H.S.L.: 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.L.
Largest movements
- Tangible fixed assets -€3,075
down €3,075 (-5.4%), from €56,900 to €53,825
- Cash +€2,472
new in 2024: €2,472
mainly Depreciation (+€3,075) and Trade debts (+€1,654)
- Other debts -€3,224
down €3,224 (-1.5%), from €220,726 to €217,502
- Trade debts +€1,654
new in 2024: €1,654
- Profit (loss) carried forward +€1,385
up €1,385 (+0.2%), from -€834,272 to -€832,887
- Turnover +€1,950
up €1,950 (+39.9%), from €4,890 to €6,840
- Gross operating margin +€1,438
up €1,438 (+29.4%), from €4,890 to €6,328
- Other operating charges +€633
up €633 (+124%), from €509 to €1,142
- Taxes -€604
down €604 (-54.5%), from €1,108 to €504
- Purchases and services +€512
new in 2024: €512
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 | €57,233 | €56,630 | -€603 | -1.1% |
| Fixed assets | 21/28 | €56,900 | €53,825 | -€3,075 | -5.4% |
| Tangible fixed assets | 22/27 | €56,900 | €53,825 | -€3,075 | -5.4% |
| Land and buildings | 22 | €56,900 | €53,825 | -€3,075 | -5.4% |
| Current assets | 29/58 | €333 | €2,805 | +€2,472 | +743% |
| Amounts receivable within one year | 40/41 | €333 | €333 | = | 0.0% |
| Trade receivables | 40 | €333 | €333 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €2,472 | +€2,472 | |
| Total equity and liabilities | 10/49 | €57,233 | €56,630 | -€603 | -1.1% |
| Equity | 10/15 | -€196,664 | -€195,279 | +€1,385 | +0.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €73,892 | €73,892 | = | 0.0% |
| Uncalled capital | 101 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €576,108 | €576,108 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,389 | €7,389 | = | 0.0% |
| Legal reserve | 130 | €7,389 | €7,389 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,071 | €9,071 | = | 0.0% |
| Distributable reserves | 133 | €559,648 | €559,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€834,272 | -€832,887 | +€1,385 | +0.2% |
| Amounts payable | 17/49 | €253,897 | €251,910 | -€1,988 | -0.8% |
| Amounts payable within one year | 42/48 | €248,952 | €246,964 | -€1,988 | -0.8% |
| Financial debts | 43 | €111 | - | -€111 | |
| Credit institutions | 430/8 | €111 | - | -€111 | |
| Trade debts | 44 | - | €1,654 | +€1,654 | |
| Suppliers | 440/4 | - | €1,654 | +€1,654 | |
| Taxes, remuneration and social security | 45 | €28,115 | €27,808 | -€307 | -1.1% |
| Taxes | 450/3 | €28,115 | €27,808 | -€307 | -1.1% |
| Other amounts payable | 47/48 | €220,726 | €217,502 | -€3,224 | -1.5% |
| Accrued charges and deferred income | 492/3 | €4,945 | €4,945 | = | 0.0% |
| Turnover | 70 | €4,890 | €6,840 | +€1,950 | +39.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €512 | +€512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,075 | €3,075 | = | 0.0% |
| Other operating charges | 640/8 | €509 | €1,142 | +€633 | +124% |
| Gross operating margin | 9900 | €4,890 | €6,328 | +€1,438 | +29.4% |
| Operating profit (loss) | 9901 | €1,306 | €2,111 | +€805 | +61.7% |
| Financial charges | 65/66B | €316 | €222 | -€94 | -29.7% |
| Recurring financial charges | 65 | €316 | €222 | -€94 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €990 | €1,889 | +€899 | +90.8% |
| Income taxes | 67/77 | €1,108 | €504 | -€604 | -54.5% |
| Profit (loss) for the period | 9904 | -€118 | €1,385 | +€1,503 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118 | €1,385 | +€1,503 |
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 24 October 2026 via checked.be.