HC INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Financial fixed assets +€332,000
up €332,000 (+15.0%), from €2.2m to €2.5m
- Receivables within one year +€169,662
up €169,662 (+164%), from €103,509 to €273,171
of which Other amounts receivable: +€90,037
- Profit (loss) carried forward +€182,998
up €182,998 (+39.0%), from €469,016 to €652,014
- Debts after one year +€120,436
up €120,436 (+8.1%), from €1.5m to €1.6m
- Other debts +€101,649
up €101,649, from €0 to €101,649
- Current portion of long-term debt +€77,482
up €77,482 (+51.7%), from €149,945 to €227,427
- Financial income -€177,512
down €177,512 (-56.1%), from €316,240 to €138,728
- Gross operating margin +€57,821
up €57,821 (+27.9%), from €206,964 to €264,785
- Staff costs +€51,836
up €51,836 (+55.5%), from €93,414 to €145,249
- Taxes -€21,748
down €21,748 (-73.0%), from €29,795 to €8,047
- Depreciation +€2,866
up €2,866 (+99.3%), from €2,887 to €5,753
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 | €2,383,314 | €2,876,011 | +€492,697 | +20.7% |
| Fixed assets | 21/28 | €2,227,181 | €2,553,428 | +€326,247 | +14.6% |
| Intangible fixed assets | 21 | €20,277 | €14,524 | -€5,753 | -28.4% |
| Financial fixed assets | 28 | €2,206,904 | €2,538,904 | +€332,000 | +15.0% |
| Current assets | 29/58 | €156,133 | €322,583 | +€166,450 | +107% |
| Amounts receivable within one year | 40/41 | €103,509 | €273,171 | +€169,662 | +164% |
| Trade receivables | 40 | €48,500 | €128,125 | +€79,625 | +164% |
| Other amounts receivable | 41 | €55,009 | €145,046 | +€90,037 | +164% |
| Cash at bank and in hand | 54/58 | €31,967 | €17,572 | -€14,395 | -45.0% |
| Deferred charges and accrued income | 490/1 | €20,657 | €31,840 | +€11,183 | +54.1% |
| Total equity and liabilities | 10/49 | €2,383,314 | €2,876,011 | +€492,697 | +20.7% |
| Equity | 10/15 | €479,016 | €662,014 | +€182,998 | +38.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €469,016 | €652,014 | +€182,998 | +39.0% |
| Amounts payable | 17/49 | €1,904,298 | €2,213,997 | +€309,699 | +16.3% |
| Amounts payable after more than one year | 17 | €1,489,809 | €1,610,245 | +€120,436 | +8.1% |
| Financial debts | 170/4 | €1,489,809 | €1,610,245 | +€120,436 | +8.1% |
| Amounts payable within one year | 42/48 | €359,096 | €523,715 | +€164,619 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €149,945 | €227,427 | +€77,482 | +51.7% |
| Financial debts | 43 | €10,142 | €8,796 | -€1,346 | -13.3% |
| Credit institutions | 430/8 | €10,142 | €8,796 | -€1,346 | -13.3% |
| Trade debts | 44 | €173,340 | €146,731 | -€26,609 | -15.4% |
| Suppliers | 440/4 | €173,340 | €146,731 | -€26,609 | -15.4% |
| Taxes, remuneration and social security | 45 | €25,669 | €39,112 | +€13,443 | +52.4% |
| Taxes | 450/3 | €5,401 | €10,843 | +€5,442 | +101% |
| Remuneration and social security | 454/9 | €20,268 | €28,269 | +€8,001 | +39.5% |
| Other amounts payable | 47/48 | €0 | €101,649 | +€101,649 | |
| Accrued charges and deferred income | 492/3 | €55,393 | €80,037 | +€24,643 | +44.5% |
| Remuneration, social security and pensions | 62 | €93,414 | €145,249 | +€51,836 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,887 | €5,753 | +€2,866 | +99.3% |
| Other operating charges | 640/8 | €62 | €1,098 | +€1,036 | +1,672% |
| Gross operating margin | 9900 | €206,964 | €264,785 | +€57,821 | +27.9% |
| Operating profit (loss) | 9901 | €110,601 | €112,684 | +€2,082 | +1.9% |
| Financial income | 75/76B | €316,240 | €138,728 | -€177,512 | -56.1% |
| Recurring financial income | 75 | €316,240 | €138,728 | -€177,512 | -56.1% |
| Financial charges | 65/66B | €60,309 | €60,367 | +€58 | +0.1% |
| Recurring financial charges | 65 | €60,309 | €60,367 | +€58 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €366,532 | €191,045 | -€175,487 | -47.9% |
| Income taxes | 67/77 | €29,795 | €8,047 | -€21,748 | -73.0% |
| Profit (loss) for the period | 9904 | €336,737 | €182,998 | -€153,739 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €336,737 | €182,998 | -€153,739 | -45.7% |
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 27 October 2026 via checked.be.