H&G SHARE: 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&G SHARE
Largest movements
- Cash -€11,447
down €11,447 (-78.2%), from €14,633 to €3,186
mainly Net result for the year (-€17,435) and Receivables after one year (-€9,348)
- Receivables after one year +€9,348
up €9,348 (+17.3%), from €54,000 to €63,348
- Tangible fixed assets +€7,469
up €7,469 (+246%), from €3,032 to €10,501
of which Furniture and vehicles: +€7,505
- Profit (loss) carried forward -€17,435
down €17,435, from €0 to -€17,435
- Short-term financial debts +€11,442
up €11,442 (+235%), from €4,868 to €16,310
of which Other loans: +€11,250
- Tax, wage and social debts +€10,761
up €10,761 (+38.2%), from €28,150 to €38,911
of which Taxes: +€9,419
- Trade debts +€1,752
up €1,752 (+19.5%), from €8,972 to €10,723
- Other debts -€1,692
down €1,692 (-100%), from €1,692 to €0
- Staff costs +€25,180
up €25,180 (+28.7%), from €87,590 to €112,770
- Taxes -€7,142
down €7,142 (-97.8%), from €7,302 to €160
- Gross operating margin -€2,384
down €2,384 (-2.3%), from €103,060 to €100,676
- Financial charges +€2,132
up €2,132 (+100%), from €2,124 to €4,255
- Financial income +€1,477
up €1,477 (+68.4%), from €2,160 to €3,637
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 | €81,389 | €86,784 | +€5,396 | +6.6% |
| Fixed assets | 21/28 | €8,032 | €15,501 | +€7,469 | +93.0% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -48.8% |
| Tangible fixed assets | 22/27 | €3,032 | €10,501 | +€7,469 | +246% |
| Plant, machinery and equipment | 23 | €36 | €0 | -€36 | -100% |
| Furniture and vehicles | 24 | €2,996 | €10,501 | +€7,505 | +251% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €73,357 | €71,283 | -€2,074 | -2.8% |
| Amounts receivable after more than one year | 29 | €54,000 | €63,348 | +€9,348 | +17.3% |
| Other amounts receivable | 291 | €54,000 | €63,348 | +€9,348 | +17.3% |
| Amounts receivable within one year | 40/41 | €4,724 | €4,749 | +€25 | +0.5% |
| Trade receivables | 40 | €4,724 | €0 | -€4,724 | -100% |
| Other amounts receivable | 41 | €0 | €4,749 | +€4,749 | |
| Cash at bank and in hand | 54/58 | €14,633 | €3,186 | -€11,447 | -78.2% |
| Total equity and liabilities | 10/49 | €81,389 | €86,784 | +€5,396 | +6.6% |
| Equity | 10/15 | €37,707 | €20,272 | -€17,435 | -46.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,707 | €35,707 | = | 0.0% |
| Distributable reserves | 133 | €35,707 | €35,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€17,435 | -€17,435 | |
| Amounts payable | 17/49 | €43,682 | €66,512 | +€22,830 | +52.3% |
| Amounts payable within one year | 42/48 | €43,682 | €65,945 | +€22,263 | +51.0% |
| Financial debts | 43 | €4,868 | €16,310 | +€11,442 | +235% |
| Credit institutions | 430/8 | €4,868 | €5,060 | +€192 | +3.9% |
| Other loans | 439 | - | €11,250 | +€11,250 | |
| Trade debts | 44 | €8,972 | €10,723 | +€1,752 | +19.5% |
| Suppliers | 440/4 | €8,972 | €10,723 | +€1,752 | +19.5% |
| Taxes, remuneration and social security | 45 | €28,150 | €38,911 | +€10,761 | +38.2% |
| Taxes | 450/3 | €16,887 | €26,307 | +€9,419 | +55.8% |
| Remuneration and social security | 454/9 | €11,263 | €12,605 | +€1,342 | +11.9% |
| Other amounts payable | 47/48 | €1,692 | €0 | -€1,692 | -100% |
| Accrued charges and deferred income | 492/3 | - | €567 | +€567 | |
| Remuneration, social security and pensions | 62 | €87,590 | €112,770 | +€25,180 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,085 | €1,781 | +€695 | +64.1% |
| Other operating charges | 640/8 | €2,141 | €2,781 | +€641 | +29.9% |
| Gross operating margin | 9900 | €103,060 | €100,676 | -€2,384 | -2.3% |
| Operating profit (loss) | 9901 | €12,244 | -€16,656 | -€28,900 | |
| Financial income | 75/76B | €2,160 | €3,637 | +€1,477 | +68.4% |
| Recurring financial income | 75 | €2,160 | €3,637 | +€1,477 | +68.4% |
| Financial charges | 65/66B | €2,124 | €4,255 | +€2,132 | +100% |
| Recurring financial charges | 65 | €2,124 | €4,255 | +€2,132 | +100% |
| Profit (loss) for the period before taxes | 9903 | €12,280 | -€17,275 | -€29,555 | |
| Income taxes | 67/77 | €7,302 | €160 | -€7,142 | -97.8% |
| Profit (loss) for the period | 9904 | €4,978 | -€17,435 | -€22,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,978 | -€17,435 | -€22,412 |
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 28 October 2026 via checked.be.