H.G.N.: what changed
What changed
H.G.N.
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€8,730
2024 · €1,523+€7,206
Equity
€237,586
2024 · €228,856+€8,730
Cash
€24,164
2024 · €6,132+€18,032
Balance sheet total
€482,226
2024 · €450,710+€31,516
Largest movements
Assets
- Cash +€18,032
up €18,032 (+294%), from €6,132 to €24,164
mainly Trade debts (+€26,256) and Net result for the year (+€8,730)
- Receivables within one year +€8,092
up €8,092 (+19.6%), from €41,205 to €49,298
of which Trade receivables: +€8,092
Equity and liabilities
- Trade debts +€26,256
up €26,256 (+51.3%), from €51,173 to €77,429
- Debts after one year -€15,317
down €15,317 (-22.0%), from €69,604 to €54,287
- Profit (loss) carried forward +€8,730
up €8,730 (+8.6%), from -€101,144 to -€92,414
- Advances received +€5,583
up €5,583 (+91.0%), from €6,132 to €11,715
- Tax, wage and social debts +€5,367
up €5,367 (+37.1%), from €14,461 to €19,827
of which Taxes: +€7,765
Income statement
- Gross operating margin +€6,829
up €6,829 (+61.1%), from €11,172 to €18,001
- Financial charges -€482
down €482 (-5.1%), from €9,362 to €8,880
Change in the result, 2024 to 2025
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 2024
€1,523
Gross operating margin
+€6,829
Other operating charges
-€112
Financial income
+€8
Financial charges
+€482
Result 2025
€8,730
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,349
Investment
€0
Financing
-€14,317
Cash 2024
€6,132
From operations (derived)
+€32,349
Net result for the year
+€8,730
Stocks and contracts
-€2,689
Receivables within one year
-€8,092
Deferred charges and accrued income
-€2,703
Trade debts
+€26,256
Tax, wage and social debts
+€5,367
Advances received
+€5,583
Other debts
-€84
Accrued charges and deferred income
-€18
Financing
-€14,317
Debts after one year
-€15,317
Short-term financial debts
+€1,000
Cash 2025
€24,164
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €450,710 | €482,226 | +€31,516 | +7.0% |
| Fixed assets | 21/28 | €39 | €39 | = | 0.0% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €450,671 | €482,187 | +€31,516 | +7.0% |
| Stocks and contracts in progress | 3 | €403,334 | €406,023 | +€2,689 | +0.7% |
| Stocks | 30/36 | €403,334 | €406,023 | +€2,689 | +0.7% |
| Amounts receivable within one year | 40/41 | €41,205 | €49,298 | +€8,092 | +19.6% |
| Trade receivables | 40 | €40,662 | €48,755 | +€8,092 | +19.9% |
| Other amounts receivable | 41 | €543 | €543 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,132 | €24,164 | +€18,032 | +294% |
| Deferred charges and accrued income | 490/1 | - | €2,703 | +€2,703 | |
| Total equity and liabilities | 10/49 | €450,710 | €482,226 | +€31,516 | +7.0% |
| Equity | 10/15 | €228,856 | €237,586 | +€8,730 | +3.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,144 | -€92,414 | +€8,730 | +8.6% |
| Amounts payable | 17/49 | €221,854 | €244,640 | +€22,786 | +10.3% |
| Amounts payable after more than one year | 17 | €69,604 | €54,287 | -€15,317 | -22.0% |
| Other amounts payable | 178/9 | €69,604 | €54,287 | -€15,317 | -22.0% |
| Amounts payable within one year | 42/48 | €150,545 | €188,666 | +€38,122 | +25.3% |
| Financial debts | 43 | €78,500 | €79,500 | +€1,000 | +1.3% |
| Credit institutions | 430/8 | €78,500 | €79,500 | +€1,000 | +1.3% |
| Trade debts | 44 | €51,173 | €77,429 | +€26,256 | +51.3% |
| Suppliers | 440/4 | €51,173 | €77,429 | +€26,256 | +51.3% |
| Advances received on contracts in progress | 46 | €6,132 | €11,715 | +€5,583 | +91.0% |
| Taxes, remuneration and social security | 45 | €14,461 | €19,827 | +€5,367 | +37.1% |
| Taxes | 450/3 | €12,062 | €19,827 | +€7,765 | +64.4% |
| Remuneration and social security | 454/9 | €2,399 | - | -€2,399 | |
| Other amounts payable | 47/48 | €279 | €195 | -€84 | -30.1% |
| Accrued charges and deferred income | 492/3 | €1,705 | €1,687 | -€18 | -1.1% |
| Other operating charges | 640/8 | €287 | €400 | +€112 | +39.1% |
| Gross operating margin | 9900 | €11,172 | €18,001 | +€6,829 | +61.1% |
| Operating profit (loss) | 9901 | €10,885 | €17,602 | +€6,716 | +61.7% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €9,362 | €8,880 | -€482 | -5.1% |
| Recurring financial charges | 65 | €9,362 | €8,880 | -€482 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €1,523 | €8,730 | +€7,206 | +473% |
| Profit (loss) for the period | 9904 | €1,523 | €8,730 | +€7,206 | +473% |
| Profit (loss) for the period to be appropriated | 9905 | €1,523 | €8,730 | +€7,206 | +473% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.