H.C. CERAMIC: 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.C. CERAMIC
Largest movements
- Cash +€13,959
up €13,959 (+31.5%), from €44,290 to €58,249
mainly Receivables within one year (+€10,179) and Advances received (+€9,415)
- Tangible fixed assets -€13,462
down €13,462 (-65.6%), from €20,508 to €7,045
of which Furniture and vehicles: -€12,345
- Receivables within one year -€10,179
down €10,179 (-24.5%), from €41,616 to €31,438
of which Other amounts receivable: -€17,575
- Stocks and contracts +€4,052
up €4,052 (+5.3%), from €76,347 to €80,398
- Trade debts -€16,354
down €16,354 (-37.0%), from €44,202 to €27,848
- Advances received +€9,415
new in 2025: €9,415
- Current portion of long-term debt -€6,213
down €6,213 (-80.7%), from €7,695 to €1,482
- Other debts +€6,154
up €6,154 (+66.3%), from €9,286 to €15,440
- Profit (loss) carried forward +€2,254
up €2,254 (+3.1%), from €71,965 to €74,219
- Staff costs +€35,464
up €35,464 (+105%), from €33,840 to €69,304
- Gross operating margin +€32,770
up €32,770 (+57.4%), from €57,070 to €89,840
- Depreciation -€11,101
down €11,101 (-70.0%), from €15,860 to €4,759
- Financial income -€4,608
down €4,608 (-94.0%), from €4,902 to €294
- Taxes +€4,488
up €4,488 (+416%), from €1,078 to €5,567
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 | €182,760 | €177,604 | -€5,156 | -2.8% |
| Fixed assets | 21/28 | €20,508 | €7,045 | -€13,462 | -65.6% |
| Tangible fixed assets | 22/27 | €20,508 | €7,045 | -€13,462 | -65.6% |
| Plant, machinery and equipment | 23 | €2,723 | €1,843 | -€880 | -32.3% |
| Furniture and vehicles | 24 | €16,600 | €4,254 | -€12,345 | -74.4% |
| Other tangible fixed assets | 26 | €1,185 | €948 | -€237 | -20.0% |
| Current assets | 29/58 | €162,253 | €170,559 | +€8,306 | +5.1% |
| Stocks and contracts in progress | 3 | €76,347 | €80,398 | +€4,052 | +5.3% |
| Stocks | 30/36 | €76,347 | €80,398 | +€4,052 | +5.3% |
| Amounts receivable within one year | 40/41 | €41,616 | €31,438 | -€10,179 | -24.5% |
| Trade receivables | 40 | €6,167 | €13,564 | +€7,397 | +120% |
| Other amounts receivable | 41 | €35,449 | €17,874 | -€17,575 | -49.6% |
| Cash at bank and in hand | 54/58 | €44,290 | €58,249 | +€13,959 | +31.5% |
| Deferred charges and accrued income | 490/1 | - | €474 | +€474 | |
| Total equity and liabilities | 10/49 | €182,760 | €177,604 | -€5,156 | -2.8% |
| Equity | 10/15 | €92,425 | €94,679 | +€2,254 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,965 | €74,219 | +€2,254 | +3.1% |
| Amounts payable | 17/49 | €90,335 | €82,925 | -€7,410 | -8.2% |
| Amounts payable within one year | 42/48 | €90,335 | €82,925 | -€7,410 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €7,695 | €1,482 | -€6,213 | -80.7% |
| Trade debts | 44 | €44,202 | €27,848 | -€16,354 | -37.0% |
| Suppliers | 440/4 | €44,202 | €27,848 | -€16,354 | -37.0% |
| Advances received on contracts in progress | 46 | - | €9,415 | +€9,415 | |
| Taxes, remuneration and social security | 45 | €29,152 | €28,740 | -€412 | -1.4% |
| Taxes | 450/3 | €27,760 | €16,640 | -€11,120 | -40.1% |
| Remuneration and social security | 454/9 | €1,392 | €12,100 | +€10,708 | +769% |
| Other amounts payable | 47/48 | €9,286 | €15,440 | +€6,154 | +66.3% |
| Non-recurring operating income | 76A | - | €29,797 | +€29,797 | |
| Remuneration, social security and pensions | 62 | €33,840 | €69,304 | +€35,464 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,860 | €4,759 | -€11,101 | -70.0% |
| Other operating charges | 640/8 | €2,886 | €1,763 | -€1,123 | -38.9% |
| Gross operating margin | 9900 | €57,070 | €89,840 | +€32,770 | +57.4% |
| Operating profit (loss) | 9901 | €4,484 | €14,014 | +€9,530 | +213% |
| Financial income | 75/76B | €4,902 | €294 | -€4,608 | -94.0% |
| Recurring financial income | 75 | €4,902 | €294 | -€4,608 | -94.0% |
| Financial charges | 65/66B | €8,836 | €6,487 | -€2,349 | -26.6% |
| Recurring financial charges | 65 | €8,836 | €6,487 | -€2,349 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €549 | €7,821 | +€7,272 | +1,324% |
| Income taxes | 67/77 | €1,078 | €5,567 | +€4,488 | +416% |
| Profit (loss) for the period | 9904 | -€529 | €2,254 | +€2,783 | |
| Profit (loss) for the period to be appropriated | 9905 | -€529 | €2,254 | +€2,783 |
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 29 October 2026 via checked.be.