HCSNET: 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.
HCSNET
Largest movements
- Cash -€12,345
down €12,345 (-8.2%), from €150,174 to €137,829
mainly Tax, wage and social debts (-€10,536) and Trade debts (-€6,140)
- Receivables within one year +€4,577
up €4,577 (+4.5%), from €101,469 to €106,046
- Deferred charges and accrued income -€3,348
down €3,348 (-82.6%), from €4,052 to €704
- Tax, wage and social debts -€10,536
down €10,536 (-5.4%), from €194,093 to €183,557
of which Remuneration and social security: -€15,045
- Profit (loss) carried forward +€9,878
up €9,878 (+15.7%), from €62,889 to €72,767
- Trade debts -€6,140
down €6,140 (-29.0%), from €21,201 to €15,061
- Other debts -€5,327
down €5,327 (-51.6%), from €10,327 to €5,000
- Staff costs -€14,709
down €14,709 (-1.2%), from €1.2m to €1.2m
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 | €315,744 | €304,629 | -€11,116 | -3.5% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €315,694 | €304,579 | -€11,116 | -3.5% |
| Amounts receivable within one year | 40/41 | €101,469 | €106,046 | +€4,577 | +4.5% |
| Trade receivables | 40 | €101,469 | €106,046 | +€4,577 | +4.5% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €150,174 | €137,829 | -€12,345 | -8.2% |
| Deferred charges and accrued income | 490/1 | €4,052 | €704 | -€3,348 | -82.6% |
| Total equity and liabilities | 10/49 | €315,744 | €304,629 | -€11,116 | -3.5% |
| Equity | 10/15 | €83,349 | €93,227 | +€9,878 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,889 | €72,767 | +€9,878 | +15.7% |
| Amounts payable | 17/49 | €232,395 | €211,402 | -€20,993 | -9.0% |
| Amounts payable within one year | 42/48 | €232,344 | €210,554 | -€21,789 | -9.4% |
| Financial debts | 43 | €6,723 | €6,937 | +€214 | +3.2% |
| Credit institutions | 430/8 | €6,723 | €6,937 | +€214 | +3.2% |
| Trade debts | 44 | €21,201 | €15,061 | -€6,140 | -29.0% |
| Suppliers | 440/4 | €21,201 | €15,061 | -€6,140 | -29.0% |
| Taxes, remuneration and social security | 45 | €194,093 | €183,557 | -€10,536 | -5.4% |
| Taxes | 450/3 | €174 | €4,682 | +€4,509 | +2595.8% |
| Remuneration and social security | 454/9 | €193,919 | €178,874 | -€15,045 | -7.8% |
| Other amounts payable | 47/48 | €10,327 | €5,000 | -€5,327 | -51.6% |
| Accrued charges and deferred income | 492/3 | €51 | €847 | +€796 | +1551.6% |
| Remuneration, social security and pensions | 62 | €1,184,324 | €1,169,614 | -€14,709 | -1.2% |
| Other operating charges | 640/8 | €384 | €449 | +€64 | +16.7% |
| Gross operating margin | 9900 | €1,195,007 | €1,191,385 | -€3,622 | -0.3% |
| Operating profit (loss) | 9901 | €10,298 | €21,321 | +€11,023 | +107.0% |
| Financial income | 75/76B | €1,081 | €1,423 | +€342 | +31.6% |
| Recurring financial income | 75 | €1,081 | €1,423 | +€342 | +31.6% |
| Financial charges | 65/66B | €1,815 | €1,947 | +€133 | +7.3% |
| Recurring financial charges | 65 | €1,815 | €1,947 | +€133 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €9,565 | €20,797 | +€11,232 | +117.4% |
| Income taxes | 67/77 | €493 | €5,919 | +€5,426 | +1101.5% |
| Profit (loss) for the period | 9904 | €9,072 | €14,878 | +€5,806 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,072 | €14,878 | +€5,806 | +64.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.