H.F.G.: what changed
What changed
H.F.G.
filed annual accounts (NBB)
Net result for the year
-€246,897
2022 · -€63,719-€183,178
Equity
-€288,173
2022 · -€41,276-€246,897
Cash
€59,041
2022 · €59,180-€139
Balance sheet total
€1.8m
2022 · €2.2m-€457,040
Largest movements
Assets
- Financial fixed assets -€291,910
down €291,910 (-80.4%), from €363,067 to €71,157
- Receivables after one year -€216,610
down €216,610 (-16.5%), from €1.3m to €1.1m
- Deferred charges and accrued income +€54,973
up €54,973 (+11.1%), from €493,110 to €548,083
Equity and liabilities
- Profit (loss) carried forward -€246,897
down €246,897 (-213%), from -€115,776 to -€362,673
- Debts after one year -€145,000
down €145,000 (-6.6%), from €2.2m to €2.0m
- Other debts -€79,999
down €79,999 (-100.0%), from €80,029 to €30
Income statement
- Taxes +€174,262
up €174,262 (+351%), from €49,583 to €223,845
- Financial charges +€16,461
up €16,461 (+27.0%), from €60,976 to €77,437
- Gross operating margin +€6,169
up €6,169 (+56.4%), from -€10,933 to -€4,764
- Other operating charges -€967
down €967 (-100%), from €967 to €0
- Financial income +€409
up €409 (+0.7%), from €58,740 to €59,149
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2022
-€63,719
Gross operating margin
+€6,169
Other operating charges
+€967
Financial income
+€409
Financial charges
-€16,461
Taxes
-€174,262
Result 2023
-€246,897
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€147,049
Investment
+€291,910
Financing
-€145,000
Cash 2022
€59,180
From operations (derived)
-€147,049
Net result for the year
-€246,897
Receivables after one year
+€216,610
Receivables within one year
+€3,355
Deferred charges and accrued income
-€54,973
Trade debts
-€244
Other debts
-€79,999
Accrued charges and deferred income
+€15,100
Investment (derived)
+€291,910
Investment in fixed assets (net)
+€291,910
Financing
-€145,000
Debts after one year
-€145,000
Contributions, distributions and other
-€0
Cash 2023
€59,041
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,229,742 | €1,772,702 | -€457,040 | -20.5% |
| Fixed assets | 21/28 | €363,067 | €71,157 | -€291,910 | -80.4% |
| Financial fixed assets | 28 | €363,067 | €71,157 | -€291,910 | -80.4% |
| Current assets | 29/58 | €1,866,675 | €1,701,545 | -€165,130 | -8.8% |
| Amounts receivable after more than one year | 29 | €1,310,985 | €1,094,376 | -€216,610 | -16.5% |
| Other amounts receivable | 291 | €1,310,985 | €1,094,376 | -€216,610 | -16.5% |
| Amounts receivable within one year | 40/41 | €3,400 | €45 | -€3,355 | -98.7% |
| Trade receivables | 40 | €3,400 | €45 | -€3,355 | -98.7% |
| Cash at bank and in hand | 54/58 | €59,180 | €59,041 | -€139 | -0.2% |
| Deferred charges and accrued income | 490/1 | €493,110 | €548,083 | +€54,973 | +11.1% |
| Total equity and liabilities | 10/49 | €2,229,742 | €1,772,702 | -€457,040 | -20.5% |
| Equity | 10/15 | -€41,276 | -€288,173 | -€246,897 | -598% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €77,500 | €77,500 | = | 0.0% |
| Uncalled capital | 101 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,776 | -€362,673 | -€246,897 | -213% |
| Amounts payable | 17/49 | €2,271,018 | €2,060,875 | -€210,143 | -9.3% |
| Amounts payable after more than one year | 17 | €2,190,745 | €2,045,745 | -€145,000 | -6.6% |
| Other amounts payable | 178/9 | €2,190,745 | €2,045,745 | -€145,000 | -6.6% |
| Amounts payable within one year | 42/48 | €80,273 | €30 | -€80,243 | -100.0% |
| Trade debts | 44 | €244 | - | -€244 | |
| Suppliers | 440/4 | €244 | - | -€244 | |
| Other amounts payable | 47/48 | €80,029 | €30 | -€79,999 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €15,100 | +€15,100 | |
| Other operating charges | 640/8 | €967 | €0 | -€967 | -100% |
| Gross operating margin | 9900 | -€10,933 | -€4,764 | +€6,169 | +56.4% |
| Operating profit (loss) | 9901 | -€11,900 | -€4,764 | +€7,136 | +60.0% |
| Financial income | 75/76B | €58,740 | €59,149 | +€409 | +0.7% |
| Recurring financial income | 75 | €58,740 | €59,149 | +€409 | +0.7% |
| Financial charges | 65/66B | €60,976 | €77,437 | +€16,461 | +27.0% |
| Recurring financial charges | 65 | €60,976 | €77,437 | +€16,461 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,136 | -€23,052 | -€8,916 | -63.1% |
| Income taxes | 67/77 | €49,583 | €223,845 | +€174,262 | +351% |
| Profit (loss) for the period | 9904 | -€63,719 | -€246,897 | -€183,178 | -287% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,719 | -€246,897 | -€183,178 | -287% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.