HH INFRA: 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.
What changed
HH INFRA
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€43,252
2024 · €74,648-€31,396
Equity
€1.1m
2024 · €1.0m+€43,252
Cash
€948
2024 · €2,330-€1,383
Balance sheet total
€1.7m
2024 · €1.6m+€111,836
Largest movements
Assets
- Receivables after one year +€113,218
up €113,218 (+7.2%), from €1.6m to €1.7m
Equity and liabilities
- Accrued charges and deferred income +€48,958
up €48,958 (+49.9%), from €98,019 to €146,977
- Reserves +€43,252
up €43,252 (+6.2%), from €695,336 to €738,588
Income statement
- Financial charges +€26,606
up €26,606 (+117%), from €22,735 to €49,340
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.
Result 2024
€74,648
Other operating charges
+€292
Other operating items
+€1,415
Financial income
+€7,374
Financial charges
-€26,606
Taxes
-€13,872
Result 2025
€43,252
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€6,383
Investment
€0
Financing
+€5,000
Cash 2024
€2,330
From operations (derived)
-€6,383
Net result for the year
+€43,252
Receivables after one year
-€113,218
Trade debts
-€1,119
Tax, wage and social debts
+€15,745
Accrued charges and deferred income
+€48,958
Financing
+€5,000
Debts after one year
+€5,000
Cash 2025
€948
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,563,962 | €1,675,798 | +€111,836 | +7.2% |
| Current assets | 29/58 | €1,563,962 | €1,675,798 | +€111,836 | +7.2% |
| Amounts receivable after more than one year | 29 | €1,561,632 | €1,674,850 | +€113,218 | +7.2% |
| Other amounts receivable | 291 | €1,561,632 | €1,674,850 | +€113,218 | +7.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €2,330 | €948 | -€1,383 | -59.3% |
| Total equity and liabilities | 10/49 | €1,563,962 | €1,675,798 | +€111,836 | +7.2% |
| Equity | 10/15 | €1,015,336 | €1,058,588 | +€43,252 | +4.3% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €695,336 | €738,588 | +€43,252 | +6.2% |
| Distributable reserves | 133 | €695,336 | €738,588 | +€43,252 | +6.2% |
| Amounts payable | 17/49 | €548,626 | €617,210 | +€68,584 | +12.5% |
| Amounts payable after more than one year | 17 | €446,200 | €451,200 | +€5,000 | +1.1% |
| Financial debts | 170/4 | €446,200 | €451,200 | +€5,000 | +1.1% |
| Other loans | 174 | €446,200 | €451,200 | +€5,000 | +1.1% |
| Amounts payable within one year | 42/48 | €4,407 | €19,033 | +€14,626 | +332% |
| Trade debts | 44 | €2,534 | €1,415 | -€1,119 | -44.2% |
| Suppliers | 440/4 | €2,534 | €1,415 | -€1,119 | -44.2% |
| Taxes, remuneration and social security | 45 | €1,873 | €17,618 | +€15,745 | +841% |
| Taxes | 450/3 | €1,873 | €17,618 | +€15,745 | +841% |
| Accrued charges and deferred income | 492/3 | €98,019 | €146,977 | +€48,958 | +49.9% |
| Operating charges | 60/66A | €6,588 | €4,881 | -€1,707 | -25.9% |
| Services and other goods | 61 | €4,532 | €3,116 | -€1,415 | -31.2% |
| Other operating charges | 640/8 | €2,056 | €1,764 | -€292 | -14.2% |
| Operating profit (loss) | 9901 | -€6,588 | -€4,881 | +€1,707 | +25.9% |
| Financial income | 75/76B | €105,844 | €113,218 | +€7,374 | +7.0% |
| Recurring financial income | 75 | €105,844 | €113,218 | +€7,374 | +7.0% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €105,844 | €113,218 | +€7,374 | +7.0% |
| Financial charges | 65/66B | €22,735 | €49,340 | +€26,606 | +117% |
| Recurring financial charges | 65 | €22,735 | €49,340 | +€26,606 | +117% |
| Debt charges | 650 | €22,151 | €48,958 | +€26,807 | +121% |
| Other financial charges | 652/9 | €584 | €382 | -€202 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €76,521 | €58,997 | -€17,524 | -22.9% |
| Income taxes | 67/77 | €1,873 | €15,745 | +€13,872 | +741% |
| Taxes | 670/3 | €1,873 | €15,745 | +€13,872 | +741% |
| Profit (loss) for the period | 9904 | €74,648 | €43,252 | -€31,396 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,648 | €43,252 | -€31,396 | -42.1% |
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 27 October 2026 via checked.be.