HHM: 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.
HHM
Largest movements
- Cash -€26,034
down €26,034 (-49.8%), from €52,325 to €26,290
mainly Provisions (-€185,200) and Receivables within one year (-€17,680)
- Receivables within one year +€17,680
up €17,680 (+85.9%), from €20,584 to €38,264
of which Trade receivables: +€14,107
- Provisions -€185,200
no longer reported in 2025 (was €185,200)
- Profit (loss) carried forward +€121,821
no longer reported in 2025 (was -€121,821)
- Tax, wage and social debts +€28,423
up €28,423 (+503.8%), from €5,642 to €34,065
- Reserves +€21,166
up €21,166 (+178.5%), from €11,855 to €33,021
of which Distributable reserves: +€21,166
- Other debts +€5,779
up €5,779 (+25.3%), from €22,805 to €28,584
- Gross operating margin +€147,417
up €147,417 (+1377.3%), from €10,703 to €158,120
- Write-downs +€78,377
no longer reported in 2025 (was -€78,377)
- Taxes +€31,943
up €31,943 (+11334.2%), from €282 to €32,225
- Financial income +€25,000
up €25,000 (+249999900.0%), from €0 to €25,000
of which Non-recurring financial income: +€25,000
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 | €177,662 | €170,856 | -€6,805 | -3.8% |
| Fixed assets | 21/28 | €27,240 | €28,913 | +€1,672 | +6.1% |
| Tangible fixed assets | 22/27 | €18,185 | €19,857 | +€1,672 | +9.2% |
| Plant, machinery and equipment | 23 | €598 | €442 | -€156 | -26.0% |
| Furniture and vehicles | 24 | €17,586 | €19,415 | +€1,828 | +10.4% |
| Financial fixed assets | 28 | €9,056 | €9,056 | = | 0.0% |
| Current assets | 29/58 | €150,421 | €141,944 | -€8,478 | -5.6% |
| Amounts receivable after more than one year | 29 | €76,988 | €76,678 | -€310 | -0.4% |
| Other amounts receivable | 291 | €76,988 | €76,678 | -€310 | -0.4% |
| Amounts receivable within one year | 40/41 | €20,584 | €38,264 | +€17,680 | +85.9% |
| Trade receivables | 40 | €11,672 | €25,779 | +€14,107 | +120.9% |
| Other amounts receivable | 41 | €8,912 | €12,485 | +€3,573 | +40.1% |
| Cash at bank and in hand | 54/58 | €52,325 | €26,290 | -€26,034 | -49.8% |
| Deferred charges and accrued income | 490/1 | €524 | €711 | +€187 | +35.6% |
| Total equity and liabilities | 10/49 | €177,662 | €170,856 | -€6,805 | -3.8% |
| Equity | 10/15 | -€103,766 | €39,221 | +€142,987 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,855 | €33,021 | +€21,166 | +178.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €31,166 | +€21,166 | +211.7% |
| Profit (loss) carried forward | 14 | -€121,821 | - | +€121,821 | |
| Provisions and deferred taxes | 16 | €185,200 | - | -€185,200 | |
| Provisions for liabilities and charges | 160/5 | €185,200 | - | -€185,200 | |
| Pensions and similar obligations | 160 | €185,200 | - | -€185,200 | |
| Amounts payable | 17/49 | €96,227 | €131,635 | +€35,408 | +36.8% |
| Amounts payable after more than one year | 17 | €50,741 | €50,741 | = | 0.0% |
| Financial debts | 170/4 | €50,741 | €50,741 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,476 | €80,895 | +€35,418 | +77.9% |
| Trade debts | 44 | €17,030 | €18,246 | +€1,216 | +7.1% |
| Suppliers | 440/4 | €17,030 | €18,246 | +€1,216 | +7.1% |
| Taxes, remuneration and social security | 45 | €5,642 | €34,065 | +€28,423 | +503.8% |
| Taxes | 450/3 | €5,642 | €34,065 | +€28,423 | +503.8% |
| Other amounts payable | 47/48 | €22,805 | €28,584 | +€5,779 | +25.3% |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Non-recurring operating income | 76A | - | €185,200 | +€185,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,938 | €5,640 | +€702 | +14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€78,377 | - | +€78,377 | |
| Other operating charges | 640/8 | €863 | €755 | -€108 | -12.5% |
| Non-recurring operating charges | 66A | €78,377 | €336 | -€78,041 | -99.6% |
| Gross operating margin | 9900 | €10,703 | €158,120 | +€147,417 | +1377.3% |
| Operating profit (loss) | 9901 | €4,902 | €151,389 | +€146,487 | +2988.3% |
| Financial income | 75/76B | €0 | €25,000 | +€25,000 | +249999900.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Non-recurring financial income | 76B | - | €25,000 | +€25,000 | |
| Financial charges | 65/66B | €237 | €1,177 | +€940 | +396.9% |
| Recurring financial charges | 65 | €237 | €1,177 | +€940 | +396.9% |
| Profit (loss) for the period before taxes | 9903 | €4,665 | €175,212 | +€170,546 | +3655.7% |
| Income taxes | 67/77 | €282 | €32,225 | +€31,943 | +11334.2% |
| Profit (loss) for the period | 9904 | €4,383 | €142,987 | +€138,603 | +3162.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,383 | €142,987 | +€138,603 | +3162.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.