H.S.B. AGRI: what changed
What changed
H.S.B. AGRI
NACE 01.610, Support activities for crop production
filed annual accounts (NBB)
Net result for the year
-€335,071
2024 · -€252,906-€82,165
Equity
-€501,991
2024 · -€166,920-€335,071
Cash
€9,745
2024 · €175,602-€165,857
Balance sheet total
€3.3m
2024 · €3.0m+€357,591
Largest movements
Assets
- Tangible fixed assets +€530,459
up €530,459 (+20.8%), from €2.5m to €3.1m
of which Leasing and similar rights: +€745,790
- Cash -€165,857
down €165,857 (-94.5%), from €175,602 to €9,745
mainly Investment in fixed assets (net) (-€1.1m) and Net result for the year (-€335,071)
Equity and liabilities
- Debts after one year +€445,609
up €445,609 (+17.7%), from €2.5m to €3.0m
- Profit (loss) carried forward -€335,071
down €335,071 (-126%), from -€266,920 to -€601,991
- Current portion of long-term debt +€163,809
up €163,809 (+33.4%), from €490,377 to €654,186
- Short-term financial debts +€76,195
new in 2025: €76,195
Income statement
- Staff costs -€86,423
down €86,423 (-43.8%), from €197,184 to €110,761
- Depreciation +€85,695
up €85,695 (+19.2%), from €446,526 to €532,221
- Financial charges +€68,405
up €68,405 (+74.4%), from €91,951 to €160,356
- Gross operating margin -€42,209
down €42,209 (-8.2%), from €512,099 to €469,891
- Other operating charges -€29,430
down €29,430 (-95.1%), from €30,957 to €1,526
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€252,906
Gross operating margin
-€42,209
Staff costs
+€86,423
Depreciation
-€85,695
Write-downs
-€278
Other operating charges
+€29,430
Financial income
-€1,428
Financial charges
-€68,405
Taxes
-€3
Result 2025
-€335,071
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€211,210
Investment
-€1.1m
Financing
+€685,613
Cash 2024
€175,602
From operations (derived)
+€211,210
Net result for the year
-€335,071
Depreciation
+€532,221
Stocks and contracts
-€3,568
Receivables within one year
-€21,343
Deferred charges and accrued income
+€31,922
Trade debts
+€9,459
Smaller working-capital items
-€2,409
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€685,613
Debts after one year
+€445,609
Current portion of long-term debt
+€163,809
Short-term financial debts
+€76,195
Cash 2025
€9,745
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,983,809 | €3,341,400 | +€357,591 | +12.0% |
| Fixed assets | 21/28 | €2,547,035 | €3,077,494 | +€530,459 | +20.8% |
| Tangible fixed assets | 22/27 | €2,546,885 | €3,077,344 | +€530,459 | +20.8% |
| Plant, machinery and equipment | 23 | €343,214 | €128,671 | -€214,543 | -62.5% |
| Furniture and vehicles | 24 | €4,476 | €3,687 | -€789 | -17.6% |
| Leasing and similar rights | 25 | €2,199,195 | €2,944,985 | +€745,790 | +33.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €436,774 | €263,907 | -€172,868 | -39.6% |
| Stocks and contracts in progress | 3 | €16,185 | €19,753 | +€3,568 | +22.0% |
| Stocks | 30/36 | €16,185 | €19,753 | +€3,568 | +22.0% |
| Amounts receivable within one year | 40/41 | €191,277 | €212,620 | +€21,343 | +11.2% |
| Trade receivables | 40 | €179,377 | €207,882 | +€28,504 | +15.9% |
| Other amounts receivable | 41 | €11,900 | €4,739 | -€7,161 | -60.2% |
| Cash at bank and in hand | 54/58 | €175,602 | €9,745 | -€165,857 | -94.5% |
| Deferred charges and accrued income | 490/1 | €53,710 | €21,788 | -€31,922 | -59.4% |
| Total equity and liabilities | 10/49 | €2,983,809 | €3,341,400 | +€357,591 | +12.0% |
| Equity | 10/15 | -€166,920 | -€501,991 | -€335,071 | -201% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,920 | -€601,991 | -€335,071 | -126% |
| Amounts payable | 17/49 | €3,150,729 | €3,843,391 | +€692,662 | +22.0% |
| Amounts payable after more than one year | 17 | €2,523,941 | €2,969,551 | +€445,609 | +17.7% |
| Financial debts | 170/4 | €2,523,941 | €2,969,551 | +€445,609 | +17.7% |
| Amounts payable within one year | 42/48 | €626,554 | €873,841 | +€247,286 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €490,377 | €654,186 | +€163,809 | +33.4% |
| Financial debts | 43 | - | €76,195 | +€76,195 | |
| Credit institutions | 430/8 | - | €76,195 | +€76,195 | |
| Trade debts | 44 | €114,062 | €123,520 | +€9,459 | +8.3% |
| Suppliers | 440/4 | €114,062 | €123,520 | +€9,459 | +8.3% |
| Taxes, remuneration and social security | 45 | €20,608 | €18,432 | -€2,175 | -10.6% |
| Taxes | 450/3 | €1,164 | €2,618 | +€1,454 | +125% |
| Remuneration and social security | 454/9 | €19,444 | €15,814 | -€3,630 | -18.7% |
| Other amounts payable | 47/48 | €1,507 | €1,507 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €234 | - | -€234 | |
| Remuneration, social security and pensions | 62 | €197,184 | €110,761 | -€86,423 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446,526 | €532,221 | +€85,695 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €278 | +€278 | |
| Other operating charges | 640/8 | €30,957 | €1,526 | -€29,430 | -95.1% |
| Gross operating margin | 9900 | €512,099 | €469,891 | -€42,209 | -8.2% |
| Operating profit (loss) | 9901 | -€162,568 | -€174,896 | -€12,328 | -7.6% |
| Financial income | 75/76B | €1,685 | €257 | -€1,428 | -84.7% |
| Recurring financial income | 75 | €1,685 | €257 | -€1,428 | -84.7% |
| Financial charges | 65/66B | €91,951 | €160,356 | +€68,405 | +74.4% |
| Recurring financial charges | 65 | €91,951 | €160,356 | +€68,405 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | -€252,834 | -€334,995 | -€82,162 | -32.5% |
| Income taxes | 67/77 | €72 | €75 | +€3 | +4.3% |
| Profit (loss) for the period | 9904 | -€252,906 | -€335,071 | -€82,165 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€252,906 | -€335,071 | -€82,165 | -32.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.