HB TRUST: 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 TRUST
Largest movements
- Receivables within one year +€86,933
up €86,933 (+16.2%), from €535,819 to €622,752
of which Other amounts receivable: +€125,301
- Cash -€60,289
down €60,289 (-98.4%), from €61,248 to €959
mainly Receivables within one year (-€86,933) and Net result for the year (-€61,713)
- Tangible fixed assets +€40,258
up €40,258 (+1410.6%), from €2,854 to €43,112
- Trade debts +€112,877
up €112,877 (+350.0%), from €32,254 to €145,131
- Profit (loss) carried forward -€61,713
down €61,713 (-14.1%), from €437,833 to €376,120
- Debts after one year +€60,000
new in 2023: €60,000
- Tax, wage and social debts -€41,759
down €41,759 (-37.8%), from €110,341 to €68,582
- Gross operating margin -€277,244
down €277,244, from €274,251 to -€2,994
- Staff costs +€22,825
up €22,825 (+124.0%), from €18,402 to €41,227
- Depreciation +€10,782
up €10,782 (+688.5%), from €1,566 to €12,348
- Taxes -€8,095
down €8,095 (-94.6%), from €8,559 to €464
- Other operating charges -€3,348
down €3,348 (-45.7%), from €7,327 to €3,980
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,921 | €666,824 | +€66,902 | +11.2% |
| Fixed assets | 21/28 | €2,854 | €43,112 | +€40,258 | +1410.6% |
| Tangible fixed assets | 22/27 | €2,854 | €43,112 | +€40,258 | +1410.6% |
| Furniture and vehicles | 24 | €2,854 | €43,112 | +€40,258 | +1410.6% |
| Current assets | 29/58 | €597,067 | €623,711 | +€26,644 | +4.5% |
| Amounts receivable within one year | 40/41 | €535,819 | €622,752 | +€86,933 | +16.2% |
| Trade receivables | 40 | €39,191 | €823 | -€38,367 | -97.9% |
| Other amounts receivable | 41 | €496,628 | €621,929 | +€125,301 | +25.2% |
| Cash at bank and in hand | 54/58 | €61,248 | €959 | -€60,289 | -98.4% |
| Total equity and liabilities | 10/49 | €599,921 | €666,824 | +€66,902 | +11.2% |
| Equity | 10/15 | €454,333 | €392,620 | -€61,713 | -13.6% |
| Contributions | 10/11 | €16,500 | €16,500 | = | 0.0% |
| Capital | 10 | €16,500 | €16,500 | = | 0.0% |
| Issued capital | 100 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €437,833 | €376,120 | -€61,713 | -14.1% |
| Amounts payable | 17/49 | €145,588 | €274,203 | +€128,615 | +88.3% |
| Amounts payable after more than one year | 17 | - | €60,000 | +€60,000 | |
| Financial debts | 170/4 | - | €60,000 | +€60,000 | |
| Amounts payable within one year | 42/48 | €145,588 | €214,203 | +€68,615 | +47.1% |
| Current portion of amounts payable after more than one year | 42 | €2,993 | €490 | -€2,503 | -83.6% |
| Trade debts | 44 | €32,254 | €145,131 | +€112,877 | +350.0% |
| Suppliers | 440/4 | €32,254 | €145,131 | +€112,877 | +350.0% |
| Taxes, remuneration and social security | 45 | €110,341 | €68,582 | -€41,759 | -37.8% |
| Taxes | 450/3 | €110,341 | €68,582 | -€41,759 | -37.8% |
| Remuneration, social security and pensions | 62 | €18,402 | €41,227 | +€22,825 | +124.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,566 | €12,348 | +€10,782 | +688.5% |
| Other operating charges | 640/8 | €7,327 | €3,980 | -€3,348 | -45.7% |
| Gross operating margin | 9900 | €274,251 | -€2,994 | -€277,244 | |
| Operating profit (loss) | 9901 | €246,955 | -€60,549 | -€307,504 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,214 | €700 | -€513 | -42.3% |
| Recurring financial charges | 65 | €1,214 | €700 | -€513 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €245,741 | -€61,249 | -€306,990 | |
| Income taxes | 67/77 | €8,559 | €464 | -€8,095 | -94.6% |
| Profit (loss) for the period | 9904 | €237,182 | -€61,713 | -€298,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €237,182 | -€61,713 | -€298,895 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.