HFM: 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.
HFM
Largest movements
- Receivables within one year -€11,851
down €11,851 (-26.7%), from €44,441 to €32,590
of which Other amounts receivable: -€11,890
- Cash -€2,914
down €2,914 (-36.4%), from €8,005 to €5,091
mainly Net result for the year (-€9,502) and Trade debts (-€5,278)
- Profit (loss) carried forward -€9,502
down €9,502 (-982%), from -€967 to -€10,469
- Trade debts -€5,278
down €5,278 (-41.8%), from €12,618 to €7,340
- Gross operating margin -€5,387
down €5,387, from €738 to -€4,649
- Other operating charges +€1,384
up €1,384 (+69.1%), from €2,004 to €3,388
- Financial charges -€724
down €724 (-38.8%), from €1,867 to €1,143
- Taxes -€361
down €361 (-16.2%), from €2,228 to €1,867
- Financial income -€96
down €96 (-5.9%), from €1,640 to €1,544
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.
Derived cash bridge
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 | €56,885 | €41,979 | -€14,906 | -26.2% |
| Fixed assets | 21/28 | €3,500 | €3,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,500 | €3,500 | = | 0.0% |
| Furniture and vehicles | 24 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €53,385 | €38,479 | -€14,906 | -27.9% |
| Amounts receivable within one year | 40/41 | €44,441 | €32,590 | -€11,851 | -26.7% |
| Trade receivables | 40 | €12,983 | €13,023 | +€39 | +0.3% |
| Other amounts receivable | 41 | €31,457 | €19,567 | -€11,890 | -37.8% |
| Cash at bank and in hand | 54/58 | €8,005 | €5,091 | -€2,914 | -36.4% |
| Deferred charges and accrued income | 490/1 | €940 | €798 | -€141 | -15.1% |
| Total equity and liabilities | 10/49 | €56,885 | €41,979 | -€14,906 | -26.2% |
| Equity | 10/15 | €5,233 | -€4,269 | -€9,502 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€967 | -€10,469 | -€9,502 | -982% |
| Amounts payable | 17/49 | €51,653 | €46,248 | -€5,404 | -10.5% |
| Amounts payable within one year | 42/48 | €51,268 | €46,112 | -€5,156 | -10.1% |
| Trade debts | 44 | €12,618 | €7,340 | -€5,278 | -41.8% |
| Suppliers | 440/4 | €12,618 | €7,340 | -€5,278 | -41.8% |
| Taxes, remuneration and social security | 45 | €11,650 | €11,772 | +€122 | +1.0% |
| Taxes | 450/3 | €11,650 | €11,772 | +€122 | +1.0% |
| Other amounts payable | 47/48 | €27,000 | €27,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €385 | €137 | -€248 | -64.5% |
| Other operating charges | 640/8 | €2,004 | €3,388 | +€1,384 | +69.1% |
| Gross operating margin | 9900 | €738 | -€4,649 | -€5,387 | |
| Operating profit (loss) | 9901 | -€1,266 | -€8,037 | -€6,771 | -535% |
| Financial income | 75/76B | €1,640 | €1,544 | -€96 | -5.9% |
| Recurring financial income | 75 | €1,640 | €1,544 | -€96 | -5.9% |
| Financial charges | 65/66B | €1,867 | €1,143 | -€724 | -38.8% |
| Recurring financial charges | 65 | €1,867 | €1,143 | -€724 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,492 | -€7,635 | -€6,143 | -412% |
| Income taxes | 67/77 | €2,228 | €1,867 | -€361 | -16.2% |
| Profit (loss) for the period | 9904 | -€3,720 | -€9,502 | -€5,782 | -155% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,720 | -€9,502 | -€5,782 | -155% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.