HL7: 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.
HL7
Largest movements
- Tangible fixed assets -€20,661
down €20,661 (-4.5%), from €460,111 to €439,450
of which Land and buildings: -€18,561
- Debts after one year -€29,539
down €29,539 (-8.5%), from €347,219 to €317,680
- Profit (loss) carried forward +€16,637
up €16,637 (+18.5%), from €90,073 to €106,710
- Gross operating margin +€6,349
up €6,349 (+15.4%), from €41,353 to €47,702
- Taxes +€2,027
up €2,027 (+50.3%), from €4,029 to €6,056
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 | €503,892 | €491,727 | -€12,166 | -2.4% |
| Fixed assets | 21/28 | €460,111 | €439,450 | -€20,661 | -4.5% |
| Tangible fixed assets | 22/27 | €460,111 | €439,450 | -€20,661 | -4.5% |
| Land and buildings | 22 | €442,580 | €424,019 | -€18,561 | -4.2% |
| Plant, machinery and equipment | 23 | €17,531 | €15,431 | -€2,100 | -12.0% |
| Current assets | 29/58 | €43,782 | €52,277 | +€8,496 | +19.4% |
| Amounts receivable within one year | 40/41 | €971 | €4,823 | +€3,852 | +396.9% |
| Trade receivables | 40 | - | €3,850 | +€3,850 | |
| Other amounts receivable | 41 | €971 | €973 | +€2 | +0.2% |
| Cash at bank and in hand | 54/58 | €42,811 | €47,455 | +€4,644 | +10.8% |
| Total equity and liabilities | 10/49 | €503,892 | €491,727 | -€12,166 | -2.4% |
| Equity | 10/15 | €120,621 | €137,258 | +€16,637 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,948 | €11,948 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,088 | €10,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,073 | €106,710 | +€16,637 | +18.5% |
| Amounts payable | 17/49 | €383,271 | €354,469 | -€28,803 | -7.5% |
| Amounts payable after more than one year | 17 | €347,219 | €317,680 | -€29,539 | -8.5% |
| Financial debts | 170/4 | €347,219 | €317,680 | -€29,539 | -8.5% |
| Amounts payable within one year | 42/48 | €36,052 | €36,789 | +€737 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €29,173 | €29,539 | +€367 | +1.3% |
| Trade debts | 44 | €433 | €54 | -€378 | -87.5% |
| Suppliers | 440/4 | €433 | €54 | -€378 | -87.5% |
| Taxes, remuneration and social security | 45 | €6,249 | €6,997 | +€748 | +12.0% |
| Taxes | 450/3 | €6,249 | €6,997 | +€748 | +12.0% |
| Other amounts payable | 47/48 | €197 | €197 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,661 | €20,661 | = | 0.0% |
| Other operating charges | 640/8 | €2,394 | €2,491 | +€97 | +4.1% |
| Gross operating margin | 9900 | €41,353 | €47,702 | +€6,349 | +15.4% |
| Operating profit (loss) | 9901 | €18,298 | €24,549 | +€6,251 | +34.2% |
| Financial charges | 65/66B | €2,180 | €1,855 | -€325 | -14.9% |
| Recurring financial charges | 65 | €2,180 | €1,855 | -€325 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €16,118 | €22,694 | +€6,576 | +40.8% |
| Income taxes | 67/77 | €4,029 | €6,056 | +€2,027 | +50.3% |
| Profit (loss) for the period | 9904 | €12,088 | €16,637 | +€4,549 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,088 | €16,637 | +€4,549 | +37.6% |
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.