HMCGeneral: 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.
HMCGeneral
Largest movements
- Receivables within one year +€9,349
up €9,349 (+33.2%), from €28,150 to €37,499
of which Other amounts receivable: +€12,412
- Cash -€2,560
down €2,560 (-17.7%), from €14,442 to €11,882
mainly Receivables within one year (-€9,349) and Debts after one year (-€5,548)
- Tangible fixed assets -€1,545
down €1,545 (-9.9%), from €15,577 to €14,032
of which Furniture and vehicles: -€1,217
- Trade debts +€8,584
up €8,584 (+265.3%), from €3,236 to €11,820
- Debts after one year -€5,548
down €5,548 (-21.3%), from €26,051 to €20,502
- Profit (loss) carried forward +€4,881
up €4,881 (+19.5%), from €25,083 to €29,964
- Tax, wage and social debts -€2,572
no longer reported in 2025 (was €2,572)
- Purchases and services -€94,943
no longer reported in 2025 (was €94,943)
- Gross operating margin +€32,721
up €32,721 (+111.9%), from €29,228 to €61,949
- Staff costs +€26,067
up €26,067 (+107.8%), from €24,173 to €50,240
- Financial charges -€6,216
down €6,216 (-79.5%), from €7,815 to €1,599
- Other operating charges +€2,095
up €2,095 (+409.5%), from €512 to €2,607
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.
Cash bridge derived
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 | €61,442 | €66,787 | +€5,345 | +8.7% |
| Fixed assets | 21/28 | €15,782 | €14,237 | -€1,545 | -9.8% |
| Tangible fixed assets | 22/27 | €15,577 | €14,032 | -€1,545 | -9.9% |
| Plant, machinery and equipment | 23 | €645 | €317 | -€328 | -50.9% |
| Furniture and vehicles | 24 | €14,932 | €13,715 | -€1,217 | -8.1% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €45,660 | €52,550 | +€6,890 | +15.1% |
| Amounts receivable within one year | 40/41 | €28,150 | €37,499 | +€9,349 | +33.2% |
| Trade receivables | 40 | €3,063 | - | -€3,063 | |
| Other amounts receivable | 41 | €25,088 | €37,499 | +€12,412 | +49.5% |
| Cash at bank and in hand | 54/58 | €14,442 | €11,882 | -€2,560 | -17.7% |
| Deferred charges and accrued income | 490/1 | €3,068 | €3,169 | +€101 | +3.3% |
| Total equity and liabilities | 10/49 | €61,442 | €66,787 | +€5,345 | +8.7% |
| Equity | 10/15 | €29,583 | €34,464 | +€4,881 | +16.5% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,083 | €29,964 | +€4,881 | +19.5% |
| Amounts payable | 17/49 | €31,859 | €32,323 | +€464 | +1.5% |
| Amounts payable after more than one year | 17 | €26,051 | €20,502 | -€5,548 | -21.3% |
| Financial debts | 170/4 | €26,051 | €20,502 | -€5,548 | -21.3% |
| Amounts payable within one year | 42/48 | €5,808 | €11,820 | +€6,012 | +103.5% |
| Trade debts | 44 | €3,236 | €11,820 | +€8,584 | +265.3% |
| Suppliers | 440/4 | €3,236 | €11,820 | +€8,584 | +265.3% |
| Taxes, remuneration and social security | 45 | €2,572 | - | -€2,572 | |
| Taxes | 450/3 | €2,572 | - | -€2,572 | |
| Goods, raw materials, services and sundry goods | 60/61 | €94,943 | - | -€94,943 | |
| Remuneration, social security and pensions | 62 | €24,173 | €50,240 | +€26,067 | +107.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,584 | €3,640 | -€944 | -20.6% |
| Other operating charges | 640/8 | €512 | €2,607 | +€2,095 | +409.5% |
| Gross operating margin | 9900 | €29,228 | €61,949 | +€32,721 | +111.9% |
| Operating profit (loss) | 9901 | -€40 | €5,462 | +€5,502 | |
| Financial income | 75/76B | - | €1,016 | +€1,016 | |
| Recurring financial income | 75 | - | €1,016 | +€1,016 | |
| Financial charges | 65/66B | €7,815 | €1,599 | -€6,216 | -79.5% |
| Recurring financial charges | 65 | €7,815 | €1,599 | -€6,216 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,855 | €4,880 | +€12,735 | |
| Income taxes | 67/77 | - | -€2 | -€2 | |
| Profit (loss) for the period | 9904 | -€7,855 | €4,881 | +€12,736 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,855 | €4,881 | +€12,736 |
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 11 October 2026 via checked.be.