H.L.770: 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.L.770
Largest movements
- Stocks and contracts +€51,826
up €51,826 (+32.4%), from €160,186 to €212,012
- Receivables within one year -€20,020
down €20,020 (-73.7%), from €27,170 to €7,150
of which Trade receivables: -€20,020
- Cash -€3,275
down €3,275 (-87.2%), from €3,754 to €479
mainly Stocks and contracts (-€51,826) and Trade debts (-€49,537)
- Financial fixed assets -€2,250
no longer reported in 2024 (was €2,250)
- Profit (loss) carried forward +€62,272
up €62,272 (+79.1%), from -€78,734 to -€16,462
- Trade debts -€49,537
down €49,537 (-42.2%), from €117,346 to €67,809
- Tax, wage and social debts +€17,803
up €17,803 (+25.8%), from €69,099 to €86,902
of which Taxes: +€12,285
- Other debts -€15,725
down €15,725 (-19.0%), from €82,864 to €67,139
- Accrued charges and deferred income +€10,743
new in 2024: €10,743
- Gross operating margin +€95,785
up €95,785 (+491%), from €19,516 to €115,301
- Staff costs +€21,496
up €21,496 (+155%), from €13,891 to €35,388
- Other operating charges -€5,214
down €5,214 (-87.1%), from €5,983 to €769
- Financial income +€4,409
up €4,409 (+13,139%), from €34 to €4,443
- Financial charges +€1,423
up €1,423 (+44.6%), from €3,189 to €4,612
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,776 | €222,331 | +€25,556 | +13.0% |
| Fixed assets | 21/28 | €5,665 | €2,690 | -€2,975 | -52.5% |
| Tangible fixed assets | 22/27 | €3,415 | €2,690 | -€725 | -21.2% |
| Plant, machinery and equipment | 23 | €3,415 | €2,690 | -€725 | -21.2% |
| Financial fixed assets | 28 | €2,250 | - | -€2,250 | |
| Current assets | 29/58 | €191,110 | €219,641 | +€28,531 | +14.9% |
| Stocks and contracts in progress | 3 | €160,186 | €212,012 | +€51,826 | +32.4% |
| Stocks | 30/36 | €160,186 | €212,012 | +€51,826 | +32.4% |
| Amounts receivable within one year | 40/41 | €27,170 | €7,150 | -€20,020 | -73.7% |
| Trade receivables | 40 | €22,939 | €2,919 | -€20,020 | -87.3% |
| Other amounts receivable | 41 | €4,231 | €4,231 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,754 | €479 | -€3,275 | -87.2% |
| Total equity and liabilities | 10/49 | €196,776 | €222,331 | +€25,556 | +13.0% |
| Equity | 10/15 | -€78,734 | -€10,262 | +€68,472 | +87.0% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€78,734 | -€16,462 | +€62,272 | +79.1% |
| Amounts payable | 17/49 | €275,509 | €232,593 | -€42,916 | -15.6% |
| Amounts payable after more than one year | 17 | €6,200 | - | -€6,200 | |
| Financial debts | 170/4 | €6,200 | - | -€6,200 | |
| Amounts payable within one year | 42/48 | €269,309 | €221,850 | -€47,460 | -17.6% |
| Trade debts | 44 | €117,346 | €67,809 | -€49,537 | -42.2% |
| Suppliers | 440/4 | €117,346 | €67,809 | -€49,537 | -42.2% |
| Taxes, remuneration and social security | 45 | €69,099 | €86,902 | +€17,803 | +25.8% |
| Taxes | 450/3 | €65,763 | €78,047 | +€12,285 | +18.7% |
| Remuneration and social security | 454/9 | €3,337 | €8,855 | +€5,518 | +165% |
| Other amounts payable | 47/48 | €82,864 | €67,139 | -€15,725 | -19.0% |
| Accrued charges and deferred income | 492/3 | - | €10,743 | +€10,743 | |
| Remuneration, social security and pensions | 62 | €13,891 | €35,388 | +€21,496 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €725 | +€255 | +54.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | -€0 | |
| Other operating charges | 640/8 | €5,983 | €769 | -€5,214 | -87.1% |
| Gross operating margin | 9900 | €19,516 | €115,301 | +€95,785 | +491% |
| Operating profit (loss) | 9901 | -€828 | €78,419 | +€79,247 | |
| Financial income | 75/76B | €34 | €4,443 | +€4,409 | +13,139% |
| Recurring financial income | 75 | €34 | €4,443 | +€4,409 | +13,139% |
| Financial charges | 65/66B | €3,189 | €4,612 | +€1,423 | +44.6% |
| Recurring financial charges | 65 | €3,189 | €4,612 | +€1,423 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,984 | €78,250 | +€82,234 | |
| Income taxes | 67/77 | €14,805 | €15,978 | +€1,172 | +7.9% |
| Profit (loss) for the period | 9904 | -€18,789 | €62,272 | +€81,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,789 | €62,272 | +€81,062 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.