H.M. TRADING: what changed
H.M. TRADING
Largest movements
- Tangible fixed assets -€13,549
down €13,549 (-56.5%), from €23,992 to €10,443
of which Furniture and vehicles: -€14,493
- Receivables within one year +€2,139
up €2,139 (+81.9%), from €2,611 to €4,750
of which Trade receivables: +€4,559
- Cash -€1,162
down €1,162 (-21.5%), from €5,413 to €4,251
mainly Net result for the year (-€22,368) and Receivables within one year (-€2,139)
- Deferred charges and accrued income -€820
down €820 (-28.0%), from €2,931 to €2,112
- Profit (loss) carried forward -€22,368
down €22,368, from €22,322 to -€46
- Tax, wage and social debts +€7,027
up €7,027 (+924%), from €761 to €7,788
of which Taxes: +€6,949
- Trade debts +€4,019
up €4,019 (+377%), from €1,067 to €5,086
- Other debts -€2,069
down €2,069 (-19.9%), from €10,400 to €8,331
- Turnover -€80,481
down €80,481 (-52.8%), from €152,448 to €71,968
- Purchases and services -€61,829
down €61,829 (-44.0%), from €140,615 to €78,787
- Gross operating margin -€26,191
down €26,191, from €19,615 to -€6,576
- Depreciation -€2,820
down €2,820 (-20.4%), from €13,816 to €10,996
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,947 | €21,556 | -€13,391 | -38.3% |
| Fixed assets | 21/28 | €23,992 | €10,443 | -€13,549 | -56.5% |
| Tangible fixed assets | 22/27 | €23,992 | €10,443 | -€13,549 | -56.5% |
| Plant, machinery and equipment | 23 | - | €944 | +€944 | |
| Furniture and vehicles | 24 | €23,992 | €9,500 | -€14,493 | -60.4% |
| Current assets | 29/58 | €10,955 | €11,112 | +€158 | +1.4% |
| Amounts receivable within one year | 40/41 | €2,611 | €4,750 | +€2,139 | +81.9% |
| Trade receivables | 40 | €112 | €4,671 | +€4,559 | +4,060% |
| Other amounts receivable | 41 | €2,498 | €78 | -€2,420 | -96.9% |
| Cash at bank and in hand | 54/58 | €5,413 | €4,251 | -€1,162 | -21.5% |
| Deferred charges and accrued income | 490/1 | €2,931 | €2,112 | -€820 | -28.0% |
| Total equity and liabilities | 10/49 | €34,947 | €21,556 | -€13,391 | -38.3% |
| Equity | 10/15 | €22,719 | €351 | -€22,368 | -98.5% |
| Reserves | 13 | €397 | €397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €397 | €397 | = | 0.0% |
| Reserves not available under the articles | 1311 | €397 | €397 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,322 | -€46 | -€22,368 | |
| Amounts payable | 17/49 | €12,228 | €21,204 | +€8,977 | +73.4% |
| Amounts payable within one year | 42/48 | €12,228 | €21,204 | +€8,977 | +73.4% |
| Trade debts | 44 | €1,067 | €5,086 | +€4,019 | +377% |
| Suppliers | 440/4 | €1,067 | €5,086 | +€4,019 | +377% |
| Taxes, remuneration and social security | 45 | €761 | €7,788 | +€7,027 | +924% |
| Taxes | 450/3 | €707 | €7,656 | +€6,949 | +984% |
| Remuneration and social security | 454/9 | €54 | €132 | +€78 | +144% |
| Other amounts payable | 47/48 | €10,400 | €8,331 | -€2,069 | -19.9% |
| Turnover | 70 | €152,448 | €71,968 | -€80,481 | -52.8% |
| Non-recurring operating income | 76A | €4,137 | €243 | -€3,894 | -94.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €140,615 | €78,787 | -€61,829 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,816 | €10,996 | -€2,820 | -20.4% |
| Other operating charges | 640/8 | €1,479 | €1,068 | -€411 | -27.8% |
| Non-recurring operating charges | 66A | - | €2,597 | +€2,597 | |
| Gross operating margin | 9900 | €19,615 | -€6,576 | -€26,191 | |
| Operating profit (loss) | 9901 | €4,319 | -€21,237 | -€25,556 | |
| Financial charges | 65/66B | €90 | €104 | +€15 | +16.5% |
| Recurring financial charges | 65 | €90 | €104 | +€15 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €4,229 | -€21,342 | -€25,571 | |
| Income taxes | 67/77 | €1,031 | €1,026 | -€5 | -0.5% |
| Profit (loss) for the period | 9904 | €3,198 | -€22,368 | -€25,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,198 | -€22,368 | -€25,566 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.