HF INFORMATIQUE: 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.
HF INFORMATIQUE
Largest movements
- Stocks and contracts +€104,017
up €104,017 (+59.6%), from €174,496 to €278,513
- Cash +€98,313
up €98,313 (+39.6%), from €248,014 to €346,327
mainly Net result for the year (+€219,222) and Current investments (+€80,000)
- Receivables within one year +€93,759
up €93,759 (+88.2%), from €106,243 to €200,002
of which Trade receivables: +€49,819
- Receivables after one year +€91,049
new in 2025: €91,049
- Current investments -€80,000
down €80,000 (-5.1%), from €1.6m to €1.5m
- Reserves +€219,222
up €219,222 (+11.6%), from €1.9m to €2.1m
of which Distributable reserves: +€248,478
- Trade debts +€35,701
up €35,701 (+36.2%), from €98,681 to €134,382
- Tax, wage and social debts +€34,762
up €34,762 (+39.2%), from €88,575 to €123,337
of which Taxes: +€23,009
- Gross operating margin +€63,391
up €63,391 (+15.0%), from €421,786 to €485,177
- Financial income -€25,780
down €25,780 (-47.0%), from €54,877 to €29,097
- Staff costs +€8,414
up €8,414 (+5.4%), from €155,322 to €163,736
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 | €2,117,702 | €2,407,386 | +€289,684 | +13.7% |
| Fixed assets | 21/28 | €22,907 | €2,961 | -€19,947 | -87.1% |
| Tangible fixed assets | 22/27 | €22,727 | €2,781 | -€19,947 | -87.8% |
| Furniture and vehicles | 24 | €22,727 | €2,781 | -€19,947 | -87.8% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €2,094,795 | €2,404,426 | +€309,631 | +14.8% |
| Amounts receivable after more than one year | 29 | - | €91,049 | +€91,049 | |
| Trade receivables | 290 | - | €91,049 | +€91,049 | |
| Stocks and contracts in progress | 3 | €174,496 | €278,513 | +€104,017 | +59.6% |
| Stocks | 30/36 | €174,496 | €278,513 | +€104,017 | +59.6% |
| Amounts receivable within one year | 40/41 | €106,243 | €200,002 | +€93,759 | +88.2% |
| Trade receivables | 40 | €106,243 | €156,062 | +€49,819 | +46.9% |
| Other amounts receivable | 41 | - | €43,940 | +€43,940 | |
| Current investments | 50/53 | €1,557,131 | €1,477,131 | -€80,000 | -5.1% |
| Cash at bank and in hand | 54/58 | €248,014 | €346,327 | +€98,313 | +39.6% |
| Deferred charges and accrued income | 490/1 | €8,910 | €11,404 | +€2,494 | +28.0% |
| Total equity and liabilities | 10/49 | €2,117,702 | €2,407,386 | +€289,684 | +13.7% |
| Equity | 10/15 | €1,930,446 | €2,149,668 | +€219,222 | +11.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,881,883 | €2,101,105 | +€219,222 | +11.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €75,994 | -€29,256 | -27.8% |
| Distributable reserves | 133 | €1,774,633 | €2,023,111 | +€248,478 | +14.0% |
| Profit (loss) carried forward | 14 | €28,563 | €28,563 | = | 0.0% |
| Amounts payable | 17/49 | €187,257 | €257,719 | +€70,462 | +37.6% |
| Amounts payable within one year | 42/48 | €187,257 | €257,719 | +€70,462 | +37.6% |
| Trade debts | 44 | €98,681 | €134,382 | +€35,701 | +36.2% |
| Suppliers | 440/4 | €98,681 | €134,382 | +€35,701 | +36.2% |
| Taxes, remuneration and social security | 45 | €88,575 | €123,337 | +€34,762 | +39.2% |
| Taxes | 450/3 | €70,388 | €93,397 | +€23,009 | +32.7% |
| Remuneration and social security | 454/9 | €18,187 | €29,940 | +€11,753 | +64.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €155,322 | €163,736 | +€8,414 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,411 | €19,947 | -€465 | -2.3% |
| Other operating charges | 640/8 | €2,143 | €2,333 | +€191 | +8.9% |
| Gross operating margin | 9900 | €421,786 | €485,177 | +€63,391 | +15.0% |
| Operating profit (loss) | 9901 | €243,910 | €299,161 | +€55,251 | +22.7% |
| Financial income | 75/76B | €54,877 | €29,097 | -€25,780 | -47.0% |
| Recurring financial income | 75 | €54,877 | €29,097 | -€25,780 | -47.0% |
| Financial charges | 65/66B | €2,115 | €4,177 | +€2,063 | +97.5% |
| Recurring financial charges | 65 | €2,115 | €4,177 | +€2,063 | +97.5% |
| Profit (loss) for the period before taxes | 9903 | €296,673 | €324,081 | +€27,409 | +9.2% |
| Income taxes | 67/77 | €109,469 | €104,859 | -€4,610 | -4.2% |
| Profit (loss) for the period | 9904 | €187,203 | €219,222 | +€32,019 | +17.1% |
| Transfer from tax-exempt reserves | 789 | €126,300 | €29,256 | -€97,044 | -76.8% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €313,503 | €248,478 | -€65,025 | -20.7% |
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 11 October 2026 via checked.be.