HM FINANCIAL: 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 FINANCIAL
Largest movements
- Tangible fixed assets -€14,941
down €14,941 (-97.7%), from €15,291 to €350
- Deferred charges and accrued income +€412
up €412 (+323%), from €128 to €540
- Profit (loss) carried forward -€17,410
down €17,410 (-29.8%), from -€58,496 to -€75,907
- Other debts +€13,359
up €13,359 (+110%), from €12,108 to €25,467
- Debts after one year -€13,306
down €13,306 (-40.8%), from €32,609 to €19,303
- Short-term financial debts +€11,234
new in 2025: €11,234
of which Other loans: +€11,000
- Tax, wage and social debts -€7,395
down €7,395 (-86.4%), from €8,559 to €1,163
- Gross operating margin +€27,277
up €27,277, from -€25,258 to €2,018
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 | €15,503 | €890 | -€14,612 | -94.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €15,291 | €350 | -€14,941 | -97.7% |
| Tangible fixed assets | 22/27 | €15,291 | €350 | -€14,941 | -97.7% |
| Furniture and vehicles | 24 | €15,291 | €350 | -€14,941 | -97.7% |
| Current assets | 29/58 | €212 | €540 | +€329 | +155% |
| Cash at bank and in hand | 54/58 | €84 | - | -€84 | |
| Deferred charges and accrued income | 490/1 | €128 | €540 | +€412 | +323% |
| Total equity and liabilities | 10/49 | €15,503 | €890 | -€14,612 | -94.3% |
| Equity | 10/15 | -€55,496 | -€72,907 | -€17,410 | -31.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,496 | -€75,907 | -€17,410 | -29.8% |
| Amounts payable | 17/49 | €70,999 | €73,797 | +€2,798 | +3.9% |
| Amounts payable after more than one year | 17 | €32,609 | €19,303 | -€13,306 | -40.8% |
| Financial debts | 170/4 | €32,609 | €19,303 | -€13,306 | -40.8% |
| Amounts payable within one year | 42/48 | €37,403 | €54,095 | +€16,692 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €13,762 | €13,306 | -€456 | -3.3% |
| Financial debts | 43 | - | €11,234 | +€11,234 | |
| Credit institutions | 430/8 | - | €234 | +€234 | |
| Other loans | 439 | - | €11,000 | +€11,000 | |
| Trade debts | 44 | €2,974 | €2,924 | -€50 | -1.7% |
| Suppliers | 440/4 | €2,974 | €2,924 | -€50 | -1.7% |
| Taxes, remuneration and social security | 45 | €8,559 | €1,163 | -€7,395 | -86.4% |
| Taxes | 450/3 | €8,559 | €1,163 | -€7,395 | -86.4% |
| Other amounts payable | 47/48 | €12,108 | €25,467 | +€13,359 | +110% |
| Accrued charges and deferred income | 492/3 | €987 | €400 | -€588 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,854 | €14,941 | +€87 | +0.6% |
| Other operating charges | 640/8 | €554 | €524 | -€30 | -5.4% |
| Gross operating margin | 9900 | -€25,258 | €2,018 | +€27,277 | |
| Operating profit (loss) | 9901 | -€40,666 | -€13,447 | +€27,219 | +66.9% |
| Financial charges | 65/66B | €3,331 | €3,371 | +€40 | +1.2% |
| Recurring financial charges | 65 | €3,331 | €3,371 | +€40 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€43,997 | -€16,817 | +€27,180 | +61.8% |
| Income taxes | 67/77 | €570 | €593 | +€23 | +4.0% |
| Profit (loss) for the period | 9904 | -€44,567 | -€17,410 | +€27,157 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,567 | -€17,410 | +€27,157 | +60.9% |
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 16 October 2026 via checked.be.