HCPS: 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.
HCPS
Largest movements
- Cash -€58,854
down €58,854 (-94.5%), from €62,275 to €3,421
mainly Contributions, distributions and other (-€70,000) and Receivables within one year (-€29,525)
- Receivables within one year +€29,525
up €29,525 (+66.1%), from €44,636 to €74,162
of which Trade receivables: +€33,025
- Deferred charges and accrued income -€13,148
down €13,148 (-94.7%), from €13,889 to €741
- Tangible fixed assets -€4,295
down €4,295 (-96.2%), from €4,463 to €169
of which Plant, machinery and equipment: -€3,562
- Intangible fixed assets -€1,605
down €1,605 (-100%), from €1,605 to €0
- Contributions -€70,000
down €70,000 (-89.1%), from €78,600 to €8,600
- Reserves +€16,669
up €16,669 (+69.6%), from €23,954 to €40,623
- Other debts +€14,098
up €14,098 (+620%), from €2,275 to €16,373
- Tax, wage and social debts -€12,433
down €12,433 (-52.3%), from €23,776 to €11,343
- Trade debts +€3,290
up €3,290 (+944%), from €348 to €3,638
- Depreciation -€25,890
down €25,890 (-81.4%), from €31,789 to €5,900
- Gross operating margin -€16,365
down €16,365 (-31.7%), from €51,564 to €35,199
- Taxes +€3,735
up €3,735 (+60.6%), from €6,160 to €9,895
- Financial charges +€958
up €958 (+256%), from €374 to €1,332
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 | €128,953 | €80,577 | -€48,376 | -37.5% |
| Fixed assets | 21/28 | €6,653 | €754 | -€5,900 | -88.7% |
| Intangible fixed assets | 21 | €1,605 | €0 | -€1,605 | -100% |
| Tangible fixed assets | 22/27 | €4,463 | €169 | -€4,295 | -96.2% |
| Plant, machinery and equipment | 23 | €3,562 | €0 | -€3,562 | -100% |
| Furniture and vehicles | 24 | €902 | €169 | -€733 | -81.3% |
| Financial fixed assets | 28 | €585 | €585 | = | 0.0% |
| Current assets | 29/58 | €122,300 | €79,824 | -€42,476 | -34.7% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,636 | €74,162 | +€29,525 | +66.1% |
| Trade receivables | 40 | €40,796 | €73,822 | +€33,025 | +81.0% |
| Other amounts receivable | 41 | €3,840 | €340 | -€3,500 | -91.1% |
| Cash at bank and in hand | 54/58 | €62,275 | €3,421 | -€58,854 | -94.5% |
| Deferred charges and accrued income | 490/1 | €13,889 | €741 | -€13,148 | -94.7% |
| Total equity and liabilities | 10/49 | €128,953 | €80,577 | -€48,376 | -37.5% |
| Equity | 10/15 | €102,554 | €49,223 | -€53,331 | -52.0% |
| Contributions | 10/11 | €78,600 | €8,600 | -€70,000 | -89.1% |
| Reserves | 13 | €23,954 | €40,623 | +€16,669 | +69.6% |
| Distributable reserves | 133 | €23,954 | €40,623 | +€16,669 | +69.6% |
| Amounts payable | 17/49 | €26,399 | €31,354 | +€4,955 | +18.8% |
| Amounts payable within one year | 42/48 | €26,399 | €31,354 | +€4,955 | +18.8% |
| Trade debts | 44 | €348 | €3,638 | +€3,290 | +944% |
| Suppliers | 440/4 | €348 | €3,638 | +€3,290 | +944% |
| Taxes, remuneration and social security | 45 | €23,776 | €11,343 | -€12,433 | -52.3% |
| Taxes | 450/3 | €23,776 | €11,343 | -€12,433 | -52.3% |
| Other amounts payable | 47/48 | €2,275 | €16,373 | +€14,098 | +620% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,789 | €5,900 | -€25,890 | -81.4% |
| Other operating charges | 640/8 | €1,171 | €1,404 | +€234 | +20.0% |
| Gross operating margin | 9900 | €51,564 | €35,199 | -€16,365 | -31.7% |
| Operating profit (loss) | 9901 | €18,604 | €27,895 | +€9,291 | +49.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €374 | €1,332 | +€958 | +256% |
| Recurring financial charges | 65 | €374 | €1,332 | +€958 | +256% |
| Profit (loss) for the period before taxes | 9903 | €18,229 | €26,564 | +€8,334 | +45.7% |
| Income taxes | 67/77 | €6,160 | €9,895 | +€3,735 | +60.6% |
| Profit (loss) for the period | 9904 | €12,069 | €16,669 | +€4,599 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,069 | €16,669 | +€4,599 | +38.1% |
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 18 October 2026 via checked.be.