HBM CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets -€42,649
down €42,649 (-20.2%), from €211,385 to €168,736
of which Land and buildings: -€30,026
- Cash +€34,453
up €34,453 (+135.8%), from €25,366 to €59,819
mainly Depreciation (+€42,649) and Receivables within one year (+€15,046)
- Receivables within one year -€15,046
down €15,046 (-90.7%), from €16,589 to €1,543
of which Other amounts receivable: -€7,682
- Debts after one year -€30,204
down €30,204 (-17.9%), from €168,666 to €138,462
- Trade debts -€7,478
down €7,478 (-92.5%), from €8,087 to €609
- Tax, wage and social debts +€4,507
up €4,507 (+1408.5%), from €320 to €4,827
of which Taxes: +€3,886
- Accrued charges and deferred income +€3,292
up €3,292 (+64.9%), from €5,076 to €8,368
- Gross operating margin -€54,082
down €54,082 (-44.7%), from €120,940 to €66,858
- Depreciation -€25,188
down €25,188 (-37.1%), from €67,837 to €42,649
- Financial charges -€11,355
down €11,355 (-54.6%), from €20,809 to €9,454
- Staff costs +€5,044
up €5,044 (+906.2%), from €557 to €5,600
- Other operating charges -€4,916
down €4,916 (-42.5%), from €11,571 to €6,655
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 | €257,739 | €232,233 | -€25,506 | -9.9% |
| Fixed assets | 21/28 | €212,585 | €169,901 | -€42,684 | -20.1% |
| Tangible fixed assets | 22/27 | €211,385 | €168,736 | -€42,649 | -20.2% |
| Land and buildings | 22 | €163,965 | €133,939 | -€30,026 | -18.3% |
| Furniture and vehicles | 24 | €47,420 | €34,796 | -€12,624 | -26.6% |
| Financial fixed assets | 28 | €1,200 | €1,165 | -€35 | -2.9% |
| Current assets | 29/58 | €45,154 | €62,332 | +€17,178 | +38.0% |
| Amounts receivable within one year | 40/41 | €16,589 | €1,543 | -€15,046 | -90.7% |
| Trade receivables | 40 | €8,907 | €1,543 | -€7,364 | -82.7% |
| Other amounts receivable | 41 | €7,682 | €0 | -€7,682 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,366 | €59,819 | +€34,453 | +135.8% |
| Deferred charges and accrued income | 490/1 | €3,199 | €970 | -€2,228 | -69.7% |
| Total equity and liabilities | 10/49 | €257,739 | €232,233 | -€25,506 | -9.9% |
| Equity | 10/15 | €11,591 | €13,930 | +€2,338 | +20.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,399 | €12,399 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €12,399 | €12,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,807 | -€18,469 | +€2,338 | +11.2% |
| Amounts payable | 17/49 | €246,147 | €218,303 | -€27,844 | -11.3% |
| Amounts payable after more than one year | 17 | €168,666 | €138,462 | -€30,204 | -17.9% |
| Financial debts | 170/4 | €168,666 | €138,462 | -€30,204 | -17.9% |
| Amounts payable within one year | 42/48 | €72,405 | €71,473 | -€933 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €28,841 | €30,204 | +€1,363 | +4.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,087 | €609 | -€7,478 | -92.5% |
| Suppliers | 440/4 | €8,087 | €609 | -€7,478 | -92.5% |
| Taxes, remuneration and social security | 45 | €320 | €4,827 | +€4,507 | +1408.5% |
| Taxes | 450/3 | €0 | €3,886 | +€3,886 | |
| Remuneration and social security | 454/9 | €320 | €941 | +€621 | +194.1% |
| Other amounts payable | 47/48 | €35,158 | €35,833 | +€675 | +1.9% |
| Accrued charges and deferred income | 492/3 | €5,076 | €8,368 | +€3,292 | +64.9% |
| Remuneration, social security and pensions | 62 | €557 | €5,600 | +€5,044 | +906.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,837 | €42,649 | -€25,188 | -37.1% |
| Other operating charges | 640/8 | €11,571 | €6,655 | -€4,916 | -42.5% |
| Gross operating margin | 9900 | €120,940 | €66,858 | -€54,082 | -44.7% |
| Operating profit (loss) | 9901 | €40,976 | €11,954 | -€29,022 | -70.8% |
| Financial income | 75/76B | €365 | €4 | -€361 | -99.0% |
| Recurring financial income | 75 | €365 | €4 | -€361 | -99.0% |
| Financial charges | 65/66B | €20,809 | €9,454 | -€11,355 | -54.6% |
| Recurring financial charges | 65 | €20,809 | €9,454 | -€11,355 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €20,532 | €2,504 | -€18,028 | -87.8% |
| Income taxes | 67/77 | €324 | €165 | -€159 | -48.9% |
| Profit (loss) for the period | 9904 | €20,208 | €2,338 | -€17,870 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,208 | €2,338 | -€17,870 | -88.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.