H & B PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year +€57,432
up €57,432 (+46.6%), from €123,138 to €180,570
of which Other amounts receivable: +€110,650
- Cash +€46,183
up €46,183 (+23,714%), from €195 to €46,378
mainly Net result for the year (+€162,674) and Depreciation (+€29,937)
- Tangible fixed assets -€17,119
down €17,119 (-2.1%), from €824,112 to €806,993
of which Land and buildings: -€9,529
- Reserves +€162,674
up €162,674 (+98.1%), from €165,873 to €328,547
- Debts after one year -€52,129
down €52,129 (-7.8%), from €667,894 to €615,765
- Current portion of long-term debt -€29,092
down €29,092 (-36.4%), from €79,935 to €50,843
- Tax, wage and social debts +€12,478
up €12,478 (+16.0%), from €78,193 to €90,670
of which Taxes: +€12,638
- Depreciation -€126,291
down €126,291 (-80.8%), from €156,229 to €29,937
- Taxes +€50,989
up €50,989 (+139%), from €36,739 to €87,727
- Gross operating margin +€18,231
up €18,231 (+6.3%), from €290,625 to €308,856
- Financial charges +€13,181
up €13,181 (+55.6%), from €23,714 to €36,896
- Financial income +€5,699
up €5,699 (+203%), from €2,806 to €8,505
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 | €1,031,194 | €1,127,631 | +€96,437 | +9.4% |
| Fixed assets | 21/28 | €824,112 | €806,993 | -€17,119 | -2.1% |
| Tangible fixed assets | 22/27 | €824,112 | €806,993 | -€17,119 | -2.1% |
| Land and buildings | 22 | €783,061 | €773,532 | -€9,529 | -1.2% |
| Plant, machinery and equipment | 23 | €554 | €659 | +€104 | +18.8% |
| Furniture and vehicles | 24 | €10,378 | €10,080 | -€299 | -2.9% |
| Other tangible fixed assets | 26 | €30,118 | €22,723 | -€7,395 | -24.6% |
| Current assets | 29/58 | €207,082 | €320,638 | +€113,555 | +54.8% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €123,138 | €180,570 | +€57,432 | +46.6% |
| Trade receivables | 40 | €103,897 | €50,678 | -€53,219 | -51.2% |
| Other amounts receivable | 41 | €19,241 | €129,892 | +€110,650 | +575% |
| Current investments | 50/53 | €500 | €11,704 | +€11,204 | +2,241% |
| Cash at bank and in hand | 54/58 | €195 | €46,378 | +€46,183 | +23,714% |
| Deferred charges and accrued income | 490/1 | €3,250 | €1,987 | -€1,263 | -38.9% |
| Total equity and liabilities | 10/49 | €1,031,194 | €1,127,631 | +€96,437 | +9.4% |
| Equity | 10/15 | €184,473 | €347,147 | +€162,674 | +88.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,873 | €328,547 | +€162,674 | +98.1% |
| Distributable reserves | 133 | €165,873 | €328,547 | +€162,674 | +98.1% |
| Amounts payable | 17/49 | €846,722 | €780,485 | -€66,237 | -7.8% |
| Amounts payable after more than one year | 17 | €667,894 | €615,765 | -€52,129 | -7.8% |
| Financial debts | 170/4 | €667,894 | €615,765 | -€52,129 | -7.8% |
| Amounts payable within one year | 42/48 | €176,409 | €160,896 | -€15,513 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €79,935 | €50,843 | -€29,092 | -36.4% |
| Trade debts | 44 | €18,282 | €19,383 | +€1,101 | +6.0% |
| Suppliers | 440/4 | €18,282 | €19,383 | +€1,101 | +6.0% |
| Taxes, remuneration and social security | 45 | €78,193 | €90,670 | +€12,478 | +16.0% |
| Taxes | 450/3 | €78,033 | €90,670 | +€12,638 | +16.2% |
| Remuneration and social security | 454/9 | €160 | - | -€160 | |
| Accrued charges and deferred income | 492/3 | €2,419 | €3,824 | +€1,405 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,229 | €29,937 | -€126,291 | -80.8% |
| Other operating charges | 640/8 | €2,502 | €127 | -€2,376 | -94.9% |
| Gross operating margin | 9900 | €290,625 | €308,856 | +€18,231 | +6.3% |
| Operating profit (loss) | 9901 | €131,894 | €278,792 | +€146,897 | +111% |
| Financial income | 75/76B | €2,806 | €8,505 | +€5,699 | +203% |
| Recurring financial income | 75 | €2,806 | €8,505 | +€5,699 | +203% |
| Financial charges | 65/66B | €23,714 | €36,896 | +€13,181 | +55.6% |
| Recurring financial charges | 65 | €23,714 | €36,896 | +€13,181 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €110,986 | €250,401 | +€139,415 | +126% |
| Income taxes | 67/77 | €36,739 | €87,727 | +€50,989 | +139% |
| Profit (loss) for the period | 9904 | €74,247 | €162,674 | +€88,427 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €74,247 | €162,674 | +€88,427 | +119% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.