HBM: 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.
HBM
Largest movements
- Cash +€16
up €16 (+869.6%), from €2 to €18
mainly Trade debts (+€308) and Other debts (+€40)
- Profit (loss) carried forward -€332
down €332 (-0.2%), from -€150,822 to -€151,154
- Trade debts +€308
up €308 (+125.4%), from €245 to €553
- Other debts +€40
up €40 (+0.1%), from €50,578 to €50,618
- Gross operating margin -€62
down €62 (-23.2%), from -€269 to -€332
- Purchases and services +€62
up €62 (+23.2%), from €269 to €332
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 | €2 | €18 | +€16 | +869.6% |
| Current assets | 29/58 | €2 | €18 | +€16 | +869.6% |
| Cash at bank and in hand | 54/58 | €2 | €18 | +€16 | +869.6% |
| Total equity and liabilities | 10/49 | €2 | €18 | +€16 | +869.6% |
| Equity | 10/15 | -€50,822 | -€51,154 | -€332 | -0.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,822 | -€151,154 | -€332 | -0.2% |
| Amounts payable | 17/49 | €50,824 | €51,171 | +€348 | +0.7% |
| Amounts payable within one year | 42/48 | €50,824 | €51,171 | +€348 | +0.7% |
| Trade debts | 44 | €245 | €553 | +€308 | +125.4% |
| Suppliers | 440/4 | €245 | €553 | +€308 | +125.4% |
| Other amounts payable | 47/48 | €50,578 | €50,618 | +€40 | +0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €269 | €332 | +€62 | +23.2% |
| Gross operating margin | 9900 | -€269 | -€332 | -€62 | -23.2% |
| Operating profit (loss) | 9901 | -€269 | -€332 | -€62 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€269 | -€332 | -€62 | -23.2% |
| Profit (loss) for the period | 9904 | -€269 | -€332 | -€62 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€269 | -€332 | -€62 | -23.2% |
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.