HM TRADING: 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 TRADING
Largest movements
- Receivables within one year +€35,558
up €35,558 (+369.7%), from €9,617 to €45,175
of which Trade receivables: +€36,223
- Stocks and contracts +€20,500
up €20,500 (+33.1%), from €61,970 to €82,470
- Cash +€7,668
up €7,668 (+52.9%), from €14,494 to €22,162
mainly Trade debts (+€29,852) and Net result for the year (+€20,263)
- Deferred charges and accrued income -€2,113
down €2,113 (-97.2%), from €2,173 to €61
- Trade debts +€29,852
up €29,852 (+190.8%), from €15,647 to €45,499
- Profit (loss) carried forward +€20,263
up €20,263 (+30.7%), from €65,968 to €86,231
- Other debts +€9,712
up €9,712 (+1171.0%), from €829 to €10,541
- Tax, wage and social debts +€1,787
up €1,787 (+32.4%), from €5,510 to €7,297
of which Remuneration and social security: +€1,584
- Gross operating margin -€14,820
down €14,820 (-30.5%), from €48,634 to €33,814
- Staff costs +€8,133
new in 2024: €8,133
- Taxes -€6,777
down €6,777 (-62.7%), from €10,810 to €4,033
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 | €88,254 | €149,868 | +€61,613 | +69.8% |
| Current assets | 29/58 | €88,254 | €149,868 | +€61,613 | +69.8% |
| Stocks and contracts in progress | 3 | €61,970 | €82,470 | +€20,500 | +33.1% |
| Stocks | 30/36 | €61,970 | €82,470 | +€20,500 | +33.1% |
| Amounts receivable within one year | 40/41 | €9,617 | €45,175 | +€35,558 | +369.7% |
| Trade receivables | 40 | €894 | €37,117 | +€36,223 | +4050.2% |
| Other amounts receivable | 41 | €8,723 | €8,058 | -€665 | -7.6% |
| Cash at bank and in hand | 54/58 | €14,494 | €22,162 | +€7,668 | +52.9% |
| Deferred charges and accrued income | 490/1 | €2,173 | €61 | -€2,113 | -97.2% |
| Total equity and liabilities | 10/49 | €88,254 | €149,868 | +€61,613 | +69.8% |
| Equity | 10/15 | €66,268 | €86,531 | +€20,263 | +30.6% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Capital | 10 | €300 | €300 | = | 0.0% |
| Issued capital | 100 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,968 | €86,231 | +€20,263 | +30.7% |
| Amounts payable | 17/49 | €21,986 | €63,337 | +€41,351 | +188.1% |
| Amounts payable within one year | 42/48 | €21,986 | €63,337 | +€41,351 | +188.1% |
| Trade debts | 44 | €15,647 | €45,499 | +€29,852 | +190.8% |
| Suppliers | 440/4 | €15,647 | €45,499 | +€29,852 | +190.8% |
| Taxes, remuneration and social security | 45 | €5,510 | €7,297 | +€1,787 | +32.4% |
| Taxes | 450/3 | €5,510 | €5,713 | +€203 | +3.7% |
| Remuneration and social security | 454/9 | - | €1,584 | +€1,584 | |
| Other amounts payable | 47/48 | €829 | €10,541 | +€9,712 | +1171.0% |
| Remuneration, social security and pensions | 62 | - | €8,133 | +€8,133 | |
| Other operating charges | 640/8 | €1,012 | €784 | -€229 | -22.6% |
| Gross operating margin | 9900 | €48,634 | €33,814 | -€14,820 | -30.5% |
| Operating profit (loss) | 9901 | €47,622 | €24,898 | -€22,724 | -47.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -38.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -38.1% |
| Financial charges | 65/66B | €163 | €602 | +€439 | +269.9% |
| Recurring financial charges | 65 | €163 | €602 | +€439 | +269.9% |
| Profit (loss) for the period before taxes | 9903 | €47,459 | €24,296 | -€23,163 | -48.8% |
| Income taxes | 67/77 | €10,810 | €4,033 | -€6,777 | -62.7% |
| Profit (loss) for the period | 9904 | €36,649 | €20,263 | -€16,387 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,649 | €20,263 | -€16,387 | -44.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.