H S P A: 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 P A
Largest movements
- Deferred charges and accrued income +€1,713
up €1,713 (+85.0%), from €2,016 to €3,729
- Receivables after one year -€780
down €780 (-1.2%), from €65,000 to €64,220
- Trade debts +€860
up €860 (+25.8%), from €3,334 to €4,195
- Financial income +€1,713
up €1,713 (+85.0%), from €2,016 to €3,729
- Gross operating margin -€829
down €829 (-29.9%), from -€2,774 to -€3,603
- Other operating charges +€284
up €284 (+202%), from €141 to €424
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 | €71,263 | €71,758 | +€495 | +0.7% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €70,763 | €71,258 | +€495 | +0.7% |
| Amounts receivable after more than one year | 29 | €65,000 | €64,220 | -€780 | -1.2% |
| Other amounts receivable | 291 | €65,000 | €64,220 | -€780 | -1.2% |
| Amounts receivable within one year | 40/41 | €3,737 | €3,237 | -€500 | -13.4% |
| Trade receivables | 40 | €1,073 | €1,073 | = | 0.0% |
| Other amounts receivable | 41 | €2,664 | €2,163 | -€500 | -18.8% |
| Cash at bank and in hand | 54/58 | €10 | €73 | +€62 | +599% |
| Deferred charges and accrued income | 490/1 | €2,016 | €3,729 | +€1,713 | +85.0% |
| Total equity and liabilities | 10/49 | €71,263 | €71,758 | +€495 | +0.7% |
| Equity | 10/15 | €67,929 | €67,564 | -€365 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,469 | €47,104 | -€365 | -0.8% |
| Amounts payable | 17/49 | €3,334 | €4,195 | +€860 | +25.8% |
| Amounts payable within one year | 42/48 | €3,334 | €4,195 | +€860 | +25.8% |
| Trade debts | 44 | €3,334 | €4,195 | +€860 | +25.8% |
| Suppliers | 440/4 | €3,334 | €4,195 | +€860 | +25.8% |
| Other operating charges | 640/8 | €141 | €424 | +€284 | +202% |
| Gross operating margin | 9900 | -€2,774 | -€3,603 | -€829 | -29.9% |
| Operating profit (loss) | 9901 | -€2,914 | -€4,028 | -€1,113 | -38.2% |
| Financial income | 75/76B | €2,016 | €3,729 | +€1,713 | +85.0% |
| Recurring financial income | 75 | €2,016 | €3,729 | +€1,713 | +85.0% |
| Financial charges | 65/66B | €77 | €67 | -€10 | -13.4% |
| Recurring financial charges | 65 | €77 | €67 | -€10 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€976 | -€365 | +€610 | +62.5% |
| Profit (loss) for the period | 9904 | -€976 | -€365 | +€610 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€976 | -€365 | +€610 | +62.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.