HB SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Receivables within one year -€18,321
down €18,321 (-41.0%), from €44,688 to €26,367
of which Trade receivables: -€17,960
- Stocks and contracts +€7,980
up €7,980 (+31.3%), from €25,526 to €33,506
of which Stocks: +€5,230
- Tangible fixed assets -€4,773
down €4,773 (-18.3%), from €26,026 to €21,252
of which Furniture and vehicles: -€4,941
- Cash +€3,270
up €3,270 (+8039.6%), from €41 to €3,310
mainly Receivables within one year (+€18,321) and Other debts (+€7,603)
- Reserves -€7,748
down €7,748 (-27.7%), from €27,972 to €20,224
of which Distributable reserves: -€7,748
- Other debts +€7,603
up €7,603 (+84.4%), from €9,008 to €16,611
- Trade debts -€5,816
down €5,816 (-45.0%), from €12,926 to €7,110
- Current portion of long-term debt -€4,962
down €4,962 (-60.5%), from €8,198 to €3,236
- Debts after one year -€3,236
down €3,236 (-33.2%), from €9,736 to €6,500
- Gross operating margin +€5,333
up €5,333 (+38.2%), from €13,975 to €19,308
- Financial charges +€5,124
up €5,124 (+533.3%), from €961 to €6,085
- Depreciation -€558
down €558 (-8.0%), from €6,966 to €6,408
- Other operating charges -€441
down €441 (-46.6%), from €947 to €505
- Taxes +€389
up €389 (+27.5%), from €1,418 to €1,808
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,281 | €84,435 | -€11,846 | -12.3% |
| Fixed assets | 21/28 | €26,026 | €21,252 | -€4,773 | -18.3% |
| Tangible fixed assets | 22/27 | €26,026 | €21,252 | -€4,773 | -18.3% |
| Land and buildings | 22 | €1,338 | €1,070 | -€268 | -20.0% |
| Plant, machinery and equipment | 23 | €1,613 | €2,048 | +€435 | +27.0% |
| Furniture and vehicles | 24 | €23,075 | €18,134 | -€4,941 | -21.4% |
| Current assets | 29/58 | €70,255 | €63,183 | -€7,072 | -10.1% |
| Stocks and contracts in progress | 3 | €25,526 | €33,506 | +€7,980 | +31.3% |
| Stocks | 30/36 | €13,026 | €18,256 | +€5,230 | +40.1% |
| Contracts in progress | 37 | €12,500 | €15,250 | +€2,750 | +22.0% |
| Amounts receivable within one year | 40/41 | €44,688 | €26,367 | -€18,321 | -41.0% |
| Trade receivables | 40 | €36,505 | €18,545 | -€17,960 | -49.2% |
| Other amounts receivable | 41 | €8,183 | €7,822 | -€361 | -4.4% |
| Cash at bank and in hand | 54/58 | €41 | €3,310 | +€3,270 | +8039.6% |
| Total equity and liabilities | 10/49 | €96,281 | €84,435 | -€11,846 | -12.3% |
| Equity | 10/15 | €54,022 | €46,274 | -€7,748 | -14.3% |
| Contributions | 10/11 | €26,051 | €26,051 | = | 0.0% |
| Capital | 10 | €26,051 | €26,051 | = | 0.0% |
| Issued capital | 100 | €26,051 | €26,051 | = | 0.0% |
| Reserves | 13 | €27,972 | €20,224 | -€7,748 | -27.7% |
| Non-distributable reserves | 130/1 | €2,605 | €2,605 | = | 0.0% |
| Legal reserve | 130 | €2,605 | €2,605 | = | 0.0% |
| Distributable reserves | 133 | €25,366 | €17,618 | -€7,748 | -30.5% |
| Amounts payable | 17/49 | €42,258 | €38,161 | -€4,098 | -9.7% |
| Amounts payable after more than one year | 17 | €9,736 | €6,500 | -€3,236 | -33.2% |
| Financial debts | 170/4 | €9,736 | €6,500 | -€3,236 | -33.2% |
| Amounts payable within one year | 42/48 | €31,790 | €30,424 | -€1,367 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €8,198 | €3,236 | -€4,962 | -60.5% |
| Trade debts | 44 | €12,926 | €7,110 | -€5,816 | -45.0% |
| Suppliers | 440/4 | €12,926 | €7,110 | -€5,816 | -45.0% |
| Taxes, remuneration and social security | 45 | €1,658 | €3,466 | +€1,808 | +109.0% |
| Taxes | 450/3 | €1,658 | €3,466 | +€1,808 | +109.0% |
| Other amounts payable | 47/48 | €9,008 | €16,611 | +€7,603 | +84.4% |
| Accrued charges and deferred income | 492/3 | €732 | €1,237 | +€505 | +69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,966 | €6,408 | -€558 | -8.0% |
| Other operating charges | 640/8 | €947 | €505 | -€441 | -46.6% |
| Gross operating margin | 9900 | €13,975 | €19,308 | +€5,333 | +38.2% |
| Operating profit (loss) | 9901 | €6,062 | €12,395 | +€6,332 | +104.4% |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.8% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.8% |
| Financial charges | 65/66B | €961 | €6,085 | +€5,124 | +533.3% |
| Recurring financial charges | 65 | €961 | €6,085 | +€5,124 | +533.3% |
| Profit (loss) for the period before taxes | 9903 | €5,118 | €6,310 | +€1,192 | +23.3% |
| Income taxes | 67/77 | €1,418 | €1,808 | +€389 | +27.5% |
| Profit (loss) for the period | 9904 | €3,699 | €4,502 | +€803 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,699 | €4,502 | +€803 | +21.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.