H&M STYLE: 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&M STYLE
Largest movements
- Stocks and contracts +€16,389
up €16,389 (+60.5%), from €27,083 to €43,472
- Receivables within one year -€3,942
down €3,942 (-7.3%), from €54,107 to €50,165
- Tax, wage and social debts +€21,121
up €21,121 (+31.9%), from €66,273 to €87,393
of which Taxes: +€24,145
- Trade debts -€10,560
down €10,560 (-58.4%), from €18,076 to €7,516
- Profit (loss) carried forward +€2,867
up €2,867 (+78.9%), from €3,636 to €6,503
- Gross operating margin +€4,315
up €4,315 (+6.0%), from €72,261 to €76,576
- Other operating charges +€3,123
up €3,123 (+289%), from €1,081 to €4,205
- Staff costs +€2,143
up €2,143 (+3.3%), from €64,388 to €66,531
- Financial income +€889
up €889 (+580%), from €153 to €1,042
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 | €88,485 | €101,913 | +€13,428 | +15.2% |
| Fixed assets | 21/28 | - | €981 | +€981 | |
| Tangible fixed assets | 22/27 | - | €981 | +€981 | |
| Land and buildings | 22 | - | €981 | +€981 | |
| Current assets | 29/58 | €88,485 | €100,931 | +€12,447 | +14.1% |
| Stocks and contracts in progress | 3 | €27,083 | €43,472 | +€16,389 | +60.5% |
| Stocks | 30/36 | €27,083 | €43,472 | +€16,389 | +60.5% |
| Amounts receivable within one year | 40/41 | €54,107 | €50,165 | -€3,942 | -7.3% |
| Other amounts receivable | 41 | €54,107 | €50,165 | -€3,942 | -7.3% |
| Cash at bank and in hand | 54/58 | €7,295 | €7,294 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €88,485 | €101,913 | +€13,428 | +15.2% |
| Equity | 10/15 | €4,136 | €7,003 | +€2,867 | +69.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,636 | €6,503 | +€2,867 | +78.9% |
| Amounts payable | 17/49 | €84,349 | €94,909 | +€10,561 | +12.5% |
| Amounts payable within one year | 42/48 | €84,349 | €94,909 | +€10,561 | +12.5% |
| Trade debts | 44 | €18,076 | €7,516 | -€10,560 | -58.4% |
| Suppliers | 440/4 | €18,076 | €7,516 | -€10,560 | -58.4% |
| Taxes, remuneration and social security | 45 | €66,273 | €87,393 | +€21,121 | +31.9% |
| Taxes | 450/3 | €57,256 | €81,401 | +€24,145 | +42.2% |
| Remuneration and social security | 454/9 | €9,016 | €5,992 | -€3,024 | -33.5% |
| Remuneration, social security and pensions | 62 | €64,388 | €66,531 | +€2,143 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €38 | +€38 | |
| Other operating charges | 640/8 | €1,081 | €4,205 | +€3,123 | +289% |
| Gross operating margin | 9900 | €72,261 | €76,576 | +€4,315 | +6.0% |
| Operating profit (loss) | 9901 | €6,792 | €5,803 | -€989 | -14.6% |
| Financial income | 75/76B | €153 | €1,042 | +€889 | +580% |
| Recurring financial income | 75 | €153 | €1,042 | +€889 | +580% |
| Financial charges | 65/66B | €2,193 | €2,108 | -€86 | -3.9% |
| Recurring financial charges | 65 | €2,193 | €2,108 | -€86 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €4,752 | €4,738 | -€15 | -0.3% |
| Income taxes | 67/77 | €2,071 | €1,871 | -€200 | -9.7% |
| Profit (loss) for the period | 9904 | €2,682 | €2,867 | +€186 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,682 | €2,867 | +€186 | +6.9% |
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 31 October 2026 via checked.be.