HFBBDE: 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.
HFBBDE
Largest movements
- Current investments +€6.9m
up €6.9m (+44.4%), from €15.4m to €22.3m
- Reserves +€6.8m
up €6.8m (+36.9%), from €18.4m to €25.2m
of which Distributable reserves: +€6.5m
- Financial income +€405,624
up €405,624 (+5.9%), from €6.9m to €7.3m
of which Financial income: +€405,833
- Financial charges +€162,176
up €162,176, from -€127,563 to €34,613
- Taxes +€101,230
up €101,230 (+123.1%), from €82,233 to €183,463
- Gross operating margin -€91,834
down €91,834 (-70.7%), from -€129,872 to -€221,706
- Other operating charges -€14,451
down €14,451 (-34.0%), from €42,468 to €28,017
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 | €184,109,583 | €190,984,639 | +€6.9m | +3.7% |
| Fixed assets | 21/28 | €168,512,919 | €168,512,919 | = | 0.0% |
| Financial fixed assets | 28 | €168,512,919 | €168,512,919 | = | 0.0% |
| Current assets | 29/58 | €15,596,663 | €22,471,720 | +€6.9m | +44.1% |
| Amounts receivable within one year | 40/41 | €77,076 | €69,535 | -€7,542 | -9.8% |
| Trade receivables | 40 | - | €11,935 | +€11,935 | |
| Other amounts receivable | 41 | €77,076 | €57,600 | -€19,476 | -25.3% |
| Current investments | 50/53 | €15,448,456 | €22,308,090 | +€6.9m | +44.4% |
| Cash at bank and in hand | 54/58 | €71,131 | €94,096 | +€22,964 | +32.3% |
| Total equity and liabilities | 10/49 | €184,109,583 | €190,984,639 | +€6.9m | +3.7% |
| Equity | 10/15 | €183,239,122 | €190,028,993 | +€6.8m | +3.7% |
| Contributions | 10/11 | €164,857,872 | €164,857,872 | = | 0.0% |
| Capital | 10 | €164,857,872 | €164,857,872 | = | 0.0% |
| Issued capital | 100 | €164,857,872 | €164,857,872 | = | 0.0% |
| Reserves | 13 | €18,381,250 | €25,171,121 | +€6.8m | +36.9% |
| Non-distributable reserves | 130/1 | €3,113,291 | €3,452,784 | +€339,494 | +10.9% |
| Legal reserve | 130 | €3,113,291 | €3,452,784 | +€339,494 | +10.9% |
| Distributable reserves | 133 | €15,267,959 | €21,718,337 | +€6.5m | +42.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €870,461 | €955,646 | +€85,185 | +9.8% |
| Amounts payable within one year | 42/48 | €870,461 | €955,646 | +€85,185 | +9.8% |
| Trade debts | 44 | €36,801 | €46,091 | +€9,289 | +25.2% |
| Suppliers | 440/4 | €36,801 | €46,091 | +€9,289 | +25.2% |
| Taxes, remuneration and social security | 45 | €6,648 | €73,901 | +€67,253 | +1011.6% |
| Taxes | 450/3 | €6,648 | €73,901 | +€67,253 | +1011.6% |
| Other amounts payable | 47/48 | €827,011 | €835,654 | +€8,643 | +1.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €133 | €0 | -€133 | -100.0% |
| Other operating charges | 640/8 | €42,468 | €28,017 | -€14,451 | -34.0% |
| Gross operating margin | 9900 | -€129,872 | -€221,706 | -€91,834 | -70.7% |
| Operating profit (loss) | 9901 | -€172,340 | -€249,723 | -€77,383 | -44.9% |
| Financial income | 75/76B | €6,852,046 | €7,257,670 | +€405,624 | +5.9% |
| Recurring financial income | 75 | €6,851,837 | €7,257,670 | +€405,833 | +5.9% |
| Non-recurring financial income | 76B | €209 | €0 | -€209 | -100.0% |
| Financial charges | 65/66B | -€127,563 | €34,613 | +€162,176 | |
| Recurring financial charges | 65 | -€127,563 | €34,613 | +€162,176 | |
| Profit (loss) for the period before taxes | 9903 | €6,807,270 | €6,973,335 | +€166,064 | +2.4% |
| Income taxes | 67/77 | €82,233 | €183,463 | +€101,230 | +123.1% |
| Profit (loss) for the period | 9904 | €6,725,037 | €6,789,872 | +€64,835 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,725,037 | €6,789,872 | +€64,835 | +1.0% |
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 1 October 2026 via checked.be.