HCFB Commerce: 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.
HCFB Commerce
Largest movements
- Receivables within one year +€61,033
up €61,033 (+298%), from €20,449 to €81,482
of which Trade receivables: +€55,120
- Stocks and contracts -€30,150
no longer reported in 2024 (was €30,150)
- Cash -€18,103
down €18,103 (-98.0%), from €18,479 to €376
mainly Receivables within one year (-€61,033) and Net result for the year (-€48,628)
- Tangible fixed assets -€3,145
down €3,145 (-25.5%), from €12,346 to €9,201
of which Furniture and vehicles: -€2,716
- Profit (loss) carried forward -€48,628
down €48,628, from €9,245 to -€39,383
- Advances received +€39,058
new in 2024: €39,058
- Tax, wage and social debts +€18,556
up €18,556 (+148%), from €12,564 to €31,120
of which Remuneration and social security: +€19,228
- Trade debts -€9,299
down €9,299 (-79.6%), from €11,676 to €2,377
- Current portion of long-term debt +€6,082
new in 2024: €6,082
- Gross operating margin -€72,009
down €72,009, from €39,658 to -€32,351
- Staff costs -€13,258
down €13,258 (-55.3%), from €23,971 to €10,713
- Taxes -€2,463
no longer reported in 2024 (was €2,463)
- Financial charges +€768
up €768 (+14,087%), from €5 to €773
- Depreciation +€625
up €625 (+24.8%), from €2,520 to €3,145
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,223 | €93,859 | +€9,635 | +11.4% |
| Fixed assets | 21/28 | €15,146 | €12,001 | -€3,145 | -20.8% |
| Tangible fixed assets | 22/27 | €12,346 | €9,201 | -€3,145 | -25.5% |
| Plant, machinery and equipment | 23 | €1,276 | €847 | -€429 | -33.6% |
| Furniture and vehicles | 24 | €11,070 | €8,354 | -€2,716 | -24.5% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €69,077 | €81,857 | +€12,780 | +18.5% |
| Stocks and contracts in progress | 3 | €30,150 | - | -€30,150 | |
| Stocks | 30/36 | €30,150 | - | -€30,150 | |
| Amounts receivable within one year | 40/41 | €20,449 | €81,482 | +€61,033 | +298% |
| Trade receivables | 40 | €20,449 | €75,569 | +€55,120 | +270% |
| Other amounts receivable | 41 | - | €5,913 | +€5,913 | |
| Cash at bank and in hand | 54/58 | €18,479 | €376 | -€18,103 | -98.0% |
| Total equity and liabilities | 10/49 | €84,223 | €93,859 | +€9,635 | +11.4% |
| Equity | 10/15 | €29,245 | -€19,383 | -€48,628 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,245 | -€39,383 | -€48,628 | |
| Amounts payable | 17/49 | €54,978 | €113,241 | +€58,263 | +106% |
| Amounts payable after more than one year | 17 | - | €2,905 | +€2,905 | |
| Financial debts | 170/4 | - | €2,905 | +€2,905 | |
| Amounts payable within one year | 42/48 | €54,978 | €110,336 | +€55,358 | +101% |
| Current portion of amounts payable after more than one year | 42 | - | €6,082 | +€6,082 | |
| Trade debts | 44 | €11,676 | €2,377 | -€9,299 | -79.6% |
| Suppliers | 440/4 | €11,676 | €2,377 | -€9,299 | -79.6% |
| Advances received on contracts in progress | 46 | - | €39,058 | +€39,058 | |
| Taxes, remuneration and social security | 45 | €12,564 | €31,120 | +€18,556 | +148% |
| Taxes | 450/3 | €4,378 | €3,707 | -€672 | -15.3% |
| Remuneration and social security | 454/9 | €8,186 | €27,414 | +€19,228 | +235% |
| Other amounts payable | 47/48 | €30,737 | €31,699 | +€962 | +3.1% |
| Remuneration, social security and pensions | 62 | €23,971 | €10,713 | -€13,258 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,520 | €3,145 | +€625 | +24.8% |
| Other operating charges | 640/8 | €1,454 | €1,646 | +€192 | +13.2% |
| Gross operating margin | 9900 | €39,658 | -€32,351 | -€72,009 | |
| Operating profit (loss) | 9901 | €11,713 | -€47,855 | -€59,568 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €5 | €773 | +€768 | +14,087% |
| Recurring financial charges | 65 | €5 | €773 | +€768 | +14,087% |
| Profit (loss) for the period before taxes | 9903 | €11,708 | -€48,628 | -€60,337 | |
| Income taxes | 67/77 | €2,463 | - | -€2,463 | |
| Profit (loss) for the period | 9904 | €9,245 | -€48,628 | -€57,874 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,245 | -€48,628 | -€57,874 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.