HB&S-PROJECT: 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&S-PROJECT
Largest movements
- Cash +€10,267
up €10,267 (+1,575%), from €652 to €10,919
mainly Receivables within one year (+€9,801) and Net result for the year (+€3,091)
- Receivables within one year -€9,801
no longer reported in 2025 (was €9,801)
- Financial fixed assets +€1,750
new in 2025: €1,750
- Tangible fixed assets -€478
no longer reported in 2025 (was €478)
- Stocks and contracts +€272
new in 2025: €272
- Tax, wage and social debts -€3,828
down €3,828 (-40.2%), from €9,521 to €5,693
of which Taxes: -€3,959
- Profit (loss) carried forward +€3,825
up €3,825 (+385%), from €994 to €4,819
- Trade debts +€1,068
up €1,068 (+257%), from €416 to €1,484
- Other debts +€945
new in 2025: €945
- Turnover +€71,233
new in 2025: €71,233
- Purchases and services +€59,516
new in 2025: €59,516
- Gross operating margin +€21,142
new in 2025: €21,142
- Staff costs +€16,182
new in 2025: €16,182
- Taxes +€1,030
new in 2025: €1,030
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €10,931 | €12,941 | +€2,010 | +18.4% |
| Fixed assets | 21/28 | €478 | €1,750 | +€1,272 | +266% |
| Tangible fixed assets | 22/27 | €478 | - | -€478 | |
| Furniture and vehicles | 24 | €478 | - | -€478 | |
| Financial fixed assets | 28 | - | €1,750 | +€1,750 | |
| Current assets | 29/58 | €10,453 | €11,191 | +€738 | +7.1% |
| Stocks and contracts in progress | 3 | - | €272 | +€272 | |
| Stocks | 30/36 | - | €272 | +€272 | |
| Amounts receivable within one year | 40/41 | €9,801 | - | -€9,801 | |
| Other amounts receivable | 41 | €9,801 | - | -€9,801 | |
| Cash at bank and in hand | 54/58 | €652 | €10,919 | +€10,267 | +1,575% |
| Total equity and liabilities | 10/49 | €10,931 | €12,941 | +€2,010 | +18.4% |
| Equity | 10/15 | €995 | €4,820 | +€3,825 | +385% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €994 | €4,819 | +€3,825 | +385% |
| Amounts payable | 17/49 | €9,937 | €8,122 | -€1,815 | -18.3% |
| Amounts payable within one year | 42/48 | €9,937 | €8,122 | -€1,815 | -18.3% |
| Trade debts | 44 | €416 | €1,484 | +€1,068 | +257% |
| Suppliers | 440/4 | €416 | €1,484 | +€1,068 | +257% |
| Taxes, remuneration and social security | 45 | €9,521 | €5,693 | -€3,828 | -40.2% |
| Taxes | 450/3 | €9,521 | €5,561 | -€3,959 | -41.6% |
| Remuneration and social security | 454/9 | - | €131 | +€131 | |
| Other amounts payable | 47/48 | - | €945 | +€945 | |
| Turnover | 70 | - | €71,233 | +€71,233 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €59,516 | +€59,516 | |
| Remuneration, social security and pensions | 62 | - | €16,182 | +€16,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €239 | +€239 | |
| Other operating charges | 640/8 | - | €575 | +€575 | |
| Gross operating margin | 9900 | - | €21,142 | +€21,142 | |
| Operating profit (loss) | 9901 | - | €4,147 | +€4,147 | |
| Financial charges | 65/66B | - | €25 | +€25 | |
| Recurring financial charges | 65 | - | €25 | +€25 | |
| Profit (loss) for the period before taxes | 9903 | - | €4,122 | +€4,122 | |
| Income taxes | 67/77 | - | €1,030 | +€1,030 | |
| Profit (loss) for the period | 9904 | - | €3,091 | +€3,091 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €3,091 | +€3,091 |
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 19 October 2026 via checked.be.