HLBa: what changed
Two fiscal 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.
HLBa
Largest movements
- Tangible fixed assets -€123,388
down €123,388 (-13.4%), from €924,220 to €800,831
of which Land and buildings: -€122,325
- Deferred charges and accrued income -€17,372
no longer reported in 2024 (was €17,372)
- Reserves -€125,000
down €125,000 (-32.2%), from €388,157 to €263,157
of which Tax-exempt reserves: -€125,000
- Profit (loss) carried forward +€46,423
up €46,423 (+4.7%), from €982,288 to €1.0m
- Debts after one year -€46,420
down €46,420 (-40.0%), from €116,077 to €69,657
- Gross operating margin -€26,759
down €26,759 (-46.6%), from €57,381 to €30,623
- Financial charges -€12,027
down €12,027 (-59.7%), from €20,148 to €8,121
- Depreciation -€9,052
down €9,052 (-22.3%), from €40,513 to €31,461
- Taxes -€3,084
down €3,084 (-28.5%), from €10,810 to €7,727
- Other operating charges +€672
up €672 (+9.0%), from €7,487 to €8,159
From the 2023 result to the 2024 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 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 | €1,728,485 | €1,576,422 | -€152,063 | -8.8% |
| Fixed assets | 21/28 | €1,149,220 | €1,025,831 | -€123,388 | -10.7% |
| Tangible fixed assets | 22/27 | €924,220 | €800,831 | -€123,388 | -13.4% |
| Land and buildings | 22 | €923,156 | €800,831 | -€122,325 | -13.3% |
| Furniture and vehicles | 24 | €1,064 | - | -€1,064 | |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €579,265 | €550,591 | -€28,674 | -5.0% |
| Amounts receivable after more than one year | 29 | €63,000 | €63,000 | = | 0.0% |
| Trade receivables | 290 | €63,000 | €63,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €492,484 | €487,591 | -€4,894 | -1.0% |
| Trade receivables | 40 | €97,673 | €106,983 | +€9,310 | +9.5% |
| Other amounts receivable | 41 | €394,811 | €380,607 | -€14,204 | -3.6% |
| Cash at bank and in hand | 54/58 | €6,409 | - | -€6,409 | |
| Deferred charges and accrued income | 490/1 | €17,372 | - | -€17,372 | |
| Total equity and liabilities | 10/49 | €1,728,485 | €1,576,422 | -€152,063 | -8.8% |
| Equity | 10/15 | €1,389,037 | €1,310,460 | -€78,577 | -5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €388,157 | €263,157 | -€125,000 | -32.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €286,298 | €161,298 | -€125,000 | -43.7% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €982,288 | €1,028,711 | +€46,423 | +4.7% |
| Provisions and deferred taxes | 16 | €27,559 | €22,559 | -€5,000 | -18.1% |
| Deferred taxes | 168 | €27,559 | €22,559 | -€5,000 | -18.1% |
| Amounts payable | 17/49 | €311,888 | €243,403 | -€68,486 | -22.0% |
| Amounts payable after more than one year | 17 | €116,077 | €69,657 | -€46,420 | -40.0% |
| Financial debts | 170/4 | €116,077 | €69,657 | -€46,420 | -40.0% |
| Amounts payable within one year | 42/48 | €195,811 | €173,746 | -€22,065 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €21,420 | €21,420 | = | 0.0% |
| Financial debts | 43 | €19,014 | €21,007 | +€1,993 | +10.5% |
| Credit institutions | 430/8 | €19,014 | €21,007 | +€1,993 | +10.5% |
| Trade debts | 44 | €10,321 | €5,829 | -€4,492 | -43.5% |
| Suppliers | 440/4 | €10,321 | €5,829 | -€4,492 | -43.5% |
| Taxes, remuneration and social security | 45 | €2,482 | - | -€2,482 | |
| Taxes | 450/3 | €2,482 | - | -€2,482 | |
| Other amounts payable | 47/48 | €142,574 | €125,490 | -€17,084 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,513 | €31,461 | -€9,052 | -22.3% |
| Other operating charges | 640/8 | €7,487 | €8,159 | +€672 | +9.0% |
| Non-recurring operating charges | 66A | - | €58,790 | +€58,790 | |
| Gross operating margin | 9900 | €57,381 | €30,623 | -€26,759 | -46.6% |
| Operating profit (loss) | 9901 | €9,381 | -€67,787 | -€77,168 | |
| Financial income | 75/76B | €268 | €58 | -€211 | -78.6% |
| Recurring financial income | 75 | €268 | €58 | -€211 | -78.6% |
| Financial charges | 65/66B | €20,148 | €8,121 | -€12,027 | -59.7% |
| Recurring financial charges | 65 | €20,148 | €8,121 | -€12,027 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,499 | -€75,851 | -€65,352 | -622.4% |
| Transfer from deferred taxes | 780 | €5,000 | €5,000 | = | 0.0% |
| Income taxes | 67/77 | €10,810 | €7,727 | -€3,084 | -28.5% |
| Profit (loss) for the period | 9904 | -€16,309 | -€78,577 | -€62,268 | -381.8% |
| Transfer from tax-exempt reserves | 789 | €55,000 | €125,000 | +€70,000 | +127.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,691 | €46,423 | +€7,732 | +20.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.