HMA 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.
HMA TRADING
Largest movements
- Tangible fixed assets -€1,804
down €1,804 (-50.1%), from €3,603 to €1,799
- Profit (loss) carried forward -€1,999
down €1,999 (-2.2%), from -€92,574 to -€94,573
- Gross operating margin +€71,664
no longer reported in 2024 (was -€71,664)
- Staff costs -€5,514
no longer reported in 2024 (was €5,514)
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,704 | €20,900 | -€1,804 | -7.9% |
| Fixed assets | 21/28 | €3,603 | €1,799 | -€1,804 | -50.1% |
| Tangible fixed assets | 22/27 | €3,603 | €1,799 | -€1,804 | -50.1% |
| Furniture and vehicles | 24 | €3,603 | €1,799 | -€1,804 | -50.1% |
| Current assets | 29/58 | €19,101 | €19,101 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,101 | €19,101 | = | 0.0% |
| Trade receivables | 40 | €15,003 | €15,003 | = | 0.0% |
| Other amounts receivable | 41 | €4,098 | €4,098 | = | 0.0% |
| Total equity and liabilities | 10/49 | €22,704 | €20,900 | -€1,804 | -7.9% |
| Equity | 10/15 | -€72,874 | -€74,873 | -€1,999 | -2.7% |
| Contributions | 10/11 | €19,700 | €19,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,574 | -€94,573 | -€1,999 | -2.2% |
| Amounts payable | 17/49 | €95,578 | €95,773 | +€195 | +0.2% |
| Amounts payable within one year | 42/48 | €95,578 | €95,773 | +€195 | +0.2% |
| Financial debts | 43 | €20 | €215 | +€195 | +987% |
| Credit institutions | 430/8 | €20 | €215 | +€195 | +987% |
| Trade debts | 44 | €7,046 | €7,046 | = | 0.0% |
| Suppliers | 440/4 | €7,046 | €7,046 | = | 0.0% |
| Advances received on contracts in progress | 46 | €60,268 | €60,268 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €911 | €911 | = | 0.0% |
| Taxes | 450/3 | €38 | €38 | = | 0.0% |
| Remuneration and social security | 454/9 | €873 | €873 | = | 0.0% |
| Other amounts payable | 47/48 | €27,334 | €27,334 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €5,514 | - | -€5,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,797 | €1,804 | +€7 | +0.4% |
| Gross operating margin | 9900 | -€71,664 | - | +€71,664 | |
| Operating profit (loss) | 9901 | -€78,976 | -€1,804 | +€77,172 | +97.7% |
| Financial charges | 65/66B | - | €195 | +€195 | |
| Recurring financial charges | 65 | - | €195 | +€195 | |
| Profit (loss) for the period before taxes | 9903 | -€78,976 | -€1,999 | +€76,977 | +97.5% |
| Profit (loss) for the period | 9904 | -€78,976 | -€1,999 | +€76,977 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,976 | -€1,999 | +€76,977 | +97.5% |
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 13 October 2026 via checked.be.