HMB UNITED: 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.
HMB UNITED
Largest movements
- Receivables within one year +€74,160
up €74,160 (+63.2%), from €117,339 to €191,498
of which Other amounts receivable: +€88,995
- Cash +€54,171
up €54,171 (+804%), from €6,742 to €60,913
mainly Tax, wage and social debts (+€60,559) and Net result for the year (+€53,079)
- Tax, wage and social debts +€60,559
up €60,559 (+110%), from €55,111 to €115,671
of which Taxes: +€36,986
- Profit (loss) carried forward +€53,079
up €53,079 (+43.0%), from €123,364 to €176,443
- Trade debts +€8,711
up €8,711 (+119%), from €7,347 to €16,058
- Accrued charges and deferred income +€4,381
new in 2024: €4,381
- Gross operating margin +€212,255
up €212,255 (+56.8%), from €373,529 to €585,784
- Staff costs +€110,456
up €110,456 (+33.4%), from €330,993 to €441,448
- Depreciation +€32,401
up €32,401 (+177%), from €18,300 to €50,701
- Taxes +€18,149
new in 2024: €18,149
- Other operating charges +€14,208
up €14,208 (+207%), from €6,851 to €21,059
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
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 | €192,671 | €319,401 | +€126,730 | +65.8% |
| Fixed assets | 21/28 | €68,590 | €66,990 | -€1,601 | -2.3% |
| Tangible fixed assets | 22/27 | €68,590 | €66,990 | -€1,601 | -2.3% |
| Furniture and vehicles | 24 | €68,590 | €66,990 | -€1,601 | -2.3% |
| Current assets | 29/58 | €124,080 | €252,411 | +€128,331 | +103% |
| Amounts receivable within one year | 40/41 | €117,339 | €191,498 | +€74,160 | +63.2% |
| Trade receivables | 40 | €31,355 | €16,519 | -€14,835 | -47.3% |
| Other amounts receivable | 41 | €85,984 | €174,979 | +€88,995 | +104% |
| Cash at bank and in hand | 54/58 | €6,742 | €60,913 | +€54,171 | +804% |
| Total equity and liabilities | 10/49 | €192,671 | €319,401 | +€126,730 | +65.8% |
| Equity | 10/15 | €130,213 | €183,292 | +€53,079 | +40.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €649 | €649 | = | 0.0% |
| Non-distributable reserves | 130/1 | €649 | €649 | = | 0.0% |
| Reserves not available under the articles | 1311 | €649 | €649 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,364 | €176,443 | +€53,079 | +43.0% |
| Amounts payable | 17/49 | €62,458 | €136,109 | +€73,651 | +118% |
| Amounts payable within one year | 42/48 | €62,458 | €131,728 | +€69,270 | +111% |
| Trade debts | 44 | €7,347 | €16,058 | +€8,711 | +119% |
| Suppliers | 440/4 | €7,347 | €16,058 | +€8,711 | +119% |
| Taxes, remuneration and social security | 45 | €55,111 | €115,671 | +€60,559 | +110% |
| Taxes | 450/3 | €17,669 | €54,655 | +€36,986 | +209% |
| Remuneration and social security | 454/9 | €37,442 | €61,016 | +€23,573 | +63.0% |
| Accrued charges and deferred income | 492/3 | - | €4,381 | +€4,381 | |
| Remuneration, social security and pensions | 62 | €330,993 | €441,448 | +€110,456 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,300 | €50,701 | +€32,401 | +177% |
| Other operating charges | 640/8 | €6,851 | €21,059 | +€14,208 | +207% |
| Gross operating margin | 9900 | €373,529 | €585,784 | +€212,255 | +56.8% |
| Operating profit (loss) | 9901 | €17,386 | €72,576 | +€55,191 | +317% |
| Financial charges | 65/66B | €139 | €1,348 | +€1,209 | +871% |
| Recurring financial charges | 65 | €139 | €1,348 | +€1,209 | +871% |
| Profit (loss) for the period before taxes | 9903 | €17,247 | €71,229 | +€53,982 | +313% |
| Income taxes | 67/77 | - | €18,149 | +€18,149 | |
| Profit (loss) for the period | 9904 | €17,247 | €53,079 | +€35,832 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €17,247 | €53,079 | +€35,832 | +208% |
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 30 October 2026 via checked.be.