HCM-Design: 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.
HCM-Design
Largest movements
- Cash +€16,068
up €16,068 (+10.1%), from €159,678 to €175,746
mainly Depreciation (+€24,426) and Trade debts (+€20,493)
- Receivables within one year +€6,491
up €6,491 (+28.2%), from €22,979 to €29,469
of which Other amounts receivable: +€5,012
- Debts after one year -€24,749
down €24,749 (-9.3%), from €264,739 to €239,990
of which Financial debts: -€29,249
- Trade debts +€20,493
new in 2025: €20,493
- Current portion of long-term debt +€11,601
up €11,601 (+176%), from €6,605 to €18,206
- Gross operating margin -€11,383
down €11,383 (-21.1%), from €54,071 to €42,688
- Other operating charges +€5,258
up €5,258 (+423%), from €1,244 to €6,502
- Taxes -€4,533
down €4,533 (-69.4%), from €6,528 to €1,994
- Depreciation +€2,573
up €2,573 (+11.8%), from €21,852 to €24,426
- Financial charges -€669
down €669 (-7.2%), from €9,341 to €8,672
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 | €542,825 | €559,940 | +€17,115 | +3.2% |
| Fixed assets | 21/28 | €353,810 | €352,612 | -€1,198 | -0.3% |
| Tangible fixed assets | 22/27 | €353,810 | €352,612 | -€1,198 | -0.3% |
| Land and buildings | 22 | €345,558 | €349,483 | +€3,925 | +1.1% |
| Furniture and vehicles | 24 | €8,252 | €3,129 | -€5,123 | -62.1% |
| Current assets | 29/58 | €189,015 | €207,328 | +€18,312 | +9.7% |
| Amounts receivable within one year | 40/41 | €22,979 | €29,469 | +€6,491 | +28.2% |
| Trade receivables | 40 | €19,214 | €20,693 | +€1,479 | +7.7% |
| Other amounts receivable | 41 | €3,765 | €8,777 | +€5,012 | +133% |
| Cash at bank and in hand | 54/58 | €159,678 | €175,746 | +€16,068 | +10.1% |
| Deferred charges and accrued income | 490/1 | €6,359 | €2,112 | -€4,247 | -66.8% |
| Total equity and liabilities | 10/49 | €542,825 | €559,940 | +€17,115 | +3.2% |
| Equity | 10/15 | €262,127 | €263,918 | +€1,791 | +0.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €262,027 | €262,027 | = | 0.0% |
| Distributable reserves | 133 | €262,027 | €262,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,791 | +€1,791 | |
| Amounts payable | 17/49 | €280,698 | €296,022 | +€15,324 | +5.5% |
| Amounts payable after more than one year | 17 | €264,739 | €239,990 | -€24,749 | -9.3% |
| Financial debts | 170/4 | €264,739 | €235,490 | -€29,249 | -11.0% |
| Other amounts payable | 178/9 | - | €4,500 | +€4,500 | |
| Amounts payable within one year | 42/48 | €15,959 | €56,032 | +€40,073 | +251% |
| Current portion of amounts payable after more than one year | 42 | €6,605 | €18,206 | +€11,601 | +176% |
| Trade debts | 44 | - | €20,493 | +€20,493 | |
| Suppliers | 440/4 | - | €20,493 | +€20,493 | |
| Taxes, remuneration and social security | 45 | €7,949 | €10,700 | +€2,751 | +34.6% |
| Taxes | 450/3 | €5,749 | €8,500 | +€2,751 | +47.8% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €1,405 | €6,634 | +€5,229 | +372% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,852 | €24,426 | +€2,573 | +11.8% |
| Other operating charges | 640/8 | €1,244 | €6,502 | +€5,258 | +423% |
| Gross operating margin | 9900 | €54,071 | €42,688 | -€11,383 | -21.1% |
| Operating profit (loss) | 9901 | €30,974 | €11,760 | -€19,215 | -62.0% |
| Financial income | 75/76B | €538 | €698 | +€160 | +29.8% |
| Recurring financial income | 75 | €538 | €698 | +€160 | +29.8% |
| Financial charges | 65/66B | €9,341 | €8,672 | -€669 | -7.2% |
| Recurring financial charges | 65 | €9,341 | €8,672 | -€669 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €22,171 | €3,785 | -€18,386 | -82.9% |
| Income taxes | 67/77 | €6,528 | €1,994 | -€4,533 | -69.4% |
| Profit (loss) for the period | 9904 | €15,644 | €1,791 | -€13,853 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,644 | €1,791 | -€13,853 | -88.6% |
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 23 October 2026 via checked.be.