HGR Technics: 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.
HGR Technics
Largest movements
- Tangible fixed assets -€11,856
down €11,856 (-30.9%), from €38,381 to €26,525
of which Furniture and vehicles: -€8,730
- Receivables within one year +€9,036
up €9,036 (+129.4%), from €6,982 to €16,019
of which Trade receivables: +€5,413
- Cash +€8,803
up €8,803 (+39.5%), from €22,272 to €31,075
mainly Depreciation (+€11,856) and Net result for the year (+€7,014)
- Stocks and contracts -€6,500
no longer reported in 2025 (was €6,500)
- Deferred charges and accrued income -€1,648
down €1,648 (-82.5%), from €1,998 to €350
- Reserves +€7,014
up €7,014 (+129.6%), from €5,413 to €12,427
- Debts after one year -€6,598
down €6,598 (-29.2%), from €22,614 to €16,016
- Trade debts -€5,146
down €5,146 (-55.9%), from €9,214 to €4,068
- Other debts +€1,295
up €1,295 (+5.0%), from €25,989 to €27,284
- Accrued charges and deferred income +€828
up €828 (+78.3%), from €1,058 to €1,886
- Depreciation -€1,582
down €1,582 (-11.8%), from €13,438 to €11,856
- Other operating charges -€1,191
down €1,191 (-51.7%), from €2,306 to €1,114
- Taxes +€851
up €851 (+36.2%), from €2,351 to €3,202
- Financial charges +€308
up €308 (+7.6%), from €4,076 to €4,384
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 | €76,139 | €73,969 | -€2,170 | -2.9% |
| Formation expenses | 20 | €6 | - | -€6 | |
| Fixed assets | 21/28 | €38,381 | €26,525 | -€11,856 | -30.9% |
| Tangible fixed assets | 22/27 | €38,381 | €26,525 | -€11,856 | -30.9% |
| Land and buildings | 22 | €3,949 | €1,304 | -€2,645 | -67.0% |
| Furniture and vehicles | 24 | €33,648 | €24,918 | -€8,730 | -25.9% |
| Other tangible fixed assets | 26 | €784 | €303 | -€481 | -61.3% |
| Current assets | 29/58 | €37,752 | €47,443 | +€9,691 | +25.7% |
| Stocks and contracts in progress | 3 | €6,500 | - | -€6,500 | |
| Stocks | 30/36 | €6,500 | - | -€6,500 | |
| Amounts receivable within one year | 40/41 | €6,982 | €16,019 | +€9,036 | +129.4% |
| Trade receivables | 40 | €145 | €5,558 | +€5,413 | +3733.6% |
| Other amounts receivable | 41 | €6,837 | €10,460 | +€3,623 | +53.0% |
| Cash at bank and in hand | 54/58 | €22,272 | €31,075 | +€8,803 | +39.5% |
| Deferred charges and accrued income | 490/1 | €1,998 | €350 | -€1,648 | -82.5% |
| Total equity and liabilities | 10/49 | €76,139 | €73,969 | -€2,170 | -2.9% |
| Equity | 10/15 | €10,413 | €17,427 | +€7,014 | +67.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,413 | €12,427 | +€7,014 | +129.6% |
| Distributable reserves | 133 | €5,413 | €12,427 | +€7,014 | +129.6% |
| Amounts payable | 17/49 | €65,726 | €56,542 | -€9,184 | -14.0% |
| Amounts payable after more than one year | 17 | €22,614 | €16,016 | -€6,598 | -29.2% |
| Financial debts | 170/4 | €22,614 | €16,016 | -€6,598 | -29.2% |
| Amounts payable within one year | 42/48 | €42,054 | €38,640 | -€3,414 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €6,852 | €6,598 | -€253 | -3.7% |
| Trade debts | 44 | €9,214 | €4,068 | -€5,146 | -55.9% |
| Suppliers | 440/4 | €9,214 | €4,068 | -€5,146 | -55.9% |
| Taxes, remuneration and social security | 45 | - | €690 | +€690 | |
| Taxes | 450/3 | - | €690 | +€690 | |
| Other amounts payable | 47/48 | €25,989 | €27,284 | +€1,295 | +5.0% |
| Accrued charges and deferred income | 492/3 | €1,058 | €1,886 | +€828 | +78.3% |
| Non-recurring operating income | 76A | €5,785 | - | -€5,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,438 | €11,856 | -€1,582 | -11.8% |
| Other operating charges | 640/8 | €2,306 | €1,114 | -€1,191 | -51.7% |
| Gross operating margin | 9900 | €27,562 | €27,563 | +€0 | 0.0% |
| Operating profit (loss) | 9901 | €11,819 | €14,593 | +€2,773 | +23.5% |
| Financial income | 75/76B | €21 | €7 | -€14 | -67.3% |
| Recurring financial income | 75 | €21 | €7 | -€14 | -67.3% |
| Financial charges | 65/66B | €4,076 | €4,384 | +€308 | +7.6% |
| Recurring financial charges | 65 | €4,076 | €4,384 | +€308 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €7,764 | €10,215 | +€2,451 | +31.6% |
| Income taxes | 67/77 | €2,351 | €3,202 | +€851 | +36.2% |
| Profit (loss) for the period | 9904 | €5,413 | €7,014 | +€1,600 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,413 | €7,014 | +€1,600 | +29.6% |
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 8 October 2026 via checked.be.