HBB MANAGEMENT: what changed
Two financial 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 MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,531
2024 · -€17,398+€40,929
Equity
€234,709
2024 · €211,178+€23,531
Cash
€9,787
2024 · €15,679-€5,891
Balance sheet total
€767,137
2024 · €792,031-€24,894
Largest movements
Assets
- Receivables within one year -€16,573
down €16,573 (-43.4%), from €38,173 to €21,599
of which Trade receivables: -€18,415
Equity and liabilities
- Debts after one year -€59,554
down €59,554 (-12.1%), from €493,669 to €434,116
of which Financial debts: -€45,635
- Profit (loss) carried forward +€23,531
up €23,531 (+76.6%), from €30,718 to €54,249
Income statement
- Gross operating margin +€28,168
up €28,168 (+16.4%), from €171,579 to €199,747
- Staff costs -€12,879
down €12,879 (-10.3%), from €124,738 to €111,859
- Taxes +€5,158
new in 2025: €5,158
- Financial charges -€3,517
down €3,517 (-24.6%), from €14,285 to €10,768
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
-€17,398
Gross operating margin
+€28,168
Staff costs
+€12,879
Depreciation
+€1,978
Other operating charges
-€599
Financial income
+€145
Financial charges
+€3,517
Taxes
-€5,158
Result 2025
€23,531
raises the resultlowers the result
Derived cash bridge
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
+€84,660
Investment
-€32,450
Financing
-€58,101
Cash 2024
€15,679
From operations (derived)
+€84,660
Net result for the year
+€23,531
Depreciation
+€34,098
Receivables within one year
+€16,573
Deferred charges and accrued income
+€781
Trade debts
+€6,950
Tax, wage and social debts
+€2,144
Other debts
-€1,301
Accrued charges and deferred income
+€1,881
Investment (derived)
-€32,450
Investment in fixed assets (net)
-€32,450
Financing
-€58,101
Debts after one year
-€59,554
Current portion of long-term debt
+€1,453
Cash 2025
€9,787
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €792,031 | €767,137 | -€24,894 | -3.1% |
| Fixed assets | 21/28 | €735,017 | €733,369 | -€1,648 | -0.2% |
| Tangible fixed assets | 22/27 | €735,017 | €733,369 | -€1,648 | -0.2% |
| Land and buildings | 22 | €693,363 | €667,863 | -€25,500 | -3.7% |
| Plant, machinery and equipment | 23 | €41,655 | €65,507 | +€23,852 | +57.3% |
| Current assets | 29/58 | €57,013 | €33,768 | -€23,246 | -40.8% |
| Amounts receivable within one year | 40/41 | €38,173 | €21,599 | -€16,573 | -43.4% |
| Trade receivables | 40 | €38,173 | €19,757 | -€18,415 | -48.2% |
| Other amounts receivable | 41 | - | €1,842 | +€1,842 | |
| Cash at bank and in hand | 54/58 | €15,679 | €9,787 | -€5,891 | -37.6% |
| Deferred charges and accrued income | 490/1 | €3,162 | €2,381 | -€781 | -24.7% |
| Total equity and liabilities | 10/49 | €792,031 | €767,137 | -€24,894 | -3.1% |
| Equity | 10/15 | €211,178 | €234,709 | +€23,531 | +11.1% |
| Contributions | 10/11 | €178,600 | €178,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €30,718 | €54,249 | +€23,531 | +76.6% |
| Amounts payable | 17/49 | €580,853 | €532,427 | -€48,426 | -8.3% |
| Amounts payable after more than one year | 17 | €493,669 | €434,116 | -€59,554 | -12.1% |
| Financial debts | 170/4 | €322,509 | €276,874 | -€45,635 | -14.2% |
| Other amounts payable | 178/9 | €171,161 | €157,242 | -€13,918 | -8.1% |
| Amounts payable within one year | 42/48 | €81,306 | €90,553 | +€9,247 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €47,924 | €49,377 | +€1,453 | +3.0% |
| Trade debts | 44 | - | €6,950 | +€6,950 | |
| Suppliers | 440/4 | - | €6,950 | +€6,950 | |
| Taxes, remuneration and social security | 45 | €26,881 | €29,025 | +€2,144 | +8.0% |
| Taxes | 450/3 | €7,630 | €11,618 | +€3,988 | +52.3% |
| Remuneration and social security | 454/9 | €19,251 | €17,407 | -€1,844 | -9.6% |
| Other amounts payable | 47/48 | €6,501 | €5,200 | -€1,301 | -20.0% |
| Accrued charges and deferred income | 492/3 | €5,878 | €7,759 | +€1,881 | +32.0% |
| Remuneration, social security and pensions | 62 | €124,738 | €111,859 | -€12,879 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,076 | €34,098 | -€1,978 | -5.5% |
| Other operating charges | 640/8 | €13,878 | €14,478 | +€599 | +4.3% |
| Gross operating margin | 9900 | €171,579 | €199,747 | +€28,168 | +16.4% |
| Operating profit (loss) | 9901 | -€3,113 | €39,312 | +€42,425 | |
| Financial income | 75/76B | €0 | €145 | +€145 | +363,250% |
| Recurring financial income | 75 | €0 | €145 | +€145 | +363,250% |
| Financial charges | 65/66B | €14,285 | €10,768 | -€3,517 | -24.6% |
| Recurring financial charges | 65 | €14,285 | €10,768 | -€3,517 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,398 | €28,689 | +€46,087 | |
| Income taxes | 67/77 | - | €5,158 | +€5,158 | |
| Profit (loss) for the period | 9904 | -€17,398 | €23,531 | +€40,929 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,398 | €23,531 | +€40,929 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.