HBMS: 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.
HBMS
Largest movements
- Tangible fixed assets +€315,206
up €315,206 (+9292.6%), from €3,392 to €318,598
of which Land and buildings: +€315,742
- Cash -€13,569
down €13,569 (-22.1%), from €61,316 to €47,747
mainly Investment in fixed assets (net) (-€319,687)
- Debts after one year +€237,691
new in 2025: €237,691
- Profit (loss) carried forward +€40,822
up €40,822 (+60.2%), from €67,778 to €108,600
- Current portion of long-term debt +€8,755
new in 2025: €8,755
- Other debts +€8,279
up €8,279 (+1354.9%), from €611 to €8,890
- Other operating charges +€38,863
new in 2025: €38,863
- Gross operating margin +€13,698
up €13,698 (+15.4%), from €88,779 to €102,477
- Financial charges +€6,486
up €6,486 (+836.2%), from €776 to €7,262
- Taxes -€6,133
down €6,133 (-35.1%), from €17,467 to €11,333
- Depreciation +€1,723
up €1,723 (+62.4%), from €2,759 to €4,481
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 | €92,620 | €390,485 | +€297,865 | +321.6% |
| Fixed assets | 21/28 | €3,392 | €318,598 | +€315,206 | +9292.6% |
| Tangible fixed assets | 22/27 | €3,392 | €318,598 | +€315,206 | +9292.6% |
| Land and buildings | 22 | - | €315,742 | +€315,742 | |
| Plant, machinery and equipment | 23 | €2,061 | €2,092 | +€31 | +1.5% |
| Furniture and vehicles | 24 | €1,331 | €764 | -€567 | -42.6% |
| Current assets | 29/58 | €89,228 | €71,887 | -€17,341 | -19.4% |
| Amounts receivable within one year | 40/41 | €27,804 | €24,140 | -€3,664 | -13.2% |
| Trade receivables | 40 | €27,804 | €24,140 | -€3,664 | -13.2% |
| Cash at bank and in hand | 54/58 | €61,316 | €47,747 | -€13,569 | -22.1% |
| Deferred charges and accrued income | 490/1 | €108 | - | -€108 | |
| Total equity and liabilities | 10/49 | €92,620 | €390,485 | +€297,865 | +321.6% |
| Equity | 10/15 | €70,778 | €111,600 | +€40,822 | +57.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,778 | €108,600 | +€40,822 | +60.2% |
| Amounts payable | 17/49 | €21,842 | €278,885 | +€257,042 | +1176.8% |
| Amounts payable after more than one year | 17 | - | €237,691 | +€237,691 | |
| Financial debts | 170/4 | - | €237,691 | +€237,691 | |
| Amounts payable within one year | 42/48 | €21,842 | €39,660 | +€17,817 | +81.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,755 | +€8,755 | |
| Trade debts | 44 | €140 | €123 | -€17 | -12.2% |
| Suppliers | 440/4 | €140 | €123 | -€17 | -12.2% |
| Taxes, remuneration and social security | 45 | €21,092 | €21,892 | +€801 | +3.8% |
| Taxes | 450/3 | €21,092 | €21,892 | +€801 | +3.8% |
| Other amounts payable | 47/48 | €611 | €8,890 | +€8,279 | +1354.9% |
| Accrued charges and deferred income | 492/3 | - | €1,533 | +€1,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,759 | €4,481 | +€1,723 | +62.4% |
| Other operating charges | 640/8 | - | €38,863 | +€38,863 | |
| Gross operating margin | 9900 | €88,779 | €102,477 | +€13,698 | +15.4% |
| Operating profit (loss) | 9901 | €86,020 | €59,133 | -€26,887 | -31.3% |
| Financial income | 75/76B | - | €284 | +€284 | |
| Recurring financial income | 75 | - | €284 | +€284 | |
| Financial charges | 65/66B | €776 | €7,262 | +€6,486 | +836.2% |
| Recurring financial charges | 65 | €776 | €7,262 | +€6,486 | +836.2% |
| Profit (loss) for the period before taxes | 9903 | €85,244 | €52,156 | -€33,089 | -38.8% |
| Income taxes | 67/77 | €17,467 | €11,333 | -€6,133 | -35.1% |
| Profit (loss) for the period | 9904 | €67,778 | €40,822 | -€26,955 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,778 | €40,822 | -€26,955 | -39.8% |
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 7 October 2026 via checked.be.