HGENCY: what changed
Two fiscal 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.
HGENCY
Largest movements
- Cash +€26,948
up €26,948 (+135.4%), from €19,900 to €46,848
mainly Net result for the year (+€28,593) and Receivables within one year (+€3,554)
- Receivables within one year -€3,554
down €3,554 (-25.4%), from €13,996 to €10,442
- Profit (loss) carried forward +€28,593
up €28,593 (+232.6%), from €12,291 to €40,884
- Tax, wage and social debts -€2,657
down €2,657 (-20.5%), from €12,977 to €10,319
of which Taxes: -€1,738
- Other debts -€2,054
down €2,054 (-63.6%), from €3,232 to €1,178
- Gross operating margin +€20,477
up €20,477 (+126.6%), from €16,174 to €36,651
- Taxes +€3,879
up €3,879 (+100.3%), from €3,867 to €7,746
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.
Cash bridge derived
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 | €33,896 | €57,291 | +€23,395 | +69.0% |
| Current assets | 29/58 | €33,896 | €57,291 | +€23,395 | +69.0% |
| Amounts receivable within one year | 40/41 | €13,996 | €10,442 | -€3,554 | -25.4% |
| Trade receivables | 40 | €13,996 | €10,442 | -€3,554 | -25.4% |
| Cash at bank and in hand | 54/58 | €19,900 | €46,848 | +€26,948 | +135.4% |
| Total equity and liabilities | 10/49 | €33,896 | €57,291 | +€23,395 | +69.0% |
| Equity | 10/15 | €14,291 | €42,884 | +€28,593 | +200.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,291 | €40,884 | +€28,593 | +232.6% |
| Amounts payable | 17/49 | €19,605 | €14,407 | -€5,198 | -26.5% |
| Amounts payable within one year | 42/48 | €19,605 | €14,407 | -€5,198 | -26.5% |
| Trade debts | 44 | €3,395 | €2,909 | -€486 | -14.3% |
| Suppliers | 440/4 | €3,395 | €2,909 | -€486 | -14.3% |
| Taxes, remuneration and social security | 45 | €12,977 | €10,319 | -€2,657 | -20.5% |
| Taxes | 450/3 | €6,735 | €4,997 | -€1,738 | -25.8% |
| Remuneration and social security | 454/9 | €6,241 | €5,322 | -€919 | -14.7% |
| Other amounts payable | 47/48 | €3,232 | €1,178 | -€2,054 | -63.6% |
| Other operating charges | 640/8 | - | €311 | +€311 | |
| Gross operating margin | 9900 | €16,174 | €36,651 | +€20,477 | +126.6% |
| Operating profit (loss) | 9901 | €16,174 | €36,340 | +€20,166 | +124.7% |
| Financial charges | 65/66B | €15 | €2 | -€13 | -89.7% |
| Recurring financial charges | 65 | €15 | €2 | -€13 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | €16,159 | €36,338 | +€20,180 | +124.9% |
| Income taxes | 67/77 | €3,867 | €7,746 | +€3,879 | +100.3% |
| Profit (loss) for the period | 9904 | €12,291 | €28,593 | +€16,301 | +132.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,291 | €28,593 | +€16,301 | +132.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.