HH Global Belgium: what changed
What changed
HH Global Belgium
NACE 17.250, Manufacture of paper and paper products
filed annual accounts (NBB)
Net result for the year
-€59,933
2023 · -€37,873-€22,059
Equity
-€658,450
2023 · -€598,517-€59,933
Cash
€94,343
2023 · €10,000+€84,343
Balance sheet total
€1.1m
2023 · €44,726+€1.0m
Largest movements
Assets
- Receivables within one year +€519,734
up €519,734 (+3,077%), from €16,891 to €536,625
of which Trade receivables: +€405,109
- Intangible fixed assets +€396,163
new in 2024: €396,163
- Cash +€84,343
up €84,343 (+843%), from €10,000 to €94,343
mainly Other debts (+€760,555) and Tax, wage and social debts (+€349,057)
- Tangible fixed assets +€39,841
new in 2024: €39,841
Equity and liabilities
- Other debts +€760,555
up €760,555 (+134%), from €568,408 to €1.3m
- Tax, wage and social debts +€349,057
new in 2024: €349,057
of which Remuneration and social security: +€303,653
- Profit (loss) carried forward -€59,933
down €59,933 (-8.8%), from -€678,517 to -€738,450
- Trade debts -€58,190
down €58,190 (-77.8%), from €74,835 to €16,645
- Accrued charges and deferred income +€51,669
up €51,669, from €0 to €51,669
Income statement
- Turnover +€1.7m
new in 2024: €1.7m
- Staff costs +€1.4m
new in 2024: €1.4m
- Depreciation +€102,395
new in 2024: €102,395
- Services and other goods +€95,411
up €95,411 (+212%), from €45,064 to €140,475
- Financial charges +€70,780
up €70,780 (+3,284%), from €2,155 to €72,934
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€37,873
Turnover
+€1.7m
Services and other goods
-€95,411
Staff costs
-€1.4m
Depreciation
-€102,395
Other operating charges
-€40
Other operating items
-€5,952
Financial income
-€3,389
Financial charges
-€70,780
Taxes
-€545
Result 2024
-€59,933
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€622,741
Investment
-€538,399
Financing
€0
Cash 2023
€10,000
From operations (derived)
+€622,741
Net result for the year
-€59,933
Depreciation
+€102,395
Receivables within one year
-€519,734
Deferred charges and accrued income
-€3,078
Trade debts
-€58,190
Tax, wage and social debts
+€349,057
Other debts
+€760,555
Accrued charges and deferred income
+€51,669
Investment (derived)
-€538,399
Investment in fixed assets (net)
-€538,399
Cash 2024
€94,343
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,726 | €1,087,884 | +€1.0m | +2,332% |
| Fixed assets | 21/28 | €17,835 | €453,839 | +€436,004 | +2,445% |
| Intangible fixed assets | 21 | - | €396,163 | +€396,163 | |
| Tangible fixed assets | 22/27 | - | €39,841 | +€39,841 | |
| Plant, machinery and equipment | 23 | - | €39,841 | +€39,841 | |
| Financial fixed assets | 28 | €17,835 | €17,835 | = | 0.0% |
| Other financial fixed assets | 284/8 | €17,835 | €17,835 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €17,835 | €17,835 | = | 0.0% |
| Current assets | 29/58 | €26,891 | €634,045 | +€607,154 | +2,258% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €16,891 | €536,625 | +€519,734 | +3,077% |
| Trade receivables | 40 | - | €405,109 | +€405,109 | |
| Other amounts receivable | 41 | €16,891 | €131,515 | +€114,624 | +679% |
| Cash at bank and in hand | 54/58 | €10,000 | €94,343 | +€84,343 | +843% |
| Deferred charges and accrued income | 490/1 | - | €3,078 | +€3,078 | |
| Total equity and liabilities | 10/49 | €44,726 | €1,087,884 | +€1.0m | +2,332% |
| Equity | 10/15 | -€598,517 | -€658,450 | -€59,933 | -10.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€678,517 | -€738,450 | -€59,933 | -8.8% |
| Amounts payable | 17/49 | €643,243 | €1,746,334 | +€1.1m | +171% |
| Amounts payable within one year | 42/48 | €643,243 | €1,694,665 | +€1.1m | +163% |
| Trade debts | 44 | €74,835 | €16,645 | -€58,190 | -77.8% |
| Suppliers | 440/4 | €74,835 | €16,645 | -€58,190 | -77.8% |
| Taxes, remuneration and social security | 45 | - | €349,057 | +€349,057 | |
| Taxes | 450/3 | - | €45,403 | +€45,403 | |
| Remuneration and social security | 454/9 | - | €303,653 | +€303,653 | |
| Other amounts payable | 47/48 | €568,408 | €1,328,963 | +€760,555 | +134% |
| Accrued charges and deferred income | 492/3 | €0 | €51,669 | +€51,669 | |
| Operating income | 70/76A | €5,952 | €1,702,894 | +€1.7m | +28,511% |
| Turnover | 70 | - | €1,702,894 | +€1.7m | |
| Other operating income | 74 | €0 | - | = | |
| Non-recurring operating income | 76A | €5,952 | €0 | -€5,952 | -100% |
| Operating charges | 60/66A | €45,064 | €1,689,352 | +€1.6m | +3,649% |
| Services and other goods | 61 | €45,064 | €140,475 | +€95,411 | +212% |
| Remuneration, social security and pensions | 62 | - | €1,446,443 | +€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €102,395 | +€102,395 | |
| Other operating charges | 640/8 | €0 | €40 | +€40 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | -€39,112 | €13,542 | +€52,654 | |
| Financial income | 75/76B | €3,394 | €5 | -€3,389 | -99.9% |
| Recurring financial income | 75 | €3,394 | €5 | -€3,389 | -99.9% |
| Other financial income | 752/9 | €3,394 | €5 | -€3,389 | -99.9% |
| Financial charges | 65/66B | €2,155 | €72,934 | +€70,780 | +3,284% |
| Recurring financial charges | 65 | €2,155 | €72,934 | +€70,780 | +3,284% |
| Debt charges | 650 | €17 | €67,099 | +€67,082 | +395,531% |
| Other financial charges | 652/9 | €2,138 | €5,835 | +€3,697 | +173% |
| Profit (loss) for the period before taxes | 9903 | -€37,873 | -€59,388 | -€21,514 | -56.8% |
| Income taxes | 67/77 | - | €545 | +€545 | |
| Taxes | 670/3 | - | €545 | +€545 | |
| Profit (loss) for the period | 9904 | -€37,873 | -€59,933 | -€22,059 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,873 | -€59,933 | -€22,059 | -58.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.