HF SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Receivables within one year +€357,911
up €357,911 (+92.7%), from €386,101 to €744,013
of which Trade receivables: +€297,358
- Cash -€55,672
no longer reported in 2024 (was €55,672)
mainly Receivables within one year (-€357,911) and Provisions (-€15,000)
- Trade debts +€153,265
up €153,265 (+50.6%), from €302,765 to €456,031
- Other debts +€142,129
up €142,129 (+177.2%), from €80,197 to €222,326
- Tax, wage and social debts +€19,415
new in 2024: €19,415
- Provisions -€15,000
no longer reported in 2024 (was €15,000)
- Gross operating margin +€14,431
up €14,431 (+198.3%), from €7,277 to €21,708
- Write-downs +€11,479
up €11,479 (+229.6%), from €5,000 to €16,479
- Financial charges +€1,644
up €1,644 (+527.1%), from €312 to €1,955
- Taxes +€815
up €815 (+2841.5%), from €29 to €844
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,774 | €744,013 | +€302,239 | +68.4% |
| Current assets | 29/58 | €441,774 | €744,013 | +€302,239 | +68.4% |
| Amounts receivable within one year | 40/41 | €386,101 | €744,013 | +€357,911 | +92.7% |
| Trade receivables | 40 | €383,834 | €681,192 | +€297,358 | +77.5% |
| Other amounts receivable | 41 | €2,267 | €62,820 | +€60,553 | +2671.1% |
| Cash at bank and in hand | 54/58 | €55,672 | - | -€55,672 | |
| Total equity and liabilities | 10/49 | €441,774 | €744,013 | +€302,239 | +68.4% |
| Equity | 10/15 | €43,811 | €46,241 | +€2,430 | +5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,390 | €6,390 | = | 0.0% |
| Distributable reserves | 133 | €6,390 | €6,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,830 | €21,259 | +€2,430 | +12.9% |
| Provisions and deferred taxes | 16 | €15,000 | - | -€15,000 | |
| Provisions for liabilities and charges | 160/5 | €15,000 | - | -€15,000 | |
| Other liabilities and charges | 164/5 | €15,000 | - | -€15,000 | |
| Amounts payable | 17/49 | €382,962 | €697,771 | +€314,809 | +82.2% |
| Amounts payable within one year | 42/48 | €382,962 | €697,771 | +€314,809 | +82.2% |
| Trade debts | 44 | €302,765 | €456,031 | +€153,265 | +50.6% |
| Suppliers | 440/4 | €302,765 | €456,031 | +€153,265 | +50.6% |
| Taxes, remuneration and social security | 45 | - | €19,415 | +€19,415 | |
| Taxes | 450/3 | - | €19,415 | +€19,415 | |
| Other amounts payable | 47/48 | €80,197 | €222,326 | +€142,129 | +177.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,000 | €16,479 | +€11,479 | +229.6% |
| Non-recurring operating charges | 66A | €1,805 | - | -€1,805 | |
| Gross operating margin | 9900 | €7,277 | €21,708 | +€14,431 | +198.3% |
| Operating profit (loss) | 9901 | €472 | €5,229 | +€4,757 | +1008.9% |
| Financial charges | 65/66B | €312 | €1,955 | +€1,644 | +527.1% |
| Recurring financial charges | 65 | €312 | €1,955 | +€1,644 | +527.1% |
| Profit (loss) for the period before taxes | 9903 | €160 | €3,273 | +€3,114 | +1949.4% |
| Income taxes | 67/77 | €29 | €844 | +€815 | +2841.5% |
| Profit (loss) for the period | 9904 | €131 | €2,430 | +€2,299 | +1754.2% |
| Profit (loss) for the period to be appropriated | 9905 | €131 | €2,430 | +€2,299 | +1754.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.