H.S. General: 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.S. General
Largest movements
- Cash -€7,665
down €7,665 (-99.1%), from €7,738 to €73
mainly Tax, wage and social debts (-€8,221) and Receivables within one year (-€7,052)
- Receivables within one year +€7,052
up €7,052 (+19.0%), from €37,152 to €44,205
of which Trade receivables: +€26,576
- Deferred charges and accrued income +€1,705
new in 2024: €1,705
- Formation expenses -€1,305
no longer reported in 2024 (was €1,305)
- Stocks and contracts +€960
up €960 (+27.6%), from €3,474 to €4,434
- Trade debts +€16,680
up €16,680 (+65.7%), from €25,384 to €42,064
- Tax, wage and social debts -€8,221
down €8,221 (-34.3%), from €24,002 to €15,781
of which Taxes: -€21,044
- Other debts -€5,286
no longer reported in 2024 (was €5,286)
- Profit (loss) carried forward -€2,427
down €2,427 (-37.3%), from -€6,501 to -€8,928
- Purchases and services -€136,250
down €136,250 (-57.9%), from €235,405 to €99,154
- Turnover -€128,093
down €128,093 (-51.8%), from €247,140 to €119,047
- Gross operating margin +€5,499
up €5,499 (+21.2%), from €25,920 to €31,419
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,670 | €50,417 | +€747 | +1.5% |
| Formation expenses | 20 | €1,305 | - | -€1,305 | |
| Current assets | 29/58 | €48,365 | €50,417 | +€2,052 | +4.2% |
| Stocks and contracts in progress | 3 | €3,474 | €4,434 | +€960 | +27.6% |
| Stocks | 30/36 | €3,474 | €4,434 | +€960 | +27.6% |
| Amounts receivable within one year | 40/41 | €37,152 | €44,205 | +€7,052 | +19.0% |
| Trade receivables | 40 | €15,514 | €42,089 | +€26,576 | +171% |
| Other amounts receivable | 41 | €21,639 | €2,115 | -€19,524 | -90.2% |
| Cash at bank and in hand | 54/58 | €7,738 | €73 | -€7,665 | -99.1% |
| Deferred charges and accrued income | 490/1 | - | €1,705 | +€1,705 | |
| Total equity and liabilities | 10/49 | €49,670 | €50,417 | +€747 | +1.5% |
| Equity | 10/15 | -€5,001 | -€7,428 | -€2,427 | -48.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,501 | -€8,928 | -€2,427 | -37.3% |
| Amounts payable | 17/49 | €54,671 | €57,845 | +€3,174 | +5.8% |
| Amounts payable within one year | 42/48 | €54,671 | €57,845 | +€3,174 | +5.8% |
| Trade debts | 44 | €25,384 | €42,064 | +€16,680 | +65.7% |
| Suppliers | 440/4 | €25,384 | €42,064 | +€16,680 | +65.7% |
| Taxes, remuneration and social security | 45 | €24,002 | €15,781 | -€8,221 | -34.3% |
| Taxes | 450/3 | €22,009 | €966 | -€21,044 | -95.6% |
| Remuneration and social security | 454/9 | €1,992 | €14,816 | +€12,823 | +644% |
| Other amounts payable | 47/48 | €5,286 | - | -€5,286 | |
| Turnover | 70 | €247,140 | €119,047 | -€128,093 | -51.8% |
| Non-recurring operating income | 76A | €14,185 | €11,526 | -€2,658 | -18.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €235,405 | €99,154 | -€136,250 | -57.9% |
| Remuneration, social security and pensions | 62 | €32,064 | €31,593 | -€471 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,705 | +€1,705 | |
| Other operating charges | 640/8 | - | €219 | +€219 | |
| Gross operating margin | 9900 | €25,920 | €31,419 | +€5,499 | +21.2% |
| Operating profit (loss) | 9901 | -€6,144 | -€2,099 | +€4,045 | +65.8% |
| Financial charges | 65/66B | €357 | €328 | -€28 | -7.9% |
| Recurring financial charges | 65 | €357 | €328 | -€28 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,501 | -€2,427 | +€4,073 | +62.7% |
| Profit (loss) for the period | 9904 | -€6,501 | -€2,427 | +€4,073 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,501 | -€2,427 | +€4,073 | +62.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.