H.L.B.P.: 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.B.P.
Largest movements
- Receivables within one year +€12,471
up €12,471 (+20.0%), from €62,303 to €74,774
of which Other amounts receivable: +€11,384
- Advances received -€11,041
down €11,041 (-92.9%), from €11,889 to €848
- Other debts +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Trade debts +€9,297
up €9,297 (+657%), from €1,414 to €10,711
- Tax, wage and social debts +€6,367
up €6,367 (+125%), from €5,102 to €11,469
- Profit (loss) carried forward -€1,983
down €1,983 (-7.5%), from €26,592 to €24,609
- Gross operating margin +€9,034
up €9,034 (+52.0%), from €17,381 to €26,415
- Financial charges +€3,657
up €3,657 (+1,472%), from €248 to €3,905
- Taxes +€3,164
up €3,164 (+271%), from €1,169 to €4,333
- Other operating charges +€368
up €368 (+20.5%), from €1,792 to €2,160
- Financial income -€319
down €319 (-13.7%), from €2,319 to €2,000
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 | €62,885 | €75,862 | +€12,978 | +20.6% |
| Current assets | 29/58 | €62,885 | €75,862 | +€12,978 | +20.6% |
| Amounts receivable within one year | 40/41 | €62,303 | €74,774 | +€12,471 | +20.0% |
| Trade receivables | 40 | €12,004 | €13,092 | +€1,087 | +9.1% |
| Other amounts receivable | 41 | €50,299 | €61,682 | +€11,384 | +22.6% |
| Cash at bank and in hand | 54/58 | - | €485 | +€485 | |
| Deferred charges and accrued income | 490/1 | €582 | €604 | +€22 | +3.8% |
| Total equity and liabilities | 10/49 | €62,885 | €75,862 | +€12,978 | +20.6% |
| Equity | 10/15 | €32,592 | €30,609 | -€1,983 | -6.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,592 | €24,609 | -€1,983 | -7.5% |
| Amounts payable | 17/49 | €30,292 | €45,253 | +€14,961 | +49.4% |
| Amounts payable within one year | 42/48 | €28,467 | €43,028 | +€14,561 | +51.2% |
| Financial debts | 43 | €61 | - | -€61 | |
| Credit institutions | 430/8 | €61 | - | -€61 | |
| Trade debts | 44 | €1,414 | €10,711 | +€9,297 | +657% |
| Suppliers | 440/4 | €1,414 | €10,711 | +€9,297 | +657% |
| Advances received on contracts in progress | 46 | €11,889 | €848 | -€11,041 | -92.9% |
| Taxes, remuneration and social security | 45 | €5,102 | €11,469 | +€6,367 | +125% |
| Taxes | 450/3 | €5,102 | €11,469 | +€6,367 | +125% |
| Other amounts payable | 47/48 | €10,000 | €20,000 | +€10,000 | +100% |
| Accrued charges and deferred income | 492/3 | €1,826 | €2,225 | +€400 | +21.9% |
| Other operating charges | 640/8 | €1,792 | €2,160 | +€368 | +20.5% |
| Gross operating margin | 9900 | €17,381 | €26,415 | +€9,034 | +52.0% |
| Operating profit (loss) | 9901 | €15,589 | €24,255 | +€8,666 | +55.6% |
| Financial income | 75/76B | €2,319 | €2,000 | -€319 | -13.7% |
| Recurring financial income | 75 | €2,319 | €2,000 | -€319 | -13.7% |
| Financial charges | 65/66B | €248 | €3,905 | +€3,657 | +1,472% |
| Recurring financial charges | 65 | €248 | €3,905 | +€3,657 | +1,472% |
| Profit (loss) for the period before taxes | 9903 | €17,660 | €22,350 | +€4,690 | +26.6% |
| Income taxes | 67/77 | €1,169 | €4,333 | +€3,164 | +271% |
| Profit (loss) for the period | 9904 | €16,491 | €18,017 | +€1,526 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,491 | €18,017 | +€1,526 | +9.3% |
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 28 October 2026 via checked.be.