HB&Q: 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&Q
Largest movements
- Cash +€6.6m
up €6.6m (+26,574%), from €24,732 to €6.6m
- Financial fixed assets -€6.6m
down €6.6m (-64.4%), from €10.2m to €3.6m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€227,346
down €227,346 (-33.1%), from €685,876 to €458,530
of which Financial income: -€660,536
- Purchases and services -€134,345
no longer reported in 2025 (was €134,345)
- Gross operating margin +€84,363
up €84,363 (+62.8%), from -€134,345 to -€49,982
From the 30-06-2025 result to the 04-11-2025 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 30-06-2025 | 04-11-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,214,753 | €10,237,363 | +€22,610 | +0.2% |
| Fixed assets | 21/28 | €10,189,473 | €3,622,663 | -€6.6m | -64.4% |
| Financial fixed assets | 28 | €10,189,473 | €3,622,663 | -€6.6m | -64.4% |
| Current assets | 29/58 | €25,280 | €6,614,700 | +€6.6m | +26,066% |
| Cash at bank and in hand | 54/58 | €24,732 | €6,596,860 | +€6.6m | +26,574% |
| Deferred charges and accrued income | 490/1 | €548 | €17,839 | +€17,291 | +3,155% |
| Total equity and liabilities | 10/49 | €10,214,753 | €10,237,363 | +€22,610 | +0.2% |
| Equity | 10/15 | €10,191,517 | €10,235,751 | +€44,234 | +0.4% |
| Contributions | 10/11 | €11,457,553 | €11,529,553 | +€72,000 | +0.6% |
| Capital | 10 | €11,457,553 | €11,529,553 | +€72,000 | +0.6% |
| Issued capital | 100 | €12,515,186 | €12,515,186 | = | 0.0% |
| Uncalled capital | 101 | €1,057,634 | €985,634 | -€72,000 | -6.8% |
| Profit (loss) carried forward | 14 | -€1,266,036 | -€1,293,802 | -€27,766 | -2.2% |
| Amounts payable | 17/49 | €23,236 | €1,612 | -€21,624 | -93.1% |
| Amounts payable within one year | 42/48 | €20,211 | €1,612 | -€18,599 | -92.0% |
| Trade debts | 44 | €20,211 | €1,612 | -€18,599 | -92.0% |
| Suppliers | 440/4 | €20,211 | €1,612 | -€18,599 | -92.0% |
| Accrued charges and deferred income | 492/3 | €3,025 | - | -€3,025 | |
| Goods, raw materials, services and sundry goods | 60/61 | €134,345 | - | -€134,345 | |
| Non-recurring operating charges | 66A | - | €436,001 | +€436,001 | |
| Gross operating margin | 9900 | -€134,345 | -€49,982 | +€84,363 | +62.8% |
| Operating profit (loss) | 9901 | -€134,345 | -€485,984 | -€351,639 | -262% |
| Financial income | 75/76B | €685,876 | €458,530 | -€227,346 | -33.1% |
| Recurring financial income | 75 | €685,876 | €25,340 | -€660,536 | -96.3% |
| Non-recurring financial income | 76B | €685,876 | €433,190 | -€252,687 | -36.8% |
| Financial charges | 65/66B | €238 | €312 | +€74 | +31.0% |
| Recurring financial charges | 65 | €238 | €312 | +€74 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €551,293 | -€27,766 | -€579,059 | |
| Profit (loss) for the period | 9904 | €551,293 | -€27,766 | -€579,059 | |
| Profit (loss) for the period to be appropriated | 9905 | €551,293 | -€27,766 | -€579,059 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 4 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.