HGB Poolco I: 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.
HGB Poolco I
Largest movements
- Financial fixed assets -€968,968
down €968,968 (-13.8%), from €7.0m to €6.0m
- Contributions -€1.5m
down €1.5m (-22.0%), from €7.0m to €5.5m
- Reserves +€561,120
new in 2025: €561,120
- Financial income +€573,557
new in 2025: €573,557
of which Financial income: +€573,557
- Gross operating margin -€3,673
new in 2025: -€3,673
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 | €6,997,550 | €6,028,607 | -€968,943 | -13.8% |
| Fixed assets | 21/28 | €6,997,500 | €6,028,532 | -€968,968 | -13.8% |
| Financial fixed assets | 28 | €6,997,500 | €6,028,532 | -€968,968 | -13.8% |
| Current assets | 29/58 | €50 | €74 | +€25 | +49.5% |
| Amounts receivable within one year | 40/41 | €1 | €1 | = | 0.0% |
| Other amounts receivable | 41 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49 | €73 | +€25 | +50.5% |
| Total equity and liabilities | 10/49 | €6,997,550 | €6,028,607 | -€968,943 | -13.8% |
| Equity | 10/15 | €6,989,906 | €6,016,096 | -€973,809 | -13.9% |
| Contributions | 10/11 | €6,997,501 | €5,454,976 | -€1.5m | -22.0% |
| Reserves | 13 | - | €561,120 | +€561,120 | |
| Distributable reserves | 133 | - | €561,120 | +€561,120 | |
| Profit (loss) carried forward | 14 | -€7,595 | €0 | +€7,595 | |
| Amounts payable | 17/49 | €7,644 | €12,510 | +€4,866 | +63.7% |
| Amounts payable within one year | 42/48 | €7,644 | €12,510 | +€4,866 | +63.7% |
| Trade debts | 44 | €968 | €0 | -€968 | -100% |
| Suppliers | 440/4 | €968 | €0 | -€968 | -100% |
| Other amounts payable | 47/48 | €6,677 | €12,510 | +€5,834 | +87.4% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | - | -€3,673 | -€3,673 | |
| Operating profit (loss) | 9901 | -€1,086 | -€4,791 | -€3,706 | -341% |
| Financial income | 75/76B | - | €573,557 | +€573,557 | |
| Recurring financial income | 75 | - | €573,557 | +€573,557 | |
| Non-recurring financial income | 76B | - | €573,557 | +€573,557 | |
| Financial charges | 65/66B | €42 | €50 | +€8 | +19.1% |
| Recurring financial charges | 65 | €42 | €50 | +€8 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,128 | €568,716 | +€569,844 | |
| Profit (loss) for the period | 9904 | -€1,128 | €568,716 | +€569,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,128 | €568,716 | +€569,844 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.