HL CONCEPT: 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.
HL CONCEPT
Largest movements
- Cash +€28,123
up €28,123 (+233.7%), from €12,035 to €40,158
mainly Receivables within one year (+€16,975) and Depreciation (+€8,304)
- Receivables within one year -€16,975
down €16,975 (-54.1%), from €31,371 to €14,396
of which Trade receivables: -€20,452
- Tangible fixed assets -€8,304
down €8,304 (-50.7%), from €16,388 to €8,083
of which Furniture and vehicles: -€7,000
- Reserves +€5,128
up €5,128 (+45.8%), from €11,185 to €16,313
- Tax, wage and social debts -€2,435
down €2,435 (-70.9%), from €3,435 to €1,000
- Trade debts -€2,340
down €2,340 (-45.4%), from €5,155 to €2,815
- Other debts +€1,270
up €1,270 (+3.4%), from €37,778 to €39,047
- Accrued charges and deferred income +€1,011
up €1,011 (+22466.2%), from €5 to €1,015
- Gross operating margin -€10,368
down €10,368 (-35.1%), from €29,573 to €19,206
- Depreciation -€3,017
down €3,017 (-26.7%), from €11,322 to €8,304
- Taxes -€2,426
down €2,426 (-44.5%), from €5,455 to €3,029
- Financial charges +€1,030
up €1,030 (+1406.0%), from €73 to €1,103
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 | €60,558 | €63,191 | +€2,633 | +4.3% |
| Fixed assets | 21/28 | €16,388 | €8,083 | -€8,304 | -50.7% |
| Tangible fixed assets | 22/27 | €16,388 | €8,083 | -€8,304 | -50.7% |
| Plant, machinery and equipment | 23 | €9,388 | €8,083 | -€1,305 | -13.9% |
| Furniture and vehicles | 24 | €7,000 | €0 | -€7,000 | -100.0% |
| Current assets | 29/58 | €44,170 | €55,107 | +€10,938 | +24.8% |
| Amounts receivable within one year | 40/41 | €31,371 | €14,396 | -€16,975 | -54.1% |
| Trade receivables | 40 | €22,920 | €2,469 | -€20,452 | -89.2% |
| Other amounts receivable | 41 | €8,451 | €11,927 | +€3,476 | +41.1% |
| Cash at bank and in hand | 54/58 | €12,035 | €40,158 | +€28,123 | +233.7% |
| Deferred charges and accrued income | 490/1 | €764 | €554 | -€210 | -27.5% |
| Total equity and liabilities | 10/49 | €60,558 | €63,191 | +€2,633 | +4.3% |
| Equity | 10/15 | €14,185 | €19,313 | +€5,128 | +36.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,185 | €16,313 | +€5,128 | +45.8% |
| Distributable reserves | 133 | €11,185 | €16,313 | +€5,128 | +45.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,372 | €43,878 | -€2,494 | -5.4% |
| Amounts payable within one year | 42/48 | €46,368 | €42,862 | -€3,505 | -7.6% |
| Trade debts | 44 | €5,155 | €2,815 | -€2,340 | -45.4% |
| Suppliers | 440/4 | €5,155 | €2,815 | -€2,340 | -45.4% |
| Taxes, remuneration and social security | 45 | €3,435 | €1,000 | -€2,435 | -70.9% |
| Taxes | 450/3 | €3,435 | €1,000 | -€2,435 | -70.9% |
| Other amounts payable | 47/48 | €37,778 | €39,047 | +€1,270 | +3.4% |
| Accrued charges and deferred income | 492/3 | €5 | €1,015 | +€1,011 | +22466.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,322 | €8,304 | -€3,017 | -26.7% |
| Other operating charges | 640/8 | €689 | €813 | +€124 | +17.9% |
| Gross operating margin | 9900 | €29,573 | €19,206 | -€10,368 | -35.1% |
| Operating profit (loss) | 9901 | €17,562 | €10,088 | -€7,474 | -42.6% |
| Financial income | 75/76B | €10 | €4 | -€6 | -59.3% |
| Recurring financial income | 75 | €10 | €4 | -€6 | -59.3% |
| Financial charges | 65/66B | €73 | €1,103 | +€1,030 | +1406.0% |
| Recurring financial charges | 65 | €73 | €1,103 | +€1,030 | +1406.0% |
| Profit (loss) for the period before taxes | 9903 | €17,499 | €8,989 | -€8,510 | -48.6% |
| Income taxes | 67/77 | €5,455 | €3,029 | -€2,426 | -44.5% |
| Profit (loss) for the period | 9904 | €12,044 | €5,961 | -€6,084 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,044 | €5,961 | -€6,084 | -50.5% |
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 11 October 2026 via checked.be.