H.L.L.: 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.L.
Largest movements
- Tangible fixed assets -€780
down €780 (-32.1%), from €2,429 to €1,649
of which Furniture and vehicles: -€605
- Cash -€405
down €405 (-12.7%), from €3,199 to €2,794
mainly Net result for the year (-€4,991) and Accrued charges and deferred income (-€636)
- Receivables within one year -€332
down €332 (-8.6%), from €3,851 to €3,519
of which Trade receivables: -€649
- Profit (loss) carried forward -€4,991
down €4,991 (-5.4%), from -€92,639 to -€97,630
- Other debts +€3,457
up €3,457 (+4.9%), from €69,882 to €73,339
- Trade debts +€646
up €646 (+104%), from €622 to €1,268
- Accrued charges and deferred income -€636
no longer reported in 2025 (was €636)
- Gross operating margin +€7,556
up €7,556, from -€6,819 to €737
- Staff costs +€1,837
up €1,837 (+77.0%), from €2,385 to €4,222
- Other operating charges -€987
down €987 (-71.2%), from €1,387 to €400
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 | €13,404 | €11,762 | -€1,642 | -12.3% |
| Fixed assets | 21/28 | €6,229 | €5,449 | -€780 | -12.5% |
| Tangible fixed assets | 22/27 | €2,429 | €1,649 | -€780 | -32.1% |
| Furniture and vehicles | 24 | €926 | €321 | -€605 | -65.3% |
| Other tangible fixed assets | 26 | €1,503 | €1,328 | -€175 | -11.6% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €7,175 | €6,313 | -€862 | -12.0% |
| Amounts receivable within one year | 40/41 | €3,851 | €3,519 | -€332 | -8.6% |
| Trade receivables | 40 | €649 | - | -€649 | |
| Other amounts receivable | 41 | €3,202 | €3,519 | +€317 | +9.9% |
| Cash at bank and in hand | 54/58 | €3,199 | €2,794 | -€405 | -12.7% |
| Deferred charges and accrued income | 490/1 | €125 | - | -€125 | |
| Total equity and liabilities | 10/49 | €13,404 | €11,762 | -€1,642 | -12.3% |
| Equity | 10/15 | -€58,911 | -€63,902 | -€4,991 | -8.5% |
| Contributions | 10/11 | €33,500 | €33,500 | = | 0.0% |
| Reserves | 13 | €228 | €228 | = | 0.0% |
| Non-distributable reserves | 130/1 | €228 | €228 | = | 0.0% |
| Reserves not available under the articles | 1311 | €228 | €228 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,639 | -€97,630 | -€4,991 | -5.4% |
| Amounts payable | 17/49 | €72,315 | €75,664 | +€3,349 | +4.6% |
| Amounts payable within one year | 42/48 | €71,679 | €75,664 | +€3,985 | +5.6% |
| Trade debts | 44 | €622 | €1,268 | +€646 | +104% |
| Suppliers | 440/4 | €622 | €1,268 | +€646 | +104% |
| Taxes, remuneration and social security | 45 | €1,175 | €1,057 | -€118 | -10.0% |
| Taxes | 450/3 | €25 | €57 | +€32 | +128% |
| Remuneration and social security | 454/9 | €1,150 | €1,000 | -€150 | -13.0% |
| Other amounts payable | 47/48 | €69,882 | €73,339 | +€3,457 | +4.9% |
| Accrued charges and deferred income | 492/3 | €636 | - | -€636 | |
| Remuneration, social security and pensions | 62 | €2,385 | €4,222 | +€1,837 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780 | €780 | = | 0.0% |
| Other operating charges | 640/8 | €1,387 | €400 | -€987 | -71.2% |
| Gross operating margin | 9900 | -€6,819 | €737 | +€7,556 | |
| Operating profit (loss) | 9901 | -€11,371 | -€4,665 | +€6,706 | +59.0% |
| Financial charges | 65/66B | €272 | €326 | +€54 | +19.9% |
| Recurring financial charges | 65 | €272 | €326 | +€54 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,643 | -€4,991 | +€6,652 | +57.1% |
| Profit (loss) for the period | 9904 | -€11,643 | -€4,991 | +€6,652 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,643 | -€4,991 | +€6,652 | +57.1% |
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 20 October 2026 via checked.be.