HC61: 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.
HC61
Largest movements
- Receivables within one year -€19,152
down €19,152 (-34.5%), from €55,541 to €36,389
- Cash -€2,658
down €2,658 (-95.6%), from €2,780 to €122
- Stocks and contracts +€1,295
up €1,295 (+3.3%), from €38,827 to €40,122
- Tangible fixed assets -€1,081
down €1,081 (-50.0%), from €2,161 to €1,080
- Profit (loss) carried forward -€24,477
down €24,477 (-30.5%), from €80,330 to €55,853
- Trade debts +€3,723
new in 2025: €3,723
- Other debts -€3,000
no longer reported in 2025 (was €3,000)
- Tax, wage and social debts +€2,158
up €2,158 (+569%), from €379 to €2,537
- Gross operating margin +€42,672
up €42,672 (+148%), from €28,824 to €71,496
- Staff costs +€26,671
up €26,671 (+12,234%), from €218 to €26,889
- Taxes +€8,234
new in 2025: €8,234
- Other operating charges +€1,000
new in 2025: €1,000
- Financial income -€721
down €721 (-58.5%), from €1,233 to €512
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,309 | €80,713 | -€21,596 | -21.1% |
| Fixed assets | 21/28 | €5,161 | €4,080 | -€1,081 | -20.9% |
| Tangible fixed assets | 22/27 | €2,161 | €1,080 | -€1,081 | -50.0% |
| Furniture and vehicles | 24 | €2,161 | €1,080 | -€1,081 | -50.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €97,148 | €76,633 | -€20,515 | -21.1% |
| Stocks and contracts in progress | 3 | €38,827 | €40,122 | +€1,295 | +3.3% |
| Stocks | 30/36 | €38,827 | €40,122 | +€1,295 | +3.3% |
| Amounts receivable within one year | 40/41 | €55,541 | €36,389 | -€19,152 | -34.5% |
| Other amounts receivable | 41 | €55,541 | €36,389 | -€19,152 | -34.5% |
| Cash at bank and in hand | 54/58 | €2,780 | €122 | -€2,658 | -95.6% |
| Total equity and liabilities | 10/49 | €102,309 | €80,713 | -€21,596 | -21.1% |
| Equity | 10/15 | €98,930 | €74,453 | -€24,477 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,330 | €55,853 | -€24,477 | -30.5% |
| Amounts payable | 17/49 | €3,379 | €6,260 | +€2,881 | +85.3% |
| Amounts payable within one year | 42/48 | €3,379 | €6,260 | +€2,881 | +85.3% |
| Trade debts | 44 | - | €3,723 | +€3,723 | |
| Suppliers | 440/4 | - | €3,723 | +€3,723 | |
| Taxes, remuneration and social security | 45 | €379 | €2,537 | +€2,158 | +569% |
| Taxes | 450/3 | €379 | €2,537 | +€2,158 | +569% |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €218 | €26,889 | +€26,671 | +12,234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €541 | +€1 | +0.2% |
| Other operating charges | 640/8 | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €28,824 | €71,496 | +€42,672 | +148% |
| Operating profit (loss) | 9901 | €28,066 | €43,066 | +€15,000 | +53.4% |
| Financial income | 75/76B | €1,233 | €512 | -€721 | -58.5% |
| Recurring financial income | 75 | €1,233 | €512 | -€721 | -58.5% |
| Financial charges | 65/66B | €154 | €352 | +€198 | +129% |
| Recurring financial charges | 65 | €154 | €352 | +€198 | +129% |
| Profit (loss) for the period before taxes | 9903 | €29,145 | €43,226 | +€14,081 | +48.3% |
| Income taxes | 67/77 | - | €8,234 | +€8,234 | |
| Profit (loss) for the period | 9904 | €29,145 | €34,992 | +€5,847 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,145 | €34,992 | +€5,847 | +20.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.