HI SERV: 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.
HI SERV
Largest movements
- Receivables within one year -€20,800
down €20,800 (-12.6%), from €165,408 to €144,609
of which Trade receivables: -€16,978
- Tangible fixed assets -€8,789
down €8,789 (-67.3%), from €13,056 to €4,267
of which Land and buildings: -€5,690
- Cash -€7,814
down €7,814 (-52.1%), from €14,999 to €7,185
mainly Advances received (-€42,330) and Other debts (-€4,866)
- Advances received -€42,330
no longer reported in 2023 (was €42,330)
- Trade debts +€8,167
up €8,167 (+6.6%), from €123,908 to €132,075
- Other debts -€4,866
down €4,866 (-36.6%), from €13,280 to €8,414
- Financial charges +€881
up €881 (+58.0%), from €1,518 to €2,399
- Gross operating margin +€842
up €842 (+13.0%), from €6,484 to €7,326
- Other operating charges +€458
up €458 (+45.8%), from €1,001 to €1,459
- Taxes -€232
down €232 (-83.6%), from €278 to €46
- Depreciation -€84
down €84 (-2.4%), from €3,432 to €3,348
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,016 | €156,060 | -€37,956 | -19.6% |
| Formation expenses | 20 | €249 | - | -€249 | |
| Fixed assets | 21/28 | €13,056 | €4,267 | -€8,789 | -67.3% |
| Tangible fixed assets | 22/27 | €13,056 | €4,267 | -€8,789 | -67.3% |
| Land and buildings | 22 | €5,690 | - | -€5,690 | |
| Plant, machinery and equipment | 23 | €3,871 | €1,823 | -€2,047 | -52.9% |
| Furniture and vehicles | 24 | €3,495 | €2,444 | -€1,052 | -30.1% |
| Current assets | 29/58 | €180,711 | €151,793 | -€28,918 | -16.0% |
| Amounts receivable within one year | 40/41 | €165,408 | €144,609 | -€20,800 | -12.6% |
| Trade receivables | 40 | €159,611 | €142,633 | -€16,978 | -10.6% |
| Other amounts receivable | 41 | €5,797 | €1,975 | -€3,822 | -65.9% |
| Cash at bank and in hand | 54/58 | €14,999 | €7,185 | -€7,814 | -52.1% |
| Deferred charges and accrued income | 490/1 | €304 | - | -€304 | |
| Total equity and liabilities | 10/49 | €194,016 | €156,060 | -€37,956 | -19.6% |
| Equity | 10/15 | €11,963 | €12,037 | +€74 | +0.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €800 | €800 | = | 0.0% |
| Distributable reserves | 133 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,663 | €7,737 | +€74 | +1.0% |
| Amounts payable | 17/49 | €182,053 | €144,023 | -€38,030 | -20.9% |
| Amounts payable within one year | 42/48 | €182,053 | €144,023 | -€38,030 | -20.9% |
| Trade debts | 44 | €123,908 | €132,075 | +€8,167 | +6.6% |
| Suppliers | 440/4 | €123,908 | €132,075 | +€8,167 | +6.6% |
| Advances received on contracts in progress | 46 | €42,330 | - | -€42,330 | |
| Taxes, remuneration and social security | 45 | €2,535 | €3,534 | +€999 | +39.4% |
| Taxes | 450/3 | €2,535 | €3,534 | +€999 | +39.4% |
| Other amounts payable | 47/48 | €13,280 | €8,414 | -€4,866 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,432 | €3,348 | -€84 | -2.4% |
| Other operating charges | 640/8 | €1,001 | €1,459 | +€458 | +45.8% |
| Gross operating margin | 9900 | €6,484 | €7,326 | +€842 | +13.0% |
| Operating profit (loss) | 9901 | €2,051 | €2,519 | +€468 | +22.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,518 | €2,399 | +€881 | +58.0% |
| Recurring financial charges | 65 | €1,518 | €2,399 | +€881 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €532 | €120 | -€412 | -77.5% |
| Income taxes | 67/77 | €278 | €46 | -€232 | -83.6% |
| Profit (loss) for the period | 9904 | €255 | €74 | -€180 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €255 | €74 | -€180 | -70.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.