HG Group: 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.
HG Group
Largest movements
- Cash +€9,585
up €9,585 (+1,028%), from €933 to €10,518
mainly Receivables within one year (+€8,449) and Trade debts (+€1,230)
- Receivables within one year -€8,449
down €8,449 (-73.9%), from €11,429 to €2,980
of which Trade receivables: -€8,965
- Tangible fixed assets +€734
up €734 (+129%), from €569 to €1,303
- Trade debts +€1,230
up €1,230 (+111%), from €1,112 to €2,342
- Profit (loss) carried forward +€524
up €524 (+10.3%), from €5,098 to €5,622
- Tax, wage and social debts +€157
up €157 (+3.1%), from €5,000 to €5,157
of which Taxes: +€1,357
- Gross operating margin -€4,821
down €4,821 (-54.8%), from €8,795 to €3,975
- Taxes -€3,267
down €3,267, from €3,247 to -€20
- Financial charges +€423
up €423 (+24.8%), from €1,708 to €2,132
- Depreciation +€304
up €304 (+65.1%), from €467 to €770
- Other operating charges +€189
up €189 (+33.6%), from €562 to €750
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.
Derived cash bridge
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 | €13,210 | €15,121 | +€1,911 | +14.5% |
| Fixed assets | 21/28 | €569 | €1,303 | +€734 | +129% |
| Tangible fixed assets | 22/27 | €569 | €1,303 | +€734 | +129% |
| Plant, machinery and equipment | 23 | €569 | €1,303 | +€734 | +129% |
| Current assets | 29/58 | €12,641 | €13,818 | +€1,177 | +9.3% |
| Amounts receivable within one year | 40/41 | €11,429 | €2,980 | -€8,449 | -73.9% |
| Trade receivables | 40 | €9,054 | €89 | -€8,965 | -99.0% |
| Other amounts receivable | 41 | €2,375 | €2,890 | +€516 | +21.7% |
| Cash at bank and in hand | 54/58 | €933 | €10,518 | +€9,585 | +1,028% |
| Deferred charges and accrued income | 490/1 | €279 | €320 | +€41 | +14.6% |
| Total equity and liabilities | 10/49 | €13,210 | €15,121 | +€1,911 | +14.5% |
| Equity | 10/15 | €7,098 | €7,622 | +€524 | +7.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,098 | €5,622 | +€524 | +10.3% |
| Amounts payable | 17/49 | €6,112 | €7,499 | +€1,387 | +22.7% |
| Amounts payable within one year | 42/48 | €6,112 | €7,499 | +€1,387 | +22.7% |
| Trade debts | 44 | €1,112 | €2,342 | +€1,230 | +111% |
| Suppliers | 440/4 | €1,112 | €2,342 | +€1,230 | +111% |
| Taxes, remuneration and social security | 45 | €5,000 | €5,157 | +€157 | +3.1% |
| Taxes | 450/3 | €2,000 | €3,357 | +€1,357 | +67.8% |
| Remuneration and social security | 454/9 | €3,000 | €1,800 | -€1,200 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €770 | +€304 | +65.1% |
| Other operating charges | 640/8 | €562 | €750 | +€189 | +33.6% |
| Gross operating margin | 9900 | €8,795 | €3,975 | -€4,821 | -54.8% |
| Operating profit (loss) | 9901 | €7,767 | €2,454 | -€5,313 | -68.4% |
| Financial income | 75/76B | €71 | €182 | +€111 | +156% |
| Recurring financial income | 75 | €71 | €182 | +€111 | +156% |
| Financial charges | 65/66B | €1,708 | €2,132 | +€423 | +24.8% |
| Recurring financial charges | 65 | €1,708 | €2,132 | +€423 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €6,130 | €504 | -€5,626 | -91.8% |
| Income taxes | 67/77 | €3,247 | -€20 | -€3,267 | |
| Profit (loss) for the period | 9904 | €2,883 | €524 | -€2,359 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,883 | €524 | -€2,359 | -81.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.