HC SERVICES: 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 SERVICES
Largest movements
- Cash -€205,984
down €205,984 (-68.1%), from €302,628 to €96,644
mainly Contributions, distributions and other (-€195,000) and Receivables within one year (-€175,804)
- Receivables within one year +€175,804
up €175,804 (+116.5%), from €150,927 to €326,730
of which Trade receivables: +€175,628
- Tangible fixed assets -€15,481
down €15,481 (-34.2%), from €45,228 to €29,747
- Trade debts +€94,094
up €94,094 (+158.2%), from €59,494 to €153,587
- Tax, wage and social debts -€81,047
down €81,047 (-60.9%), from €132,991 to €51,944
of which Taxes: -€81,384
- Profit (loss) carried forward -€30,583
down €30,583 (-91.4%), from €33,469 to €2,885
- Other debts -€17,659
down €17,659 (-6.8%), from €257,844 to €240,185
- Current portion of long-term debt -€13,501
no longer reported in 2025 (was €13,501)
- Gross operating margin -€66,344
down €66,344 (-15.5%), from €427,084 to €360,740
- Taxes -€16,657
down €16,657 (-21.7%), from €76,702 to €60,045
- Staff costs -€8,180
down €8,180 (-6.5%), from €124,924 to €116,745
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.
Cash bridge derived
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 | €499,799 | €453,978 | -€45,821 | -9.2% |
| Fixed assets | 21/28 | €45,228 | €29,747 | -€15,481 | -34.2% |
| Tangible fixed assets | 22/27 | €45,228 | €29,747 | -€15,481 | -34.2% |
| Furniture and vehicles | 24 | €45,228 | €29,747 | -€15,481 | -34.2% |
| Current assets | 29/58 | €454,570 | €424,231 | -€30,340 | -6.7% |
| Amounts receivable within one year | 40/41 | €150,927 | €326,730 | +€175,804 | +116.5% |
| Trade receivables | 40 | €150,927 | €326,554 | +€175,628 | +116.4% |
| Other amounts receivable | 41 | - | €176 | +€176 | |
| Cash at bank and in hand | 54/58 | €302,628 | €96,644 | -€205,984 | -68.1% |
| Deferred charges and accrued income | 490/1 | €1,015 | €857 | -€159 | -15.6% |
| Total equity and liabilities | 10/49 | €499,799 | €453,978 | -€45,821 | -9.2% |
| Equity | 10/15 | €35,969 | €5,385 | -€30,583 | -85.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,469 | €2,885 | -€30,583 | -91.4% |
| Amounts payable | 17/49 | €463,830 | €448,593 | -€15,237 | -3.3% |
| Amounts payable within one year | 42/48 | €463,830 | €448,554 | -€15,276 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €13,501 | - | -€13,501 | |
| Financial debts | 43 | - | €2,839 | +€2,839 | |
| Credit institutions | 430/8 | - | €2,839 | +€2,839 | |
| Trade debts | 44 | €59,494 | €153,587 | +€94,094 | +158.2% |
| Suppliers | 440/4 | €59,494 | €153,587 | +€94,094 | +158.2% |
| Taxes, remuneration and social security | 45 | €132,991 | €51,944 | -€81,047 | -60.9% |
| Taxes | 450/3 | €115,414 | €34,030 | -€81,384 | -70.5% |
| Remuneration and social security | 454/9 | €17,577 | €17,914 | +€337 | +1.9% |
| Other amounts payable | 47/48 | €257,844 | €240,185 | -€17,659 | -6.8% |
| Accrued charges and deferred income | 492/3 | - | €38 | +€38 | |
| Non-recurring operating income | 76A | - | €11,620 | +€11,620 | |
| Remuneration, social security and pensions | 62 | €124,924 | €116,745 | -€8,180 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,288 | €15,481 | +€193 | +1.3% |
| Other operating charges | 640/8 | €1,066 | €2,636 | +€1,570 | +147.4% |
| Gross operating margin | 9900 | €427,084 | €360,740 | -€66,344 | -15.5% |
| Operating profit (loss) | 9901 | €285,807 | €225,879 | -€59,928 | -21.0% |
| Financial income | 75/76B | €3,364 | €623 | -€2,740 | -81.5% |
| Recurring financial income | 75 | €3,364 | €623 | -€2,740 | -81.5% |
| Financial charges | 65/66B | €2,602 | €2,041 | -€561 | -21.6% |
| Recurring financial charges | 65 | €2,602 | €2,041 | -€561 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €286,569 | €224,461 | -€62,107 | -21.7% |
| Income taxes | 67/77 | €76,702 | €60,045 | -€16,657 | -21.7% |
| Profit (loss) for the period | 9904 | €209,867 | €164,417 | -€45,450 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €209,867 | €164,417 | -€45,450 | -21.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.