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
- Receivables within one year -€27,353
down €27,353 (-35.0%), from €78,115 to €50,763
of which Trade receivables: -€28,796
- Cash -€8,778
down €8,778 (-13.2%), from €66,408 to €57,630
mainly Advances received (-€28,576) and Trade debts (-€14,908)
- Tangible fixed assets -€7,499
down €7,499 (-18.4%), from €40,738 to €33,239
of which Furniture and vehicles: -€6,322
- Stocks and contracts -€5,822
no longer reported in 2024 (was €5,822)
- Advances received -€28,576
no longer reported in 2024 (was €28,576)
- Trade debts -€14,908
down €14,908 (-73.7%), from €20,225 to €5,317
- Reserves +€7,815
up €7,815 (+7.5%), from €104,856 to €112,671
of which Distributable reserves: +€7,815
- Tax, wage and social debts -€6,425
down €6,425 (-53.1%), from €12,102 to €5,676
of which Taxes: -€6,442
- Debts after one year -€5,996
no longer reported in 2024 (was €5,996)
- Write-downs +€6,560
new in 2024: €6,560
- Depreciation -€3,732
down €3,732 (-29.7%), from €12,581 to €8,849
- Taxes -€916
down €916 (-18.0%), from €5,093 to €4,176
- Financial charges -€886
down €886 (-86.5%), from €1,024 to €139
- Financial income -€357
down €357 (-97.6%), from €366 to €9
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,273 | €142,264 | -€50,009 | -26.0% |
| Fixed assets | 21/28 | €40,738 | €33,239 | -€7,499 | -18.4% |
| Tangible fixed assets | 22/27 | €40,738 | €33,239 | -€7,499 | -18.4% |
| Land and buildings | 22 | €12,940 | €11,764 | -€1,176 | -9.1% |
| Furniture and vehicles | 24 | €27,798 | €21,476 | -€6,322 | -22.7% |
| Current assets | 29/58 | €151,535 | €109,025 | -€42,510 | -28.1% |
| Stocks and contracts in progress | 3 | €5,822 | - | -€5,822 | |
| Stocks | 30/36 | €5,822 | - | -€5,822 | |
| Amounts receivable within one year | 40/41 | €78,115 | €50,763 | -€27,353 | -35.0% |
| Trade receivables | 40 | €63,576 | €34,781 | -€28,796 | -45.3% |
| Other amounts receivable | 41 | €14,539 | €15,982 | +€1,443 | +9.9% |
| Cash at bank and in hand | 54/58 | €66,408 | €57,630 | -€8,778 | -13.2% |
| Deferred charges and accrued income | 490/1 | €1,190 | €632 | -€558 | -46.9% |
| Total equity and liabilities | 10/49 | €192,273 | €142,264 | -€50,009 | -26.0% |
| Equity | 10/15 | €123,456 | €131,271 | +€7,815 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,856 | €112,671 | +€7,815 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €102,996 | €110,811 | +€7,815 | +7.6% |
| Amounts payable | 17/49 | €68,817 | €10,993 | -€57,824 | -84.0% |
| Amounts payable after more than one year | 17 | €5,996 | - | -€5,996 | |
| Financial debts | 170/4 | €5,996 | - | -€5,996 | |
| Amounts payable within one year | 42/48 | €62,822 | €10,993 | -€51,828 | -82.5% |
| Current portion of amounts payable after more than one year | 42 | €1,919 | - | -€1,919 | |
| Trade debts | 44 | €20,225 | €5,317 | -€14,908 | -73.7% |
| Suppliers | 440/4 | €20,225 | €5,317 | -€14,908 | -73.7% |
| Advances received on contracts in progress | 46 | €28,576 | - | -€28,576 | |
| Taxes, remuneration and social security | 45 | €12,102 | €5,676 | -€6,425 | -53.1% |
| Taxes | 450/3 | €12,102 | €5,659 | -€6,442 | -53.2% |
| Remuneration and social security | 454/9 | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,581 | €8,849 | -€3,732 | -29.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,560 | +€6,560 | |
| Other operating charges | 640/8 | €1,827 | €1,584 | -€243 | -13.3% |
| Gross operating margin | 9900 | €29,061 | €29,115 | +€53 | +0.2% |
| Operating profit (loss) | 9901 | €14,651 | €12,121 | -€2,530 | -17.3% |
| Financial income | 75/76B | €366 | €9 | -€357 | -97.6% |
| Recurring financial income | 75 | €366 | €9 | -€357 | -97.6% |
| Financial charges | 65/66B | €1,024 | €139 | -€886 | -86.5% |
| Recurring financial charges | 65 | €1,024 | €139 | -€886 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €13,993 | €11,991 | -€2,001 | -14.3% |
| Income taxes | 67/77 | €5,093 | €4,176 | -€916 | -18.0% |
| Profit (loss) for the period | 9904 | €8,900 | €7,815 | -€1,085 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,900 | €7,815 | -€1,085 | -12.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.