HML Projects: what changed
Two fiscal 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.
HML Projects
Largest movements
- Receivables within one year -€957,918
down €957,918 (-98.8%), from €969,148 to €11,230
of which Trade receivables: -€965,518
- Tangible fixed assets +€111,256
up €111,256 (+718.4%), from €15,487 to €126,743
of which Land and buildings: +€119,042
- Cash -€42,720
down €42,720 (-65.8%), from €64,903 to €22,183
mainly Debts after one year (-€844,160) and Investment in fixed assets (net) (-€119,042)
- Deferred charges and accrued income +€16,770
new in 2024: €16,770
- Debts after one year -€844,160
no longer reported in 2024 (was €844,160)
- Reserves -€69,547
down €69,547 (-41.8%), from €166,455 to €96,908
of which Distributable reserves: -€69,547
- Other debts +€45,940
up €45,940 (+1415.0%), from €3,247 to €49,187
- Gross operating margin -€41,249
down €41,249, from €22,552 to -€18,697
- Financial charges +€10,749
up €10,749 (+493.9%), from €2,177 to €12,926
- Other operating charges -€714
down €714 (-61.4%), from €1,163 to €449
- Taxes -€580
no longer reported in 2024 (was €580)
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.
Cash bridge derived
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 | €1,049,537 | €176,925 | -€872,613 | -83.1% |
| Fixed assets | 21/28 | €15,487 | €126,743 | +€111,256 | +718.4% |
| Tangible fixed assets | 22/27 | €15,487 | €126,743 | +€111,256 | +718.4% |
| Land and buildings | 22 | - | €119,042 | +€119,042 | |
| Plant, machinery and equipment | 23 | €15,487 | €7,701 | -€7,786 | -50.3% |
| Current assets | 29/58 | €1,034,051 | €50,182 | -€983,869 | -95.1% |
| Amounts receivable within one year | 40/41 | €969,148 | €11,230 | -€957,918 | -98.8% |
| Trade receivables | 40 | €969,148 | €3,630 | -€965,518 | -99.6% |
| Other amounts receivable | 41 | - | €7,600 | +€7,600 | |
| Cash at bank and in hand | 54/58 | €64,903 | €22,183 | -€42,720 | -65.8% |
| Deferred charges and accrued income | 490/1 | - | €16,770 | +€16,770 | |
| Total equity and liabilities | 10/49 | €1,049,537 | €176,925 | -€872,613 | -83.1% |
| Equity | 10/15 | €172,655 | €103,108 | -€69,547 | -40.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €166,455 | €96,908 | -€69,547 | -41.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €164,595 | €95,048 | -€69,547 | -42.3% |
| Amounts payable | 17/49 | €876,882 | €73,817 | -€803,065 | -91.6% |
| Amounts payable after more than one year | 17 | €844,160 | - | -€844,160 | |
| Financial debts | 170/4 | €844,160 | - | -€844,160 | |
| Amounts payable within one year | 42/48 | €32,722 | €73,817 | +€41,094 | +125.6% |
| Trade debts | 44 | €23,318 | €24,629 | +€1,311 | +5.6% |
| Suppliers | 440/4 | €23,318 | €24,629 | +€1,311 | +5.6% |
| Taxes, remuneration and social security | 45 | €6,157 | - | -€6,157 | |
| Taxes | 450/3 | €6,157 | - | -€6,157 | |
| Other amounts payable | 47/48 | €3,247 | €49,187 | +€45,940 | +1415.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,786 | €7,786 | = | 0.0% |
| Other operating charges | 640/8 | €1,163 | €449 | -€714 | -61.4% |
| Non-recurring operating charges | 66A | €5,049 | - | -€5,049 | |
| Gross operating margin | 9900 | €22,552 | -€18,697 | -€41,249 | |
| Operating profit (loss) | 9901 | €8,555 | -€26,932 | -€35,487 | |
| Financial charges | 65/66B | €2,177 | €12,926 | +€10,749 | +493.9% |
| Recurring financial charges | 65 | €2,177 | €12,926 | +€10,749 | +493.9% |
| Profit (loss) for the period before taxes | 9903 | €6,378 | -€39,858 | -€46,236 | |
| Income taxes | 67/77 | €580 | - | -€580 | |
| Profit (loss) for the period | 9904 | €5,798 | -€39,858 | -€45,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,798 | -€39,858 | -€45,656 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.