H.P.B.C.: 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.P.B.C.
Largest movements
- Cash +€131,642
up €131,642 (+339%), from €38,871 to €170,514
mainly Current investments (+€130,000) and Net result for the year (+€44,775)
- Current investments -€130,000
no longer reported in 2025 (was €130,000)
- Receivables within one year +€16,625
new in 2025: €16,625
- Deferred charges and accrued income -€8,523
down €8,523 (-53.8%), from €15,831 to €7,308
- Reserves +€43,500
up €43,500 (+36.9%), from €118,000 to €161,500
- Tax, wage and social debts -€33,307
down €33,307 (-67.8%), from €49,141 to €15,835
of which Taxes: -€31,789
- Trade debts -€2,080
down €2,080 (-76.1%), from €2,735 to €655
- Gross operating margin +€18,052
up €18,052 (+33.5%), from €53,922 to €71,975
- Taxes +€3,812
up €3,812 (+34.2%), from €11,150 to €14,962
- Staff costs -€2,263
down €2,263 (-14.9%), from €15,199 to €12,937
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 | €185,650 | €195,038 | +€9,388 | +5.1% |
| Fixed assets | 21/28 | €948 | €591 | -€357 | -37.7% |
| Tangible fixed assets | 22/27 | €948 | €591 | -€357 | -37.7% |
| Plant, machinery and equipment | 23 | €948 | €591 | -€357 | -37.7% |
| Current assets | 29/58 | €184,702 | €194,447 | +€9,744 | +5.3% |
| Amounts receivable within one year | 40/41 | - | €16,625 | +€16,625 | |
| Trade receivables | 40 | - | €16,625 | +€16,625 | |
| Current investments | 50/53 | €130,000 | - | -€130,000 | |
| Cash at bank and in hand | 54/58 | €38,871 | €170,514 | +€131,642 | +339% |
| Deferred charges and accrued income | 490/1 | €15,831 | €7,308 | -€8,523 | -53.8% |
| Total equity and liabilities | 10/49 | €185,650 | €195,038 | +€9,388 | +5.1% |
| Equity | 10/15 | €133,160 | €177,934 | +€44,775 | +33.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €118,000 | €161,500 | +€43,500 | +36.9% |
| Distributable reserves | 133 | €118,000 | €161,500 | +€43,500 | +36.9% |
| Profit (loss) carried forward | 14 | €10,160 | €11,434 | +€1,275 | +12.5% |
| Amounts payable | 17/49 | €52,490 | €17,103 | -€35,387 | -67.4% |
| Amounts payable within one year | 42/48 | €52,490 | €17,103 | -€35,387 | -67.4% |
| Trade debts | 44 | €2,735 | €655 | -€2,080 | -76.1% |
| Suppliers | 440/4 | €2,735 | €655 | -€2,080 | -76.1% |
| Taxes, remuneration and social security | 45 | €49,141 | €15,835 | -€33,307 | -67.8% |
| Taxes | 450/3 | €43,871 | €12,083 | -€31,789 | -72.5% |
| Remuneration and social security | 454/9 | €5,270 | €3,752 | -€1,518 | -28.8% |
| Other amounts payable | 47/48 | €614 | €614 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €15,199 | €12,937 | -€2,263 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573 | €357 | -€217 | -37.8% |
| Other operating charges | 640/8 | €628 | €528 | -€101 | -16.0% |
| Gross operating margin | 9900 | €53,922 | €71,975 | +€18,052 | +33.5% |
| Operating profit (loss) | 9901 | €37,521 | €58,153 | +€20,632 | +55.0% |
| Financial income | 75/76B | €1,072 | €1,661 | +€590 | +55.0% |
| Recurring financial income | 75 | €1,072 | €1,661 | +€590 | +55.0% |
| Financial charges | 65/66B | €111 | €78 | -€33 | -30.0% |
| Recurring financial charges | 65 | €111 | €78 | -€33 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €38,481 | €59,737 | +€21,255 | +55.2% |
| Income taxes | 67/77 | €11,150 | €14,962 | +€3,812 | +34.2% |
| Profit (loss) for the period | 9904 | €27,331 | €44,775 | +€17,443 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,331 | €44,775 | +€17,443 | +63.8% |
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 25 October 2026 via checked.be.