HC&IB Labels: 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&IB Labels
Largest movements
- Receivables within one year -€12,843
down €12,843 (-17.8%), from €72,000 to €59,157
of which Trade receivables: -€20,304
- Cash +€9,702
up €9,702 (+419%), from €2,315 to €12,017
mainly Net result for the year (+€32,534) and Receivables within one year (+€12,843)
- Stocks and contracts -€5,500
down €5,500 (-57.9%), from €9,500 to €4,000
- Intangible fixed assets -€5,000
down €5,000 (-33.4%), from €14,986 to €9,986
- Tangible fixed assets -€3,459
down €3,459 (-34.8%), from €9,938 to €6,479
of which Other tangible fixed assets: -€2,496
- Profit (loss) carried forward +€32,534
up €32,534, from -€11,291 to €21,243
- Trade debts -€31,628
down €31,628 (-84.5%), from €37,414 to €5,786
- Other debts -€7,612
down €7,612 (-29.8%), from €25,566 to €17,954
- Short-term financial debts -€5,400
down €5,400 (-100%), from €5,400 to €0
- Tax, wage and social debts -€3,392
down €3,392 (-14.8%), from €22,909 to €19,517
of which Remuneration and social security: -€7,030
- Gross operating margin +€67,195
up €67,195 (+56.5%), from €119,004 to €186,199
- Staff costs +€21,351
up €21,351 (+18.8%), from €113,475 to €134,826
- Write-downs -€2,508
down €2,508 (-100%), from €2,508 to €0
- Depreciation +€2,102
up €2,102 (+33.1%), from €6,357 to €8,459
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 | €116,246 | €99,880 | -€16,366 | -14.1% |
| Fixed assets | 21/28 | €24,924 | €16,466 | -€8,459 | -33.9% |
| Intangible fixed assets | 21 | €14,986 | €9,986 | -€5,000 | -33.4% |
| Tangible fixed assets | 22/27 | €9,938 | €6,479 | -€3,459 | -34.8% |
| Furniture and vehicles | 24 | €4,191 | €3,228 | -€963 | -23.0% |
| Other tangible fixed assets | 26 | €5,747 | €3,252 | -€2,496 | -43.4% |
| Current assets | 29/58 | €91,322 | €83,414 | -€7,908 | -8.7% |
| Stocks and contracts in progress | 3 | €9,500 | €4,000 | -€5,500 | -57.9% |
| Stocks | 30/36 | €9,500 | €4,000 | -€5,500 | -57.9% |
| Amounts receivable within one year | 40/41 | €72,000 | €59,157 | -€12,843 | -17.8% |
| Trade receivables | 40 | €63,720 | €43,416 | -€20,304 | -31.9% |
| Other amounts receivable | 41 | €8,280 | €15,741 | +€7,461 | +90.1% |
| Current investments | 50/53 | €1,399 | €2,219 | +€820 | +58.6% |
| Cash at bank and in hand | 54/58 | €2,315 | €12,017 | +€9,702 | +419% |
| Deferred charges and accrued income | 490/1 | €6,108 | €6,022 | -€86 | -1.4% |
| Total equity and liabilities | 10/49 | €116,246 | €99,880 | -€16,366 | -14.1% |
| Equity | 10/15 | €24,090 | €56,623 | +€32,534 | +135% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,780 | €16,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,110 | €2,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €14,670 | €14,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,291 | €21,243 | +€32,534 | |
| Amounts payable | 17/49 | €92,156 | €43,257 | -€48,900 | -53.1% |
| Amounts payable within one year | 42/48 | €91,289 | €43,257 | -€48,033 | -52.6% |
| Financial debts | 43 | €5,400 | €0 | -€5,400 | -100% |
| Credit institutions | 430/8 | €5,400 | €0 | -€5,400 | -100% |
| Trade debts | 44 | €37,414 | €5,786 | -€31,628 | -84.5% |
| Suppliers | 440/4 | €37,414 | €5,786 | -€31,628 | -84.5% |
| Taxes, remuneration and social security | 45 | €22,909 | €19,517 | -€3,392 | -14.8% |
| Taxes | 450/3 | €200 | €3,838 | +€3,638 | +1,818% |
| Remuneration and social security | 454/9 | €22,709 | €15,679 | -€7,030 | -31.0% |
| Other amounts payable | 47/48 | €25,566 | €17,954 | -€7,612 | -29.8% |
| Accrued charges and deferred income | 492/3 | €867 | €0 | -€867 | -100% |
| Non-recurring operating income | 76A | €1,677 | €0 | -€1,677 | -100% |
| Remuneration, social security and pensions | 62 | €113,475 | €134,826 | +€21,351 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,357 | €8,459 | +€2,102 | +33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,508 | €0 | -€2,508 | -100% |
| Other operating charges | 640/8 | €2,587 | €2,207 | -€380 | -14.7% |
| Gross operating margin | 9900 | €119,004 | €186,199 | +€67,195 | +56.5% |
| Operating profit (loss) | 9901 | -€5,923 | €40,708 | +€46,631 | |
| Financial income | 75/76B | €370 | €170 | -€200 | -54.0% |
| Recurring financial income | 75 | €370 | €170 | -€200 | -54.0% |
| Financial charges | 65/66B | €5,355 | €6,606 | +€1,252 | +23.4% |
| Recurring financial charges | 65 | €5,355 | €6,606 | +€1,252 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,907 | €34,272 | +€45,179 | |
| Income taxes | 67/77 | €383 | €1,738 | +€1,355 | +353% |
| Profit (loss) for the period | 9904 | -€11,291 | €32,534 | +€43,824 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,291 | €32,534 | +€43,824 |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.