HB ACADEMY: 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 ACADEMY
Largest movements
- Receivables within one year +€42,422
up €42,422 (+10.9%), from €387,620 to €430,042
of which Trade receivables: +€25,884
- Tangible fixed assets -€14,450
down €14,450 (-28.9%), from €50,016 to €35,566
of which Plant, machinery and equipment: -€12,678
- Debts within one year +€52,036
up €52,036 (+11.7%), from €443,746 to €495,782
- Accrued charges and deferred income -€13,361
no longer reported in 2024 (was €13,361)
- Profit (loss) carried forward -€10,710
down €10,710 (-55.3%), from -€19,381 to -€30,090
- Other operating charges -€64,362
down €64,362 (-99.1%), from €64,915 to €553
- Gross operating margin -€60,027
down €60,027 (-79.6%), from €75,443 to €15,417
- Taxes +€7,574
up €7,574 (+6,848%), from €111 to €7,685
- Financial charges +€2,495
up €2,495 (+18.1%), from €13,799 to €16,294
- Financial income +€1,100
up €1,100 (+9.4%), from €11,756 to €12,856
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 | €437,727 | €465,692 | +€27,965 | +6.4% |
| Fixed assets | 21/28 | €50,016 | €35,566 | -€14,450 | -28.9% |
| Tangible fixed assets | 22/27 | €50,016 | €35,566 | -€14,450 | -28.9% |
| Plant, machinery and equipment | 23 | €45,585 | €32,907 | -€12,678 | -27.8% |
| Furniture and vehicles | 24 | €4,432 | €2,659 | -€1,773 | -40.0% |
| Current assets | 29/58 | €387,711 | €430,126 | +€42,415 | +10.9% |
| Amounts receivable within one year | 40/41 | €387,620 | €430,042 | +€42,422 | +10.9% |
| Trade receivables | 40 | €163,125 | €189,009 | +€25,884 | +15.9% |
| Other amounts receivable | 41 | €224,495 | €241,033 | +€16,537 | +7.4% |
| Cash at bank and in hand | 54/58 | €90 | €84 | -€6 | -7.0% |
| Total equity and liabilities | 10/49 | €437,727 | €465,692 | +€27,965 | +6.4% |
| Equity | 10/15 | -€19,381 | -€30,090 | -€10,710 | -55.3% |
| Profit (loss) carried forward | 14 | -€19,381 | -€30,090 | -€10,710 | -55.3% |
| Amounts payable | 17/49 | €457,107 | €495,782 | +€38,675 | +8.5% |
| Amounts payable within one year | 42/48 | €443,746 | €495,782 | +€52,036 | +11.7% |
| Trade debts | 44 | €12,606 | €20,110 | +€7,504 | +59.5% |
| Suppliers | 440/4 | €12,606 | €20,110 | +€7,504 | +59.5% |
| Taxes, remuneration and social security | 45 | €1,718 | €7,684 | +€5,967 | +347% |
| Taxes | 450/3 | €1,718 | €7,684 | +€5,967 | +347% |
| Accrued charges and deferred income | 492/3 | €13,361 | - | -€13,361 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,564 | €14,450 | +€886 | +6.5% |
| Other operating charges | 640/8 | €64,915 | €553 | -€64,362 | -99.1% |
| Gross operating margin | 9900 | €75,443 | €15,417 | -€60,027 | -79.6% |
| Operating profit (loss) | 9901 | -€3,035 | €413 | +€3,449 | |
| Financial income | 75/76B | €11,756 | €12,856 | +€1,100 | +9.4% |
| Recurring financial income | 75 | €11,756 | €12,856 | +€1,100 | +9.4% |
| Financial charges | 65/66B | €13,799 | €16,294 | +€2,495 | +18.1% |
| Recurring financial charges | 65 | €13,799 | €16,294 | +€2,495 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,079 | -€3,025 | +€2,054 | +40.4% |
| Income taxes | 67/77 | €111 | €7,685 | +€7,574 | +6,848% |
| Profit (loss) for the period | 9904 | -€5,189 | -€10,709 | -€5,520 | -106% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,189 | -€10,709 | -€5,520 | -106% |
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 15 October 2026 via checked.be.