HC GROUP: 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.
HC GROUP
Largest movements
- Receivables within one year +€24,112
up €24,112 (+66.0%), from €36,553 to €60,665
of which Trade receivables: +€24,112
- Tangible fixed assets -€15,619
down €15,619 (-27.1%), from €57,634 to €42,015
- Cash -€1,114
down €1,114 (-54.5%), from €2,045 to €931
mainly Receivables within one year (-€24,112) and Trade debts (-€17,785)
- Other debts +€22,320
new in 2023: €22,320
- Advances received +€19,750
new in 2023: €19,750
- Trade debts -€17,785
down €17,785 (-68.7%), from €25,886 to €8,101
- Debts after one year -€12,317
down €12,317 (-50.6%), from €24,321 to €12,004
- Tax, wage and social debts -€10,941
down €10,941 (-75.5%), from €14,494 to €3,553
- Depreciation +€15,619
new in 2023: €15,619
- Gross operating margin +€13,353
up €13,353 (+65.5%), from €20,391 to €33,744
- Other operating charges +€1,965
up €1,965 (+32.9%), from €5,963 to €7,928
- Taxes -€953
no longer reported in 2023 (was €953)
- Staff costs -€339
no longer reported in 2023 (was €339)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,231 | €103,611 | +€7,380 | +7.7% |
| Fixed assets | 21/28 | €57,634 | €42,015 | -€15,619 | -27.1% |
| Tangible fixed assets | 22/27 | €57,634 | €42,015 | -€15,619 | -27.1% |
| Furniture and vehicles | 24 | €57,634 | €42,015 | -€15,619 | -27.1% |
| Current assets | 29/58 | €38,598 | €61,596 | +€22,998 | +59.6% |
| Amounts receivable within one year | 40/41 | €36,553 | €60,665 | +€24,112 | +66.0% |
| Trade receivables | 40 | €36,053 | €60,165 | +€24,112 | +66.9% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,045 | €931 | -€1,114 | -54.5% |
| Total equity and liabilities | 10/49 | €96,231 | €103,611 | +€7,380 | +7.7% |
| Equity | 10/15 | €18,973 | €25,567 | +€6,594 | +34.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,773 | €19,367 | +€6,594 | +51.6% |
| Amounts payable | 17/49 | €77,258 | €78,044 | +€786 | +1.0% |
| Amounts payable after more than one year | 17 | €24,321 | €12,004 | -€12,317 | -50.6% |
| Financial debts | 170/4 | €24,321 | €12,004 | -€12,317 | -50.6% |
| Amounts payable within one year | 42/48 | €52,937 | €66,040 | +€13,102 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €12,558 | €12,317 | -€241 | -1.9% |
| Trade debts | 44 | €25,886 | €8,101 | -€17,785 | -68.7% |
| Suppliers | 440/4 | €25,886 | €8,101 | -€17,785 | -68.7% |
| Advances received on contracts in progress | 46 | - | €19,750 | +€19,750 | |
| Taxes, remuneration and social security | 45 | €14,494 | €3,553 | -€10,941 | -75.5% |
| Taxes | 450/3 | €14,494 | €3,553 | -€10,941 | -75.5% |
| Other amounts payable | 47/48 | - | €22,320 | +€22,320 | |
| Remuneration, social security and pensions | 62 | €339 | - | -€339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,619 | +€15,619 | |
| Other operating charges | 640/8 | €5,963 | €7,928 | +€1,965 | +32.9% |
| Non-recurring operating charges | 66A | €5,107 | - | -€5,107 | |
| Gross operating margin | 9900 | €20,391 | €33,744 | +€13,353 | +65.5% |
| Operating profit (loss) | 9901 | €8,982 | €10,197 | +€1,216 | +13.5% |
| Financial income | 75/76B | €96 | €88 | -€8 | -8.4% |
| Recurring financial income | 75 | €96 | €88 | -€8 | -8.4% |
| Financial charges | 65/66B | €3,357 | €3,692 | +€335 | +10.0% |
| Recurring financial charges | 65 | €3,357 | €3,692 | +€335 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €5,722 | €6,594 | +€872 | +15.2% |
| Income taxes | 67/77 | €953 | - | -€953 | |
| Profit (loss) for the period | 9904 | €4,769 | €6,594 | +€1,825 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,769 | €6,594 | +€1,825 | +38.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.