HBB: 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.
What changed
HBB
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€64,648
2024 · €4.0m-€4.0m
Equity
€79.0m
2024 · €79.0m-€64,648
Cash
€711,095
2024 · €755,308-€44,212
Balance sheet total
€80.3m
2024 · €79.7m+€557,897
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Services and other goods +€3.0m
up €3.0m (+12.8%), from €23.5m to €26.5m
- Financial income -€942,975
down €942,975 (-2.2%), from €42.2m to €41.3m
of which Financial income: -€942,976
- Taxes +€929,028
up €929,028 (+8.3%), from €11.2m to €12.1m
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.
Result 2024
€4.0m
Other operating charges
+€685,829
Other operating items
-€3.0m
Financial income
-€942,975
Financial charges
+€117,492
Taxes
-€929,028
Result 2025
-€64,648
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.
From operations
+€645,442
Investment
-€689,654
Financing
€0
Cash 2024
€755,308
From operations (derived)
+€645,442
Net result for the year
-€64,648
Receivables within one year
+€80,165
Deferred charges and accrued income
+€7,379
Debts within one year
+€622,546
Investment (derived)
-€689,654
Investment in fixed assets (net)
+€52,826
Current investments
-€742,480
Cash 2025
€711,095
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,745,497 | €80,303,394 | +€557,897 | +0.7% |
| Fixed assets | 21/28 | €317,670 | €264,844 | -€52,826 | -16.6% |
| Financial fixed assets | 28 | €317,670 | €264,844 | -€52,826 | -16.6% |
| Affiliated companies | 280/1 | €123,897 | €123,897 | = | 0.0% |
| Participating interests | 280 | €123,897 | €123,897 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €181,773 | €128,947 | -€52,826 | -29.1% |
| Participating interests | 282 | €181,773 | €128,947 | -€52,826 | -29.1% |
| Other financial fixed assets | 284/8 | €12,000 | €12,000 | = | 0.0% |
| Shares | 284 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €79,427,827 | €80,038,550 | +€610,723 | +0.8% |
| Amounts receivable within one year | 40/41 | €950,000 | €869,835 | -€80,165 | -8.4% |
| Other amounts receivable | 41 | €950,000 | €869,835 | -€80,165 | -8.4% |
| Current investments | 50/53 | €77,599,519 | €78,341,999 | +€742,480 | +1.0% |
| Cash at bank and in hand | 54/58 | €755,308 | €711,095 | -€44,212 | -5.9% |
| Deferred charges and accrued income | 490/1 | €123,000 | €115,621 | -€7,379 | -6.0% |
| Total equity and liabilities | 10/49 | €79,745,497 | €80,303,394 | +€557,897 | +0.7% |
| Equity | 10/15 | €79,038,988 | €78,974,340 | -€64,648 | -0.1% |
| Contributions | 10/11 | €73,982,698 | €73,982,698 | = | 0.0% |
| Capital | 10 | €73,982,698 | €73,982,698 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,056,290 | €4,991,642 | -€64,648 | -1.3% |
| Amounts payable | 17/49 | €706,509 | €1,329,054 | +€622,546 | +88.1% |
| Amounts payable within one year | 42/48 | €706,509 | €1,329,054 | +€622,546 | +88.1% |
| Trade debts | 44 | €598,809 | €1,275,109 | +€676,300 | +112.9% |
| Suppliers | 440/4 | €598,809 | €1,275,109 | +€676,300 | +112.9% |
| Taxes, remuneration and social security | 45 | - | €5,922 | +€5,922 | |
| Taxes | 450/3 | - | €5,922 | +€5,922 | |
| Operating income | 70/76A | €1,256,424 | €1,320,123 | +€63,699 | +5.1% |
| Other operating income | 74 | €1,256,424 | €1,320,123 | +€63,699 | +5.1% |
| Operating charges | 60/66A | €27,869,009 | €30,199,114 | +€2.3m | +8.4% |
| Services and other goods | 61 | €23,494,108 | €26,510,041 | +€3.0m | +12.8% |
| Other operating charges | 640/8 | €4,374,902 | €3,689,073 | -€685,829 | -15.7% |
| Operating profit (loss) | 9901 | -€26,612,585 | -€28,878,991 | -€2.3m | -8.5% |
| Financial income | 75/76B | €42,239,732 | €41,296,757 | -€942,975 | -2.2% |
| Recurring financial income | 75 | €42,239,732 | €41,296,755 | -€942,976 | -2.2% |
| Income from financial fixed assets | 750 | €37,247,241 | €40,344,000 | +€3.1m | +8.3% |
| Income from current assets | 751 | €47,325 | - | -€47,325 | |
| Other financial income | 752/9 | €4,945,166 | €952,755 | -€4.0m | -80.7% |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €496,706 | €379,214 | -€117,492 | -23.7% |
| Recurring financial charges | 65 | €496,706 | €379,214 | -€117,492 | -23.7% |
| Other financial charges | 652/9 | €496,706 | €379,214 | -€117,492 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €15,130,440 | €12,038,552 | -€3.1m | -20.4% |
| Income taxes | 67/77 | €11,174,172 | €12,103,200 | +€929,028 | +8.3% |
| Taxes | 670/3 | €11,174,172 | €12,103,200 | +€929,028 | +8.3% |
| Profit (loss) for the period | 9904 | €3,956,268 | -€64,648 | -€4.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,956,268 | -€64,648 | -€4.0m |
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 4 October 2026 via checked.be.