HM SERVICE: 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 SERVICE
Largest movements
- Receivables within one year -€91,516
down €91,516 (-22.5%), from €406,150 to €314,634
of which Trade receivables: -€91,053
- Cash +€14,118
up €14,118 (+706%), from €1,999 to €16,117
mainly Tax, wage and social debts (+€132,332) and Receivables within one year (+€91,516)
- Tangible fixed assets +€6,288
up €6,288 (+50.0%), from €12,565 to €18,853
- Trade debts -€136,323
down €136,323 (-65.7%), from €207,566 to €71,243
- Tax, wage and social debts +€132,332
up €132,332 (+357%), from €37,117 to €169,450
of which Remuneration and social security: +€111,859
- Other debts -€98,402
down €98,402 (-84.2%), from €116,878 to €18,476
- Profit (loss) carried forward +€29,442
up €29,442 (+50.9%), from €57,853 to €87,295
- Staff costs +€279,438
up €279,438 (+249%), from €112,377 to €391,816
- Gross operating margin +€257,331
up €257,331 (+148%), from €173,512 to €430,843
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 | €423,414 | €353,175 | -€70,239 | -16.6% |
| Fixed assets | 21/28 | €15,265 | €22,425 | +€7,159 | +46.9% |
| Tangible fixed assets | 22/27 | €12,565 | €18,853 | +€6,288 | +50.0% |
| Furniture and vehicles | 24 | €12,565 | €18,853 | +€6,288 | +50.0% |
| Financial fixed assets | 28 | €2,700 | €3,571 | +€871 | +32.3% |
| Current assets | 29/58 | €408,148 | €330,751 | -€77,398 | -19.0% |
| Amounts receivable within one year | 40/41 | €406,150 | €314,634 | -€91,516 | -22.5% |
| Trade receivables | 40 | €211,018 | €119,965 | -€91,053 | -43.1% |
| Other amounts receivable | 41 | €195,131 | €194,669 | -€463 | -0.2% |
| Cash at bank and in hand | 54/58 | €1,999 | €16,117 | +€14,118 | +706% |
| Total equity and liabilities | 10/49 | €423,414 | €353,175 | -€70,239 | -16.6% |
| Equity | 10/15 | €61,853 | €94,007 | +€32,154 | +52.0% |
| Contributions | 10/11 | €4,000 | €6,712 | +€2,712 | +67.8% |
| Profit (loss) carried forward | 14 | €57,853 | €87,295 | +€29,442 | +50.9% |
| Amounts payable | 17/49 | €361,561 | €259,169 | -€102,393 | -28.3% |
| Amounts payable within one year | 42/48 | €361,561 | €259,169 | -€102,393 | -28.3% |
| Trade debts | 44 | €207,566 | €71,243 | -€136,323 | -65.7% |
| Suppliers | 440/4 | €207,566 | €71,243 | -€136,323 | -65.7% |
| Taxes, remuneration and social security | 45 | €37,117 | €169,450 | +€132,332 | +357% |
| Taxes | 450/3 | €1,732 | €22,205 | +€20,473 | +1,182% |
| Remuneration and social security | 454/9 | €35,386 | €147,245 | +€111,859 | +316% |
| Other amounts payable | 47/48 | €116,878 | €18,476 | -€98,402 | -84.2% |
| Remuneration, social security and pensions | 62 | €112,377 | €391,816 | +€279,438 | +249% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,429 | €8,462 | +€2,033 | +31.6% |
| Other operating charges | 640/8 | €862 | €566 | -€297 | -34.4% |
| Non-recurring operating charges | 66A | - | €464 | +€464 | |
| Gross operating margin | 9900 | €173,512 | €430,843 | +€257,331 | +148% |
| Operating profit (loss) | 9901 | €53,843 | €29,536 | -€24,307 | -45.1% |
| Financial income | 75/76B | €71 | - | -€71 | |
| Recurring financial income | 75 | €71 | - | -€71 | |
| Financial charges | 65/66B | €214 | €93 | -€121 | -56.4% |
| Recurring financial charges | 65 | €214 | €93 | -€121 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €53,700 | €29,442 | -€24,258 | -45.2% |
| Profit (loss) for the period | 9904 | €53,700 | €29,442 | -€24,258 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,700 | €29,442 | -€24,258 | -45.2% |
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 23 October 2026 via checked.be.