I.H.C.: 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.
I.H.C.
Largest movements
- Tangible fixed assets -€11,249
down €11,249 (-7.4%), from €151,347 to €140,098
- Receivables within one year -€3,196
down €3,196 (-10.3%), from €31,149 to €27,953
of which Trade receivables: -€2,920
- Profit (loss) carried forward -€11,842
down €11,842 (-5.0%), from -€237,152 to -€248,994
- Debts after one year -€3,585
down €3,585 (-7.7%), from €46,594 to €43,010
- Other debts +€2,263
up €2,263 (+1.4%), from €158,144 to €160,408
- Trade debts -€1,897
down €1,897 (-55.0%), from €3,447 to €1,550
- Purchases and services -€11,905
down €11,905 (-58.6%), from €20,307 to €8,402
- Turnover -€6,000
down €6,000 (-38.5%), from €15,600 to €9,600
- Gross operating margin +€5,905
up €5,905, from -€4,707 to €1,198
- Other operating charges +€1,087
up €1,087 (+1723.0%), from €63 to €1,150
- Depreciation +€926
up €926 (+9.0%), from €10,324 to €11,249
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 | €182,997 | €168,384 | -€14,613 | -8.0% |
| Fixed assets | 21/28 | €151,372 | €140,123 | -€11,249 | -7.4% |
| Tangible fixed assets | 22/27 | €151,347 | €140,098 | -€11,249 | -7.4% |
| Land and buildings | 22 | €151,347 | €140,098 | -€11,249 | -7.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €31,624 | €28,261 | -€3,363 | -10.6% |
| Amounts receivable within one year | 40/41 | €31,149 | €27,953 | -€3,196 | -10.3% |
| Trade receivables | 40 | €30,873 | €27,953 | -€2,920 | -9.5% |
| Other amounts receivable | 41 | €276 | - | -€276 | |
| Cash at bank and in hand | 54/58 | €475 | €308 | -€167 | -35.1% |
| Total equity and liabilities | 10/49 | €182,997 | €168,384 | -€14,613 | -8.0% |
| Equity | 10/15 | -€27,684 | -€39,526 | -€11,842 | -42.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €190,876 | €190,876 | = | 0.0% |
| Distributable reserves | 133 | €190,876 | €190,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,152 | -€248,994 | -€11,842 | -5.0% |
| Amounts payable | 17/49 | €210,681 | €207,910 | -€2,771 | -1.3% |
| Amounts payable after more than one year | 17 | €46,594 | €43,010 | -€3,585 | -7.7% |
| Financial debts | 170/4 | €46,594 | €43,010 | -€3,585 | -7.7% |
| Amounts payable within one year | 42/48 | €164,086 | €164,900 | +€814 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €2,495 | €2,754 | +€259 | +10.4% |
| Trade debts | 44 | €3,447 | €1,550 | -€1,897 | -55.0% |
| Suppliers | 440/4 | €3,447 | €1,550 | -€1,897 | -55.0% |
| Taxes, remuneration and social security | 45 | - | €189 | +€189 | |
| Taxes | 450/3 | - | €189 | +€189 | |
| Other amounts payable | 47/48 | €158,144 | €160,408 | +€2,263 | +1.4% |
| Turnover | 70 | €15,600 | €9,600 | -€6,000 | -38.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,307 | €8,402 | -€11,905 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,324 | €11,249 | +€926 | +9.0% |
| Other operating charges | 640/8 | €63 | €1,150 | +€1,087 | +1723.0% |
| Gross operating margin | 9900 | -€4,707 | €1,198 | +€5,905 | |
| Operating profit (loss) | 9901 | -€15,094 | -€11,201 | +€3,892 | +25.8% |
| Financial income | 75/76B | €43 | - | -€43 | |
| Recurring financial income | 75 | €43 | - | -€43 | |
| Financial charges | 65/66B | €669 | €640 | -€29 | -4.3% |
| Recurring financial charges | 65 | €669 | €640 | -€29 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,719 | -€11,842 | +€3,877 | +24.7% |
| Profit (loss) for the period | 9904 | -€15,719 | -€11,842 | +€3,877 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,719 | -€11,842 | +€3,877 | +24.7% |
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 11 October 2026 via checked.be.