H.B.M. & 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.
H.B.M. & C°
Largest movements
- Receivables within one year +€31,209
up €31,209 (+39.9%), from €78,166 to €109,375
of which Trade receivables: +€30,770
- Cash -€23,046
down €23,046 (-82.5%), from €27,943 to €4,897
mainly Receivables within one year (-€31,209) and Tax, wage and social debts (-€9,114)
- Profit (loss) carried forward +€22,341
up €22,341, from -€7,936 to €14,405
- Tax, wage and social debts -€9,114
down €9,114 (-10.8%), from €84,781 to €75,666
of which Taxes: -€11,299
- Trade debts -€5,789
down €5,789 (-54.7%), from €10,584 to €4,795
- Staff costs -€45,064
down €45,064 (-24.8%), from €181,456 to €136,392
- Taxes -€2,140
no longer reported in 2025 (was €2,140)
- Financial charges -€2,034
down €2,034 (-91.1%), from €2,234 to €199
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 | €108,523 | €115,326 | +€6,803 | +6.3% |
| Fixed assets | 21/28 | €2,112 | €1,054 | -€1,057 | -50.1% |
| Tangible fixed assets | 22/27 | €1,772 | €714 | -€1,057 | -59.7% |
| Furniture and vehicles | 24 | €1,772 | €714 | -€1,057 | -59.7% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €106,411 | €114,272 | +€7,860 | +7.4% |
| Amounts receivable within one year | 40/41 | €78,166 | €109,375 | +€31,209 | +39.9% |
| Trade receivables | 40 | €26,420 | €57,190 | +€30,770 | +116% |
| Other amounts receivable | 41 | €51,746 | €52,185 | +€439 | +0.8% |
| Cash at bank and in hand | 54/58 | €27,943 | €4,897 | -€23,046 | -82.5% |
| Deferred charges and accrued income | 490/1 | €303 | - | -€303 | |
| Total equity and liabilities | 10/49 | €108,523 | €115,326 | +€6,803 | +6.3% |
| Equity | 10/15 | €12,524 | €34,865 | +€22,341 | +178% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,936 | €14,405 | +€22,341 | |
| Amounts payable | 17/49 | €95,999 | €80,461 | -€15,538 | -16.2% |
| Amounts payable within one year | 42/48 | €95,999 | €80,461 | -€15,538 | -16.2% |
| Trade debts | 44 | €10,584 | €4,795 | -€5,789 | -54.7% |
| Suppliers | 440/4 | €10,584 | €4,795 | -€5,789 | -54.7% |
| Taxes, remuneration and social security | 45 | €84,781 | €75,666 | -€9,114 | -10.8% |
| Taxes | 450/3 | €38,266 | €26,967 | -€11,299 | -29.5% |
| Remuneration and social security | 454/9 | €46,514 | €48,699 | +€2,185 | +4.7% |
| Other amounts payable | 47/48 | €635 | - | -€635 | |
| Remuneration, social security and pensions | 62 | €181,456 | €136,392 | -€45,064 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,215 | €1,057 | -€158 | -13.0% |
| Other operating charges | 640/8 | €1,092 | €852 | -€239 | -21.9% |
| Gross operating margin | 9900 | €159,856 | €160,843 | +€987 | +0.6% |
| Operating profit (loss) | 9901 | -€23,907 | €22,541 | +€46,448 | |
| Financial charges | 65/66B | €2,234 | €199 | -€2,034 | -91.1% |
| Recurring financial charges | 65 | €2,234 | €199 | -€2,034 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,141 | €22,341 | +€48,482 | |
| Income taxes | 67/77 | €2,140 | - | -€2,140 | |
| Profit (loss) for the period | 9904 | -€28,281 | €22,341 | +€50,622 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,281 | €22,341 | +€50,622 |
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 30 October 2026 via checked.be.