HB Group: 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 Group
Largest movements
- Receivables within one year +€126,352
up €126,352 (+176.8%), from €71,470 to €197,822
of which Trade receivables: +€118,811
- Cash +€4,689
up €4,689 (+1056.2%), from €444 to €5,133
mainly Advances received (+€77,701) and Trade debts (+€58,682)
- Advances received +€77,701
up €77,701 (+15540.2%), from €500 to €78,201
- Trade debts +€58,682
up €58,682 (+250.7%), from €23,411 to €82,093
- Current portion of long-term debt -€5,247
down €5,247 (-71.6%), from €7,332 to €2,085
- Gross operating margin -€13,615
down €13,615 (-24.7%), from €55,029 to €41,414
- Depreciation -€7,614
down €7,614 (-98.2%), from €7,750 to €136
- Financial charges -€1,562
down €1,562 (-34.8%), from €4,488 to €2,926
- Staff costs +€1,318
up €1,318 (+4.2%), from €31,030 to €32,348
- Other operating charges +€1,057
up €1,057 (+29.6%), from €3,571 to €4,628
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,199 | €217,104 | +€130,905 | +151.9% |
| Fixed assets | 21/28 | €14,285 | €14,149 | -€136 | -1.0% |
| Tangible fixed assets | 22/27 | €285 | €149 | -€136 | -47.8% |
| Plant, machinery and equipment | 23 | €285 | €149 | -€136 | -47.8% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €71,914 | €202,955 | +€131,041 | +182.2% |
| Amounts receivable within one year | 40/41 | €71,470 | €197,822 | +€126,352 | +176.8% |
| Trade receivables | 40 | €47,248 | €166,058 | +€118,811 | +251.5% |
| Other amounts receivable | 41 | €24,223 | €31,764 | +€7,541 | +31.1% |
| Cash at bank and in hand | 54/58 | €444 | €5,133 | +€4,689 | +1056.2% |
| Total equity and liabilities | 10/49 | €86,199 | €217,104 | +€130,905 | +151.9% |
| Equity | 10/15 | €35,693 | €36,857 | +€1,164 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,093 | €18,257 | +€1,164 | +6.8% |
| Amounts payable | 17/49 | €50,505 | €180,247 | +€129,741 | +256.9% |
| Amounts payable within one year | 42/48 | €50,505 | €180,247 | +€129,741 | +256.9% |
| Current portion of amounts payable after more than one year | 42 | €7,332 | €2,085 | -€5,247 | -71.6% |
| Trade debts | 44 | €23,411 | €82,093 | +€58,682 | +250.7% |
| Suppliers | 440/4 | €23,411 | €82,093 | +€58,682 | +250.7% |
| Advances received on contracts in progress | 46 | €500 | €78,201 | +€77,701 | +15540.2% |
| Taxes, remuneration and social security | 45 | €19,262 | €17,868 | -€1,394 | -7.2% |
| Taxes | 450/3 | €13,023 | €13,958 | +€935 | +7.2% |
| Remuneration and social security | 454/9 | €6,239 | €3,910 | -€2,329 | -37.3% |
| Remuneration, social security and pensions | 62 | €31,030 | €32,348 | +€1,318 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,750 | €136 | -€7,614 | -98.2% |
| Other operating charges | 640/8 | €3,571 | €4,628 | +€1,057 | +29.6% |
| Gross operating margin | 9900 | €55,029 | €41,414 | -€13,615 | -24.7% |
| Operating profit (loss) | 9901 | €12,678 | €4,302 | -€8,377 | -66.1% |
| Financial income | 75/76B | €1 | €558 | +€556 | +40310.1% |
| Recurring financial income | 75 | €1 | €558 | +€556 | +40310.1% |
| Financial charges | 65/66B | €4,488 | €2,926 | -€1,562 | -34.8% |
| Recurring financial charges | 65 | €4,488 | €2,926 | -€1,562 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €8,192 | €1,934 | -€6,259 | -76.4% |
| Income taxes | 67/77 | €23 | €770 | +€747 | +3206.1% |
| Profit (loss) for the period | 9904 | €8,169 | €1,164 | -€7,005 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,169 | €1,164 | -€7,005 | -85.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.