Hg3: 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.
What changed
Hg3
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€343,232
2024 · €341,840+€1,392
Equity
€1.7m
2024 · €1.3m+€343,232
Cash
€421,586
2024 · €338,848+€82,738
Balance sheet total
€5.8m
2024 · €5.3m+€504,290
Largest movements
Assets
- Receivables within one year +€597,099
up €597,099 (+14.5%), from €4.1m to €4.7m
of which Trade receivables: +€474,690
- Tangible fixed assets -€177,853
down €177,853 (-42.2%), from €420,988 to €243,136
of which Assets under construction and advance payments: -€186,316
- Intangible fixed assets +€96,112
up €96,112 (+60.7%), from €158,384 to €254,496
- Cash +€82,738
up €82,738 (+24.4%), from €338,848 to €421,586
mainly Trade debts (+€629,203) and Net result for the year (+€343,232)
Equity and liabilities
- Trade debts +€629,203
up €629,203 (+19.9%), from €3.2m to €3.8m
- Profit (loss) carried forward +€343,232
up €343,232 (+26.4%), from €1.3m to €1.6m
- Accrued charges and deferred income -€276,004
down €276,004 (-62.3%), from €442,761 to €166,757
- Tax, wage and social debts -€192,806
down €192,806 (-53.7%), from €358,920 to €166,114
of which Remuneration and social security: -€115,958
Income statement
- Goods and materials +€588,246
up €588,246 (+5.5%), from €10.6m to €11.2m
of which Purchases: +€642,682
- Services and other goods -€358,974
down €358,974 (-17.2%), from €2.1m to €1.7m
- Staff costs -€317,419
down €317,419 (-11.4%), from €2.8m to €2.5m
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.
Result 2024
€341,840
Turnover
+€46,942
Other operating income
-€12,112
Goods and materials
-€588,246
Services and other goods
+€358,974
Staff costs
+€317,419
Depreciation
-€101,057
Write-downs
-€25,501
Other operating charges
+€294
Financial income
+€1,845
Financial charges
-€4,481
Taxes
+€7,314
Result 2025
€343,232
raises the resultlowers the result
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.
From operations
+€195,922
Investment
-€113,183
Financing
-€0
Cash 2024
€338,848
From operations (derived)
+€195,922
Net result for the year
+€343,232
Depreciation
+€192,524
Stocks and contracts
+€57,458
Receivables within one year
-€597,099
Deferred charges and accrued income
+€38,748
Trade debts
+€629,203
Tax, wage and social debts
-€192,806
Other debts
+€665
Accrued charges and deferred income
-€276,004
Investment (derived)
-€113,183
Investment in fixed assets (net)
-€113,183
Financing
-€0
Contributions, distributions and other
-€0
Cash 2025
€421,586
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,291,053 | €5,795,343 | +€504,290 | +9.5% |
| Fixed assets | 21/28 | €616,833 | €537,492 | -€79,341 | -12.9% |
| Intangible fixed assets | 21 | €158,384 | €254,496 | +€96,112 | +60.7% |
| Tangible fixed assets | 22/27 | €420,988 | €243,136 | -€177,853 | -42.2% |
| Plant, machinery and equipment | 23 | €62,725 | €70,324 | +€7,599 | +12.1% |
| Furniture and vehicles | 24 | €19,734 | €32,066 | +€12,332 | +62.5% |
| Other tangible fixed assets | 26 | €97,049 | €85,581 | -€11,468 | -11.8% |
| Assets under construction and advance payments | 27 | €241,480 | €55,164 | -€186,316 | -77.2% |
| Financial fixed assets | 28 | €37,461 | €39,861 | +€2,400 | +6.4% |
| Affiliated companies | 280/1 | €30,000 | €30,000 | = | 0.0% |
| Participating interests | 280 | €30,000 | €30,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,461 | €9,861 | +€2,400 | +32.2% |
| Amounts receivable and cash guarantees | 285/8 | €7,461 | €9,861 | +€2,400 | +32.2% |
| Current assets | 29/58 | €4,674,220 | €5,257,851 | +€583,631 | +12.5% |
| Stocks and contracts in progress | 3 | €151,722 | €94,264 | -€57,458 | -37.9% |
| Stocks | 30/36 | €151,722 | €94,264 | -€57,458 | -37.9% |
| Goods purchased for resale | 34 | €151,722 | €94,264 | -€57,458 | -37.9% |
| Amounts receivable within one year | 40/41 | €4,114,245 | €4,711,344 | +€597,099 | +14.5% |
| Trade receivables | 40 | €3,190,227 | €3,664,917 | +€474,690 | +14.9% |
| Other amounts receivable | 41 | €924,018 | €1,046,428 | +€122,410 | +13.2% |
| Cash at bank and in hand | 54/58 | €338,848 | €421,586 | +€82,738 | +24.4% |
| Deferred charges and accrued income | 490/1 | €69,405 | €30,657 | -€38,748 | -55.8% |
| Total equity and liabilities | 10/49 | €5,291,053 | €5,795,343 | +€504,290 | +9.5% |
| Equity | 10/15 | €1,329,111 | €1,672,343 | +€343,232 | +25.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,299,111 | €1,642,343 | +€343,232 | +26.4% |
| Amounts payable | 17/49 | €3,961,942 | €4,123,000 | +€161,058 | +4.1% |
| Amounts payable within one year | 42/48 | €3,519,181 | €3,956,243 | +€437,062 | +12.4% |
| Trade debts | 44 | €3,160,167 | €3,789,370 | +€629,203 | +19.9% |
| Suppliers | 440/4 | €3,160,167 | €3,789,370 | +€629,203 | +19.9% |
| Taxes, remuneration and social security | 45 | €358,920 | €166,114 | -€192,806 | -53.7% |
| Taxes | 450/3 | €110,535 | €33,688 | -€76,847 | -69.5% |
| Remuneration and social security | 454/9 | €248,385 | €132,427 | -€115,958 | -46.7% |
| Other amounts payable | 47/48 | €94 | €759 | +€665 | +707% |
| Accrued charges and deferred income | 492/3 | €442,761 | €166,757 | -€276,004 | -62.3% |
| Operating income | 70/76A | €16,117,893 | €16,152,723 | +€34,830 | +0.2% |
| Turnover | 70 | €16,086,111 | €16,133,053 | +€46,942 | +0.3% |
| Other operating income | 74 | €31,782 | €19,670 | -€12,112 | -38.1% |
| Operating charges | 60/66A | €15,599,484 | €15,637,601 | +€38,117 | +0.2% |
| Goods for resale, raw materials and consumables | 60 | €10,618,963 | €11,207,209 | +€588,246 | +5.5% |
| Purchases | 600/8 | €10,532,570 | €11,175,252 | +€642,682 | +6.1% |
| Change in stocks: decrease (increase) | 609 | €86,393 | €31,957 | -€54,436 | -63.0% |
| Services and other goods | 61 | €2,085,155 | €1,726,181 | -€358,974 | -17.2% |
| Remuneration, social security and pensions | 62 | €2,780,108 | €2,462,689 | -€317,419 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,467 | €192,524 | +€101,057 | +110% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,501 | +€25,501 | |
| Other operating charges | 640/8 | €23,791 | €23,497 | -€294 | -1.2% |
| Operating profit (loss) | 9901 | €518,409 | €515,122 | -€3,287 | -0.6% |
| Financial income | 75/76B | €25,189 | €27,034 | +€1,845 | +7.3% |
| Recurring financial income | 75 | €25,189 | €27,034 | +€1,845 | +7.3% |
| Other financial income | 752/9 | €25,189 | €27,034 | +€1,845 | +7.3% |
| Financial charges | 65/66B | €49,485 | €53,966 | +€4,481 | +9.1% |
| Recurring financial charges | 65 | €49,485 | €53,966 | +€4,481 | +9.1% |
| Debt charges | 650 | €20,668 | €15,967 | -€4,701 | -22.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €1,696 | +€1,696 | |
| Other financial charges | 652/9 | €28,817 | €36,303 | +€7,486 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €494,113 | €488,191 | -€5,922 | -1.2% |
| Income taxes | 67/77 | €152,273 | €144,959 | -€7,314 | -4.8% |
| Taxes | 670/3 | €152,273 | €144,959 | -€7,314 | -4.8% |
| Profit (loss) for the period | 9904 | €341,840 | €343,232 | +€1,392 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €341,840 | €343,232 | +€1,392 | +0.4% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.