HBTRADE: 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.
HBTRADE
Largest movements
- Receivables within one year -€10,093
no longer reported in 2025 (was €10,093)
of which Trade receivables: -€9,680
- Debts after one year -€30,043
down €30,043 (-66.1%), from €45,417 to €15,374
- Profit (loss) carried forward +€20,986
up €20,986 (+45.4%), from €46,234 to €67,220
- Trade debts -€8,010
no longer reported in 2025 (was €8,010)
- Accrued charges and deferred income +€5,979
up €5,979 (+166%), from €3,607 to €9,586
- Gross operating margin +€6,205
up €6,205 (+31.4%), from €19,755 to €25,960
- Depreciation -€5,041
no longer reported in 2025 (was €5,041)
- Taxes +€2,201
new in 2025: €2,201
- Financial charges -€843
down €843 (-26.6%), from €3,165 to €2,322
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 | €235,856 | €227,969 | -€7,887 | -3.3% |
| Fixed assets | 21/28 | €225,000 | €225,000 | = | 0.0% |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €10,856 | €2,969 | -€7,887 | -72.7% |
| Amounts receivable within one year | 40/41 | €10,093 | - | -€10,093 | |
| Trade receivables | 40 | €9,680 | - | -€9,680 | |
| Other amounts receivable | 41 | €413 | - | -€413 | |
| Cash at bank and in hand | 54/58 | €764 | €2,969 | +€2,205 | +289% |
| Total equity and liabilities | 10/49 | €235,856 | €227,969 | -€7,887 | -3.3% |
| Equity | 10/15 | €66,234 | €87,220 | +€20,986 | +31.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,234 | €67,220 | +€20,986 | +45.4% |
| Amounts payable | 17/49 | €169,622 | €140,749 | -€28,874 | -17.0% |
| Amounts payable after more than one year | 17 | €45,417 | €15,374 | -€30,043 | -66.1% |
| Financial debts | 170/4 | €45,417 | €15,374 | -€30,043 | -66.1% |
| Amounts payable within one year | 42/48 | €120,599 | €115,789 | -€4,810 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €29,127 | €30,043 | +€917 | +3.1% |
| Trade debts | 44 | €8,010 | - | -€8,010 | |
| Suppliers | 440/4 | €8,010 | - | -€8,010 | |
| Taxes, remuneration and social security | 45 | €1,965 | €4,248 | +€2,284 | +116% |
| Taxes | 450/3 | €1,965 | €4,248 | +€2,284 | +116% |
| Other amounts payable | 47/48 | €81,498 | €81,498 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,607 | €9,586 | +€5,979 | +166% |
| Remuneration, social security and pensions | 62 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,041 | - | -€5,041 | |
| Other operating charges | 640/8 | €448 | €451 | +€3 | +0.6% |
| Gross operating margin | 9900 | €19,755 | €25,960 | +€6,205 | +31.4% |
| Operating profit (loss) | 9901 | €14,246 | €25,509 | +€11,263 | +79.1% |
| Financial income | 75/76B | €110 | - | -€110 | |
| Recurring financial income | 75 | €110 | - | -€110 | |
| Financial charges | 65/66B | €3,165 | €2,322 | -€843 | -26.6% |
| Recurring financial charges | 65 | €3,165 | €2,322 | -€843 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €11,192 | €23,187 | +€11,995 | +107% |
| Income taxes | 67/77 | - | €2,201 | +€2,201 | |
| Profit (loss) for the period | 9904 | €11,192 | €20,986 | +€9,795 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,192 | €20,986 | +€9,795 | +87.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.