HBO Solutions: 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.
HBO Solutions
Largest movements
- Tangible fixed assets +€11,246
up €11,246 (+268.8%), from €4,183 to €15,429
of which Furniture and vehicles: +€9,358
- Cash +€3,856
up €3,856 (+470.0%), from €820 to €4,677
mainly Net result for the year (+€13,630) and Tax, wage and social debts (+€3,015)
- Deferred charges and accrued income -€1,676
down €1,676 (-38.3%), from €4,374 to €2,698
- Receivables within one year -€1,313
down €1,313 (-11.1%), from €11,842 to €10,529
of which Trade receivables: -€1,394
- Reserves +€13,630
up €13,630 (+260.8%), from €5,227 to €18,857
- Other debts -€4,247
down €4,247 (-71.4%), from €5,945 to €1,698
- Tax, wage and social debts +€3,015
up €3,015 (+47.8%), from €6,303 to €9,318
of which Taxes: +€4,515
- Gross operating margin +€12,970
up €12,970 (+147.9%), from €8,767 to €21,736
- Depreciation +€2,145
up €2,145 (+781.0%), from €275 to €2,420
- Taxes +€1,996
up €1,996 (+131.7%), from €1,515 to €3,511
- Financial charges -€479
down €479 (-45.3%), from €1,058 to €578
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 | €21,219 | €33,333 | +€12,113 | +57.1% |
| Fixed assets | 21/28 | €4,183 | €15,429 | +€11,246 | +268.8% |
| Tangible fixed assets | 22/27 | €4,183 | €15,429 | +€11,246 | +268.8% |
| Plant, machinery and equipment | 23 | €1,470 | €3,358 | +€1,888 | +128.4% |
| Furniture and vehicles | 24 | €2,713 | €12,071 | +€9,358 | +344.9% |
| Current assets | 29/58 | €17,036 | €17,903 | +€867 | +5.1% |
| Amounts receivable within one year | 40/41 | €11,842 | €10,529 | -€1,313 | -11.1% |
| Trade receivables | 40 | €11,750 | €10,355 | -€1,394 | -11.9% |
| Other amounts receivable | 41 | €92 | €174 | +€81 | +88.0% |
| Cash at bank and in hand | 54/58 | €820 | €4,677 | +€3,856 | +470.0% |
| Deferred charges and accrued income | 490/1 | €4,374 | €2,698 | -€1,676 | -38.3% |
| Total equity and liabilities | 10/49 | €21,219 | €33,333 | +€12,113 | +57.1% |
| Equity | 10/15 | €7,227 | €20,857 | +€13,630 | +188.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,227 | €18,857 | +€13,630 | +260.8% |
| Distributable reserves | 133 | €5,227 | €18,857 | +€13,630 | +260.8% |
| Amounts payable | 17/49 | €13,993 | €12,476 | -€1,517 | -10.8% |
| Amounts payable within one year | 42/48 | €13,993 | €12,476 | -€1,517 | -10.8% |
| Trade debts | 44 | €1,745 | €1,459 | -€285 | -16.4% |
| Suppliers | 440/4 | €1,745 | €1,459 | -€285 | -16.4% |
| Taxes, remuneration and social security | 45 | €6,303 | €9,318 | +€3,015 | +47.8% |
| Taxes | 450/3 | €4,803 | €9,318 | +€4,515 | +94.0% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €5,945 | €1,698 | -€4,247 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €2,420 | +€2,145 | +781.0% |
| Other operating charges | 640/8 | €528 | €716 | +€188 | +35.5% |
| Non-recurring operating charges | 66A | €164 | €881 | +€716 | +435.6% |
| Gross operating margin | 9900 | €8,767 | €21,736 | +€12,970 | +147.9% |
| Operating profit (loss) | 9901 | €7,800 | €17,720 | +€9,920 | +127.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,058 | €578 | -€479 | -45.3% |
| Recurring financial charges | 65 | €1,058 | €578 | -€479 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €6,742 | €17,141 | +€10,399 | +154.3% |
| Income taxes | 67/77 | €1,515 | €3,511 | +€1,996 | +131.7% |
| Profit (loss) for the period | 9904 | €5,227 | €13,630 | +€8,404 | +160.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,227 | €13,630 | +€8,404 | +160.8% |
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 11 October 2026 via checked.be.