HBS & Co: 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.
HBS & Co
Largest movements
- Receivables within one year -€560,470
down €560,470 (-95.6%), from €586,496 to €26,026
of which Trade receivables: -€548,498
- Tangible fixed assets +€12,632
new in 2025: €12,632
of which Furniture and vehicles: +€9,717
- Cash +€7,470
up €7,470 (+66.7%), from €11,201 to €18,671
mainly Receivables within one year (+€560,470) and Other debts (+€36,000)
- Trade debts -€299,122
down €299,122 (-95.4%), from €313,541 to €14,419
- Advances received -€286,376
no longer reported in 2025 (was €286,376)
- Other debts +€36,000
new in 2025: €36,000
- Gross operating margin -€12,605
down €12,605 (-70.3%), from €17,939 to €5,333
- Financial charges +€1,483
up €1,483 (+77.3%), from €1,918 to €3,401
- Taxes -€1,127
no longer reported in 2025 (was €1,127)
- Other operating charges +€377
up €377 (+97.3%), from €387 to €764
- Depreciation +€368
new in 2025: €368
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 | €605,551 | €60,183 | -€545,368 | -90.1% |
| Fixed assets | 21/28 | - | €12,632 | +€12,632 | |
| Tangible fixed assets | 22/27 | - | €12,632 | +€12,632 | |
| Plant, machinery and equipment | 23 | - | €2,915 | +€2,915 | |
| Furniture and vehicles | 24 | - | €9,717 | +€9,717 | |
| Current assets | 29/58 | €605,551 | €47,551 | -€558,000 | -92.1% |
| Stocks and contracts in progress | 3 | €7,855 | €2,855 | -€5,000 | -63.7% |
| Stocks | 30/36 | €7,855 | €2,855 | -€5,000 | -63.7% |
| Amounts receivable within one year | 40/41 | €586,496 | €26,026 | -€560,470 | -95.6% |
| Trade receivables | 40 | €574,524 | €26,026 | -€548,498 | -95.5% |
| Other amounts receivable | 41 | €11,971 | - | -€11,971 | |
| Cash at bank and in hand | 54/58 | €11,201 | €18,671 | +€7,470 | +66.7% |
| Total equity and liabilities | 10/49 | €605,551 | €60,183 | -€545,368 | -90.1% |
| Equity | 10/15 | €4,507 | €5,307 | +€800 | +17.7% |
| Profit (loss) carried forward | 14 | €4,507 | €5,307 | +€800 | +17.7% |
| Amounts payable | 17/49 | €601,044 | €54,877 | -€546,168 | -90.9% |
| Amounts payable within one year | 42/48 | €601,044 | €54,877 | -€546,168 | -90.9% |
| Trade debts | 44 | €313,541 | €14,419 | -€299,122 | -95.4% |
| Suppliers | 440/4 | €313,541 | €14,419 | -€299,122 | -95.4% |
| Advances received on contracts in progress | 46 | €286,376 | - | -€286,376 | |
| Taxes, remuneration and social security | 45 | €1,127 | €4,457 | +€3,330 | +296% |
| Taxes | 450/3 | €1,127 | €4,457 | +€3,330 | +296% |
| Other amounts payable | 47/48 | - | €36,000 | +€36,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €368 | +€368 | |
| Other operating charges | 640/8 | €387 | €764 | +€377 | +97.3% |
| Gross operating margin | 9900 | €17,939 | €5,333 | -€12,605 | -70.3% |
| Operating profit (loss) | 9901 | €17,551 | €4,201 | -€13,350 | -76.1% |
| Financial charges | 65/66B | €1,918 | €3,401 | +€1,483 | +77.3% |
| Recurring financial charges | 65 | €1,918 | €3,401 | +€1,483 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €15,634 | €800 | -€14,834 | -94.9% |
| Income taxes | 67/77 | €1,127 | - | -€1,127 | |
| Profit (loss) for the period | 9904 | €14,507 | €800 | -€13,707 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,507 | €800 | -€13,707 | -94.5% |
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.