HCL77: 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.
HCL77
Largest movements
- Current investments +€42,376
up €42,376 (+28.5%), from €148,511 to €190,887
- Tangible fixed assets -€21,617
down €21,617 (-6.6%), from €326,289 to €304,672
of which Furniture and vehicles: -€11,187
- Cash +€6,812
up €6,812 (+7.6%), from €90,088 to €96,900
mainly Other debts (+€290,389) and Net result for the year (+€163,703)
- Receivables within one year -€6,035
down €6,035 (-90.8%), from €6,649 to €614
- Other debts +€290,389
up €290,389 (+237.2%), from €122,408 to €412,796
- Profit (loss) carried forward -€237,182
down €237,182 (-59.2%), from €400,885 to €163,703
- Trade debts -€27,793
down €27,793 (-88.3%), from €31,465 to €3,672
- Gross operating margin -€102,052
down €102,052 (-30.4%), from €335,972 to €233,920
- Financial income +€34,007
up €34,007 (+7272.3%), from €468 to €34,474
- Taxes -€17,947
down €17,947 (-26.3%), from €68,351 to €50,404
- Financial charges +€4,901
up €4,901 (+35.5%), from €13,794 to €18,696
- Depreciation +€3,446
up €3,446 (+11.9%), from €28,886 to €32,333
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 | €575,675 | €599,425 | +€23,749 | +4.1% |
| Fixed assets | 21/28 | €329,905 | €308,288 | -€21,617 | -6.6% |
| Tangible fixed assets | 22/27 | €326,289 | €304,672 | -€21,617 | -6.6% |
| Land and buildings | 22 | €251,519 | €240,834 | -€10,684 | -4.2% |
| Plant, machinery and equipment | 23 | €6,093 | €6,348 | +€254 | +4.2% |
| Furniture and vehicles | 24 | €68,677 | €57,490 | -€11,187 | -16.3% |
| Financial fixed assets | 28 | €3,617 | €3,617 | = | 0.0% |
| Current assets | 29/58 | €245,770 | €291,136 | +€45,366 | +18.5% |
| Amounts receivable within one year | 40/41 | €6,649 | €614 | -€6,035 | -90.8% |
| Other amounts receivable | 41 | €6,649 | €614 | -€6,035 | -90.8% |
| Current investments | 50/53 | €148,511 | €190,887 | +€42,376 | +28.5% |
| Cash at bank and in hand | 54/58 | €90,088 | €96,900 | +€6,812 | +7.6% |
| Deferred charges and accrued income | 490/1 | €522 | €2,735 | +€2,213 | +423.7% |
| Total equity and liabilities | 10/49 | €575,675 | €599,425 | +€23,749 | +4.1% |
| Equity | 10/15 | €410,885 | €173,703 | -€237,182 | -57.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €400,885 | €163,703 | -€237,182 | -59.2% |
| Amounts payable | 17/49 | €164,790 | €425,721 | +€260,931 | +158.3% |
| Amounts payable within one year | 42/48 | €164,790 | €425,721 | +€260,931 | +158.3% |
| Financial debts | 43 | €4,234 | €4,238 | +€4 | +0.1% |
| Credit institutions | 430/8 | €4,234 | €4,238 | +€4 | +0.1% |
| Trade debts | 44 | €31,465 | €3,672 | -€27,793 | -88.3% |
| Suppliers | 440/4 | €31,465 | €3,672 | -€27,793 | -88.3% |
| Taxes, remuneration and social security | 45 | €6,683 | €5,015 | -€1,668 | -25.0% |
| Taxes | 450/3 | €6,683 | €5,015 | -€1,668 | -25.0% |
| Other amounts payable | 47/48 | €122,408 | €412,796 | +€290,389 | +237.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,886 | €32,333 | +€3,446 | +11.9% |
| Other operating charges | 640/8 | €1,864 | €3,259 | +€1,395 | +74.8% |
| Gross operating margin | 9900 | €335,972 | €233,920 | -€102,052 | -30.4% |
| Operating profit (loss) | 9901 | €305,222 | €198,329 | -€106,893 | -35.0% |
| Financial income | 75/76B | €468 | €34,474 | +€34,007 | +7272.3% |
| Recurring financial income | 75 | €468 | €34,474 | +€34,007 | +7272.3% |
| Financial charges | 65/66B | €13,794 | €18,696 | +€4,901 | +35.5% |
| Recurring financial charges | 65 | €13,794 | €18,696 | +€4,901 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €291,895 | €214,107 | -€77,788 | -26.6% |
| Income taxes | 67/77 | €68,351 | €50,404 | -€17,947 | -26.3% |
| Profit (loss) for the period | 9904 | €223,544 | €163,703 | -€59,841 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €223,544 | €163,703 | -€59,841 | -26.8% |
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 12 October 2026 via checked.be.