IHO Solutions: 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.
IHO Solutions
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€41,161
up €41,161 (+31.5%), from €130,550 to €171,711
mainly Current investments (+€50,000) and Net result for the year (+€14,257)
- Tax, wage and social debts -€24,819
down €24,819 (-98.0%), from €25,322 to €503
- Reserves +€14,257
up €14,257 (+8.9%), from €161,085 to €175,342
- Gross operating margin -€74,266
down €74,266 (-77.3%), from €96,107 to €21,841
- Taxes -€15,062
down €15,062 (-68.0%), from €22,141 to €7,080
- Depreciation -€8,331
down €8,331 (-96.5%), from €8,636 to €305
- Financial income +€1,123
up €1,123 (+187,120%), from €1 to €1,123
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,996 | €181,727 | -€9,268 | -4.9% |
| Fixed assets | 21/28 | €641 | €337 | -€305 | -47.5% |
| Tangible fixed assets | 22/27 | €341 | €37 | -€305 | -89.2% |
| Furniture and vehicles | 24 | €341 | €37 | -€305 | -89.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €190,354 | €181,391 | -€8,963 | -4.7% |
| Amounts receivable within one year | 40/41 | €8,953 | €8,573 | -€380 | -4.2% |
| Trade receivables | 40 | €4,600 | €0 | -€4,600 | -100% |
| Other amounts receivable | 41 | €4,353 | €8,573 | +€4,220 | +96.9% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €130,550 | €171,711 | +€41,161 | +31.5% |
| Deferred charges and accrued income | 490/1 | €850 | €1,106 | +€256 | +30.1% |
| Total equity and liabilities | 10/49 | €190,996 | €181,727 | -€9,268 | -4.9% |
| Equity | 10/15 | €164,585 | €178,842 | +€14,257 | +8.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €161,085 | €175,342 | +€14,257 | +8.9% |
| Distributable reserves | 133 | €161,085 | €175,342 | +€14,257 | +8.9% |
| Amounts payable | 17/49 | €26,410 | €2,885 | -€23,525 | -89.1% |
| Amounts payable within one year | 42/48 | €26,410 | €2,885 | -€23,525 | -89.1% |
| Trade debts | 44 | €1,089 | €2,382 | +€1,293 | +119% |
| Suppliers | 440/4 | €1,089 | €2,382 | +€1,293 | +119% |
| Taxes, remuneration and social security | 45 | €25,322 | €503 | -€24,819 | -98.0% |
| Taxes | 450/3 | €25,322 | €503 | -€24,819 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,636 | €305 | -€8,331 | -96.5% |
| Other operating charges | 640/8 | €1,382 | €1,233 | -€149 | -10.8% |
| Gross operating margin | 9900 | €96,107 | €21,841 | -€74,266 | -77.3% |
| Operating profit (loss) | 9901 | €86,090 | €20,304 | -€65,786 | -76.4% |
| Financial income | 75/76B | €1 | €1,123 | +€1,123 | +187,120% |
| Recurring financial income | 75 | €1 | €1,123 | +€1,123 | +187,120% |
| Financial charges | 65/66B | €89 | €91 | +€2 | +2.3% |
| Recurring financial charges | 65 | €89 | €91 | +€2 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €86,002 | €21,337 | -€64,665 | -75.2% |
| Income taxes | 67/77 | €22,141 | €7,080 | -€15,062 | -68.0% |
| Profit (loss) for the period | 9904 | €63,860 | €14,257 | -€49,603 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,860 | €14,257 | -€49,603 | -77.7% |
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 25 October 2026 via checked.be.