HHH GROUP: 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.
HHH GROUP
Largest movements
- Tangible fixed assets -€24,217
down €24,217 (-3.0%), from €807,039 to €782,822
- Debts after one year -€29,215
down €29,215 (-5.0%), from €586,431 to €557,216
of which Financial debts: -€31,615
- Reserves +€14,400
new in 2025: €14,400
- Gross operating margin +€19,390
up €19,390 (+36.8%), from €52,622 to €72,012
- Taxes +€8,701
up €8,701 (+734.9%), from €1,184 to €9,885
- Depreciation -€2,879
down €2,879 (-10.6%), from €27,096 to €24,217
- Financial charges -€2,871
down €2,871 (-14.4%), from €19,981 to €17,110
- Other operating charges +€1,945
up €1,945 (+44.4%), from €4,377 to €6,323
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 | €822,586 | €809,394 | -€13,192 | -1.6% |
| Fixed assets | 21/28 | €807,039 | €782,822 | -€24,217 | -3.0% |
| Tangible fixed assets | 22/27 | €807,039 | €782,822 | -€24,217 | -3.0% |
| Land and buildings | 22 | €807,039 | €782,822 | -€24,217 | -3.0% |
| Current assets | 29/58 | €15,547 | €26,572 | +€11,025 | +70.9% |
| Amounts receivable within one year | 40/41 | €1,046 | €6,046 | +€5,000 | +478.1% |
| Trade receivables | 40 | €1,046 | €1,046 | = | 0.0% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €8,302 | €13,566 | +€5,264 | +63.4% |
| Deferred charges and accrued income | 490/1 | €6,199 | €6,961 | +€761 | +12.3% |
| Total equity and liabilities | 10/49 | €822,586 | €809,394 | -€13,192 | -1.6% |
| Equity | 10/15 | €102,187 | €116,663 | +€14,477 | +14.2% |
| Contributions | 10/11 | €19,535 | €19,535 | = | 0.0% |
| Reserves | 13 | - | €14,400 | +€14,400 | |
| Distributable reserves | 133 | - | €14,400 | +€14,400 | |
| Profit (loss) carried forward | 14 | €82,652 | €82,728 | +€77 | +0.1% |
| Amounts payable | 17/49 | €720,399 | €692,731 | -€27,669 | -3.8% |
| Amounts payable after more than one year | 17 | €586,431 | €557,216 | -€29,215 | -5.0% |
| Financial debts | 170/4 | €577,134 | €545,519 | -€31,615 | -5.5% |
| Other amounts payable | 178/9 | €9,297 | €11,697 | +€2,400 | +25.8% |
| Amounts payable within one year | 42/48 | €129,967 | €133,753 | +€3,786 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €29,522 | €31,615 | +€2,093 | +7.1% |
| Trade debts | 44 | €5,411 | €3,869 | -€1,542 | -28.5% |
| Suppliers | 440/4 | €5,411 | €3,869 | -€1,542 | -28.5% |
| Taxes, remuneration and social security | 45 | - | €8,079 | +€8,079 | |
| Taxes | 450/3 | - | €8,079 | +€8,079 | |
| Other amounts payable | 47/48 | €95,034 | €90,191 | -€4,844 | -5.1% |
| Accrued charges and deferred income | 492/3 | €4,001 | €1,761 | -€2,240 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,096 | €24,217 | -€2,879 | -10.6% |
| Other operating charges | 640/8 | €4,377 | €6,323 | +€1,945 | +44.4% |
| Gross operating margin | 9900 | €52,622 | €72,012 | +€19,390 | +36.8% |
| Operating profit (loss) | 9901 | €21,148 | €41,472 | +€20,324 | +96.1% |
| Financial charges | 65/66B | €19,981 | €17,110 | -€2,871 | -14.4% |
| Recurring financial charges | 65 | €19,981 | €17,110 | -€2,871 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €1,167 | €24,362 | +€23,195 | +1987.5% |
| Income taxes | 67/77 | €1,184 | €9,885 | +€8,701 | +734.9% |
| Profit (loss) for the period | 9904 | -€17 | €14,477 | +€14,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17 | €14,477 | +€14,494 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.