HL HOLDING SPRL: what changed
HL HOLDING SPRL
Largest movements
- Cash +€14,274
up €14,274 (+40.1%), from €35,579 to €49,853
mainly Trade debts (+€57,064) and Other debts (+€32,625)
- Receivables within one year -€8,789
down €8,789 (-37.5%), from €23,445 to €14,656
of which Trade receivables: -€8,747
- Tangible fixed assets -€6,540
down €6,540 (-39.9%), from €16,400 to €9,860
of which Other tangible fixed assets: -€7,276
- Profit (loss) carried forward -€71,485
down €71,485 (-10.0%), from -€715,291 to -€786,776
- Trade debts +€57,064
up €57,064 (+15.7%), from €363,272 to €420,336
- Other debts +€32,625
up €32,625 (+22.3%), from €146,426 to €179,051
- Tax, wage and social debts -€19,169
down €19,169 (-14.1%), from €135,996 to €116,827
of which Taxes: -€24,981
- Gross operating margin -€49,195
down €49,195 (-53.9%), from €91,237 to €42,042
- Staff costs -€32,129
down €32,129 (-26.7%), from €120,552 to €88,423
- Taxes +€16,073
up €16,073, from -€15,465 to €609
- Financial charges +€3,554
up €3,554 (+74.3%), from €4,785 to €8,339
- Other operating charges -€2,697
down €2,697 (-26.1%), from €10,325 to €7,628
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,095 | €143,129 | -€966 | -0.7% |
| Fixed assets | 21/28 | €77,859 | €71,319 | -€6,540 | -8.4% |
| Tangible fixed assets | 22/27 | €16,400 | €9,860 | -€6,540 | -39.9% |
| Plant, machinery and equipment | 23 | - | €736 | +€736 | |
| Other tangible fixed assets | 26 | €16,400 | €9,124 | -€7,276 | -44.4% |
| Financial fixed assets | 28 | €61,459 | €61,459 | = | 0.0% |
| Current assets | 29/58 | €66,236 | €71,810 | +€5,574 | +8.4% |
| Amounts receivable within one year | 40/41 | €23,445 | €14,656 | -€8,789 | -37.5% |
| Trade receivables | 40 | €12,525 | €3,778 | -€8,747 | -69.8% |
| Other amounts receivable | 41 | €10,920 | €10,878 | -€42 | -0.4% |
| Cash at bank and in hand | 54/58 | €35,579 | €49,853 | +€14,274 | +40.1% |
| Deferred charges and accrued income | 490/1 | €7,212 | €7,301 | +€89 | +1.2% |
| Total equity and liabilities | 10/49 | €144,095 | €143,129 | -€966 | -0.7% |
| Equity | 10/15 | -€506,473 | -€577,957 | -€71,485 | -14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €202,619 | €202,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,616 | €5,616 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,616 | €5,616 | = | 0.0% |
| Tax-exempt reserves | 132 | €197,003 | €197,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€715,291 | -€786,776 | -€71,485 | -10.0% |
| Amounts payable | 17/49 | €650,568 | €721,087 | +€70,519 | +10.8% |
| Amounts payable within one year | 42/48 | €645,694 | €716,213 | +€70,519 | +10.9% |
| Trade debts | 44 | €363,272 | €420,336 | +€57,064 | +15.7% |
| Suppliers | 440/4 | €363,272 | €420,336 | +€57,064 | +15.7% |
| Taxes, remuneration and social security | 45 | €135,996 | €116,827 | -€19,169 | -14.1% |
| Taxes | 450/3 | €124,892 | €99,911 | -€24,981 | -20.0% |
| Remuneration and social security | 454/9 | €11,104 | €16,916 | +€5,812 | +52.3% |
| Other amounts payable | 47/48 | €146,426 | €179,051 | +€32,625 | +22.3% |
| Accrued charges and deferred income | 492/3 | €4,874 | €4,874 | = | 0.0% |
| Non-recurring operating income | 76A | €27,487 | €69 | -€27,419 | -99.8% |
| Remuneration, social security and pensions | 62 | €120,552 | €88,423 | -€32,129 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,200 | €8,529 | +€329 | +4.0% |
| Other operating charges | 640/8 | €10,325 | €7,628 | -€2,697 | -26.1% |
| Gross operating margin | 9900 | €91,237 | €42,042 | -€49,195 | -53.9% |
| Operating profit (loss) | 9901 | -€47,840 | -€62,537 | -€14,698 | -30.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,785 | €8,339 | +€3,554 | +74.3% |
| Recurring financial charges | 65 | €4,785 | €8,339 | +€3,554 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | -€52,623 | -€70,876 | -€18,253 | -34.7% |
| Income taxes | 67/77 | -€15,465 | €609 | +€16,073 | |
| Profit (loss) for the period | 9904 | -€37,159 | -€71,485 | -€34,326 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,159 | -€71,485 | -€34,326 | -92.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.