HLS: 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.
HLS
Largest movements
- Stocks and contracts +€53,384
up €53,384 (+51.4%), from €103,936 to €157,320
- Cash +€12,140
up €12,140 (+60.8%), from €19,959 to €32,099
mainly Short-term financial debts (+€75,000) and Trade debts (+€13)
- Short-term financial debts +€75,000
up €75,000, from €0 to €75,000
- Profit (loss) carried forward -€8,470
down €8,470 (-15.3%), from -€55,467 to -€63,937
- Financial charges -€6,947
down €6,947 (-84.0%), from €8,273 to €1,326
- Gross operating margin -€6,049
down €6,049 (-7,736%), from -€78 to -€6,127
- Other operating charges -€2,478
down €2,478 (-70.9%), from €3,495 to €1,016
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 | €124,618 | €191,161 | +€66,543 | +53.4% |
| Current assets | 29/58 | €124,618 | €191,161 | +€66,543 | +53.4% |
| Stocks and contracts in progress | 3 | €103,936 | €157,320 | +€53,384 | +51.4% |
| Stocks | 30/36 | €103,936 | €157,320 | +€53,384 | +51.4% |
| Amounts receivable within one year | 40/41 | €723 | €1,742 | +€1,019 | +141% |
| Other amounts receivable | 41 | €723 | €1,742 | +€1,019 | +141% |
| Cash at bank and in hand | 54/58 | €19,959 | €32,099 | +€12,140 | +60.8% |
| Total equity and liabilities | 10/49 | €124,618 | €191,161 | +€66,543 | +53.4% |
| Equity | 10/15 | -€35,007 | -€43,477 | -€8,470 | -24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€55,467 | -€63,937 | -€8,470 | -15.3% |
| Amounts payable | 17/49 | €159,625 | €234,638 | +€75,013 | +47.0% |
| Amounts payable within one year | 42/48 | €159,625 | €234,638 | +€75,013 | +47.0% |
| Financial debts | 43 | €0 | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | €0 | €75,000 | +€75,000 | |
| Trade debts | 44 | €805 | €818 | +€13 | +1.6% |
| Suppliers | 440/4 | €805 | €818 | +€13 | +1.6% |
| Other amounts payable | 47/48 | €158,820 | €158,820 | = | 0.0% |
| Other operating charges | 640/8 | €3,495 | €1,016 | -€2,478 | -70.9% |
| Gross operating margin | 9900 | -€78 | -€6,127 | -€6,049 | -7,736% |
| Operating profit (loss) | 9901 | -€3,573 | -€7,144 | -€3,571 | -100.0% |
| Financial charges | 65/66B | €8,273 | €1,326 | -€6,947 | -84.0% |
| Recurring financial charges | 65 | €8,273 | €1,326 | -€6,947 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,846 | -€8,470 | +€3,376 | +28.5% |
| Profit (loss) for the period | 9904 | -€11,846 | -€8,470 | +€3,376 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,846 | -€8,470 | +€3,376 | +28.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.