H.B.S.: 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.S.
Largest movements
- Cash -€6,219
down €6,219 (-4.4%), from €140,899 to €134,680
mainly Net result for the year (-€13,827) and Investment in fixed assets (net) (-€3,713)
- Tangible fixed assets -€2,291
down €2,291 (-8.8%), from €25,933 to €23,642
of which Land and buildings: -€5,103
- Profit (loss) carried forward -€13,827
down €13,827, from €9,560 to -€4,266
- Other debts +€4,223
up €4,223 (+67.6%), from €6,246 to €10,468
- Gross operating margin -€164,657
down €164,657, from €159,337 to -€5,320
- Taxes -€43,534
down €43,534 (-99.4%), from €43,800 to €266
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 | €177,337 | €167,183 | -€10,154 | -5.7% |
| Fixed assets | 21/28 | €25,933 | €23,642 | -€2,291 | -8.8% |
| Tangible fixed assets | 22/27 | €25,933 | €23,642 | -€2,291 | -8.8% |
| Land and buildings | 22 | €25,452 | €20,348 | -€5,103 | -20.1% |
| Plant, machinery and equipment | 23 | €41 | - | -€41 | |
| Furniture and vehicles | 24 | €440 | €3,293 | +€2,853 | +649% |
| Current assets | 29/58 | €151,404 | €143,541 | -€7,863 | -5.2% |
| Amounts receivable within one year | 40/41 | €8,114 | €6,950 | -€1,164 | -14.3% |
| Other amounts receivable | 41 | €8,114 | €6,950 | -€1,164 | -14.3% |
| Cash at bank and in hand | 54/58 | €140,899 | €134,680 | -€6,219 | -4.4% |
| Deferred charges and accrued income | 490/1 | €2,391 | €1,911 | -€480 | -20.1% |
| Total equity and liabilities | 10/49 | €177,337 | €167,183 | -€10,154 | -5.7% |
| Equity | 10/15 | €162,193 | €148,366 | -€13,827 | -8.5% |
| Contributions | 10/11 | €65,940 | €65,940 | = | 0.0% |
| Capital | 10 | €65,940 | €65,940 | = | 0.0% |
| Issued capital | 100 | €65,940 | €65,940 | = | 0.0% |
| Reserves | 13 | €86,693 | €86,693 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,594 | €6,594 | = | 0.0% |
| Legal reserve | 130 | €6,594 | €6,594 | = | 0.0% |
| Distributable reserves | 133 | €80,099 | €80,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,560 | -€4,266 | -€13,827 | |
| Amounts payable | 17/49 | €15,144 | €18,817 | +€3,672 | +24.2% |
| Amounts payable within one year | 42/48 | €15,144 | €18,817 | +€3,672 | +24.2% |
| Trade debts | 44 | €899 | - | -€899 | |
| Suppliers | 440/4 | €899 | - | -€899 | |
| Taxes, remuneration and social security | 45 | €8,000 | €8,348 | +€348 | +4.4% |
| Taxes | 450/3 | €8,000 | €8,348 | +€348 | +4.4% |
| Other amounts payable | 47/48 | €6,246 | €10,468 | +€4,223 | +67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,336 | €6,005 | +€668 | +12.5% |
| Other operating charges | 640/8 | €3,063 | €2,184 | -€878 | -28.7% |
| Gross operating margin | 9900 | €159,337 | -€5,320 | -€164,657 | |
| Operating profit (loss) | 9901 | €150,938 | -€13,509 | -€164,447 | |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €49 | €51 | +€2 | +4.1% |
| Recurring financial charges | 65 | €49 | €51 | +€2 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €150,952 | -€13,560 | -€164,512 | |
| Income taxes | 67/77 | €43,800 | €266 | -€43,534 | -99.4% |
| Profit (loss) for the period | 9904 | €107,152 | -€13,827 | -€120,978 | |
| Profit (loss) for the period to be appropriated | 9905 | €107,152 | -€13,827 | -€120,978 |
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 14 October 2026 via checked.be.