HB: 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.
HB
Largest movements
- Stocks and contracts +€17,234
up €17,234 (+6.2%), from €276,010 to €293,244
- Tangible fixed assets +€6,958
up €6,958 (+108.0%), from €6,444 to €13,402
of which Furniture and vehicles: +€8,713
- Other debts +€43,362
up €43,362 (+13.7%), from €317,264 to €360,626
- Profit (loss) carried forward -€15,306
down €15,306 (-39.5%), from -€38,742 to -€54,047
- Depreciation +€2,131
up €2,131 (+78.6%), from €2,711 to €4,842
- Gross operating margin +€780
up €780 (+7.2%), from -€10,806 to -€10,026
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.
Cash bridge derived
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 | €285,169 | €312,442 | +€27,273 | +9.6% |
| Fixed assets | 21/28 | €6,444 | €13,402 | +€6,958 | +108.0% |
| Tangible fixed assets | 22/27 | €6,444 | €13,402 | +€6,958 | +108.0% |
| Plant, machinery and equipment | 23 | €3,881 | €2,126 | -€1,755 | -45.2% |
| Furniture and vehicles | 24 | €2,563 | €11,276 | +€8,713 | +339.9% |
| Current assets | 29/58 | €278,725 | €299,040 | +€20,315 | +7.3% |
| Stocks and contracts in progress | 3 | €276,010 | €293,244 | +€17,234 | +6.2% |
| Stocks | 30/36 | €276,010 | €293,244 | +€17,234 | +6.2% |
| Amounts receivable within one year | 40/41 | €772 | €1,970 | +€1,198 | +155.1% |
| Trade receivables | 40 | €0 | €795 | +€795 | |
| Other amounts receivable | 41 | €772 | €1,175 | +€403 | +52.2% |
| Cash at bank and in hand | 54/58 | €1,943 | €3,826 | +€1,883 | +96.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €285,169 | €312,442 | +€27,273 | +9.6% |
| Equity | 10/15 | -€33,742 | -€49,047 | -€15,306 | -45.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,742 | -€54,047 | -€15,306 | -39.5% |
| Amounts payable | 17/49 | €318,911 | €361,489 | +€42,578 | +13.4% |
| Amounts payable within one year | 42/48 | €318,911 | €361,489 | +€42,578 | +13.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,647 | €863 | -€784 | -47.6% |
| Suppliers | 440/4 | €1,647 | €863 | -€784 | -47.6% |
| Other amounts payable | 47/48 | €317,264 | €360,626 | +€43,362 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,711 | €4,842 | +€2,131 | +78.6% |
| Other operating charges | 640/8 | €354 | €396 | +€41 | +11.6% |
| Gross operating margin | 9900 | -€10,806 | -€10,026 | +€780 | +7.2% |
| Operating profit (loss) | 9901 | -€13,871 | -€15,264 | -€1,392 | -10.0% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,913 | -€15,306 | -€1,392 | -10.0% |
| Profit (loss) for the period | 9904 | -€13,913 | -€15,306 | -€1,392 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,913 | -€15,306 | -€1,392 | -10.0% |
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 11 October 2026 via checked.be.