H&M Tec: 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 Tec
Largest movements
- Receivables within one year +€123,818
up €123,818 (+385%), from €32,139 to €155,957
of which Other amounts receivable: +€67,688
- Stocks and contracts +€29,381
new in 2025: €29,381
- Cash -€10,094
down €10,094 (-45.3%), from €22,287 to €12,193
mainly Receivables within one year (-€123,818) and Stocks and contracts (-€29,381)
- Financial fixed assets +€7,500
up €7,500 (+615%), from €1,220 to €8,720
- Tangible fixed assets -€3,333
down €3,333 (-33.7%), from €9,886 to €6,553
- Trade debts +€124,129
up €124,129 (+1,417%), from €8,758 to €132,887
- Tax, wage and social debts +€10,719
up €10,719 (+32.2%), from €33,297 to €44,016
of which Remuneration and social security: +€11,154
- Other debts +€7,062
up €7,062 (+535%), from €1,320 to €8,383
- Reserves +€6,916
up €6,916 (+34.1%), from €20,257 to €27,173
- Staff costs +€139,050
up €139,050 (+466%), from €29,820 to €168,871
- Gross operating margin +€134,999
up €134,999 (+225%), from €60,092 to €195,091
- Financial charges +€8,948
up €8,948 (+461%), from €1,943 to €10,890
- Taxes -€4,268
down €4,268 (-55.2%), from €7,732 to €3,464
- Depreciation +€3,220
up €3,220 (+2,833%), from €114 to €3,333
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 | €66,632 | €215,458 | +€148,826 | +223% |
| Fixed assets | 21/28 | €11,107 | €15,273 | +€4,167 | +37.5% |
| Tangible fixed assets | 22/27 | €9,886 | €6,553 | -€3,333 | -33.7% |
| Furniture and vehicles | 24 | €9,886 | €6,553 | -€3,333 | -33.7% |
| Financial fixed assets | 28 | €1,220 | €8,720 | +€7,500 | +615% |
| Current assets | 29/58 | €55,526 | €200,185 | +€144,660 | +261% |
| Stocks and contracts in progress | 3 | - | €29,381 | +€29,381 | |
| Stocks | 30/36 | - | €29,381 | +€29,381 | |
| Amounts receivable within one year | 40/41 | €32,139 | €155,957 | +€123,818 | +385% |
| Trade receivables | 40 | €20,865 | €76,994 | +€56,130 | +269% |
| Other amounts receivable | 41 | €11,275 | €78,963 | +€67,688 | +600% |
| Cash at bank and in hand | 54/58 | €22,287 | €12,193 | -€10,094 | -45.3% |
| Deferred charges and accrued income | 490/1 | €1,099 | €2,654 | +€1,555 | +141% |
| Total equity and liabilities | 10/49 | €66,632 | €215,458 | +€148,826 | +223% |
| Equity | 10/15 | €23,257 | €30,174 | +€6,916 | +29.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,257 | €27,173 | +€6,916 | +34.1% |
| Distributable reserves | 133 | €20,257 | €27,173 | +€6,916 | +34.1% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €43,375 | €185,285 | +€141,910 | +327% |
| Amounts payable within one year | 42/48 | €43,375 | €185,285 | +€141,910 | +327% |
| Trade debts | 44 | €8,758 | €132,887 | +€124,129 | +1,417% |
| Suppliers | 440/4 | €8,758 | €132,887 | +€124,129 | +1,417% |
| Taxes, remuneration and social security | 45 | €33,297 | €44,016 | +€10,719 | +32.2% |
| Taxes | 450/3 | €13,305 | €12,870 | -€436 | -3.3% |
| Remuneration and social security | 454/9 | €19,992 | €31,146 | +€11,154 | +55.8% |
| Other amounts payable | 47/48 | €1,320 | €8,383 | +€7,062 | +535% |
| Remuneration, social security and pensions | 62 | €29,820 | €168,871 | +€139,050 | +466% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114 | €3,333 | +€3,220 | +2,833% |
| Other operating charges | 640/8 | €226 | €1,696 | +€1,470 | +650% |
| Gross operating margin | 9900 | €60,092 | €195,091 | +€134,999 | +225% |
| Operating profit (loss) | 9901 | €29,931 | €21,191 | -€8,740 | -29.2% |
| Financial income | 75/76B | €1 | €80 | +€79 | +15,892% |
| Recurring financial income | 75 | €1 | €80 | +€79 | +15,892% |
| Financial charges | 65/66B | €1,943 | €10,890 | +€8,948 | +461% |
| Recurring financial charges | 65 | €1,943 | €10,890 | +€8,948 | +461% |
| Profit (loss) for the period before taxes | 9903 | €27,989 | €10,381 | -€17,609 | -62.9% |
| Income taxes | 67/77 | €7,732 | €3,464 | -€4,268 | -55.2% |
| Profit (loss) for the period | 9904 | €20,257 | €6,916 | -€13,341 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,257 | €6,916 | -€13,341 | -65.9% |
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 15 October 2026 via checked.be.