HB PRODUCTION: 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 PRODUCTION
Largest movements
- Cash +€79,776
up €79,776 (+182%), from €43,782 to €123,558
mainly Net result for the year (+€66,548) and Trade debts (+€21,081)
- Receivables within one year +€42,403
up €42,403 (+65.0%), from €65,208 to €107,611
of which Trade receivables: +€53,066
- Tangible fixed assets -€3,870
down €3,870 (-24.8%), from €15,573 to €11,703
- Profit (loss) carried forward +€66,548
up €66,548 (+55.7%), from €119,427 to €185,975
- Trade debts +€21,081
up €21,081 (+340%), from €6,207 to €27,288
- Contributions +€18,500
up €18,500 (+18,500%), from €100 to €18,600
- Tax, wage and social debts +€12,001
new in 2025: €12,001
- Turnover +€893,743
new in 2025: €893,743
- Purchases and services +€819,605
new in 2025: €819,605
- Gross operating margin +€27,621
up €27,621 (+59.4%), from €46,517 to €74,138
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 | €125,754 | €243,864 | +€118,109 | +93.9% |
| Fixed assets | 21/28 | €15,673 | €11,803 | -€3,870 | -24.7% |
| Tangible fixed assets | 22/27 | €15,573 | €11,703 | -€3,870 | -24.8% |
| Furniture and vehicles | 24 | €15,573 | €11,703 | -€3,870 | -24.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €110,081 | €232,060 | +€121,979 | +111% |
| Amounts receivable within one year | 40/41 | €65,208 | €107,611 | +€42,403 | +65.0% |
| Trade receivables | 40 | €54,545 | €107,611 | +€53,066 | +97.3% |
| Other amounts receivable | 41 | €10,663 | - | -€10,663 | |
| Cash at bank and in hand | 54/58 | €43,782 | €123,558 | +€79,776 | +182% |
| Deferred charges and accrued income | 490/1 | €1,091 | €891 | -€200 | -18.3% |
| Total equity and liabilities | 10/49 | €125,754 | €243,864 | +€118,109 | +93.9% |
| Equity | 10/15 | €119,527 | €204,575 | +€85,048 | +71.2% |
| Contributions | 10/11 | €100 | €18,600 | +€18,500 | +18,500% |
| Capital | 10 | €100 | - | -€100 | |
| Issued capital | 100 | €100 | - | -€100 | |
| Profit (loss) carried forward | 14 | €119,427 | €185,975 | +€66,548 | +55.7% |
| Amounts payable | 17/49 | €6,227 | €39,289 | +€33,062 | +531% |
| Amounts payable within one year | 42/48 | €6,227 | €39,289 | +€33,062 | +531% |
| Financial debts | 43 | €20 | - | -€20 | |
| Credit institutions | 430/8 | €20 | - | -€20 | |
| Trade debts | 44 | €6,207 | €27,288 | +€21,081 | +340% |
| Suppliers | 440/4 | €6,207 | €27,288 | +€21,081 | +340% |
| Taxes, remuneration and social security | 45 | - | €12,001 | +€12,001 | |
| Taxes | 450/3 | - | €12,001 | +€12,001 | |
| Turnover | 70 | - | €893,743 | +€893,743 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €819,605 | +€819,605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €3,870 | +€369 | +10.6% |
| Other operating charges | 640/8 | €2,535 | €578 | -€1,958 | -77.2% |
| Gross operating margin | 9900 | €46,517 | €74,138 | +€27,621 | +59.4% |
| Operating profit (loss) | 9901 | €40,481 | €69,690 | +€29,209 | +72.2% |
| Financial charges | 65/66B | €305 | €392 | +€87 | +28.6% |
| Recurring financial charges | 65 | €305 | €392 | +€87 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €40,176 | €69,298 | +€29,122 | +72.5% |
| Income taxes | 67/77 | €5,819 | €2,750 | -€3,069 | -52.7% |
| Profit (loss) for the period | 9904 | €34,357 | €66,548 | +€32,191 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,357 | €66,548 | +€32,191 | +93.7% |
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 22 October 2026 via checked.be.