HBR Industry: 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.
HBR Industry
Largest movements
- Cash +€5,514
up €5,514 (+15.1%), from €36,562 to €42,075
mainly Stocks and contracts (+€5,197) and Net result for the year (+€3,285)
- Stocks and contracts -€5,197
down €5,197 (-9.4%), from €55,254 to €50,057
- Receivables within one year +€3,309
up €3,309 (+56.3%), from €5,879 to €9,189
- Tangible fixed assets -€1,557
down €1,557 (-25.2%), from €6,179 to €4,622
- Profit (loss) carried forward +€3,285
up €3,285 (+41.1%), from -€7,988 to -€4,703
- Gross operating margin +€9,462
up €9,462, from -€3,809 to €5,653
- Depreciation -€2,197
down €2,197 (-58.5%), from €3,754 to €1,557
- Financial income +€933
up €933 (+625%), from €149 to €1,082
- Other operating charges +€263
up €263 (+22.4%), from €1,175 to €1,438
- Financial charges +€192
up €192 (+74.7%), from €258 to €450
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 | €103,949 | €106,018 | +€2,069 | +2.0% |
| Fixed assets | 21/28 | €6,254 | €4,697 | -€1,557 | -24.9% |
| Tangible fixed assets | 22/27 | €6,179 | €4,622 | -€1,557 | -25.2% |
| Plant, machinery and equipment | 23 | €6,179 | €4,622 | -€1,557 | -25.2% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €97,695 | €101,321 | +€3,626 | +3.7% |
| Stocks and contracts in progress | 3 | €55,254 | €50,057 | -€5,197 | -9.4% |
| Stocks | 30/36 | €55,254 | €50,057 | -€5,197 | -9.4% |
| Amounts receivable within one year | 40/41 | €5,879 | €9,189 | +€3,309 | +56.3% |
| Trade receivables | 40 | €5,879 | €9,189 | +€3,309 | +56.3% |
| Cash at bank and in hand | 54/58 | €36,562 | €42,075 | +€5,514 | +15.1% |
| Total equity and liabilities | 10/49 | €103,949 | €106,018 | +€2,069 | +2.0% |
| Equity | 10/15 | €72 | €3,357 | +€3,285 | +4,536% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,988 | -€4,703 | +€3,285 | +41.1% |
| Amounts payable | 17/49 | €103,877 | €102,661 | -€1,216 | -1.2% |
| Amounts payable within one year | 42/48 | €103,877 | €102,661 | -€1,216 | -1.2% |
| Trade debts | 44 | €202 | €58 | -€144 | -71.3% |
| Suppliers | 440/4 | €202 | €58 | -€144 | -71.3% |
| Taxes, remuneration and social security | 45 | €3,231 | €2,662 | -€569 | -17.6% |
| Taxes | 450/3 | €3,231 | €2,662 | -€569 | -17.6% |
| Other amounts payable | 47/48 | €100,443 | €99,941 | -€503 | -0.5% |
| Non-recurring operating income | 76A | - | €1,357 | +€1,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,754 | €1,557 | -€2,197 | -58.5% |
| Other operating charges | 640/8 | €1,175 | €1,438 | +€263 | +22.4% |
| Gross operating margin | 9900 | -€3,809 | €5,653 | +€9,462 | |
| Operating profit (loss) | 9901 | -€8,737 | €2,658 | +€11,396 | |
| Financial income | 75/76B | €149 | €1,082 | +€933 | +625% |
| Recurring financial income | 75 | €149 | €1,082 | +€933 | +625% |
| Financial charges | 65/66B | €258 | €450 | +€192 | +74.7% |
| Recurring financial charges | 65 | €258 | €450 | +€192 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,846 | €3,290 | +€12,136 | |
| Income taxes | 67/77 | €92 | €5 | -€86 | -94.2% |
| Profit (loss) for the period | 9904 | -€8,938 | €3,285 | +€12,223 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,938 | €3,285 | +€12,223 |
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 18 October 2026 via checked.be.