HMS GROUP: 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.
HMS GROUP
Largest movements
- Tangible fixed assets +€24,072
up €24,072 (+61.0%), from €39,480 to €63,552
of which Furniture and vehicles: +€27,850
- Other debts -€18,370
down €18,370 (-26.8%), from €68,505 to €50,135
- Current portion of long-term debt +€17,463
up €17,463 (+257.7%), from €6,776 to €24,240
- Profit (loss) carried forward +€15,496
up €15,496 (+2.2%), from €705,303 to €720,798
- Accrued charges and deferred income +€15,299
up €15,299 (+98.1%), from €15,595 to €30,894
- Trade debts +€14,427
up €14,427 (+456.9%), from €3,158 to €17,585
- Financial charges -€47,672
down €47,672 (-71.4%), from €66,767 to €19,095
- Gross operating margin +€15,944
up €15,944 (+30.0%), from €53,134 to €69,078
- Depreciation +€6,587
up €6,587 (+41.1%), from €16,027 to €22,614
- Other operating charges +€4,815
up €4,815 (+186.7%), from €2,579 to €7,394
- Taxes +€3,824
up €3,824 (+565.3%), from €676 to €4,500
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 | €1,221,481 | €1,258,247 | +€36,765 | +3.0% |
| Fixed assets | 21/28 | €1,184,480 | €1,208,552 | +€24,072 | +2.0% |
| Tangible fixed assets | 22/27 | €39,480 | €63,552 | +€24,072 | +61.0% |
| Plant, machinery and equipment | 23 | €2,117 | €1,510 | -€607 | -28.7% |
| Furniture and vehicles | 24 | €25,570 | €53,420 | +€27,850 | +108.9% |
| Other tangible fixed assets | 26 | €11,792 | €8,622 | -€3,171 | -26.9% |
| Financial fixed assets | 28 | €1,145,000 | €1,145,000 | = | 0.0% |
| Current assets | 29/58 | €37,002 | €49,695 | +€12,693 | +34.3% |
| Amounts receivable within one year | 40/41 | €30,478 | €39,717 | +€9,239 | +30.3% |
| Trade receivables | 40 | €29,945 | €29,217 | -€728 | -2.4% |
| Other amounts receivable | 41 | €533 | €10,500 | +€9,967 | +1869.1% |
| Cash at bank and in hand | 54/58 | €3,695 | €3,393 | -€302 | -8.2% |
| Deferred charges and accrued income | 490/1 | €2,829 | €6,585 | +€3,756 | +132.8% |
| Total equity and liabilities | 10/49 | €1,221,481 | €1,258,247 | +€36,765 | +3.0% |
| Equity | 10/15 | €897,803 | €913,298 | +€15,496 | +1.7% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €17,500 | €17,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €705,303 | €720,798 | +€15,496 | +2.2% |
| Amounts payable | 17/49 | €323,679 | €344,949 | +€21,270 | +6.6% |
| Amounts payable after more than one year | 17 | €220,244 | €212,026 | -€8,219 | -3.7% |
| Financial debts | 170/4 | €2,854 | €32,122 | +€29,268 | +1025.6% |
| Other amounts payable | 178/9 | €217,391 | €179,904 | -€37,487 | -17.2% |
| Amounts payable within one year | 42/48 | €87,840 | €102,029 | +€14,189 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €6,776 | €24,240 | +€17,463 | +257.7% |
| Trade debts | 44 | €3,158 | €17,585 | +€14,427 | +456.9% |
| Suppliers | 440/4 | €3,158 | €17,585 | +€14,427 | +456.9% |
| Taxes, remuneration and social security | 45 | €9,401 | €10,070 | +€669 | +7.1% |
| Taxes | 450/3 | €9,401 | €8,729 | -€672 | -7.1% |
| Remuneration and social security | 454/9 | - | €1,341 | +€1,341 | |
| Other amounts payable | 47/48 | €68,505 | €50,135 | -€18,370 | -26.8% |
| Accrued charges and deferred income | 492/3 | €15,595 | €30,894 | +€15,299 | +98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,027 | €22,614 | +€6,587 | +41.1% |
| Other operating charges | 640/8 | €2,579 | €7,394 | +€4,815 | +186.7% |
| Gross operating margin | 9900 | €53,134 | €69,078 | +€15,944 | +30.0% |
| Operating profit (loss) | 9901 | €34,528 | €39,071 | +€4,543 | +13.2% |
| Financial income | 75/76B | €177 | €20 | -€157 | -88.6% |
| Recurring financial income | 75 | €177 | €20 | -€157 | -88.6% |
| Financial charges | 65/66B | €66,767 | €19,095 | -€47,672 | -71.4% |
| Recurring financial charges | 65 | €66,767 | €19,095 | -€47,672 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,062 | €19,996 | +€52,057 | |
| Income taxes | 67/77 | €676 | €4,500 | +€3,824 | +565.3% |
| Profit (loss) for the period | 9904 | -€32,738 | €15,496 | +€48,234 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,738 | €15,496 | +€48,234 |
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 10 October 2026 via checked.be.