HMC-IT: 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.
HMC-IT
Largest movements
- Receivables within one year +€25,378
up €25,378 (+593%), from €4,277 to €29,655
of which Trade receivables: +€15,270
- Cash -€2,624
down €2,624 (-17.7%), from €14,848 to €12,224
mainly Receivables within one year (-€25,378) and Contributions, distributions and other (-€22,704)
- Tangible fixed assets +€1,068
up €1,068 (+30.7%), from €3,474 to €4,542
- Other debts +€21,388
up €21,388 (+1,624%), from €1,317 to €22,704
- Tax, wage and social debts +€2,497
up €2,497 (+15.9%), from €15,674 to €18,171
of which Remuneration and social security: +€1,650
- Gross operating margin +€24,186
up €24,186 (+395%), from €6,126 to €30,312
- Other operating charges -€3,274
down €3,274 (-56.2%), from €5,822 to €2,549
- Taxes +€547
up €547 (+18.5%), from €2,962 to €3,509
- Depreciation -€307
down €307 (-17.1%), from €1,791 to €1,484
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 | €31,607 | €55,429 | +€23,822 | +75.4% |
| Fixed assets | 21/28 | €3,474 | €4,542 | +€1,068 | +30.7% |
| Tangible fixed assets | 22/27 | €3,474 | €4,542 | +€1,068 | +30.7% |
| Furniture and vehicles | 24 | €3,474 | €4,542 | +€1,068 | +30.7% |
| Current assets | 29/58 | €28,133 | €50,887 | +€22,754 | +80.9% |
| Stocks and contracts in progress | 3 | €9,008 | €9,008 | = | 0.0% |
| Stocks | 30/36 | €9,008 | €9,008 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,277 | €29,655 | +€25,378 | +593% |
| Trade receivables | 40 | €4,277 | €19,546 | +€15,270 | +357% |
| Other amounts receivable | 41 | - | €10,109 | +€10,109 | |
| Cash at bank and in hand | 54/58 | €14,848 | €12,224 | -€2,624 | -17.7% |
| Total equity and liabilities | 10/49 | €31,607 | €55,429 | +€23,822 | +75.4% |
| Equity | 10/15 | €11,876 | €11,876 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €6,876 | €6,876 | = | 0.0% |
| Amounts payable | 17/49 | €19,731 | €43,553 | +€23,822 | +121% |
| Amounts payable within one year | 42/48 | €19,731 | €43,553 | +€23,822 | +121% |
| Trade debts | 44 | €2,741 | €2,678 | -€63 | -2.3% |
| Suppliers | 440/4 | €2,741 | €2,678 | -€63 | -2.3% |
| Taxes, remuneration and social security | 45 | €15,674 | €18,171 | +€2,497 | +15.9% |
| Taxes | 450/3 | €15,674 | €16,521 | +€847 | +5.4% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €1,317 | €22,704 | +€21,388 | +1,624% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,791 | €1,484 | -€307 | -17.1% |
| Other operating charges | 640/8 | €5,822 | €2,549 | -€3,274 | -56.2% |
| Gross operating margin | 9900 | €6,126 | €30,312 | +€24,186 | +395% |
| Operating profit (loss) | 9901 | -€1,487 | €26,279 | +€27,767 | |
| Financial income | 75/76B | €0 | €200 | +€200 | +2,002,400% |
| Recurring financial income | 75 | €0 | €200 | +€200 | +2,002,400% |
| Financial charges | 65/66B | €198 | €266 | +€68 | +34.3% |
| Recurring financial charges | 65 | €198 | €266 | +€68 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,685 | €26,214 | +€27,899 | |
| Income taxes | 67/77 | €2,962 | €3,509 | +€547 | +18.5% |
| Profit (loss) for the period | 9904 | -€4,647 | €22,704 | +€27,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,647 | €22,704 | +€27,351 |
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 20 October 2026 via checked.be.