HMG TECHNICS: 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.
HMG TECHNICS
Largest movements
- Receivables within one year -€7,086
down €7,086 (-95.5%), from €7,422 to €337
of which Trade receivables: -€7,000
- Tangible fixed assets -€4,725
no longer reported in 2025 (was €4,725)
- Tax, wage and social debts -€9,700
down €9,700 (-96.8%), from €10,017 to €317
of which Remuneration and social security: -€9,600
- Other debts +€9,632
up €9,632 (+38.7%), from €24,873 to €34,506
- Advances received -€7,000
no longer reported in 2025 (was €7,000)
- Profit (loss) carried forward -€3,835
down €3,835 (-7.7%), from -€49,950 to -€53,784
- Short-term financial debts -€1,272
no longer reported in 2025 (was €1,272)
- Gross operating margin +€19,968
up €19,968 (+90.4%), from -€22,082 to -€2,114
- Depreciation -€3,255
no longer reported in 2025 (was €3,255)
- Other operating charges +€1,457
new in 2025: €1,457
- Financial charges -€943
down €943 (-85.5%), from €1,103 to €160
of which Financial charges: -€590
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 | €12,197 | €337 | -€11,860 | -97.2% |
| Fixed assets | 21/28 | €4,725 | - | -€4,725 | |
| Tangible fixed assets | 22/27 | €4,725 | - | -€4,725 | |
| Furniture and vehicles | 24 | €4,725 | - | -€4,725 | |
| Current assets | 29/58 | €7,472 | €337 | -€7,135 | -95.5% |
| Amounts receivable within one year | 40/41 | €7,422 | €337 | -€7,086 | -95.5% |
| Trade receivables | 40 | €7,000 | - | -€7,000 | |
| Other amounts receivable | 41 | €422 | €337 | -€86 | -20.3% |
| Cash at bank and in hand | 54/58 | €49 | - | -€49 | |
| Total equity and liabilities | 10/49 | €12,197 | €337 | -€11,860 | -97.2% |
| Equity | 10/15 | -€31,350 | -€35,184 | -€3,835 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,950 | -€53,784 | -€3,835 | -7.7% |
| Amounts payable | 17/49 | €43,547 | €35,521 | -€8,026 | -18.4% |
| Amounts payable within one year | 42/48 | €43,547 | €35,521 | -€8,026 | -18.4% |
| Financial debts | 43 | €1,272 | - | -€1,272 | |
| Credit institutions | 430/8 | €1,272 | - | -€1,272 | |
| Trade debts | 44 | €384 | €698 | +€314 | +81.6% |
| Suppliers | 440/4 | €384 | €698 | +€314 | +81.6% |
| Advances received on contracts in progress | 46 | €7,000 | - | -€7,000 | |
| Taxes, remuneration and social security | 45 | €10,017 | €317 | -€9,700 | -96.8% |
| Taxes | 450/3 | €417 | €317 | -€100 | -23.9% |
| Remuneration and social security | 454/9 | €9,600 | - | -€9,600 | |
| Other amounts payable | 47/48 | €24,873 | €34,506 | +€9,632 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,255 | - | -€3,255 | |
| Other operating charges | 640/8 | - | €1,457 | +€1,457 | |
| Gross operating margin | 9900 | -€22,082 | -€2,114 | +€19,968 | +90.4% |
| Operating profit (loss) | 9901 | -€25,337 | -€3,570 | +€21,767 | +85.9% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €1,103 | €160 | -€943 | -85.5% |
| Recurring financial charges | 65 | €750 | €160 | -€590 | -78.7% |
| Non-recurring financial charges | 66B | €353 | - | -€353 | |
| Profit (loss) for the period before taxes | 9903 | -€26,410 | -€3,730 | +€22,680 | +85.9% |
| Income taxes | 67/77 | €213 | €104 | -€109 | -51.0% |
| Profit (loss) for the period | 9904 | -€26,623 | -€3,835 | +€22,788 | +85.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,623 | -€3,835 | +€22,788 | +85.6% |
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 14 October 2026 via checked.be.