HCconcept: 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.
HCconcept
Largest movements
- Receivables within one year +€348,024
up €348,024 (+443.2%), from €78,530 to €426,555
- Tangible fixed assets +€70,157
up €70,157 (+36.0%), from €194,617 to €264,774
of which Furniture and vehicles: +€54,707
- Cash +€9,129
up €9,129 (+9.4%), from €97,116 to €106,245
mainly Net result for the year (+€240,378) and Trade debts (+€141,487)
- Trade debts +€141,487
up €141,487 (+125.8%), from €112,443 to €253,929
- Reserves +€140,378
up €140,378 (+7547.2%), from €1,860 to €142,238
- Other debts +€66,837
up €66,837 (+1767.2%), from €3,782 to €70,619
- Tax, wage and social debts +€64,199
up €64,199 (+197.2%), from €32,547 to €96,746
of which Taxes: +€64,543
- Current portion of long-term debt +€10,925
up €10,925 (+30.6%), from €35,683 to €46,608
- Gross operating margin +€309,267
up €309,267 (+294.9%), from €104,886 to €414,153
- Taxes +€84,206
up €84,206 (+1314.9%), from €6,404 to €90,609
- Other operating charges +€26,719
up €26,719 (+794.9%), from €3,361 to €30,081
- Write-downs -€14,935
no longer reported in 2025 (was €14,935)
- Staff costs -€11,764
down €11,764 (-43.1%), from €27,285 to €15,521
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 | €373,800 | €800,148 | +€426,348 | +114.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €194,617 | €264,774 | +€70,157 | +36.0% |
| Tangible fixed assets | 22/27 | €194,617 | €264,774 | +€70,157 | +36.0% |
| Land and buildings | 22 | €128,460 | €144,439 | +€15,979 | +12.4% |
| Plant, machinery and equipment | 23 | €2,585 | €2,056 | -€529 | -20.5% |
| Furniture and vehicles | 24 | €63,573 | €118,280 | +€54,707 | +86.1% |
| Current assets | 29/58 | €179,183 | €535,374 | +€356,191 | +198.8% |
| Amounts receivable within one year | 40/41 | €78,530 | €426,555 | +€348,024 | +443.2% |
| Trade receivables | 40 | €78,530 | €426,555 | +€348,024 | +443.2% |
| Cash at bank and in hand | 54/58 | €97,116 | €106,245 | +€9,129 | +9.4% |
| Deferred charges and accrued income | 490/1 | €3,536 | €2,573 | -€963 | -27.2% |
| Total equity and liabilities | 10/49 | €373,800 | €800,148 | +€426,348 | +114.1% |
| Equity | 10/15 | €39,884 | €180,262 | +€140,378 | +352.0% |
| Contributions | 10/11 | €14,900 | €14,900 | = | 0.0% |
| Reserves | 13 | €1,860 | €142,238 | +€140,378 | +7547.2% |
| Distributable reserves | 133 | €1,860 | €142,238 | +€140,378 | +7547.2% |
| Profit (loss) carried forward | 14 | €23,124 | €23,124 | = | 0.0% |
| Amounts payable | 17/49 | €333,916 | €619,886 | +€285,970 | +85.6% |
| Amounts payable after more than one year | 17 | €149,461 | €151,983 | +€2,523 | +1.7% |
| Financial debts | 170/4 | €149,461 | €151,983 | +€2,523 | +1.7% |
| Amounts payable within one year | 42/48 | €184,456 | €467,903 | +€283,447 | +153.7% |
| Current portion of amounts payable after more than one year | 42 | €35,683 | €46,608 | +€10,925 | +30.6% |
| Trade debts | 44 | €112,443 | €253,929 | +€141,487 | +125.8% |
| Suppliers | 440/4 | €112,443 | €253,929 | +€141,487 | +125.8% |
| Taxes, remuneration and social security | 45 | €32,547 | €96,746 | +€64,199 | +197.2% |
| Taxes | 450/3 | €29,300 | €93,843 | +€64,543 | +220.3% |
| Remuneration and social security | 454/9 | €3,247 | €2,903 | -€344 | -10.6% |
| Other amounts payable | 47/48 | €3,782 | €70,619 | +€66,837 | +1767.2% |
| Remuneration, social security and pensions | 62 | €27,285 | €15,521 | -€11,764 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,018 | €28,310 | +€293 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,935 | - | -€14,935 | |
| Other operating charges | 640/8 | €3,361 | €30,081 | +€26,719 | +794.9% |
| Gross operating margin | 9900 | €104,886 | €414,153 | +€309,267 | +294.9% |
| Operating profit (loss) | 9901 | €31,286 | €340,241 | +€308,954 | +987.5% |
| Financial income | 75/76B | €119 | €360 | +€241 | +203.0% |
| Recurring financial income | 75 | €119 | €360 | +€241 | +203.0% |
| Financial charges | 65/66B | €9,275 | €9,613 | +€337 | +3.6% |
| Recurring financial charges | 65 | €9,275 | €9,613 | +€337 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €22,130 | €330,988 | +€308,858 | +1395.7% |
| Income taxes | 67/77 | €6,404 | €90,609 | +€84,206 | +1314.9% |
| Profit (loss) for the period | 9904 | €15,726 | €240,378 | +€224,652 | +1428.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,726 | €240,378 | +€224,652 | +1428.5% |
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 10 October 2026 via checked.be.