HBTS Law: 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.
HBTS Law
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-47.7%), from €41,962 to €21,962
- Receivables within one year +€9,062
up €9,062 (+13.7%), from €65,937 to €74,999
of which Other amounts receivable: +€5,454
- Deferred charges and accrued income +€2,363
up €2,363 (+369%), from €640 to €3,003
- Tangible fixed assets -€1,273
down €1,273 (-27.5%), from €4,629 to €3,357
of which Furniture and vehicles: -€3,520
- Tax, wage and social debts -€9,455
down €9,455 (-42.7%), from €22,131 to €12,676
- Trade debts -€7,104
down €7,104 (-50.9%), from €13,965 to €6,861
- Profit (loss) carried forward +€6,586
up €6,586 (+8.8%), from €74,893 to €81,479
- Gross operating margin -€30,271
down €30,271 (-47.5%), from €63,741 to €33,470
- Taxes -€4,934
down €4,934 (-58.5%), from €8,436 to €3,502
- Financial income +€1,632
up €1,632 (+84.4%), from €1,934 to €3,566
- Financial charges +€1,538
up €1,538 (+168%), from €917 to €2,455
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 | €113,988 | €104,016 | -€9,973 | -8.7% |
| Fixed assets | 21/28 | €46,591 | €25,319 | -€21,273 | -45.7% |
| Intangible fixed assets | 21 | €41,962 | €21,962 | -€20,000 | -47.7% |
| Tangible fixed assets | 22/27 | €4,629 | €3,357 | -€1,273 | -27.5% |
| Plant, machinery and equipment | 23 | - | €2,247 | +€2,247 | |
| Furniture and vehicles | 24 | €4,629 | €1,110 | -€3,520 | -76.0% |
| Current assets | 29/58 | €67,397 | €78,697 | +€11,300 | +16.8% |
| Amounts receivable within one year | 40/41 | €65,937 | €74,999 | +€9,062 | +13.7% |
| Trade receivables | 40 | €2,870 | €6,478 | +€3,608 | +126% |
| Other amounts receivable | 41 | €63,067 | €68,521 | +€5,454 | +8.6% |
| Cash at bank and in hand | 54/58 | €820 | €695 | -€125 | -15.3% |
| Deferred charges and accrued income | 490/1 | €640 | €3,003 | +€2,363 | +369% |
| Total equity and liabilities | 10/49 | €113,988 | €104,016 | -€9,973 | -8.7% |
| Equity | 10/15 | €77,893 | €84,479 | +€6,586 | +8.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,893 | €81,479 | +€6,586 | +8.8% |
| Amounts payable | 17/49 | €36,096 | €19,537 | -€16,559 | -45.9% |
| Amounts payable within one year | 42/48 | €36,096 | €19,537 | -€16,559 | -45.9% |
| Trade debts | 44 | €13,965 | €6,861 | -€7,104 | -50.9% |
| Suppliers | 440/4 | €13,965 | €6,861 | -€7,104 | -50.9% |
| Taxes, remuneration and social security | 45 | €22,131 | €12,676 | -€9,455 | -42.7% |
| Taxes | 450/3 | €22,131 | €12,676 | -€9,455 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,861 | €23,929 | +€67 | +0.3% |
| Other operating charges | 640/8 | €821 | €564 | -€258 | -31.4% |
| Gross operating margin | 9900 | €63,741 | €33,470 | -€30,271 | -47.5% |
| Operating profit (loss) | 9901 | €39,058 | €8,978 | -€30,081 | -77.0% |
| Financial income | 75/76B | €1,934 | €3,566 | +€1,632 | +84.4% |
| Recurring financial income | 75 | €1,934 | €3,566 | +€1,632 | +84.4% |
| Financial charges | 65/66B | €917 | €2,455 | +€1,538 | +168% |
| Recurring financial charges | 65 | €917 | €2,455 | +€1,538 | +168% |
| Profit (loss) for the period before taxes | 9903 | €40,075 | €10,088 | -€29,987 | -74.8% |
| Income taxes | 67/77 | €8,436 | €3,502 | -€4,934 | -58.5% |
| Profit (loss) for the period | 9904 | €31,639 | €6,586 | -€25,053 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,639 | €6,586 | -€25,053 | -79.2% |
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 26 October 2026 via checked.be.