HNadvice: 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.
HNadvice
Largest movements
- Current investments -€166,136
down €166,136 (-64.7%), from €256,670 to €90,534
- Cash +€163,664
up €163,664 (+217.6%), from €75,211 to €238,875
mainly Current investments (+€166,136) and Depreciation (+€7,227)
- Receivables within one year +€5,571
up €5,571 (+79.2%), from €7,035 to €12,606
of which Trade receivables: +€4,070
- Tangible fixed assets -€4,513
down €4,513 (-31.2%), from €14,447 to €9,935
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€13,739
up €13,739 (+1498.5%), from €917 to €14,656
- Gross operating margin -€2,813
down €2,813 (-240.2%), from -€1,171 to -€3,984
- Financial charges +€1,675
up €1,675 (+138.5%), from €1,209 to €2,883
- Depreciation +€652
up €652 (+9.9%), from €6,575 to €7,227
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 | €408,602 | €408,716 | +€114 | 0.0% |
| Fixed assets | 21/28 | €14,797 | €10,285 | -€4,513 | -30.5% |
| Tangible fixed assets | 22/27 | €14,447 | €9,935 | -€4,513 | -31.2% |
| Furniture and vehicles | 24 | €14,447 | €9,935 | -€4,513 | -31.2% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €393,805 | €398,432 | +€4,627 | +1.2% |
| Stocks and contracts in progress | 3 | €53,995 | €55,462 | +€1,466 | +2.7% |
| Stocks | 30/36 | €53,995 | €55,462 | +€1,466 | +2.7% |
| Amounts receivable within one year | 40/41 | €7,035 | €12,606 | +€5,571 | +79.2% |
| Trade receivables | 40 | €5,140 | €9,209 | +€4,070 | +79.2% |
| Other amounts receivable | 41 | €1,895 | €3,397 | +€1,502 | +79.2% |
| Current investments | 50/53 | €256,670 | €90,534 | -€166,136 | -64.7% |
| Cash at bank and in hand | 54/58 | €75,211 | €238,875 | +€163,664 | +217.6% |
| Deferred charges and accrued income | 490/1 | €894 | €956 | +€61 | +6.9% |
| Total equity and liabilities | 10/49 | €408,602 | €408,716 | +€114 | 0.0% |
| Equity | 10/15 | €128,840 | €128,235 | -€605 | -0.5% |
| Contributions | 10/11 | €316,200 | €316,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,220 | -€189,825 | -€605 | -0.3% |
| Amounts payable | 17/49 | €279,763 | €280,482 | +€719 | +0.3% |
| Amounts payable within one year | 42/48 | €279,482 | €279,977 | +€494 | +0.2% |
| Trade debts | 44 | €922 | €62 | -€860 | -93.3% |
| Suppliers | 440/4 | €922 | €62 | -€860 | -93.3% |
| Taxes, remuneration and social security | 45 | €1,148 | €2,478 | +€1,329 | +115.8% |
| Taxes | 450/3 | €1,148 | €2,478 | +€1,329 | +115.8% |
| Other amounts payable | 47/48 | €277,412 | €277,437 | +€25 | 0.0% |
| Accrued charges and deferred income | 492/3 | €280 | €505 | +€225 | +80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,575 | €7,227 | +€652 | +9.9% |
| Other operating charges | 640/8 | €1,005 | €1,034 | +€30 | +2.9% |
| Gross operating margin | 9900 | -€1,171 | -€3,984 | -€2,813 | -240.2% |
| Operating profit (loss) | 9901 | -€8,751 | -€12,245 | -€3,494 | -39.9% |
| Financial income | 75/76B | €917 | €14,656 | +€13,739 | +1498.5% |
| Recurring financial income | 75 | €917 | €14,656 | +€13,739 | +1498.5% |
| Financial charges | 65/66B | €1,209 | €2,883 | +€1,675 | +138.5% |
| Recurring financial charges | 65 | €1,209 | €2,883 | +€1,675 | +138.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,043 | -€472 | +€8,571 | +94.8% |
| Income taxes | 67/77 | €133 | €133 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,176 | -€605 | +€8,571 | +93.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,176 | -€605 | +€8,571 | +93.4% |
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 10 October 2026 via checked.be.