HJBP: what changed
Two financial 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.
HJBP
Largest movements
- Receivables within one year +€253,402
up €253,402 (+129%), from €196,516 to €449,919
of which Other amounts receivable: +€244,239
- Cash -€112,848
down €112,848 (-85.2%), from €132,378 to €19,530
mainly Receivables within one year (-€253,402) and Accrued charges and deferred income (-€505)
- Trade debts +€63,991
up €63,991 (+117%), from €54,908 to €118,899
- Debts after one year +€44,168
up €44,168 (+2.6%), from €1.7m to €1.7m
- Services and other goods +€60,375
up €60,375 (+24.5%), from €246,834 to €307,209
- Turnover -€34,470
down €34,470 (-7.8%), from €441,771 to €407,302
- Other operating charges -€13,930
down €13,930 (-71.3%), from €19,536 to €5,606
- Taxes -€6,069
down €6,069 (-14.4%), from €42,264 to €36,196
- Other operating income +€4,571
up €4,571 (+115%), from €3,966 to €8,537
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.
Derived cash bridge
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 | €1,974,885 | €2,110,024 | +€135,139 | +6.8% |
| Fixed assets | 21/28 | €1,642,151 | €1,638,799 | -€3,353 | -0.2% |
| Tangible fixed assets | 22/27 | €15,041 | €11,689 | -€3,353 | -22.3% |
| Plant, machinery and equipment | 23 | €8,050 | €6,279 | -€1,771 | -22.0% |
| Furniture and vehicles | 24 | €6,992 | €5,410 | -€1,582 | -22.6% |
| Financial fixed assets | 28 | €1,627,110 | €1,627,110 | = | 0.0% |
| Affiliated companies | 280/1 | €1,627,110 | €1,627,110 | = | 0.0% |
| Participating interests | 280 | €1,627,110 | €1,627,110 | = | 0.0% |
| Current assets | 29/58 | €332,734 | €471,225 | +€138,491 | +41.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €196,516 | €449,919 | +€253,402 | +129% |
| Trade receivables | 40 | €196,516 | €205,679 | +€9,163 | +4.7% |
| Other amounts receivable | 41 | - | €244,239 | +€244,239 | |
| Cash at bank and in hand | 54/58 | €132,378 | €19,530 | -€112,848 | -85.2% |
| Deferred charges and accrued income | 490/1 | €3,839 | €1,777 | -€2,063 | -53.7% |
| Total equity and liabilities | 10/49 | €1,974,885 | €2,110,024 | +€135,139 | +6.8% |
| Equity | 10/15 | €161,971 | €181,079 | +€19,108 | +11.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €156,971 | €176,079 | +€19,108 | +12.2% |
| Distributable reserves | 133 | €156,971 | €176,079 | +€19,108 | +12.2% |
| Amounts payable | 17/49 | €1,812,914 | €1,928,945 | +€116,030 | +6.4% |
| Amounts payable after more than one year | 17 | €1,698,757 | €1,742,925 | +€44,168 | +2.6% |
| Financial debts | 170/4 | €1,698,757 | €1,742,925 | +€44,168 | +2.6% |
| Other loans | 174 | €1,698,757 | €1,742,925 | +€44,168 | +2.6% |
| Amounts payable within one year | 42/48 | €113,652 | €186,020 | +€72,368 | +63.7% |
| Trade debts | 44 | €54,908 | €118,899 | +€63,991 | +117% |
| Suppliers | 440/4 | €54,908 | €118,899 | +€63,991 | +117% |
| Taxes, remuneration and social security | 45 | €48,530 | €52,026 | +€3,496 | +7.2% |
| Taxes | 450/3 | €48,530 | €52,026 | +€3,496 | +7.2% |
| Other amounts payable | 47/48 | €10,214 | €15,095 | +€4,881 | +47.8% |
| Accrued charges and deferred income | 492/3 | €505 | €0 | -€505 | -100% |
| Operating income | 70/76A | €445,737 | €415,839 | -€29,898 | -6.7% |
| Turnover | 70 | €441,771 | €407,302 | -€34,470 | -7.8% |
| Other operating income | 74 | €3,966 | €8,537 | +€4,571 | +115% |
| Operating charges | 60/66A | €267,847 | €316,168 | +€48,321 | +18.0% |
| Services and other goods | 61 | €246,834 | €307,209 | +€60,375 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,477 | €3,353 | +€1,876 | +127% |
| Other operating charges | 640/8 | €19,536 | €5,606 | -€13,930 | -71.3% |
| Operating profit (loss) | 9901 | €177,890 | €99,670 | -€78,220 | -44.0% |
| Financial income | 75/76B | €474 | €90 | -€384 | -81.0% |
| Recurring financial income | 75 | €474 | €90 | -€384 | -81.0% |
| Income from current assets | 751 | €474 | €0 | -€474 | -100% |
| Other financial income | 752/9 | €0 | €90 | +€90 | +112,375% |
| Financial charges | 65/66B | €43,203 | €44,456 | +€1,254 | +2.9% |
| Recurring financial charges | 65 | €43,203 | €44,456 | +€1,254 | +2.9% |
| Debt charges | 650 | €43,048 | €44,168 | +€1,119 | +2.6% |
| Other financial charges | 652/9 | €154 | €289 | +€134 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | €135,161 | €55,304 | -€79,857 | -59.1% |
| Income taxes | 67/77 | €42,264 | €36,196 | -€6,069 | -14.4% |
| Taxes | 670/3 | €42,264 | €36,196 | -€6,069 | -14.4% |
| Profit (loss) for the period | 9904 | €92,897 | €19,108 | -€73,789 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,897 | €19,108 | -€73,789 | -79.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.