HB CORP.: 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 CORP.
Largest movements
- Tangible fixed assets +€134,329
up €134,329 (+53.2%), from €252,501 to €386,830
of which Land and buildings: +€135,502
- Receivables within one year -€84,729
no longer reported in 2025 (was €84,729)
- Debts after one year +€116,147
up €116,147 (+56.7%), from €204,920 to €321,067
- Other debts -€88,459
down €88,459 (-42.8%), from €206,902 to €118,442
- Tax, wage and social debts +€12,221
up €12,221 (+21.3%), from €57,287 to €69,508
- Gross operating margin +€87,913
up €87,913 (+71.4%), from €123,194 to €211,107
- Financial income -€60,184
no longer reported in 2025 (was €60,184)
- Taxes +€19,683
up €19,683 (+83.1%), from €23,687 to €43,371
- Depreciation +€4,924
up €4,924 (+29.4%), from €16,723 to €21,646
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 | €486,707 | €531,688 | +€44,981 | +9.2% |
| Fixed assets | 21/28 | €253,289 | €387,618 | +€134,329 | +53.0% |
| Tangible fixed assets | 22/27 | €252,501 | €386,830 | +€134,329 | +53.2% |
| Land and buildings | 22 | €245,822 | €381,324 | +€135,502 | +55.1% |
| Plant, machinery and equipment | 23 | €5,146 | €3,817 | -€1,329 | -25.8% |
| Furniture and vehicles | 24 | €1,532 | €1,689 | +€156 | +10.2% |
| Financial fixed assets | 28 | €788 | €788 | = | 0.0% |
| Current assets | 29/58 | €233,419 | €144,071 | -€89,348 | -38.3% |
| Amounts receivable within one year | 40/41 | €84,729 | - | -€84,729 | |
| Other amounts receivable | 41 | €84,729 | - | -€84,729 | |
| Cash at bank and in hand | 54/58 | €119,545 | €116,885 | -€2,660 | -2.2% |
| Deferred charges and accrued income | 490/1 | €29,144 | €27,186 | -€1,958 | -6.7% |
| Total equity and liabilities | 10/49 | €486,707 | €531,688 | +€44,981 | +9.2% |
| Equity | 10/15 | €1,809 | €1,958 | +€149 | +8.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €809 | €958 | +€149 | +18.4% |
| Amounts payable | 17/49 | €484,898 | €529,730 | +€44,832 | +9.2% |
| Amounts payable after more than one year | 17 | €204,920 | €321,067 | +€116,147 | +56.7% |
| Financial debts | 170/4 | €204,920 | €321,067 | +€116,147 | +56.7% |
| Amounts payable within one year | 42/48 | €279,977 | €208,662 | -€71,315 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €14,972 | €19,863 | +€4,891 | +32.7% |
| Trade debts | 44 | €817 | €849 | +€33 | +4.0% |
| Suppliers | 440/4 | €817 | €849 | +€33 | +4.0% |
| Taxes, remuneration and social security | 45 | €57,287 | €69,508 | +€12,221 | +21.3% |
| Taxes | 450/3 | €57,287 | €69,508 | +€12,221 | +21.3% |
| Other amounts payable | 47/48 | €206,902 | €118,442 | -€88,459 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,723 | €21,646 | +€4,924 | +29.4% |
| Other operating charges | 640/8 | €6,868 | €6,214 | -€654 | -9.5% |
| Gross operating margin | 9900 | €123,194 | €211,107 | +€87,913 | +71.4% |
| Operating profit (loss) | 9901 | €99,603 | €183,247 | +€83,644 | +84.0% |
| Financial income | 75/76B | €60,184 | - | -€60,184 | |
| Recurring financial income | 75 | €60,184 | - | -€60,184 | |
| Financial charges | 65/66B | €6,827 | €6,727 | -€99 | -1.5% |
| Recurring financial charges | 65 | €6,827 | €6,727 | -€99 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €152,961 | €176,520 | +€23,559 | +15.4% |
| Income taxes | 67/77 | €23,687 | €43,371 | +€19,683 | +83.1% |
| Profit (loss) for the period | 9904 | €129,274 | €133,149 | +€3,875 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €129,274 | €133,149 | +€3,875 | +3.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.