HBAC: 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.
HBAC
Largest movements
- Receivables within one year +€3,685
up €3,685 (+10.3%), from €35,688 to €39,372
of which Other amounts receivable: +€36,508
- Cash +€2,841
up €2,841 (+125.8%), from €2,259 to €5,099
mainly Trade debts (+€7,002) and Net result for the year (+€6,194)
- Trade debts +€7,002
up €7,002, from €0 to €7,002
- Profit (loss) carried forward +€6,194
up €6,194 (+30.2%), from €20,486 to €26,680
- Other debts -€4,571
down €4,571 (-100.0%), from €4,571 to €0
- Tax, wage and social debts -€2,100
down €2,100 (-21.2%), from €9,889 to €7,790
of which Taxes: -€1,889
- Gross operating margin +€6,617
up €6,617 (+157.6%), from €4,198 to €10,815
- Taxes +€1,665
up €1,665 (+208.2%), from €800 to €2,465
- Other operating charges +€634
up €634 (+633.6%), from €100 to €734
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 | €37,946 | €44,472 | +€6,526 | +17.2% |
| Current assets | 29/58 | €37,946 | €44,472 | +€6,526 | +17.2% |
| Amounts receivable within one year | 40/41 | €35,688 | €39,372 | +€3,685 | +10.3% |
| Trade receivables | 40 | €33,635 | €812 | -€32,823 | -97.6% |
| Other amounts receivable | 41 | €2,052 | €38,560 | +€36,508 | +1778.8% |
| Cash at bank and in hand | 54/58 | €2,259 | €5,099 | +€2,841 | +125.8% |
| Total equity and liabilities | 10/49 | €37,946 | €44,472 | +€6,526 | +17.2% |
| Equity | 10/15 | €23,486 | €29,680 | +€6,194 | +26.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,486 | €26,680 | +€6,194 | +30.2% |
| Amounts payable | 17/49 | €14,460 | €14,792 | +€332 | +2.3% |
| Amounts payable within one year | 42/48 | €14,460 | €14,792 | +€332 | +2.3% |
| Trade debts | 44 | €0 | €7,002 | +€7,002 | |
| Suppliers | 440/4 | €0 | €7,002 | +€7,002 | |
| Taxes, remuneration and social security | 45 | €9,889 | €7,790 | -€2,100 | -21.2% |
| Taxes | 450/3 | €5,153 | €3,264 | -€1,889 | -36.7% |
| Remuneration and social security | 454/9 | €4,736 | €4,525 | -€211 | -4.4% |
| Other amounts payable | 47/48 | €4,571 | €0 | -€4,571 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €98 | €0 | -€98 | -100.0% |
| Other operating charges | 640/8 | €100 | €734 | +€634 | +633.6% |
| Non-recurring operating charges | 66A | - | €1,237 | +€1,237 | |
| Gross operating margin | 9900 | €4,198 | €10,815 | +€6,617 | +157.6% |
| Operating profit (loss) | 9901 | €4,000 | €8,845 | +€4,845 | +121.1% |
| Financial income | 75/76B | €0 | €18 | +€18 | +88650.0% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +88650.0% |
| Financial charges | 65/66B | €129 | €205 | +€76 | +59.3% |
| Recurring financial charges | 65 | €129 | €205 | +€76 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €3,872 | €8,658 | +€4,787 | +123.6% |
| Income taxes | 67/77 | €800 | €2,465 | +€1,665 | +208.2% |
| Profit (loss) for the period | 9904 | €3,072 | €6,194 | +€3,122 | +101.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,072 | €6,194 | +€3,122 | +101.6% |
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 7 October 2026 via checked.be.