H.M. World Services: 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. World Services
Largest movements
- Cash +€12,514
up €12,514 (+27.5%), from €45,446 to €57,960
mainly Net result for the year (+€21,043) and Tax, wage and social debts (+€6,150)
- Receivables after one year +€10,000
up €10,000 (+200%), from €5,000 to €15,000
- Receivables within one year +€4,238
up €4,238 (+65.9%), from €6,431 to €10,669
of which Other amounts receivable: +€7,303
- Reserves +€21,043
up €21,043 (+48.1%), from €43,765 to €64,808
- Tax, wage and social debts +€6,150
up €6,150 (+54.9%), from €11,193 to €17,343
- Gross operating margin -€27,926
down €27,926 (-50.8%), from €54,956 to €27,030
- Taxes -€5,043
down €5,043 (-45.1%), from €11,193 to €6,150
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 | €56,877 | €83,629 | +€26,752 | +47.0% |
| Current assets | 29/58 | €56,877 | €83,629 | +€26,752 | +47.0% |
| Amounts receivable after more than one year | 29 | €5,000 | €15,000 | +€10,000 | +200% |
| Other amounts receivable | 291 | €5,000 | €15,000 | +€10,000 | +200% |
| Amounts receivable within one year | 40/41 | €6,431 | €10,669 | +€4,238 | +65.9% |
| Trade receivables | 40 | €5,185 | €2,119 | -€3,066 | -59.1% |
| Other amounts receivable | 41 | €1,247 | €8,550 | +€7,303 | +586% |
| Cash at bank and in hand | 54/58 | €45,446 | €57,960 | +€12,514 | +27.5% |
| Total equity and liabilities | 10/49 | €56,877 | €83,629 | +€26,752 | +47.0% |
| Equity | 10/15 | €44,765 | €65,808 | +€21,043 | +47.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €43,765 | €64,808 | +€21,043 | +48.1% |
| Distributable reserves | 133 | €43,765 | €64,808 | +€21,043 | +48.1% |
| Amounts payable | 17/49 | €12,112 | €17,821 | +€5,709 | +47.1% |
| Amounts payable within one year | 42/48 | €12,112 | €17,821 | +€5,709 | +47.1% |
| Trade debts | 44 | €919 | €478 | -€441 | -48.0% |
| Suppliers | 440/4 | €919 | €478 | -€441 | -48.0% |
| Taxes, remuneration and social security | 45 | €11,193 | €17,343 | +€6,150 | +54.9% |
| Taxes | 450/3 | €11,193 | €17,343 | +€6,150 | +54.9% |
| Other operating charges | 640/8 | - | €109 | +€109 | |
| Gross operating margin | 9900 | €54,956 | €27,030 | -€27,926 | -50.8% |
| Operating profit (loss) | 9901 | €54,956 | €26,921 | -€28,035 | -51.0% |
| Financial income | 75/76B | €41 | €362 | +€321 | +777% |
| Recurring financial income | 75 | €41 | €362 | +€321 | +777% |
| Financial charges | 65/66B | €40 | €90 | +€51 | +128% |
| Recurring financial charges | 65 | €40 | €90 | +€51 | +128% |
| Profit (loss) for the period before taxes | 9903 | €54,958 | €27,193 | -€27,765 | -50.5% |
| Income taxes | 67/77 | €11,193 | €6,150 | -€5,043 | -45.1% |
| Profit (loss) for the period | 9904 | €43,765 | €21,043 | -€22,722 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,765 | €21,043 | -€22,722 | -51.9% |
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 26 October 2026 via checked.be.