deferred income | 492/3 | €108,300 | €160,415 | +€52,115 | +48.1% |
| Other operating charges | 640/8 | €1,239 | €968 | -€271 | -21.9% |
| Gross operating margin | 9900 | -€13,269 | -€5,943 | +€7,325 | +55.2% |
| Operating profit (loss) | 9901 | -€14,507 | -€6,911 | +€7,596 | +52.4% |
| Financial income | 75/76B | €1,726,645 | €41,100 | -€1.7m | -97.6% |
| Recurring financial income | 75 | €77,595 | €41,100 | -€36,495 | -47.0% |
| Non-recurring financial income | 76B | €1,649,050 | - | -€1.6m | |
| Financial charges | 65/66B | €109,490 | €160,601 | +€51,111 | +46.7% |
| Recurring financial charges | 65 | €109,490 | €160,601 | +€51,111 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €1,602,647 | -€126,412 | -€1.7m | |
| Income taxes | 67/77 | €145,695 | - | -€145,695 | |
| Profit (loss) for the period | 9904 | €1,456,952 | -€126,412 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,456,952 | -€126,412 | -€1.6m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.