HMA Designs: 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.
HMA Designs
Largest movements
- Tangible fixed assets -€26,545
down €26,545 (-35.7%), from €74,317 to €47,772
- Receivables within one year +€16,180
up €16,180 (+28.0%), from €57,697 to €73,877
of which Trade receivables: +€14,284
- Cash +€6,424
up €6,424 (+7.2%), from €88,893 to €95,318
mainly Net result for the year (+€33,572) and Depreciation (+€26,545)
- Deferred charges and accrued income +€2,455
up €2,455 (+62.9%), from €3,901 to €6,356
- Debts after one year -€12,324
no longer reported in 2025 (was €12,324)
- Reserves +€10,056
up €10,056 (+9.4%), from €107,264 to €117,320
- Gross operating margin +€51,248
up €51,248 (+184%), from €27,846 to €79,094
- Taxes +€15,991
up €15,991 (+1,683%), from €950 to €16,942
- Depreciation +€7,217
up €7,217 (+37.3%), from €19,328 to €26,545
- Other operating charges -€1,880
down €1,880 (-65.3%), from €2,880 to €1,001
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 | €224,808 | €223,322 | -€1,485 | -0.7% |
| Fixed assets | 21/28 | €74,317 | €47,772 | -€26,545 | -35.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €74,317 | €47,772 | -€26,545 | -35.7% |
| Plant, machinery and equipment | 23 | €7,312 | €5,317 | -€1,996 | -27.3% |
| Furniture and vehicles | 24 | €44,130 | €31,950 | -€12,180 | -27.6% |
| Leasing and similar rights | 25 | €22,874 | €10,505 | -€12,369 | -54.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €150,491 | €175,551 | +€25,060 | +16.7% |
| Amounts receivable within one year | 40/41 | €57,697 | €73,877 | +€16,180 | +28.0% |
| Trade receivables | 40 | €5,583 | €19,866 | +€14,284 | +256% |
| Other amounts receivable | 41 | €52,114 | €54,011 | +€1,897 | +3.6% |
| Cash at bank and in hand | 54/58 | €88,893 | €95,318 | +€6,424 | +7.2% |
| Deferred charges and accrued income | 490/1 | €3,901 | €6,356 | +€2,455 | +62.9% |
| Total equity and liabilities | 10/49 | €224,808 | €223,322 | -€1,485 | -0.7% |
| Equity | 10/15 | €135,796 | €145,852 | +€10,056 | +7.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €107,264 | €117,320 | +€10,056 | +9.4% |
| Distributable reserves | 133 | €107,264 | €117,320 | +€10,056 | +9.4% |
| Profit (loss) carried forward | 14 | €27,032 | €27,032 | = | 0.0% |
| Amounts payable | 17/49 | €89,012 | €77,470 | -€11,542 | -13.0% |
| Amounts payable after more than one year | 17 | €12,324 | - | -€12,324 | |
| Financial debts | 170/4 | €12,324 | - | -€12,324 | |
| Amounts payable within one year | 42/48 | €76,687 | €77,470 | +€783 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €11,393 | €11,232 | -€161 | -1.4% |
| Trade debts | 44 | €1,479 | €2,244 | +€765 | +51.7% |
| Suppliers | 440/4 | €1,479 | €2,244 | +€765 | +51.7% |
| Taxes, remuneration and social security | 45 | €18,906 | €16,960 | -€1,946 | -10.3% |
| Taxes | 450/3 | €18,906 | €16,960 | -€1,946 | -10.3% |
| Other amounts payable | 47/48 | €44,909 | €47,034 | +€2,125 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,328 | €26,545 | +€7,217 | +37.3% |
| Other operating charges | 640/8 | €2,880 | €1,001 | -€1,880 | -65.3% |
| Gross operating margin | 9900 | €27,846 | €79,094 | +€51,248 | +184% |
| Operating profit (loss) | 9901 | €5,638 | €51,549 | +€45,911 | +814% |
| Financial income | 75/76B | €2,920 | €3,008 | +€88 | +3.0% |
| Recurring financial income | 75 | €2,920 | €3,008 | +€88 | +3.0% |
| Financial charges | 65/66B | €4,649 | €4,043 | -€606 | -13.0% |
| Recurring financial charges | 65 | €4,649 | €4,043 | -€606 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €3,909 | €50,513 | +€46,605 | +1,192% |
| Income taxes | 67/77 | €950 | €16,942 | +€15,991 | +1,683% |
| Profit (loss) for the period | 9904 | €2,959 | €33,572 | +€30,613 | +1,035% |
| Profit (loss) for the period to be appropriated | 9905 | €2,959 | €33,572 | +€30,613 | +1,035% |
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 25 October 2026 via checked.be.