HG Management: 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 Management
Largest movements
- Receivables within one year -€45,522
down €45,522 (-76.2%), from €59,735 to €14,213
- Cash +€2,284
up €2,284 (+385%), from €593 to €2,876
mainly Receivables within one year (+€45,522) and Advances received (+€4,235)
- Profit (loss) carried forward -€23,278
new in 2024: -€23,278
- Reserves -€16,047
no longer reported in 2024 (was €16,047)
- Tax, wage and social debts -€5,463
down €5,463 (-49.1%), from €11,119 to €5,656
of which Remuneration and social security: -€4,977
- Advances received +€4,235
new in 2024: €4,235
- Trade debts -€2,685
down €2,685 (-8.9%), from €30,162 to €27,477
- Gross operating margin -€59,538
down €59,538, from €21,343 to -€38,196
- Taxes -€4,053
down €4,053 (-97.2%), from €4,170 to €117
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 | €60,328 | €17,089 | -€43,238 | -71.7% |
| Current assets | 29/58 | €60,328 | €17,089 | -€43,238 | -71.7% |
| Amounts receivable within one year | 40/41 | €59,735 | €14,213 | -€45,522 | -76.2% |
| Trade receivables | 40 | €59,735 | €14,213 | -€45,522 | -76.2% |
| Cash at bank and in hand | 54/58 | €593 | €2,876 | +€2,284 | +385% |
| Total equity and liabilities | 10/49 | €60,328 | €17,089 | -€43,238 | -71.7% |
| Equity | 10/15 | €19,047 | -€20,278 | -€39,325 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,047 | - | -€16,047 | |
| Distributable reserves | 133 | €16,047 | - | -€16,047 | |
| Profit (loss) carried forward | 14 | - | -€23,278 | -€23,278 | |
| Amounts payable | 17/49 | €41,281 | €37,368 | -€3,913 | -9.5% |
| Amounts payable within one year | 42/48 | €41,281 | €37,368 | -€3,913 | -9.5% |
| Trade debts | 44 | €30,162 | €27,477 | -€2,685 | -8.9% |
| Suppliers | 440/4 | €30,162 | €27,477 | -€2,685 | -8.9% |
| Advances received on contracts in progress | 46 | - | €4,235 | +€4,235 | |
| Taxes, remuneration and social security | 45 | €11,119 | €5,656 | -€5,463 | -49.1% |
| Taxes | 450/3 | €6,141 | €5,656 | -€485 | -7.9% |
| Remuneration and social security | 454/9 | €4,977 | - | -€4,977 | |
| Other operating charges | 640/8 | €1,071 | €762 | -€309 | -28.8% |
| Gross operating margin | 9900 | €21,343 | -€38,196 | -€59,538 | |
| Operating profit (loss) | 9901 | €20,271 | -€38,958 | -€59,230 | |
| Financial charges | 65/66B | €54 | €250 | +€196 | +362% |
| Recurring financial charges | 65 | €54 | €250 | +€196 | +362% |
| Profit (loss) for the period before taxes | 9903 | €20,217 | -€39,208 | -€59,425 | |
| Income taxes | 67/77 | €4,170 | €117 | -€4,053 | -97.2% |
| Profit (loss) for the period | 9904 | €16,047 | -€39,325 | -€55,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,047 | -€39,325 | -€55,373 |
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.