Hln & Co: 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.
Hln & Co
Largest movements
- Receivables within one year -€11,738
down €11,738 (-61.4%), from €19,126 to €7,388
of which Other amounts receivable: -€6,345
- Cash -€9,054
no longer reported in 2025 (was €9,054)
mainly Net result for the year (-€12,204) and Investment in fixed assets (net) (-€7,704)
- Tangible fixed assets +€4,850
up €4,850 (+47.0%), from €10,313 to €15,163
of which Furniture and vehicles: +€5,963
- Deferred charges and accrued income -€971
down €971 (-25.3%), from €3,843 to €2,871
- Profit (loss) carried forward -€12,204
down €12,204 (-69.8%), from -€17,482 to -€29,686
- Tax, wage and social debts -€5,758
down €5,758 (-66.6%), from €8,642 to €2,885
of which Taxes: -€8,514
- Trade debts -€4,562
down €4,562 (-39.0%), from €11,696 to €7,134
- Current portion of long-term debt +€2,157
new in 2025: €2,157
- Debts after one year +€2,110
new in 2025: €2,110
- Staff costs -€7,013
down €7,013 (-88.8%), from €7,895 to €883
- Depreciation +€1,642
up €1,642 (+135%), from €1,212 to €2,854
- Other operating charges -€1,563
down €1,563 (-42.0%), from €3,722 to €2,159
- Gross operating margin -€1,328
down €1,328 (-32.3%), from -€4,105 to -€5,433
- Financial charges +€507
up €507 (+118%), from €430 to €937
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 | €42,635 | €25,722 | -€16,913 | -39.7% |
| Fixed assets | 21/28 | €10,613 | €15,463 | +€4,850 | +45.7% |
| Tangible fixed assets | 22/27 | €10,313 | €15,163 | +€4,850 | +47.0% |
| Plant, machinery and equipment | 23 | €1,286 | €879 | -€407 | -31.7% |
| Furniture and vehicles | 24 | €3,175 | €9,138 | +€5,963 | +188% |
| Other tangible fixed assets | 26 | €5,851 | €5,146 | -€705 | -12.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €32,023 | €10,259 | -€21,763 | -68.0% |
| Amounts receivable within one year | 40/41 | €19,126 | €7,388 | -€11,738 | -61.4% |
| Trade receivables | 40 | €10,090 | €4,697 | -€5,393 | -53.4% |
| Other amounts receivable | 41 | €9,036 | €2,691 | -€6,345 | -70.2% |
| Cash at bank and in hand | 54/58 | €9,054 | - | -€9,054 | |
| Deferred charges and accrued income | 490/1 | €3,843 | €2,871 | -€971 | -25.3% |
| Total equity and liabilities | 10/49 | €42,635 | €25,722 | -€16,913 | -39.7% |
| Equity | 10/15 | €20,544 | €8,340 | -€12,204 | -59.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,026 | €33,026 | = | 0.0% |
| Distributable reserves | 133 | €33,026 | €33,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,482 | -€29,686 | -€12,204 | -69.8% |
| Amounts payable | 17/49 | €22,092 | €17,383 | -€4,709 | -21.3% |
| Amounts payable after more than one year | 17 | - | €2,110 | +€2,110 | |
| Financial debts | 170/4 | - | €2,110 | +€2,110 | |
| Amounts payable within one year | 42/48 | €22,092 | €15,224 | -€6,868 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,157 | +€2,157 | |
| Financial debts | 43 | - | €1,248 | +€1,248 | |
| Credit institutions | 430/8 | - | €1,248 | +€1,248 | |
| Trade debts | 44 | €11,696 | €7,134 | -€4,562 | -39.0% |
| Suppliers | 440/4 | €11,696 | €7,134 | -€4,562 | -39.0% |
| Taxes, remuneration and social security | 45 | €8,642 | €2,885 | -€5,758 | -66.6% |
| Taxes | 450/3 | €8,642 | €128 | -€8,514 | -98.5% |
| Remuneration and social security | 454/9 | - | €2,757 | +€2,757 | |
| Other amounts payable | 47/48 | €1,753 | €1,801 | +€48 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €49 | +€49 | |
| Remuneration, social security and pensions | 62 | €7,895 | €883 | -€7,013 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,212 | €2,854 | +€1,642 | +135% |
| Other operating charges | 640/8 | €3,722 | €2,159 | -€1,563 | -42.0% |
| Gross operating margin | 9900 | -€4,105 | -€5,433 | -€1,328 | -32.3% |
| Operating profit (loss) | 9901 | -€16,935 | -€11,329 | +€5,606 | +33.1% |
| Financial income | 75/76B | €10 | €61 | +€51 | +505% |
| Recurring financial income | 75 | €10 | €61 | +€51 | +505% |
| Financial charges | 65/66B | €430 | €937 | +€507 | +118% |
| Recurring financial charges | 65 | €430 | €937 | +€507 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€17,354 | -€12,204 | +€5,151 | +29.7% |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | -€17,482 | -€12,204 | +€5,279 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,482 | -€12,204 | +€5,279 | +30.2% |
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 29 October 2026 via checked.be.