HMBK: 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.
HMBK
Largest movements
- Tangible fixed assets +€19,793
up €19,793 (+59.0%), from €33,536 to €53,329
of which Other tangible fixed assets: +€12,554
- Receivables within one year +€19,783
up €19,783 (+88.7%), from €22,311 to €42,094
of which Other amounts receivable: +€19,283
- Cash -€6,244
down €6,244 (-12.1%), from €51,587 to €45,344
mainly Investment in fixed assets (net) (-€35,746) and Other debts (-€29,664)
- Deferred charges and accrued income +€2,000
new in 2024: €2,000
- Profit (loss) carried forward +€50,205
up €50,205 (+226%), from €22,247 to €72,452
- Other debts -€29,664
down €29,664 (-93.8%), from €31,625 to €1,961
- Tax, wage and social debts +€12,983
up €12,983 (+49.9%), from €26,018 to €39,001
of which Remuneration and social security: +€21,868
- Gross operating margin +€60,347
up €60,347 (+22.6%), from €267,579 to €327,926
- Staff costs +€50,719
up €50,719 (+27.7%), from €183,157 to €233,876
- Taxes +€13,230
up €13,230 (+1,718%), from €770 to €14,000
- Financial charges +€8,262
up €8,262 (+351%), from €2,355 to €10,616
of which Non-recurring financial charges: +€8,446
- Depreciation +€5,043
up €5,043 (+46.2%), from €10,909 to €15,953
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 | €126,429 | €160,609 | +€34,180 | +27.0% |
| Fixed assets | 21/28 | €41,536 | €61,329 | +€19,793 | +47.7% |
| Tangible fixed assets | 22/27 | €33,536 | €53,329 | +€19,793 | +59.0% |
| Plant, machinery and equipment | 23 | €13,714 | €15,379 | +€1,665 | +12.1% |
| Furniture and vehicles | 24 | €1,380 | €6,954 | +€5,574 | +404% |
| Other tangible fixed assets | 26 | €18,441 | €30,996 | +€12,554 | +68.1% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €84,893 | €99,280 | +€14,387 | +16.9% |
| Stocks and contracts in progress | 3 | €10,995 | €9,843 | -€1,153 | -10.5% |
| Stocks | 30/36 | €10,995 | €9,843 | -€1,153 | -10.5% |
| Amounts receivable within one year | 40/41 | €22,311 | €42,094 | +€19,783 | +88.7% |
| Trade receivables | 40 | - | €500 | +€500 | |
| Other amounts receivable | 41 | €22,311 | €41,594 | +€19,283 | +86.4% |
| Cash at bank and in hand | 54/58 | €51,587 | €45,344 | -€6,244 | -12.1% |
| Deferred charges and accrued income | 490/1 | - | €2,000 | +€2,000 | |
| Total equity and liabilities | 10/49 | €126,429 | €160,609 | +€34,180 | +27.0% |
| Equity | 10/15 | €52,247 | €102,452 | +€50,205 | +96.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,247 | €72,452 | +€50,205 | +226% |
| Amounts payable | 17/49 | €74,182 | €58,157 | -€16,025 | -21.6% |
| Amounts payable within one year | 42/48 | €74,182 | €58,157 | -€16,025 | -21.6% |
| Trade debts | 44 | €16,539 | €17,195 | +€656 | +4.0% |
| Suppliers | 440/4 | €16,539 | €17,195 | +€656 | +4.0% |
| Taxes, remuneration and social security | 45 | €26,018 | €39,001 | +€12,983 | +49.9% |
| Taxes | 450/3 | €11,088 | €2,204 | -€8,885 | -80.1% |
| Remuneration and social security | 454/9 | €14,929 | €36,798 | +€21,868 | +146% |
| Other amounts payable | 47/48 | €31,625 | €1,961 | -€29,664 | -93.8% |
| Remuneration, social security and pensions | 62 | €183,157 | €233,876 | +€50,719 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,909 | €15,953 | +€5,043 | +46.2% |
| Other operating charges | 640/8 | €6,134 | €3,371 | -€2,763 | -45.0% |
| Gross operating margin | 9900 | €267,579 | €327,926 | +€60,347 | +22.6% |
| Operating profit (loss) | 9901 | €67,379 | €74,726 | +€7,348 | +10.9% |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | €2,355 | €10,616 | +€8,262 | +351% |
| Recurring financial charges | 65 | €2,355 | €2,171 | -€184 | -7.8% |
| Non-recurring financial charges | 66B | - | €8,446 | +€8,446 | |
| Profit (loss) for the period before taxes | 9903 | €65,024 | €64,205 | -€819 | -1.3% |
| Income taxes | 67/77 | €770 | €14,000 | +€13,230 | +1,718% |
| Profit (loss) for the period | 9904 | €64,254 | €50,205 | -€14,049 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,254 | €50,205 | -€14,049 | -21.9% |
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 15 October 2026 via checked.be.