HCC Partners: 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.
HCC Partners
Largest movements
- Current investments -€100,000
down €100,000 (-91.1%), from €109,755 to €9,755
- Cash -€67,375
down €67,375 (-50.9%), from €132,270 to €64,895
mainly Net result for the year (-€88,610) and Other debts (-€61,370)
- Receivables within one year -€26,107
down €26,107 (-89.5%), from €29,155 to €3,048
of which Trade receivables: -€25,822
- Tangible fixed assets +€4,141
up €4,141 (+12.3%), from €33,641 to €37,783
of which Furniture and vehicles: +€4,991
- Profit (loss) carried forward -€88,610
down €88,610 (-64.3%), from €137,877 to €49,267
- Other debts -€61,370
down €61,370 (-78.2%), from €78,527 to €17,157
- Tax, wage and social debts -€21,461
down €21,461 (-70.7%), from €30,349 to €8,888
- Trade debts -€13,553
down €13,553 (-37.7%), from €35,992 to €22,439
- Debts after one year -€4,183
down €4,183 (-51.1%), from €8,180 to €3,997
- Gross operating margin -€198,749
down €198,749, from €116,694 to -€82,055
- Taxes -€28,382
down €28,382 (-98.7%), from €28,747 to €365
- Staff costs -€3,881
down €3,881 (-97.2%), from €3,991 to €110
- Financial income -€1,202
down €1,202 (-35.5%), from €3,389 to €2,187
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 | €304,932 | €115,931 | -€189,002 | -62.0% |
| Fixed assets | 21/28 | €33,641 | €37,783 | +€4,141 | +12.3% |
| Tangible fixed assets | 22/27 | €33,641 | €37,783 | +€4,141 | +12.3% |
| Land and buildings | 22 | €26,208 | €25,358 | -€850 | -3.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,433 | €12,424 | +€4,991 | +67.1% |
| Current assets | 29/58 | €271,291 | €78,148 | -€193,143 | -71.2% |
| Amounts receivable within one year | 40/41 | €29,155 | €3,048 | -€26,107 | -89.5% |
| Trade receivables | 40 | €28,151 | €2,328 | -€25,822 | -91.7% |
| Other amounts receivable | 41 | €1,004 | €720 | -€285 | -28.3% |
| Current investments | 50/53 | €109,755 | €9,755 | -€100,000 | -91.1% |
| Cash at bank and in hand | 54/58 | €132,270 | €64,895 | -€67,375 | -50.9% |
| Deferred charges and accrued income | 490/1 | €110 | €450 | +€339 | +307% |
| Total equity and liabilities | 10/49 | €304,932 | €115,931 | -€189,002 | -62.0% |
| Equity | 10/15 | €147,877 | €59,267 | -€88,610 | -59.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,877 | €49,267 | -€88,610 | -64.3% |
| Amounts payable | 17/49 | €157,055 | €56,664 | -€100,391 | -63.9% |
| Amounts payable after more than one year | 17 | €8,180 | €3,997 | -€4,183 | -51.1% |
| Financial debts | 170/4 | €8,180 | €3,997 | -€4,183 | -51.1% |
| Amounts payable within one year | 42/48 | €148,875 | €52,667 | -€96,208 | -64.6% |
| Current portion of amounts payable after more than one year | 42 | €4,007 | €4,183 | +€177 | +4.4% |
| Trade debts | 44 | €35,992 | €22,439 | -€13,553 | -37.7% |
| Suppliers | 440/4 | €35,992 | €22,439 | -€13,553 | -37.7% |
| Taxes, remuneration and social security | 45 | €30,349 | €8,888 | -€21,461 | -70.7% |
| Taxes | 450/3 | €30,349 | €8,888 | -€21,461 | -70.7% |
| Other amounts payable | 47/48 | €78,527 | €17,157 | -€61,370 | -78.2% |
| Remuneration, social security and pensions | 62 | €3,991 | €110 | -€3,881 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,006 | €6,815 | +€808 | +13.5% |
| Other operating charges | 640/8 | €1,076 | €317 | -€759 | -70.5% |
| Gross operating margin | 9900 | €116,694 | -€82,055 | -€198,749 | |
| Operating profit (loss) | 9901 | €105,621 | -€89,297 | -€194,918 | |
| Financial income | 75/76B | €3,389 | €2,187 | -€1,202 | -35.5% |
| Recurring financial income | 75 | €3,389 | €2,187 | -€1,202 | -35.5% |
| Financial charges | 65/66B | €832 | €1,136 | +€304 | +36.6% |
| Recurring financial charges | 65 | €832 | €1,136 | +€304 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €108,179 | -€88,246 | -€196,424 | |
| Income taxes | 67/77 | €28,747 | €365 | -€28,382 | -98.7% |
| Profit (loss) for the period | 9904 | €79,432 | -€88,610 | -€168,042 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,432 | -€88,610 | -€168,042 |
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 15 October 2026 via checked.be.