HB Solutions: 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 Solutions
Largest movements
- Tangible fixed assets +€162,200
up €162,200 (+179.5%), from €90,370 to €252,570
of which Furniture and vehicles: +€115,141
- Cash +€113,475
up €113,475 (+141.6%), from €80,120 to €193,595
mainly Net result for the year (+€259,189) and Tax, wage and social debts (+€110,312)
- Receivables within one year -€42,174
down €42,174 (-8.1%), from €523,222 to €481,048
of which Trade receivables: -€31,499
- Stocks and contracts +€27,134
up €27,134 (+29.2%), from €93,005 to €120,139
- Reserves +€259,189
up €259,189 (+187.5%), from €138,259 to €397,448
- Trade debts -€149,864
down €149,864 (-51.7%), from €289,767 to €139,903
- Tax, wage and social debts +€110,312
up €110,312 (+489.5%), from €22,536 to €132,848
of which Taxes: +€107,519
- Debts after one year +€27,754
up €27,754 (+40.5%), from €68,471 to €96,225
- Current portion of long-term debt +€18,838
up €18,838 (+135.4%), from €13,914 to €32,752
- Gross operating margin +€300,897
up €300,897 (+134.3%), from €223,989 to €524,886
- Taxes +€67,691
up €67,691 (+335.0%), from €20,208 to €87,899
- Staff costs +€17,833
up €17,833 (+40.8%), from €43,669 to €61,501
- Financial charges +€15,843
up €15,843 (+223.9%), from €7,077 to €22,919
- Other operating charges +€14,709
up €14,709 (+209.6%), from €7,019 to €21,728
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.
Cash bridge derived
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 | €800,717 | €1,062,594 | +€261,877 | +32.7% |
| Fixed assets | 21/28 | €100,870 | €263,070 | +€162,200 | +160.8% |
| Tangible fixed assets | 22/27 | €90,370 | €252,570 | +€162,200 | +179.5% |
| Plant, machinery and equipment | 23 | €50,819 | €57,355 | +€6,536 | +12.9% |
| Furniture and vehicles | 24 | €39,551 | €154,692 | +€115,141 | +291.1% |
| Leasing and similar rights | 25 | - | €40,523 | +€40,523 | |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €699,847 | €799,525 | +€99,677 | +14.2% |
| Stocks and contracts in progress | 3 | €93,005 | €120,139 | +€27,134 | +29.2% |
| Stocks | 30/36 | €93,005 | €120,139 | +€27,134 | +29.2% |
| Amounts receivable within one year | 40/41 | €523,222 | €481,048 | -€42,174 | -8.1% |
| Trade receivables | 40 | €510,367 | €478,869 | -€31,499 | -6.2% |
| Other amounts receivable | 41 | €12,855 | €2,179 | -€10,676 | -83.0% |
| Cash at bank and in hand | 54/58 | €80,120 | €193,595 | +€113,475 | +141.6% |
| Deferred charges and accrued income | 490/1 | €3,500 | €4,743 | +€1,243 | +35.5% |
| Total equity and liabilities | 10/49 | €800,717 | €1,062,594 | +€261,877 | +32.7% |
| Equity | 10/15 | €158,259 | €417,448 | +€259,189 | +163.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €138,259 | €397,448 | +€259,189 | +187.5% |
| Distributable reserves | 133 | €138,259 | €397,448 | +€259,189 | +187.5% |
| Amounts payable | 17/49 | €642,458 | €645,147 | +€2,688 | +0.4% |
| Amounts payable after more than one year | 17 | €68,471 | €96,225 | +€27,754 | +40.5% |
| Financial debts | 170/4 | €68,471 | €96,225 | +€27,754 | +40.5% |
| Amounts payable within one year | 42/48 | €573,987 | €548,921 | -€25,066 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €13,914 | €32,752 | +€18,838 | +135.4% |
| Trade debts | 44 | €289,767 | €139,903 | -€149,864 | -51.7% |
| Suppliers | 440/4 | €289,767 | €139,903 | -€149,864 | -51.7% |
| Taxes, remuneration and social security | 45 | €22,536 | €132,848 | +€110,312 | +489.5% |
| Taxes | 450/3 | €20,208 | €127,727 | +€107,519 | +532.1% |
| Remuneration and social security | 454/9 | €2,328 | €5,121 | +€2,793 | +120.0% |
| Other amounts payable | 47/48 | €247,771 | €243,419 | -€4,352 | -1.8% |
| Non-recurring operating income | 76A | - | €34,107 | +€34,107 | |
| Remuneration, social security and pensions | 62 | €43,669 | €61,501 | +€17,833 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,472 | €54,719 | +€6,248 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,090 | €16,104 | -€3,985 | -19.8% |
| Other operating charges | 640/8 | €7,019 | €21,728 | +€14,709 | +209.6% |
| Non-recurring operating charges | 66A | - | €864 | +€864 | |
| Gross operating margin | 9900 | €223,989 | €524,886 | +€300,897 | +134.3% |
| Operating profit (loss) | 9901 | €104,740 | €369,968 | +€265,228 | +253.2% |
| Financial income | 75/76B | €13 | €38 | +€25 | +185.8% |
| Recurring financial income | 75 | €13 | €38 | +€25 | +185.8% |
| Financial charges | 65/66B | €7,077 | €22,919 | +€15,843 | +223.9% |
| Recurring financial charges | 65 | €7,077 | €22,919 | +€15,843 | +223.9% |
| Profit (loss) for the period before taxes | 9903 | €97,677 | €347,087 | +€249,410 | +255.3% |
| Income taxes | 67/77 | €20,208 | €87,899 | +€67,691 | +335.0% |
| Profit (loss) for the period | 9904 | €77,469 | €259,189 | +€181,720 | +234.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,469 | €259,189 | +€181,720 | +234.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.