HM SEWERTECH SERVICES: 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 SEWERTECH SERVICES
Largest movements
- Receivables within one year -€211,319
down €211,319 (-29.5%), from €715,415 to €504,096
of which Trade receivables: -€284,369
- Current investments +€126,724
up €126,724 (+29.9%), from €423,763 to €550,488
- Tangible fixed assets +€40,824
up €40,824 (+4.1%), from €1.0m to €1.0m
of which Plant, machinery and equipment: +€38,277
- Profit (loss) carried forward +€216,383
up €216,383 (+28.0%), from €772,041 to €988,424
- Other debts -€197,328
down €197,328 (-59.8%), from €330,117 to €132,789
- Tax, wage and social debts -€69,344
down €69,344 (-33.9%), from €204,390 to €135,047
of which Taxes: -€100,871
- Current portion of long-term debt +€24,197
up €24,197 (+8.8%), from €274,686 to €298,883
- Gross operating margin +€111,762
up €111,762 (+7.1%), from €1.6m to €1.7m
- Staff costs +€105,106
up €105,106 (+13.2%), from €794,546 to €899,652
- Depreciation +€54,291
up €54,291 (+25.4%), from €213,724 to €268,015
- Taxes -€32,551
down €32,551 (-24.3%), from €133,702 to €101,151
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.
Cash bridge derived
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 | €2,383,797 | €2,346,790 | -€37,007 | -1.6% |
| Fixed assets | 21/28 | €1,046,117 | €1,086,084 | +€39,967 | +3.8% |
| Intangible fixed assets | 21 | €34,872 | €29,222 | -€5,651 | -16.2% |
| Tangible fixed assets | 22/27 | €1,002,173 | €1,042,997 | +€40,824 | +4.1% |
| Land and buildings | 22 | €370,656 | €360,340 | -€10,316 | -2.8% |
| Plant, machinery and equipment | 23 | €295,628 | €333,905 | +€38,277 | +12.9% |
| Furniture and vehicles | 24 | €252,691 | €289,102 | +€36,410 | +14.4% |
| Leasing and similar rights | 25 | €83,197 | €59,650 | -€23,547 | -28.3% |
| Financial fixed assets | 28 | €9,072 | €13,865 | +€4,793 | +52.8% |
| Current assets | 29/58 | €1,337,679 | €1,260,706 | -€76,974 | -5.8% |
| Stocks and contracts in progress | 3 | €8,500 | €7,750 | -€750 | -8.8% |
| Stocks | 30/36 | €8,500 | €7,750 | -€750 | -8.8% |
| Amounts receivable within one year | 40/41 | €715,415 | €504,096 | -€211,319 | -29.5% |
| Trade receivables | 40 | €702,686 | €418,317 | -€284,369 | -40.5% |
| Other amounts receivable | 41 | €12,728 | €85,779 | +€73,051 | +573.9% |
| Current investments | 50/53 | €423,763 | €550,488 | +€126,724 | +29.9% |
| Cash at bank and in hand | 54/58 | €182,601 | €185,019 | +€2,417 | +1.3% |
| Deferred charges and accrued income | 490/1 | €7,400 | €13,353 | +€5,953 | +80.5% |
| Total equity and liabilities | 10/49 | €2,383,797 | €2,346,790 | -€37,007 | -1.6% |
| Equity | 10/15 | €795,534 | €1,011,917 | +€216,383 | +27.2% |
| Contributions | 10/11 | €23,493 | €23,493 | = | 0.0% |
| Profit (loss) carried forward | 14 | €772,041 | €988,424 | +€216,383 | +28.0% |
| Amounts payable | 17/49 | €1,588,263 | €1,334,872 | -€253,390 | -16.0% |
| Amounts payable after more than one year | 17 | €604,492 | €619,499 | +€15,007 | +2.5% |
| Financial debts | 170/4 | €604,492 | €619,499 | +€15,007 | +2.5% |
| Amounts payable within one year | 42/48 | €977,293 | €715,374 | -€261,920 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €274,686 | €298,883 | +€24,197 | +8.8% |
| Trade debts | 44 | €168,099 | €148,655 | -€19,444 | -11.6% |
| Suppliers | 440/4 | €168,099 | €148,655 | -€19,444 | -11.6% |
| Taxes, remuneration and social security | 45 | €204,390 | €135,047 | -€69,344 | -33.9% |
| Taxes | 450/3 | €114,076 | €13,204 | -€100,871 | -88.4% |
| Remuneration and social security | 454/9 | €90,314 | €121,842 | +€31,528 | +34.9% |
| Other amounts payable | 47/48 | €330,117 | €132,789 | -€197,328 | -59.8% |
| Accrued charges and deferred income | 492/3 | €6,478 | - | -€6,478 | |
| Non-recurring operating income | 76A | €5,188 | €444 | -€4,743 | -91.4% |
| Remuneration, social security and pensions | 62 | €794,546 | €899,652 | +€105,106 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213,724 | €268,015 | +€54,291 | +25.4% |
| Other operating charges | 640/8 | €14,144 | €12,149 | -€1,995 | -14.1% |
| Non-recurring operating charges | 66A | €6,406 | €746 | -€5,660 | -88.4% |
| Gross operating margin | 9900 | €1,580,424 | €1,692,186 | +€111,762 | +7.1% |
| Operating profit (loss) | 9901 | €551,605 | €511,625 | -€39,980 | -7.2% |
| Financial income | 75/76B | €3,680 | €3,337 | -€343 | -9.3% |
| Recurring financial income | 75 | €3,680 | €3,337 | -€343 | -9.3% |
| Financial charges | 65/66B | €27,244 | €27,428 | +€183 | +0.7% |
| Recurring financial charges | 65 | €27,244 | €27,428 | +€183 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €528,040 | €487,534 | -€40,506 | -7.7% |
| Income taxes | 67/77 | €133,702 | €101,151 | -€32,551 | -24.3% |
| Profit (loss) for the period | 9904 | €394,338 | €386,383 | -€7,955 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €394,338 | €386,383 | -€7,955 | -2.0% |
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 12 October 2026 via checked.be.