HLSC: 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.
HLSC
Largest movements
- Current investments +€80,000
up €80,000 (+13.3%), from €600,000 to €680,000
- Cash +€12,903
up €12,903 (+26.3%), from €49,149 to €62,052
mainly Net result for the year (+€239,674) and Other debts (+€90,000)
- Other debts +€90,000
up €90,000 (+62.1%), from €145,000 to €235,000
- Financial income +€9,316
up €9,316 (+96.6%), from €9,642 to €18,957
- Depreciation -€5,457
down €5,457 (-85.9%), from €6,352 to €895
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 | €770,119 | €862,637 | +€92,517 | +12.0% |
| Fixed assets | 21/28 | €1,895 | €1,000 | -€895 | -47.2% |
| Tangible fixed assets | 22/27 | €1,895 | €1,000 | -€895 | -47.2% |
| Furniture and vehicles | 24 | €1,895 | €1,000 | -€895 | -47.2% |
| Current assets | 29/58 | €768,224 | €861,637 | +€93,412 | +12.2% |
| Amounts receivable within one year | 40/41 | €110,747 | €111,256 | +€509 | +0.5% |
| Trade receivables | 40 | €109,322 | €109,788 | +€465 | +0.4% |
| Other amounts receivable | 41 | €1,425 | €1,469 | +€44 | +3.1% |
| Current investments | 50/53 | €600,000 | €680,000 | +€80,000 | +13.3% |
| Cash at bank and in hand | 54/58 | €49,149 | €62,052 | +€12,903 | +26.3% |
| Deferred charges and accrued income | 490/1 | €8,328 | €8,328 | = | 0.0% |
| Total equity and liabilities | 10/49 | €770,119 | €862,637 | +€92,517 | +12.0% |
| Equity | 10/15 | €602,461 | €607,136 | +€4,674 | +0.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €600,461 | €605,136 | +€4,674 | +0.8% |
| Distributable reserves | 133 | €600,461 | €605,136 | +€4,674 | +0.8% |
| Amounts payable | 17/49 | €167,658 | €255,501 | +€87,843 | +52.4% |
| Amounts payable within one year | 42/48 | €167,658 | €255,501 | +€87,843 | +52.4% |
| Trade debts | 44 | €3,695 | €1,136 | -€2,559 | -69.3% |
| Suppliers | 440/4 | €3,695 | €1,136 | -€2,559 | -69.3% |
| Taxes, remuneration and social security | 45 | €18,963 | €19,365 | +€402 | +2.1% |
| Taxes | 450/3 | €18,963 | €19,365 | +€402 | +2.1% |
| Other amounts payable | 47/48 | €145,000 | €235,000 | +€90,000 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,352 | €895 | -€5,457 | -85.9% |
| Other operating charges | 640/8 | €1,843 | €1,346 | -€498 | -27.0% |
| Gross operating margin | 9900 | €294,165 | €296,381 | +€2,216 | +0.8% |
| Operating profit (loss) | 9901 | €285,969 | €294,140 | +€8,171 | +2.9% |
| Financial income | 75/76B | €9,642 | €18,957 | +€9,316 | +96.6% |
| Recurring financial income | 75 | €9,642 | €18,957 | +€9,316 | +96.6% |
| Financial charges | 65/66B | €315 | €163 | -€153 | -48.4% |
| Recurring financial charges | 65 | €315 | €163 | -€153 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €295,296 | €312,935 | +€17,639 | +6.0% |
| Income taxes | 67/77 | €73,633 | €73,261 | -€372 | -0.5% |
| Profit (loss) for the period | 9904 | €221,662 | €239,674 | +€18,012 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €221,662 | €239,674 | +€18,012 | +8.1% |
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 30 September 2026 via checked.be.