HB Expertise: 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 Expertise
Largest movements
- Cash +€56,464
up €56,464 (+504%), from €11,193 to €67,657
mainly Net result for the year (+€45,205) and Receivables within one year (+€6,506)
- Receivables within one year -€6,506
down €6,506 (-99.1%), from €6,566 to €60
- Profit (loss) carried forward +€45,205
up €45,205 (+931%), from €4,858 to €50,063
- Other debts +€3,457
up €3,457 (+44.5%), from €7,775 to €11,233
- Tax, wage and social debts +€1,191
up €1,191 (+88.2%), from €1,350 to €2,541
- Trade debts +€1,055
up €1,055 (+1,000%), from €106 to €1,160
- Gross operating margin +€55,944
up €55,944 (+589%), from €9,501 to €65,445
- Taxes +€15,191
up €15,191 (+1,126%), from €1,350 to €16,541
- Depreciation -€2,929
down €2,929 (-100%), from €2,929 to €0
- Other operating charges +€2,074
new in 2025: €2,074
- Financial charges +€1,261
up €1,261 (+347%), from €364 to €1,625
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 | €18,089 | €68,997 | +€50,908 | +281% |
| Fixed assets | 21/28 | - | €417 | +€417 | |
| Financial fixed assets | 28 | - | €417 | +€417 | |
| Current assets | 29/58 | €18,089 | €68,580 | +€50,491 | +279% |
| Amounts receivable within one year | 40/41 | €6,566 | €60 | -€6,506 | -99.1% |
| Trade receivables | 40 | €6,566 | €60 | -€6,506 | -99.1% |
| Cash at bank and in hand | 54/58 | €11,193 | €67,657 | +€56,464 | +504% |
| Deferred charges and accrued income | 490/1 | €330 | €863 | +€533 | +162% |
| Total equity and liabilities | 10/49 | €18,089 | €68,997 | +€50,908 | +281% |
| Equity | 10/15 | €8,858 | €54,063 | +€45,205 | +510% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,858 | €50,063 | +€45,205 | +931% |
| Amounts payable | 17/49 | €9,231 | €14,933 | +€5,703 | +61.8% |
| Amounts payable within one year | 42/48 | €9,231 | €14,933 | +€5,703 | +61.8% |
| Trade debts | 44 | €106 | €1,160 | +€1,055 | +1,000% |
| Suppliers | 440/4 | €106 | €1,160 | +€1,055 | +1,000% |
| Taxes, remuneration and social security | 45 | €1,350 | €2,541 | +€1,191 | +88.2% |
| Taxes | 450/3 | €1,350 | €2,541 | +€1,191 | +88.2% |
| Other amounts payable | 47/48 | €7,775 | €11,233 | +€3,457 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,929 | €0 | -€2,929 | -100% |
| Other operating charges | 640/8 | - | €2,074 | +€2,074 | |
| Gross operating margin | 9900 | €9,501 | €65,445 | +€55,944 | +589% |
| Operating profit (loss) | 9901 | €6,572 | €63,371 | +€56,800 | +864% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €364 | €1,625 | +€1,261 | +347% |
| Recurring financial charges | 65 | €364 | €1,625 | +€1,261 | +347% |
| Profit (loss) for the period before taxes | 9903 | €6,208 | €61,746 | +€55,538 | +895% |
| Income taxes | 67/77 | €1,350 | €16,541 | +€15,191 | +1,126% |
| Profit (loss) for the period | 9904 | €4,858 | €45,205 | +€40,347 | +831% |
| Profit (loss) for the period to be appropriated | 9905 | €4,858 | €45,205 | +€40,347 | +831% |
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 17 October 2026 via checked.be.