HBNC: 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.
HBNC
Largest movements
- Tangible fixed assets +€42,746
up €42,746 (+63.3%), from €67,577 to €110,324
of which Plant, machinery and equipment: +€43,656
- Receivables within one year -€22,732
down €22,732 (-13.9%), from €163,343 to €140,611
of which Trade receivables: -€17,915
- Cash -€18,216
down €18,216 (-75.5%), from €24,127 to €5,911
mainly Investment in fixed assets (net) (-€60,882) and Trade debts (-€18,424)
- Other debts +€32,440
new in 2025: €32,440
- Trade debts -€18,424
down €18,424 (-12.5%), from €147,013 to €128,590
- Tax, wage and social debts -€8,366
down €8,366 (-29.8%), from €28,101 to €19,736
of which Taxes: -€11,478
- Profit (loss) carried forward -€3,384
down €3,384 (-5.5%), from €61,353 to €57,969
- Gross operating margin +€11,004
up €11,004 (+19.3%), from €56,954 to €67,958
- Depreciation +€5,001
up €5,001 (+38.1%), from €13,135 to €18,136
- Write-downs +€2,950
no longer reported in 2025 (was -€2,950)
- Other operating charges -€2,950
no longer reported in 2025 (was €2,950)
- Staff costs -€2,865
down €2,865 (-5.7%), from €49,927 to €47,062
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,068 | €258,334 | +€2,266 | +0.9% |
| Fixed assets | 21/28 | €67,977 | €110,724 | +€42,746 | +62.9% |
| Tangible fixed assets | 22/27 | €67,577 | €110,324 | +€42,746 | +63.3% |
| Plant, machinery and equipment | 23 | €57,419 | €101,075 | +€43,656 | +76.0% |
| Furniture and vehicles | 24 | €3,233 | €2,567 | -€666 | -20.6% |
| Other tangible fixed assets | 26 | €6,925 | €6,681 | -€244 | -3.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €188,090 | €147,610 | -€40,480 | -21.5% |
| Amounts receivable within one year | 40/41 | €163,343 | €140,611 | -€22,732 | -13.9% |
| Trade receivables | 40 | €157,123 | €139,208 | -€17,915 | -11.4% |
| Other amounts receivable | 41 | €6,219 | €1,402 | -€4,817 | -77.4% |
| Cash at bank and in hand | 54/58 | €24,127 | €5,911 | -€18,216 | -75.5% |
| Deferred charges and accrued income | 490/1 | €621 | €1,089 | +€468 | +75.4% |
| Total equity and liabilities | 10/49 | €256,068 | €258,334 | +€2,266 | +0.9% |
| Equity | 10/15 | €79,953 | €76,569 | -€3,384 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,353 | €57,969 | -€3,384 | -5.5% |
| Amounts payable | 17/49 | €176,115 | €181,765 | +€5,650 | +3.2% |
| Amounts payable within one year | 42/48 | €176,115 | €181,765 | +€5,650 | +3.2% |
| Trade debts | 44 | €147,013 | €128,590 | -€18,424 | -12.5% |
| Suppliers | 440/4 | €147,013 | €128,590 | -€18,424 | -12.5% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,101 | €19,736 | -€8,366 | -29.8% |
| Taxes | 450/3 | €22,840 | €11,362 | -€11,478 | -50.3% |
| Remuneration and social security | 454/9 | €5,262 | €8,374 | +€3,113 | +59.2% |
| Other amounts payable | 47/48 | - | €32,440 | +€32,440 | |
| Non-recurring operating income | 76A | €11 | - | -€11 | |
| Remuneration, social security and pensions | 62 | €49,927 | €47,062 | -€2,865 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,135 | €18,136 | +€5,001 | +38.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,950 | - | +€2,950 | |
| Other operating charges | 640/8 | €2,950 | - | -€2,950 | |
| Non-recurring operating charges | 66A | €2,057 | €5,469 | +€3,412 | +166% |
| Gross operating margin | 9900 | €56,954 | €67,958 | +€11,004 | +19.3% |
| Operating profit (loss) | 9901 | -€8,166 | -€2,710 | +€5,456 | +66.8% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €434 | €681 | +€247 | +56.9% |
| Recurring financial charges | 65 | €434 | €681 | +€247 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,600 | -€3,384 | +€5,216 | +60.6% |
| Income taxes | 67/77 | €146 | - | -€146 | |
| Profit (loss) for the period | 9904 | -€8,746 | -€3,384 | +€5,362 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,746 | -€3,384 | +€5,362 | +61.3% |
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 15 October 2026 via checked.be.