HMS COMPANY: what changed
HMS COMPANY
Largest movements
- Cash +€138,373
up €138,373 (+80.2%), from €172,573 to €310,946
mainly Net result for the year (+€175,032) and Other debts (+€70,000)
- Receivables within one year +€8,014
up €8,014 (+13.8%), from €57,971 to €65,984
of which Other amounts receivable: +€55,374
- Tangible fixed assets -€4,427
down €4,427 (-20.7%), from €21,388 to €16,961
of which Furniture and vehicles: -€2,608
- Reserves +€90,000
up €90,000 (+226%), from €39,860 to €129,860
of which Distributable reserves: +€90,000
- Other debts +€70,000
new in 2025: €70,000
- Trade debts -€62,179
down €62,179 (-88.7%), from €70,082 to €7,903
- Tax, wage and social debts +€29,425
up €29,425 (+114%), from €25,749 to €55,174
- Profit (loss) carried forward +€15,032
up €15,032 (+12.7%), from €117,963 to €132,995
- Gross operating margin +€192,948
up €192,948 (+111%), from €174,546 to €367,493
- Taxes +€28,670
up €28,670 (+245%), from €11,684 to €40,354
- Staff costs +€24,529
up €24,529 (+22.5%), from €109,225 to €133,754
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,171 | €414,532 | +€140,361 | +51.2% |
| Fixed assets | 21/28 | €36,872 | €32,445 | -€4,427 | -12.0% |
| Tangible fixed assets | 22/27 | €21,388 | €16,961 | -€4,427 | -20.7% |
| Plant, machinery and equipment | 23 | €11,118 | €9,298 | -€1,819 | -16.4% |
| Furniture and vehicles | 24 | €10,270 | €7,662 | -€2,608 | -25.4% |
| Financial fixed assets | 28 | €15,484 | €15,484 | = | 0.0% |
| Current assets | 29/58 | €237,298 | €382,087 | +€144,788 | +61.0% |
| Stocks and contracts in progress | 3 | €6,755 | €5,156 | -€1,598 | -23.7% |
| Stocks | 30/36 | €6,755 | €5,156 | -€1,598 | -23.7% |
| Amounts receivable within one year | 40/41 | €57,971 | €65,984 | +€8,014 | +13.8% |
| Trade receivables | 40 | €47,360 | - | -€47,360 | |
| Other amounts receivable | 41 | €10,610 | €65,984 | +€55,374 | +522% |
| Cash at bank and in hand | 54/58 | €172,573 | €310,946 | +€138,373 | +80.2% |
| Total equity and liabilities | 10/49 | €274,171 | €414,532 | +€140,361 | +51.2% |
| Equity | 10/15 | €176,423 | €281,455 | +€105,032 | +59.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,860 | €129,860 | +€90,000 | +226% |
| 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 | €38,000 | €128,000 | +€90,000 | +237% |
| Profit (loss) carried forward | 14 | €117,963 | €132,995 | +€15,032 | +12.7% |
| Amounts payable | 17/49 | €97,748 | €133,077 | +€35,329 | +36.1% |
| Amounts payable within one year | 42/48 | €97,748 | €133,077 | +€35,329 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €1,917 | - | -€1,917 | |
| Trade debts | 44 | €70,082 | €7,903 | -€62,179 | -88.7% |
| Suppliers | 440/4 | €70,082 | €7,903 | -€62,179 | -88.7% |
| Taxes, remuneration and social security | 45 | €25,749 | €55,174 | +€29,425 | +114% |
| Taxes | 450/3 | €25,749 | €55,174 | +€29,425 | +114% |
| Other amounts payable | 47/48 | - | €70,000 | +€70,000 | |
| Remuneration, social security and pensions | 62 | €109,225 | €133,754 | +€24,529 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,855 | €4,427 | +€2,573 | +139% |
| Other operating charges | 640/8 | €12,216 | €9,804 | -€2,412 | -19.7% |
| Non-recurring operating charges | 66A | €126 | €3,087 | +€2,961 | +2,346% |
| Gross operating margin | 9900 | €174,546 | €367,493 | +€192,948 | +111% |
| Operating profit (loss) | 9901 | €51,124 | €216,422 | +€165,298 | +323% |
| Financial income | 75/76B | €1,705 | - | -€1,705 | |
| Recurring financial income | 75 | €1,705 | - | -€1,705 | |
| Financial charges | 65/66B | €2,346 | €1,036 | -€1,310 | -55.8% |
| Recurring financial charges | 65 | €2,346 | €1,036 | -€1,310 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €50,483 | €215,386 | +€164,903 | +327% |
| Income taxes | 67/77 | €11,684 | €40,354 | +€28,670 | +245% |
| Profit (loss) for the period | 9904 | €38,799 | €175,032 | +€136,233 | +351% |
| Profit (loss) for the period to be appropriated | 9905 | €38,799 | €175,032 | +€136,233 | +351% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.