HMTechnics: 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.
HMTechnics
Largest movements
- Tangible fixed assets +€322,122
up €322,122 (+689.7%), from €46,705 to €368,827
of which Land and buildings: +€328,887
- Cash +€13,898
up €13,898 (+13.8%), from €101,022 to €114,920
mainly Debts after one year (+€235,091) and Trade debts (+€44,739)
- Receivables within one year +€8,600
up €8,600 (+16.8%), from €51,116 to €59,717
of which Other amounts receivable: +€15,986
- Debts after one year +€235,091
up €235,091 (+1382.9%), from €17,000 to €252,090
- Trade debts +€44,739
up €44,739 (+7178.9%), from €623 to €45,362
- Current portion of long-term debt +€28,922
up €28,922 (+251.8%), from €11,488 to €40,409
- Other debts +€27,545
up €27,545 (+111.8%), from €24,632 to €52,176
- Reserves +€18,918
up €18,918 (+18.2%), from €104,020 to €122,938
- Gross operating margin -€18,180
down €18,180 (-24.5%), from €74,107 to €55,927
- Taxes -€12,891
no longer reported in 2025 (was €12,891)
- Depreciation +€10,828
up €10,828 (+80.1%), from €13,511 to €24,339
- Financial charges +€5,457
up €5,457 (+301.4%), from €1,810 to €7,267
- Other operating charges +€4,277
up €4,277 (+1193.8%), from €358 to €4,635
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 | €200,335 | €545,424 | +€345,088 | +172.3% |
| Fixed assets | 21/28 | €46,705 | €368,827 | +€322,122 | +689.7% |
| Tangible fixed assets | 22/27 | €46,705 | €368,827 | +€322,122 | +689.7% |
| Land and buildings | 22 | - | €328,887 | +€328,887 | |
| Plant, machinery and equipment | 23 | €6,925 | €11,324 | +€4,399 | +63.5% |
| Furniture and vehicles | 24 | €32,019 | €25,664 | -€6,355 | -19.8% |
| Leasing and similar rights | 25 | €7,762 | €2,952 | -€4,810 | -62.0% |
| Current assets | 29/58 | €153,630 | €176,597 | +€22,967 | +14.9% |
| Amounts receivable within one year | 40/41 | €51,116 | €59,717 | +€8,600 | +16.8% |
| Trade receivables | 40 | €50,187 | €42,802 | -€7,386 | -14.7% |
| Other amounts receivable | 41 | €929 | €16,915 | +€15,986 | +1720.4% |
| Cash at bank and in hand | 54/58 | €101,022 | €114,920 | +€13,898 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,960 | +€468 | +31.4% |
| Total equity and liabilities | 10/49 | €200,335 | €545,424 | +€345,088 | +172.3% |
| Equity | 10/15 | €119,020 | €137,938 | +€18,918 | +15.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €104,020 | €122,938 | +€18,918 | +18.2% |
| Distributable reserves | 133 | €104,020 | €122,938 | +€18,918 | +18.2% |
| Amounts payable | 17/49 | €81,316 | €407,486 | +€326,170 | +401.1% |
| Amounts payable after more than one year | 17 | €17,000 | €252,090 | +€235,091 | +1382.9% |
| Financial debts | 170/4 | €17,000 | €252,090 | +€235,091 | +1382.9% |
| Amounts payable within one year | 42/48 | €63,649 | €152,866 | +€89,217 | +140.2% |
| Current portion of amounts payable after more than one year | 42 | €11,488 | €40,409 | +€28,922 | +251.8% |
| Trade debts | 44 | €623 | €45,362 | +€44,739 | +7178.9% |
| Suppliers | 440/4 | €623 | €45,362 | +€44,739 | +7178.9% |
| Taxes, remuneration and social security | 45 | €26,906 | €14,918 | -€11,988 | -44.6% |
| Taxes | 450/3 | €24,806 | €14,918 | -€9,888 | -39.9% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €24,632 | €52,176 | +€27,545 | +111.8% |
| Accrued charges and deferred income | 492/3 | €667 | €2,529 | +€1,862 | +279.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,511 | €24,339 | +€10,828 | +80.1% |
| Other operating charges | 640/8 | €358 | €4,635 | +€4,277 | +1193.8% |
| Gross operating margin | 9900 | €74,107 | €55,927 | -€18,180 | -24.5% |
| Operating profit (loss) | 9901 | €60,238 | €26,953 | -€33,286 | -55.3% |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Financial charges | 65/66B | €1,810 | €7,267 | +€5,457 | +301.4% |
| Recurring financial charges | 65 | €1,810 | €7,267 | +€5,457 | +301.4% |
| Profit (loss) for the period before taxes | 9903 | €58,428 | €19,751 | -€38,677 | -66.2% |
| Income taxes | 67/77 | €12,891 | - | -€12,891 | |
| Profit (loss) for the period | 9904 | €45,537 | €19,751 | -€25,786 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,537 | €19,751 | -€25,786 | -56.6% |
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 11 October 2026 via checked.be.