HLF Group: 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.
HLF Group
Largest movements
- Receivables within one year +€21,183
up €21,183 (+33.2%), from €63,843 to €85,026
of which Other amounts receivable: +€12,207
- Cash +€14,688
up €14,688 (+144%), from €10,226 to €24,914
mainly Trade debts (+€44,472) and Accrued charges and deferred income (+€35,000)
- Tangible fixed assets -€6,050
down €6,050 (-10.5%), from €57,463 to €51,413
of which Land and buildings: -€4,159
- Stocks and contracts +€1,901
up €1,901 (+18.3%), from €10,370 to €12,271
- Trade debts +€44,472
up €44,472 (+95.4%), from €46,619 to €91,091
- Profit (loss) carried forward -€41,920
down €41,920, from €20,928 to -€20,992
- Accrued charges and deferred income +€35,000
up €35,000 (+500%), from €7,000 to €42,000
- Tax, wage and social debts -€33,742
down €33,742 (-70.9%), from €47,613 to €13,871
of which Remuneration and social security: -€30,910
- Other debts +€16,076
up €16,076 (+88.1%), from €18,238 to €34,314
- Gross operating margin -€53,274
down €53,274 (-14.7%), from €362,304 to €309,031
- Staff costs -€3,874
down €3,874 (-1.1%), from €343,709 to €339,835
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.
Derived cash bridge
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 | €145,060 | €176,482 | +€31,421 | +21.7% |
| Fixed assets | 21/28 | €57,463 | €51,569 | -€5,894 | -10.3% |
| Tangible fixed assets | 22/27 | €57,463 | €51,413 | -€6,050 | -10.5% |
| Land and buildings | 22 | €35,929 | €31,770 | -€4,159 | -11.6% |
| Plant, machinery and equipment | 23 | €21,534 | €19,643 | -€1,891 | -8.8% |
| Financial fixed assets | 28 | - | €156 | +€156 | |
| Current assets | 29/58 | €87,598 | €124,913 | +€37,315 | +42.6% |
| Stocks and contracts in progress | 3 | €10,370 | €12,271 | +€1,901 | +18.3% |
| Stocks | 30/36 | €10,370 | €12,271 | +€1,901 | +18.3% |
| Amounts receivable within one year | 40/41 | €63,843 | €85,026 | +€21,183 | +33.2% |
| Trade receivables | 40 | €57,628 | €66,604 | +€8,976 | +15.6% |
| Other amounts receivable | 41 | €6,215 | €18,422 | +€12,207 | +196% |
| Cash at bank and in hand | 54/58 | €10,226 | €24,914 | +€14,688 | +144% |
| Deferred charges and accrued income | 490/1 | €3,158 | €2,702 | -€457 | -14.5% |
| Total equity and liabilities | 10/49 | €145,060 | €176,482 | +€31,421 | +21.7% |
| Equity | 10/15 | €23,928 | -€17,992 | -€41,920 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,928 | -€20,992 | -€41,920 | |
| Amounts payable | 17/49 | €121,133 | €194,474 | +€73,341 | +60.5% |
| Amounts payable within one year | 42/48 | €114,133 | €152,474 | +€38,341 | +33.6% |
| Financial debts | 43 | €1,663 | €923 | -€740 | -44.5% |
| Credit institutions | 430/8 | €1,663 | €923 | -€740 | -44.5% |
| Trade debts | 44 | €46,619 | €91,091 | +€44,472 | +95.4% |
| Suppliers | 440/4 | €46,619 | €91,091 | +€44,472 | +95.4% |
| Advances received on contracts in progress | 46 | - | €12,275 | +€12,275 | |
| Taxes, remuneration and social security | 45 | €47,613 | €13,871 | -€33,742 | -70.9% |
| Taxes | 450/3 | €6,806 | €3,974 | -€2,832 | -41.6% |
| Remuneration and social security | 454/9 | €40,807 | €9,897 | -€30,910 | -75.7% |
| Other amounts payable | 47/48 | €18,238 | €34,314 | +€16,076 | +88.1% |
| Accrued charges and deferred income | 492/3 | €7,000 | €42,000 | +€35,000 | +500% |
| Remuneration, social security and pensions | 62 | €343,709 | €339,835 | -€3,874 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,286 | €7,559 | +€1,273 | +20.3% |
| Other operating charges | 640/8 | €2,592 | €2,811 | +€219 | +8.4% |
| Gross operating margin | 9900 | €362,304 | €309,031 | -€53,274 | -14.7% |
| Operating profit (loss) | 9901 | €9,717 | -€41,174 | -€50,891 | |
| Financial income | 75/76B | €502 | €301 | -€201 | -40.1% |
| Recurring financial income | 75 | €502 | €301 | -€201 | -40.1% |
| Financial charges | 65/66B | €457 | €1,046 | +€589 | +129% |
| Recurring financial charges | 65 | €457 | €1,046 | +€589 | +129% |
| Profit (loss) for the period before taxes | 9903 | €9,762 | -€41,920 | -€51,681 | |
| Income taxes | 67/77 | €2,674 | €0 | -€2,674 | -100% |
| Profit (loss) for the period | 9904 | €7,088 | -€41,920 | -€49,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,088 | -€41,920 | -€49,008 |
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 20 October 2026 via checked.be.