HoS: 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.
HoS
Largest movements
- Cash +€26,628
up €26,628 (+247.4%), from €10,761 to €37,390
mainly Net result for the year (+€15,219) and Other debts (+€11,756)
- Intangible fixed assets +€5,858
up €5,858 (+585754.0%), from €1 to €5,859
- Tangible fixed assets -€4,805
down €4,805 (-10.9%), from €44,010 to €39,205
of which Plant, machinery and equipment: -€7,200
- Profit (loss) carried forward +€14,386
up €14,386 (+61.7%), from €23,303 to €37,689
- Other debts +€11,756
up €11,756 (+1411.3%), from €833 to €12,589
- Debts after one year -€8,551
down €8,551 (-32.6%), from €26,196 to €17,645
- Trade debts +€5,779
up €5,779 (+131.3%), from €4,403 to €10,182
- Tax, wage and social debts +€3,422
up €3,422 (+56.0%), from €6,112 to €9,535
- Depreciation +€8,518
up €8,518 (+293.4%), from €2,903 to €11,421
- Financial charges +€2,229
up €2,229 (+396.8%), from €562 to €2,790
- Taxes -€1,708
down €1,708 (-27.9%), from €6,112 to €4,405
- Financial income +€588
up €588 (+1882.8%), from €31 to €620
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 | €72,834 | €103,172 | +€30,338 | +41.7% |
| Fixed assets | 21/28 | €44,011 | €45,064 | +€1,053 | +2.4% |
| Intangible fixed assets | 21 | €1 | €5,859 | +€5,858 | +585754.0% |
| Tangible fixed assets | 22/27 | €44,010 | €39,205 | -€4,805 | -10.9% |
| Plant, machinery and equipment | 23 | €29,980 | €22,780 | -€7,200 | -24.0% |
| Furniture and vehicles | 24 | - | €5,302 | +€5,302 | |
| Leasing and similar rights | 25 | €14,029 | €11,123 | -€2,906 | -20.7% |
| Current assets | 29/58 | €28,823 | €58,109 | +€29,286 | +101.6% |
| Stocks and contracts in progress | 3 | €11,414 | €12,406 | +€992 | +8.7% |
| Stocks | 30/36 | €11,414 | €12,406 | +€992 | +8.7% |
| Amounts receivable within one year | 40/41 | €6,648 | €7,509 | +€862 | +13.0% |
| Trade receivables | 40 | €378 | €7,076 | +€6,698 | +1769.7% |
| Other amounts receivable | 41 | €6,269 | €433 | -€5,836 | -93.1% |
| Cash at bank and in hand | 54/58 | €10,761 | €37,390 | +€26,628 | +247.4% |
| Deferred charges and accrued income | 490/1 | - | €804 | +€804 | |
| Total equity and liabilities | 10/49 | €72,834 | €103,172 | +€30,338 | +41.7% |
| Equity | 10/15 | €25,803 | €40,189 | +€14,386 | +55.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,303 | €37,689 | +€14,386 | +61.7% |
| Amounts payable | 17/49 | €47,031 | €62,984 | +€15,953 | +33.9% |
| Amounts payable after more than one year | 17 | €26,196 | €17,645 | -€8,551 | -32.6% |
| Financial debts | 170/4 | €26,196 | €17,645 | -€8,551 | -32.6% |
| Amounts payable within one year | 42/48 | €19,394 | €42,838 | +€23,444 | +120.9% |
| Current portion of amounts payable after more than one year | 42 | €8,046 | €8,551 | +€505 | +6.3% |
| Trade debts | 44 | €4,403 | €10,182 | +€5,779 | +131.3% |
| Suppliers | 440/4 | €4,403 | €10,182 | +€5,779 | +131.3% |
| Advances received on contracts in progress | 46 | - | €1,981 | +€1,981 | |
| Taxes, remuneration and social security | 45 | €6,112 | €9,535 | +€3,422 | +56.0% |
| Taxes | 450/3 | €6,112 | €9,535 | +€3,422 | +56.0% |
| Other amounts payable | 47/48 | €833 | €12,589 | +€11,756 | +1411.3% |
| Accrued charges and deferred income | 492/3 | €1,441 | €2,501 | +€1,060 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,903 | €11,421 | +€8,518 | +293.4% |
| Other operating charges | 640/8 | - | €194 | +€194 | |
| Gross operating margin | 9900 | €33,682 | €33,409 | -€273 | -0.8% |
| Operating profit (loss) | 9901 | €30,779 | €21,794 | -€8,985 | -29.2% |
| Financial income | 75/76B | €31 | €620 | +€588 | +1882.8% |
| Recurring financial income | 75 | €31 | €620 | +€588 | +1882.8% |
| Financial charges | 65/66B | €562 | €2,790 | +€2,229 | +396.8% |
| Recurring financial charges | 65 | €562 | €2,790 | +€2,229 | +396.8% |
| Profit (loss) for the period before taxes | 9903 | €30,248 | €19,623 | -€10,625 | -35.1% |
| Income taxes | 67/77 | €6,112 | €4,405 | -€1,708 | -27.9% |
| Profit (loss) for the period | 9904 | €24,136 | €15,219 | -€8,917 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,136 | €15,219 | -€8,917 | -36.9% |
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 9 October 2026 via checked.be.