H & L PRODUCTIONS: what changed
What changed
H & L PRODUCTIONS
NACE 10.393, Manufacture of food products
filed annual accounts (NBB)
Net result for the year
€2.9m
2024 · €1.6m+€1.3m
Equity
€10.9m
2024 · €8.2m+€2.7m
Cash
€6.0m
2024 · €619,385+€5.4m
Balance sheet total
€14.2m
2024 · €10.9m+€3.3m
Largest movements
Assets
- Cash +€5.4m
up €5.4m (+870%), from €619,385 to €6.0m
mainly Current investments (+€4.5m) and Net result for the year (+€2.9m)
- Current investments -€4.5m
down €4.5m (-100%), from €4.5m to €0
- Stocks and contracts +€1.5m
up €1.5m (+52.8%), from €2.9m to €4.4m
- Receivables within one year +€848,493
up €848,493 (+32.2%), from €2.6m to €3.5m
of which Trade receivables: +€556,939
Equity and liabilities
- Profit (loss) carried forward +€2.7m
up €2.7m (+35.2%), from €7.7m to €10.4m
- Trade debts +€746,151
up €746,151 (+44.8%), from €1.7m to €2.4m
- Short-term financial debts -€407,408
no longer reported in 2025 (was €407,408)
- Tax, wage and social debts +€144,493
up €144,493 (+38.0%), from €380,452 to €524,945
of which Taxes: +€440,452
Income statement
- Turnover +€8.2m
up €8.2m (+38.7%), from €21.2m to €29.4m
- Goods and materials +€6.7m
up €6.7m (+44.3%), from €15.2m to €22.0m
of which Purchases: +€7.4m
- Staff costs -€651,783
down €651,783 (-29.8%), from €2.2m to €1.5m
- Services and other goods +€497,799
up €497,799 (+31.0%), from €1.6m to €2.1m
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
€1.6m
Turnover
+€8.2m
Other operating income
-€30,708
Goods and materials
-€6.7m
Services and other goods
-€497,799
Staff costs
+€651,783
Depreciation
+€12,681
Write-downs
-€143,487
Other operating charges
-€7,607
Other operating items
+€13,125
Financial income
+€29,520
Financial charges
+€372
Taxes
-€214,560
Result 2025
€2.9m
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.5m
Investment
+€4.4m
Financing
-€485,709
Cash 2024
€619,385
From operations (derived)
+€1.5m
Net result for the year
+€2.9m
Depreciation
+€98,821
Stocks and contracts
-€1.5m
Receivables within one year
-€848,493
Deferred charges and accrued income
-€52,270
Trade debts
+€746,151
Tax, wage and social debts
+€144,493
Smaller working-capital items
-€3,297
Investment (derived)
+€4.4m
Investment in fixed assets (net)
-€108,351
Current investments
+€4.5m
Financing
-€485,709
Current portion of long-term debt
+€121,698
Short-term financial debts
-€407,408
Contributions, distributions and other
-€200,000
Cash 2025
€6.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,880,812 | €14,201,703 | +€3.3m | +30.5% |
| Fixed assets | 21/28 | €239,693 | €249,223 | +€9,530 | +4.0% |
| Tangible fixed assets | 22/27 | €218,525 | €216,176 | -€2,349 | -1.1% |
| Land and buildings | 22 | - | €2,678 | +€2,678 | |
| Plant, machinery and equipment | 23 | €100,177 | €116,594 | +€16,417 | +16.4% |
| Furniture and vehicles | 24 | €118,348 | €96,904 | -€21,444 | -18.1% |
| Financial fixed assets | 28 | €21,168 | €33,047 | +€11,879 | +56.1% |
| Other financial fixed assets | 284/8 | €21,168 | €33,047 | +€11,879 | +56.1% |
| Amounts receivable and cash guarantees | 285/8 | €21,168 | €33,047 | +€11,879 | +56.1% |
| Current assets | 29/58 | €10,641,120 | €13,952,480 | +€3.3m | +31.1% |
| Stocks and contracts in progress | 3 | €2,887,615 | €4,411,897 | +€1.5m | +52.8% |
| Stocks | 30/36 | €2,887,615 | €4,411,897 | +€1.5m | +52.8% |
| Raw materials and consumables | 30/31 | €42,919 | - | -€42,919 | |
| Goods purchased for resale | 34 | €2,844,697 | €4,411,897 | +€1.6m | +55.1% |
| Amounts receivable within one year | 40/41 | €2,634,119 | €3,482,611 | +€848,493 | +32.2% |
| Trade receivables | 40 | €2,479,255 | €3,036,193 | +€556,939 | +22.5% |
| Other amounts receivable | 41 | €154,864 | €446,418 | +€291,554 | +188% |
| Current investments | 50/53 | €4,500,000 | €0 | -€4.5m | -100% |
| Other investments | 51/53 | €4,500,000 | €0 | -€4.5m | -100% |
| Cash at bank and in hand | 54/58 | €619,385 | €6,005,702 | +€5.4m | +870% |
| Deferred charges and accrued income | 490/1 | - | €52,270 | +€52,270 | |
| Total equity and liabilities | 10/49 | €10,880,812 | €14,201,703 | +€3.3m | +30.5% |
| Equity | 10/15 | €8,165,605 | €10,884,859 | +€2.7m | +33.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €378,200 | €378,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €372,000 | - | -€372,000 | |
| Distributable reserves | 133 | - | €372,000 | +€372,000 | |
| Profit (loss) carried forward | 14 | €7,725,405 | €10,444,659 | +€2.7m | +35.2% |
| Amounts payable | 17/49 | €2,715,207 | €3,316,844 | +€601,636 | +22.2% |
| Amounts payable within one year | 42/48 | €2,715,207 | €3,309,443 | +€594,236 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | - | €121,698 | +€121,698 | |
| Financial debts | 43 | €407,408 | - | -€407,408 | |
| Credit institutions | 430/8 | €407,408 | - | -€407,408 | |
| Trade debts | 44 | €1,664,934 | €2,411,085 | +€746,151 | +44.8% |
| Suppliers | 440/4 | €1,664,934 | €2,411,085 | +€746,151 | +44.8% |
| Taxes, remuneration and social security | 45 | €380,452 | €524,945 | +€144,493 | +38.0% |
| Taxes | 450/3 | €4,780 | €445,233 | +€440,452 | +9,214% |
| Remuneration and social security | 454/9 | €375,672 | €79,712 | -€295,960 | -78.8% |
| Other amounts payable | 47/48 | €262,414 | €251,716 | -€10,698 | -4.1% |
| Accrued charges and deferred income | 492/3 | - | €7,401 | +€7,401 | |
| Operating income | 70/76A | €21,268,690 | €29,454,992 | +€8.2m | +38.5% |
| Turnover | 70 | €21,225,690 | €29,429,574 | +€8.2m | +38.7% |
| Other operating income | 74 | €40,126 | €9,418 | -€30,708 | -76.5% |
| Non-recurring operating income | 76A | €2,875 | €16,000 | +€13,125 | +457% |
| Operating charges | 60/66A | €18,977,782 | €25,703,859 | +€6.7m | +35.4% |
| Goods for resale, raw materials and consumables | 60 | €15,211,774 | €21,953,423 | +€6.7m | +44.3% |
| Purchases | 600/8 | €16,112,501 | €23,467,704 | +€7.4m | +45.6% |
| Change in stocks: decrease (increase) | 609 | -€900,728 | -€1,514,282 | -€613,554 | -68.1% |
| Services and other goods | 61 | €1,606,861 | €2,104,660 | +€497,799 | +31.0% |
| Remuneration, social security and pensions | 62 | €2,184,599 | €1,532,816 | -€651,783 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,501 | €98,821 | -€12,681 | -11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€153,487 | -€10,000 | +€143,487 | +93.5% |
| Other operating charges | 640/8 | €16,533 | €24,140 | +€7,607 | +46.0% |
| Operating profit (loss) | 9901 | €2,290,909 | €3,751,133 | +€1.5m | +63.7% |
| Financial income | 75/76B | €47,889 | €77,409 | +€29,520 | +61.6% |
| Recurring financial income | 75 | €47,889 | €77,409 | +€29,520 | +61.6% |
| Income from current assets | 751 | €47,791 | €74,549 | +€26,758 | +56.0% |
| Other financial income | 752/9 | €98 | €2,860 | +€2,762 | +2,813% |
| Financial charges | 65/66B | €28,165 | €27,793 | -€372 | -1.3% |
| Recurring financial charges | 65 | €28,165 | €27,793 | -€372 | -1.3% |
| Debt charges | 650 | €8,099 | €11,491 | +€3,393 | +41.9% |
| Other financial charges | 652/9 | €20,066 | €16,301 | -€3,765 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €2,310,633 | €3,800,750 | +€1.5m | +64.5% |
| Income taxes | 67/77 | €666,936 | €881,496 | +€214,560 | +32.2% |
| Taxes | 670/3 | €666,936 | €966,743 | +€299,807 | +45.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €85,247 | +€85,247 | |
| Profit (loss) for the period | 9904 | €1,643,697 | €2,919,254 | +€1.3m | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,643,697 | €2,919,254 | +€1.3m | +77.6% |
Next steps
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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 2 November 2026 via checked.be.