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
- Tangible fixed assets -€12,801
down €12,801 (-91.6%), from €13,971 to €1,170
of which Furniture and vehicles: -€6,496
- Receivables after one year +€4,413
new in 2025: €4,413
of which Other amounts receivable: +€2,598
- Stocks and contracts -€2,905
down €2,905 (-100.0%), from €2,905 to €0
- Cash -€2,784
down €2,784 (-56.2%), from €4,954 to €2,171
mainly Trade debts (-€12,790) and Other debts (-€6,652)
- Receivables within one year -€2,490
no longer reported in 2025 (was €2,490)
- Debts after one year +€16,624
new in 2025: €16,624
- Trade debts -€12,790
no longer reported in 2025 (was €12,790)
- Other debts -€6,652
down €6,652 (-26.4%), from €25,170 to €18,518
- Tax, wage and social debts -€5,136
down €5,136 (-92.9%), from €5,527 to €391
of which Taxes: -€4,836
- Profit (loss) carried forward -€5,023
down €5,023 (-13.9%), from -€36,070 to -€41,093
- Gross operating margin +€48,715
up €48,715 (+309.8%), from €15,726 to €64,441
- Other operating charges +€21,037
up €21,037 (+531.0%), from €3,962 to €24,999
- Staff costs +€4,895
up €4,895 (+18.5%), from €26,419 to €31,314
- Depreciation +€3,246
up €3,246 (+34.2%), from €9,485 to €12,731
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 | €24,321 | €7,754 | -€16,567 | -68.1% |
| Fixed assets | 21/28 | €13,971 | €1,170 | -€12,801 | -91.6% |
| Tangible fixed assets | 22/27 | €13,971 | €1,170 | -€12,801 | -91.6% |
| Land and buildings | 22 | €2,863 | €0 | -€2,863 | -100.0% |
| Plant, machinery and equipment | 23 | €3,441 | €0 | -€3,441 | -100.0% |
| Furniture and vehicles | 24 | €7,666 | €1,170 | -€6,496 | -84.7% |
| Current assets | 29/58 | €10,350 | €6,584 | -€3,766 | -36.4% |
| Amounts receivable after more than one year | 29 | - | €4,413 | +€4,413 | |
| Trade receivables | 290 | - | €1,815 | +€1,815 | |
| Other amounts receivable | 291 | - | €2,598 | +€2,598 | |
| Stocks and contracts in progress | 3 | €2,905 | €0 | -€2,905 | -100.0% |
| Stocks | 30/36 | €2,905 | €0 | -€2,905 | -100.0% |
| Amounts receivable within one year | 40/41 | €2,490 | - | -€2,490 | |
| Other amounts receivable | 41 | €2,490 | - | -€2,490 | |
| Cash at bank and in hand | 54/58 | €4,954 | €2,171 | -€2,784 | -56.2% |
| Total equity and liabilities | 10/49 | €24,321 | €7,754 | -€16,567 | -68.1% |
| Equity | 10/15 | -€31,070 | -€36,093 | -€5,023 | -16.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,070 | -€41,093 | -€5,023 | -13.9% |
| Amounts payable | 17/49 | €55,391 | €43,846 | -€11,545 | -20.8% |
| Amounts payable after more than one year | 17 | - | €16,624 | +€16,624 | |
| Other amounts payable | 178/9 | - | €16,624 | +€16,624 | |
| Amounts payable within one year | 42/48 | €55,391 | €27,222 | -€28,169 | -50.9% |
| Financial debts | 43 | €11,904 | €8,312 | -€3,592 | -30.2% |
| Credit institutions | 430/8 | €11,904 | €0 | -€11,904 | -100.0% |
| Other loans | 439 | - | €8,312 | +€8,312 | |
| Trade debts | 44 | €12,790 | - | -€12,790 | |
| Suppliers | 440/4 | €12,790 | - | -€12,790 | |
| Taxes, remuneration and social security | 45 | €5,527 | €391 | -€5,136 | -92.9% |
| Taxes | 450/3 | €4,976 | €140 | -€4,836 | -97.2% |
| Remuneration and social security | 454/9 | €551 | €251 | -€300 | -54.5% |
| Other amounts payable | 47/48 | €25,170 | €18,518 | -€6,652 | -26.4% |
| Remuneration, social security and pensions | 62 | €26,419 | €31,314 | +€4,895 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,485 | €12,731 | +€3,246 | +34.2% |
| Other operating charges | 640/8 | €3,962 | €24,999 | +€21,037 | +531.0% |
| Gross operating margin | 9900 | €15,726 | €64,441 | +€48,715 | +309.8% |
| Operating profit (loss) | 9901 | -€24,140 | -€4,602 | +€19,538 | +80.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -90.6% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -90.6% |
| Financial charges | 65/66B | €114 | €301 | +€187 | +163.5% |
| Recurring financial charges | 65 | €114 | €84 | -€31 | -26.8% |
| Non-recurring financial charges | 66B | - | €217 | +€217 | |
| Profit (loss) for the period before taxes | 9903 | -€24,249 | -€4,903 | +€19,346 | +79.8% |
| Income taxes | 67/77 | €510 | - | -€510 | |
| Profit (loss) for the period | 9904 | -€24,759 | -€4,903 | +€19,856 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,759 | -€4,903 | +€19,856 | +80.2% |
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.