HMS TEAM: 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.
HMS TEAM
Largest movements
- Stocks and contracts +€385,320
up €385,320 (+120.4%), from €320,000 to €705,320
- Receivables within one year -€351,818
down €351,818 (-100.0%), from €351,818 to €0
- Cash -€163,456
down €163,456 (-51.2%), from €319,123 to €155,667
mainly Stocks and contracts (-€385,320) and Other debts (-€99,258)
- Other debts -€99,258
down €99,258 (-10.5%), from €949,786 to €850,528
- Trade debts -€19,613
down €19,613 (-100.0%), from €19,613 to €0
- Profit (loss) carried forward -€11,057
down €11,057, from €3,604 to -€7,452
- Gross operating margin +€39,956
up €39,956 (+85.5%), from -€46,715 to -€6,759
- Taxes -€19,563
down €19,563 (-100.0%), from €19,563 to €0
- Other operating charges +€874
up €874 (+26.3%), from €3,318 to €4,192
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 | €991,504 | €861,576 | -€129,928 | -13.1% |
| Current assets | 29/58 | €991,504 | €861,576 | -€129,928 | -13.1% |
| Stocks and contracts in progress | 3 | €320,000 | €705,320 | +€385,320 | +120.4% |
| Stocks | 30/36 | €320,000 | €705,320 | +€385,320 | +120.4% |
| Amounts receivable within one year | 40/41 | €351,818 | €0 | -€351,818 | -100.0% |
| Trade receivables | 40 | €351,818 | €0 | -€351,818 | -100.0% |
| Cash at bank and in hand | 54/58 | €319,123 | €155,667 | -€163,456 | -51.2% |
| Deferred charges and accrued income | 490/1 | €563 | €589 | +€27 | +4.7% |
| Total equity and liabilities | 10/49 | €991,504 | €861,576 | -€129,928 | -13.1% |
| Equity | 10/15 | €22,104 | €11,048 | -€11,057 | -50.0% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,604 | -€7,452 | -€11,057 | |
| Amounts payable | 17/49 | €969,400 | €850,528 | -€118,871 | -12.3% |
| Amounts payable within one year | 42/48 | €969,400 | €850,528 | -€118,871 | -12.3% |
| Trade debts | 44 | €19,613 | €0 | -€19,613 | -100.0% |
| Suppliers | 440/4 | €19,613 | €0 | -€19,613 | -100.0% |
| Other amounts payable | 47/48 | €949,786 | €850,528 | -€99,258 | -10.5% |
| Other operating charges | 640/8 | €3,318 | €4,192 | +€874 | +26.3% |
| Gross operating margin | 9900 | -€46,715 | -€6,759 | +€39,956 | +85.5% |
| Operating profit (loss) | 9901 | -€50,033 | -€10,951 | +€39,082 | +78.1% |
| Financial charges | 65/66B | €105 | €106 | +€1 | +0.8% |
| Recurring financial charges | 65 | €105 | €106 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€50,138 | -€11,057 | +€39,082 | +77.9% |
| Income taxes | 67/77 | €19,563 | €0 | -€19,563 | -100.0% |
| Profit (loss) for the period | 9904 | -€69,702 | -€11,057 | +€58,645 | +84.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,702 | -€11,057 | +€58,645 | +84.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.