HM ENERGY: 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.
HM ENERGY
Largest movements
- Receivables within one year +€206
up €206 (+18.1%), from €1,143 to €1,349
- Other debts +€3,666
up €3,666 (+284%), from €1,290 to €4,956
- Advances received -€2,420
no longer reported in 2025 (was €2,420)
- Profit (loss) carried forward -€985
down €985 (-13.0%), from -€7,552 to -€8,537
- Trade debts -€54
no longer reported in 2025 (was €54)
- Purchases and services -€11,519
no longer reported in 2025 (was €11,519)
- Gross operating margin +€6,534
up €6,534 (+86.9%), from -€7,518 to -€984
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 | €1,212 | €1,419 | +€207 | +17.0% |
| Current assets | 29/58 | €1,212 | €1,419 | +€207 | +17.0% |
| Amounts receivable within one year | 40/41 | €1,143 | €1,349 | +€206 | +18.1% |
| Other amounts receivable | 41 | €1,143 | €1,349 | +€206 | +18.1% |
| Cash at bank and in hand | 54/58 | €69 | €69 | +€0 | +0.3% |
| Total equity and liabilities | 10/49 | €1,212 | €1,419 | +€207 | +17.0% |
| Equity | 10/15 | -€2,552 | -€3,537 | -€985 | -38.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€7,552 | -€8,537 | -€985 | -13.0% |
| Amounts payable | 17/49 | €3,764 | €4,956 | +€1,192 | +31.7% |
| Amounts payable within one year | 42/48 | €3,764 | €4,956 | +€1,192 | +31.7% |
| Trade debts | 44 | €54 | - | -€54 | |
| Suppliers | 440/4 | €54 | - | -€54 | |
| Advances received on contracts in progress | 46 | €2,420 | - | -€2,420 | |
| Other amounts payable | 47/48 | €1,290 | €4,956 | +€3,666 | +284% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,519 | - | -€11,519 | |
| Gross operating margin | 9900 | -€7,518 | -€984 | +€6,534 | +86.9% |
| Operating profit (loss) | 9901 | -€7,518 | -€984 | +€6,534 | +86.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €37 | - | -€37 | |
| Recurring financial charges | 65 | €37 | - | -€37 | |
| Profit (loss) for the period before taxes | 9903 | -€7,552 | -€984 | +€6,568 | +87.0% |
| Profit (loss) for the period | 9904 | -€7,552 | -€984 | +€6,568 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,552 | -€984 | +€6,568 | +87.0% |
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 18 October 2026 via checked.be.