HB-LINE: 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-LINE
Largest movements
- Cash -€251,822
down €251,822 (-72.9%), from €345,531 to €93,709
mainly Receivables after one year (-€159,380) and Tax, wage and social debts (-€124,746)
- Tangible fixed assets -€204,089
down €204,089 (-56.6%), from €360,608 to €156,519
of which Leasing and similar rights: -€107,390
- Receivables after one year +€159,380
new in 2025: €159,380
- Receivables within one year -€12,791
down €12,791 (-10.4%), from €123,150 to €110,359
of which Trade receivables: -€87,245
- Tax, wage and social debts -€124,746
down €124,746 (-77.5%), from €161,064 to €36,318
of which Taxes: -€153,054
- Debts after one year -€71,104
down €71,104 (-66.4%), from €107,008 to €35,904
- Profit (loss) carried forward -€52,544
new in 2025: -€52,544
- Short-term financial debts -€38,502
no longer reported in 2025 (was €38,502)
- Other debts -€26,598
no longer reported in 2025 (was €26,598)
- Gross operating margin -€419,858
down €419,858 (-87.6%), from €479,179 to €59,321
- Taxes -€107,281
down €107,281 (-99.6%), from €107,729 to €448
- Depreciation -€38,282
down €38,282 (-40.1%), from €95,561 to €57,279
- Other operating charges +€25,339
up €25,339 (+592%), from €4,283 to €29,622
- Staff costs +€5,063
up €5,063 (+50.3%), from €10,065 to €15,128
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 | €833,672 | €525,121 | -€308,551 | -37.0% |
| Fixed assets | 21/28 | €362,858 | €158,769 | -€204,089 | -56.2% |
| Tangible fixed assets | 22/27 | €360,608 | €156,519 | -€204,089 | -56.6% |
| Furniture and vehicles | 24 | €187,877 | €91,177 | -€96,700 | -51.5% |
| Leasing and similar rights | 25 | €172,732 | €65,342 | -€107,390 | -62.2% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €470,813 | €366,352 | -€104,461 | -22.2% |
| Amounts receivable after more than one year | 29 | - | €159,380 | +€159,380 | |
| Other amounts receivable | 291 | - | €159,380 | +€159,380 | |
| Amounts receivable within one year | 40/41 | €123,150 | €110,359 | -€12,791 | -10.4% |
| Trade receivables | 40 | €109,138 | €21,893 | -€87,245 | -79.9% |
| Other amounts receivable | 41 | €14,012 | €88,466 | +€74,454 | +531% |
| Cash at bank and in hand | 54/58 | €345,531 | €93,709 | -€251,822 | -72.9% |
| Deferred charges and accrued income | 490/1 | €2,132 | €2,904 | +€772 | +36.2% |
| Total equity and liabilities | 10/49 | €833,672 | €525,121 | -€308,551 | -37.0% |
| Equity | 10/15 | €467,455 | €414,911 | -€52,544 | -11.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Share premium | 1100/10 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €462,455 | €462,455 | -€0 | 0.0% |
| Distributable reserves | 133 | €462,455 | €462,455 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€52,544 | -€52,544 | |
| Amounts payable | 17/49 | €366,216 | €110,210 | -€256,006 | -69.9% |
| Amounts payable after more than one year | 17 | €107,008 | €35,904 | -€71,104 | -66.4% |
| Financial debts | 170/4 | €107,008 | €35,904 | -€71,104 | -66.4% |
| Amounts payable within one year | 42/48 | €259,209 | €74,306 | -€184,903 | -71.3% |
| Current portion of amounts payable after more than one year | 42 | - | €22,348 | +€22,348 | |
| Financial debts | 43 | €38,502 | - | -€38,502 | |
| Credit institutions | 430/8 | €38,502 | - | -€38,502 | |
| Trade debts | 44 | €33,044 | €15,640 | -€17,404 | -52.7% |
| Suppliers | 440/4 | €33,044 | €15,640 | -€17,404 | -52.7% |
| Taxes, remuneration and social security | 45 | €161,064 | €36,318 | -€124,746 | -77.5% |
| Taxes | 450/3 | €153,502 | €448 | -€153,054 | -99.7% |
| Remuneration and social security | 454/9 | €7,562 | €35,870 | +€28,308 | +374% |
| Other amounts payable | 47/48 | €26,598 | - | -€26,598 | |
| Remuneration, social security and pensions | 62 | €10,065 | €15,128 | +€5,063 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,561 | €57,279 | -€38,282 | -40.1% |
| Other operating charges | 640/8 | €4,283 | €29,622 | +€25,339 | +592% |
| Gross operating margin | 9900 | €479,179 | €59,321 | -€419,858 | -87.6% |
| Operating profit (loss) | 9901 | €369,270 | -€42,708 | -€411,978 | |
| Financial income | 75/76B | €386 | €3,978 | +€3,592 | +931% |
| Recurring financial income | 75 | €386 | €3,978 | +€3,592 | +931% |
| Financial charges | 65/66B | €10,671 | €13,366 | +€2,695 | +25.3% |
| Recurring financial charges | 65 | €10,671 | €13,366 | +€2,695 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €358,985 | -€52,096 | -€411,081 | |
| Income taxes | 67/77 | €107,729 | €448 | -€107,281 | -99.6% |
| Profit (loss) for the period | 9904 | €251,256 | -€52,544 | -€303,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €251,256 | -€52,544 | -€303,800 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.