H.M.T.: 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.T.
Largest movements
- Cash +€92,419
up €92,419 (+1,969%), from €4,693 to €97,112
mainly Net result for the year (+€43,270) and Receivables within one year (+€27,392)
- Receivables within one year -€27,392
down €27,392 (-39.4%), from €69,456 to €42,064
of which Other amounts receivable: -€68,424
- Tangible fixed assets -€16,598
down €16,598 (-63.1%), from €26,310 to €9,712
of which Leasing and similar rights: -€20,040
- Stocks and contracts +€6,874
up €6,874 (+199%), from €3,457 to €10,330
- Profit (loss) carried forward +€43,270
up €43,270 (+74.5%), from €58,098 to €101,369
- Other debts +€10,425
new in 2023: €10,425
- Current portion of long-term debt -€9,647
no longer reported in 2023 (was €9,647)
- Trade debts +€6,074
up €6,074 (+2,450%), from €248 to €6,321
- Tax, wage and social debts +€5,180
up €5,180 (+43.4%), from €11,941 to €17,122
- Gross operating margin +€55,378
up €55,378 (+148%), from €37,354 to €92,732
- Depreciation -€17,815
down €17,815 (-91.9%), from €19,383 to €1,568
- Taxes +€9,980
up €9,980 (+144%), from €6,933 to €16,913
- Other operating charges +€6,360
up €6,360 (+289%), from €2,204 to €8,564
- Staff costs -€5,103
down €5,103 (-98.1%), from €5,204 to €101
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,916 | €159,219 | +€55,303 | +53.2% |
| Fixed assets | 21/28 | €26,310 | €9,712 | -€16,598 | -63.1% |
| Tangible fixed assets | 22/27 | €26,310 | €9,712 | -€16,598 | -63.1% |
| Plant, machinery and equipment | 23 | €6,270 | €5,495 | -€775 | -12.4% |
| Furniture and vehicles | 24 | €0 | €4,217 | +€4,217 | +5,271,550% |
| Leasing and similar rights | 25 | €20,040 | - | -€20,040 | |
| Current assets | 29/58 | €77,606 | €149,507 | +€71,901 | +92.6% |
| Stocks and contracts in progress | 3 | €3,457 | €10,330 | +€6,874 | +199% |
| Stocks | 30/36 | €3,457 | €10,330 | +€6,874 | +199% |
| Amounts receivable within one year | 40/41 | €69,456 | €42,064 | -€27,392 | -39.4% |
| Trade receivables | 40 | €1,032 | €42,064 | +€41,032 | +3,975% |
| Other amounts receivable | 41 | €68,424 | - | -€68,424 | |
| Cash at bank and in hand | 54/58 | €4,693 | €97,112 | +€92,419 | +1,969% |
| Total equity and liabilities | 10/49 | €103,916 | €159,219 | +€55,303 | +53.2% |
| Equity | 10/15 | €82,080 | €125,351 | +€43,270 | +52.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,390 | €5,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €3,531 | €5,390 | +€1,859 | +52.7% |
| Profit (loss) carried forward | 14 | €58,098 | €101,369 | +€43,270 | +74.5% |
| Amounts payable | 17/49 | €21,836 | €33,868 | +€12,033 | +55.1% |
| Amounts payable within one year | 42/48 | €21,836 | €33,868 | +€12,033 | +55.1% |
| Current portion of amounts payable after more than one year | 42 | €9,647 | - | -€9,647 | |
| Trade debts | 44 | €248 | €6,321 | +€6,074 | +2,450% |
| Suppliers | 440/4 | €248 | €6,321 | +€6,074 | +2,450% |
| Taxes, remuneration and social security | 45 | €11,941 | €17,122 | +€5,180 | +43.4% |
| Taxes | 450/3 | €11,941 | €17,122 | +€5,180 | +43.4% |
| Other amounts payable | 47/48 | - | €10,425 | +€10,425 | |
| Non-recurring operating income | 76A | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €5,204 | €101 | -€5,103 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,383 | €1,568 | -€17,815 | -91.9% |
| Other operating charges | 640/8 | €2,204 | €8,564 | +€6,360 | +289% |
| Non-recurring operating charges | 66A | €588 | €20,627 | +€20,039 | +3,407% |
| Gross operating margin | 9900 | €37,354 | €92,732 | +€55,378 | +148% |
| Operating profit (loss) | 9901 | €9,976 | €61,873 | +€51,897 | +520% |
| Financial income | 75/76B | €123 | €179 | +€56 | +46.0% |
| Recurring financial income | 75 | €123 | €179 | +€56 | +46.0% |
| Financial charges | 65/66B | €2,070 | €1,868 | -€202 | -9.7% |
| Recurring financial charges | 65 | €2,070 | €1,868 | -€202 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €8,028 | €60,184 | +€52,155 | +650% |
| Income taxes | 67/77 | €6,933 | €16,913 | +€9,980 | +144% |
| Profit (loss) for the period | 9904 | €1,095 | €43,270 | +€42,175 | +3,851% |
| Profit (loss) for the period to be appropriated | 9905 | €1,095 | €43,270 | +€42,175 | +3,851% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.