HMSoft: 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.
HMSoft
Largest movements
- Receivables within one year -€130,007
down €130,007 (-78.2%), from €166,157 to €36,151
of which Trade receivables: -€155,717
- Cash +€67,736
up €67,736 (+60.8%), from €111,351 to €179,087
mainly Receivables within one year (+€130,007) and Net result for the year (+€27,065)
- Receivables after one year -€12,463
down €12,463 (-10.9%), from €114,033 to €101,570
- Tangible fixed assets -€11,576
down €11,576 (-16.6%), from €69,919 to €58,343
- Other debts -€39,428
no longer reported in 2025 (was €39,428)
- Tax, wage and social debts -€39,264
down €39,264 (-73.4%), from €53,473 to €14,209
- Trade debts -€14,184
down €14,184 (-91.7%), from €15,472 to €1,287
- Reserves +€11,140
up €11,140 (+5.4%), from €204,860 to €216,000
of which Distributable reserves: +€13,000
- Debts after one year -€5,353
down €5,353 (-11.5%), from €46,469 to €41,116
- Gross operating margin -€7,554
down €7,554 (-11.7%), from €64,588 to €57,035
- Taxes -€3,645
down €3,645 (-23.3%), from €15,644 to €11,999
- Depreciation +€2,456
up €2,456 (+26.9%), from €9,120 to €11,576
- Financial charges +€1,066
up €1,066 (+54.8%), from €1,945 to €3,010
- Other operating charges +€676
up €676 (+25.0%), from €2,708 to €3,384
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 | €461,460 | €375,151 | -€86,310 | -18.7% |
| Fixed assets | 21/28 | €69,919 | €58,343 | -€11,576 | -16.6% |
| Tangible fixed assets | 22/27 | €69,919 | €58,343 | -€11,576 | -16.6% |
| Land and buildings | 22 | €43,265 | €39,044 | -€4,221 | -9.8% |
| Plant, machinery and equipment | 23 | €1,702 | €318 | -€1,384 | -81.3% |
| Furniture and vehicles | 24 | €10,720 | €7,746 | -€2,974 | -27.7% |
| Other tangible fixed assets | 26 | €14,231 | €11,234 | -€2,997 | -21.1% |
| Current assets | 29/58 | €391,542 | €316,808 | -€74,734 | -19.1% |
| Amounts receivable after more than one year | 29 | €114,033 | €101,570 | -€12,463 | -10.9% |
| Other amounts receivable | 291 | €114,033 | €101,570 | -€12,463 | -10.9% |
| Amounts receivable within one year | 40/41 | €166,157 | €36,151 | -€130,007 | -78.2% |
| Trade receivables | 40 | €166,157 | €10,440 | -€155,717 | -93.7% |
| Other amounts receivable | 41 | - | €25,711 | +€25,711 | |
| Cash at bank and in hand | 54/58 | €111,351 | €179,087 | +€67,736 | +60.8% |
| Total equity and liabilities | 10/49 | €461,460 | €375,151 | -€86,310 | -18.7% |
| Equity | 10/15 | €300,920 | €313,185 | +€12,265 | +4.1% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €204,860 | €216,000 | +€11,140 | +5.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €203,000 | €216,000 | +€13,000 | +6.4% |
| Profit (loss) carried forward | 14 | €89,860 | €89,125 | -€735 | -0.8% |
| Amounts payable | 17/49 | €160,540 | €61,965 | -€98,575 | -61.4% |
| Amounts payable after more than one year | 17 | €46,469 | €41,116 | -€5,353 | -11.5% |
| Financial debts | 170/4 | €46,469 | €41,116 | -€5,353 | -11.5% |
| Amounts payable within one year | 42/48 | €114,072 | €20,849 | -€93,222 | -81.7% |
| Current portion of amounts payable after more than one year | 42 | €5,699 | €5,353 | -€347 | -6.1% |
| Trade debts | 44 | €15,472 | €1,287 | -€14,184 | -91.7% |
| Suppliers | 440/4 | €15,472 | €1,287 | -€14,184 | -91.7% |
| Taxes, remuneration and social security | 45 | €53,473 | €14,209 | -€39,264 | -73.4% |
| Taxes | 450/3 | €53,473 | €14,209 | -€39,264 | -73.4% |
| Other amounts payable | 47/48 | €39,428 | - | -€39,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,120 | €11,576 | +€2,456 | +26.9% |
| Other operating charges | 640/8 | €2,708 | €3,384 | +€676 | +25.0% |
| Gross operating margin | 9900 | €64,588 | €57,035 | -€7,554 | -11.7% |
| Operating profit (loss) | 9901 | €52,760 | €42,075 | -€10,685 | -20.3% |
| Financial charges | 65/66B | €1,945 | €3,010 | +€1,066 | +54.8% |
| Recurring financial charges | 65 | €1,945 | €3,010 | +€1,066 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €50,815 | €39,064 | -€11,751 | -23.1% |
| Income taxes | 67/77 | €15,644 | €11,999 | -€3,645 | -23.3% |
| Profit (loss) for the period | 9904 | €35,171 | €27,065 | -€8,106 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,171 | €27,065 | -€8,106 | -23.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.