H.M. WASTE SOLUTIONS: 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. WASTE SOLUTIONS
Largest movements
- Current investments -€488,691
down €488,691 (-64.1%), from €761,911 to €273,220
- Tangible fixed assets +€12,336
up €12,336 (+136%), from €9,050 to €21,387
of which Furniture and vehicles: +€13,957
- Cash -€11,413
down €11,413 (-5.9%), from €194,050 to €182,637
mainly Contributions, distributions and other (-€553,276) and Investment in fixed assets (net) (-€17,625)
- Reserves -€489,586
down €489,586 (-55.6%), from €880,273 to €390,687
of which Distributable reserves: -€489,586
- Tax, wage and social debts +€18,283
up €18,283 (+55.2%), from €33,148 to €51,431
of which Taxes: +€12,397
- Other debts -€16,394
down €16,394 (-70.2%), from €23,359 to €6,965
- Financial income +€52,349
up €52,349 (+925%), from €5,659 to €58,007
- Taxes +€16,367
up €16,367 (+90.6%), from €18,070 to €34,437
- Gross operating margin -€6,726
down €6,726 (-11.6%), from €58,069 to €51,343
- Financial charges -€2,856
down €2,856 (-42.4%), from €6,737 to €3,881
- Depreciation -€1,303
down €1,303 (-19.8%), from €6,591 to €5,288
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 | €998,561 | €508,021 | -€490,539 | -49.1% |
| Fixed assets | 21/28 | €9,050 | €21,387 | +€12,336 | +136% |
| Tangible fixed assets | 22/27 | €9,050 | €21,387 | +€12,336 | +136% |
| Plant, machinery and equipment | 23 | €5,354 | €3,733 | -€1,621 | -30.3% |
| Furniture and vehicles | 24 | €3,696 | €17,653 | +€13,957 | +378% |
| Current assets | 29/58 | €989,511 | €486,635 | -€502,876 | -50.8% |
| Amounts receivable within one year | 40/41 | €27,830 | €26,620 | -€1,210 | -4.3% |
| Trade receivables | 40 | €27,830 | €26,620 | -€1,210 | -4.3% |
| Current investments | 50/53 | €761,911 | €273,220 | -€488,691 | -64.1% |
| Cash at bank and in hand | 54/58 | €194,050 | €182,637 | -€11,413 | -5.9% |
| Deferred charges and accrued income | 490/1 | €5,720 | €4,157 | -€1,562 | -27.3% |
| Total equity and liabilities | 10/49 | €998,561 | €508,021 | -€490,539 | -49.1% |
| Equity | 10/15 | €900,273 | €410,687 | -€489,586 | -54.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €880,273 | €390,687 | -€489,586 | -55.6% |
| Non-distributable reserves | 130/1 | €7,151 | €7,151 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,151 | €7,151 | = | 0.0% |
| Distributable reserves | 133 | €873,122 | €383,536 | -€489,586 | -56.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €35,846 | €35,846 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,846 | €35,846 | = | 0.0% |
| Pensions and similar obligations | 160 | €35,846 | €35,846 | = | 0.0% |
| Amounts payable | 17/49 | €62,442 | €61,489 | -€954 | -1.5% |
| Amounts payable within one year | 42/48 | €58,936 | €60,415 | +€1,480 | +2.5% |
| Trade debts | 44 | €2,429 | €2,020 | -€409 | -16.8% |
| Suppliers | 440/4 | €2,429 | €2,020 | -€409 | -16.8% |
| Taxes, remuneration and social security | 45 | €33,148 | €51,431 | +€18,283 | +55.2% |
| Taxes | 450/3 | €33,148 | €45,545 | +€12,397 | +37.4% |
| Remuneration and social security | 454/9 | €0 | €5,886 | +€5,886 | |
| Other amounts payable | 47/48 | €23,359 | €6,965 | -€16,394 | -70.2% |
| Accrued charges and deferred income | 492/3 | €3,507 | €1,073 | -€2,434 | -69.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,591 | €5,288 | -€1,303 | -19.8% |
| Other operating charges | 640/8 | €1,893 | €2,054 | +€160 | +8.5% |
| Gross operating margin | 9900 | €58,069 | €51,343 | -€6,726 | -11.6% |
| Operating profit (loss) | 9901 | €49,585 | €44,001 | -€5,583 | -11.3% |
| Financial income | 75/76B | €5,659 | €58,007 | +€52,349 | +925% |
| Recurring financial income | 75 | €5,659 | €58,007 | +€52,349 | +925% |
| Financial charges | 65/66B | €6,737 | €3,881 | -€2,856 | -42.4% |
| Recurring financial charges | 65 | €6,737 | €3,881 | -€2,856 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €48,506 | €98,127 | +€49,621 | +102% |
| Income taxes | 67/77 | €18,070 | €34,437 | +€16,367 | +90.6% |
| Profit (loss) for the period | 9904 | €30,436 | €63,690 | +€33,254 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €30,436 | €63,690 | +€33,254 | +109% |
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 1 November 2026 via checked.be.