HL Trading: 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 Trading
Largest movements
- Receivables within one year +€683,642
up €683,642 (+68,364%), from €1,000 to €684,642
of which Trade receivables: +€683,642
- Stocks and contracts +€190,000
new in 2024: €190,000
- Cash +€106,715
new in 2024: €106,715
mainly Trade debts (+€732,150) and Provisions (+€140,000)
- Intangible fixed assets +€27,746
new in 2024: €27,746
- Tangible fixed assets +€26,689
new in 2024: €26,689
of which Plant, machinery and equipment: +€21,243
- Trade debts +€732,150
new in 2024: €732,150
- Provisions +€140,000
new in 2024: €140,000
- Profit (loss) carried forward +€85,980
new in 2024: €85,980
- Tax, wage and social debts +€46,662
new in 2024: €46,662
- Other debts +€30,000
new in 2024: €30,000
- Gross operating margin +€474,063
new in 2024: €474,063
- Staff costs +€171,458
new in 2024: €171,458
- Provisions +€140,000
new in 2024: €140,000
- Financial charges +€30,104
new in 2024: €30,104
of which Non-recurring financial charges: +€30,035
- Taxes +€28,981
new in 2024: €28,981
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,000 | €1,035,792 | +€1.0m | +103,479% |
| Fixed assets | 21/28 | - | €54,435 | +€54,435 | |
| Intangible fixed assets | 21 | - | €27,746 | +€27,746 | |
| Tangible fixed assets | 22/27 | - | €26,689 | +€26,689 | |
| Plant, machinery and equipment | 23 | - | €21,243 | +€21,243 | |
| Furniture and vehicles | 24 | - | €5,446 | +€5,446 | |
| Current assets | 29/58 | €1,000 | €981,357 | +€980,357 | +98,036% |
| Stocks and contracts in progress | 3 | - | €190,000 | +€190,000 | |
| Stocks | 30/36 | - | €190,000 | +€190,000 | |
| Amounts receivable within one year | 40/41 | €1,000 | €684,642 | +€683,642 | +68,364% |
| Trade receivables | 40 | - | €683,642 | +€683,642 | |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €106,715 | +€106,715 | |
| Total equity and liabilities | 10/49 | €1,000 | €1,035,792 | +€1.0m | +103,479% |
| Equity | 10/15 | €1,000 | €86,980 | +€85,980 | +8,598% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €85,980 | +€85,980 | |
| Provisions and deferred taxes | 16 | - | €140,000 | +€140,000 | |
| Provisions for liabilities and charges | 160/5 | - | €140,000 | +€140,000 | |
| Environmental obligations | 163 | - | €140,000 | +€140,000 | |
| Amounts payable | 17/49 | - | €808,812 | +€808,812 | |
| Amounts payable within one year | 42/48 | - | €808,812 | +€808,812 | |
| Trade debts | 44 | - | €732,150 | +€732,150 | |
| Suppliers | 440/4 | - | €732,150 | +€732,150 | |
| Taxes, remuneration and social security | 45 | - | €46,662 | +€46,662 | |
| Taxes | 450/3 | - | €46,662 | +€46,662 | |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | - | €171,458 | +€171,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,554 | +€7,554 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €140,000 | +€140,000 | |
| Other operating charges | 640/8 | - | €9,987 | +€9,987 | |
| Gross operating margin | 9900 | - | €474,063 | +€474,063 | |
| Operating profit (loss) | 9901 | - | €145,064 | +€145,064 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €30,104 | +€30,104 | |
| Recurring financial charges | 65 | - | €69 | +€69 | |
| Non-recurring financial charges | 66B | - | €30,035 | +€30,035 | |
| Profit (loss) for the period before taxes | 9903 | - | €114,961 | +€114,961 | |
| Income taxes | 67/77 | - | €28,981 | +€28,981 | |
| Profit (loss) for the period | 9904 | - | €85,980 | +€85,980 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €85,980 | +€85,980 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.