HN MANAGEMENT: 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.
HN MANAGEMENT
Largest movements
- Cash -€3,573
down €3,573 (-11.0%), from €32,624 to €29,051
mainly Tax, wage and social debts (-€3,968) and Net result for the year (-€2,820)
- Receivables within one year +€1,313
up €1,313 (+3.4%), from €38,624 to €39,936
of which Trade receivables: +€1,313
- Other debts +€4,416
up €4,416 (+19.7%), from €22,367 to €26,783
- Tax, wage and social debts -€3,968
down €3,968 (-35.2%), from €11,272 to €7,304
of which Remuneration and social security: -€3,621
- Profit (loss) carried forward -€2,820
new in 2025: -€2,820
- Staff costs +€3,852
up €3,852 (+14.8%), from €26,098 to €29,950
- Taxes -€505
no longer reported in 2025 (was €505)
- Gross operating margin +€385
up €385 (+1.4%), from €27,006 to €27,391
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.
Derived cash bridge
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 | €71,453 | €69,194 | -€2,260 | -3.2% |
| Current assets | 29/58 | €71,453 | €69,194 | -€2,260 | -3.2% |
| Amounts receivable within one year | 40/41 | €38,624 | €39,936 | +€1,313 | +3.4% |
| Trade receivables | 40 | €7,744 | €9,057 | +€1,313 | +16.9% |
| Other amounts receivable | 41 | €30,880 | €30,880 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,624 | €29,051 | -€3,573 | -11.0% |
| Deferred charges and accrued income | 490/1 | €206 | €207 | +€1 | +0.4% |
| Total equity and liabilities | 10/49 | €71,453 | €69,194 | -€2,260 | -3.2% |
| Equity | 10/15 | €37,113 | €34,293 | -€2,820 | -7.6% |
| Contributions | 10/11 | €4,146 | €4,146 | = | 0.0% |
| Reserves | 13 | €32,967 | €32,967 | = | 0.0% |
| Distributable reserves | 133 | €32,967 | €32,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,820 | -€2,820 | |
| Amounts payable | 17/49 | €34,340 | €34,901 | +€561 | +1.6% |
| Amounts payable within one year | 42/48 | €34,340 | €34,901 | +€561 | +1.6% |
| Trade debts | 44 | €702 | €815 | +€113 | +16.1% |
| Suppliers | 440/4 | €702 | €815 | +€113 | +16.1% |
| Taxes, remuneration and social security | 45 | €11,272 | €7,304 | -€3,968 | -35.2% |
| Taxes | 450/3 | €3,962 | €3,614 | -€347 | -8.8% |
| Remuneration and social security | 454/9 | €7,310 | €3,689 | -€3,621 | -49.5% |
| Other amounts payable | 47/48 | €22,367 | €26,783 | +€4,416 | +19.7% |
| Remuneration, social security and pensions | 62 | €26,098 | €29,950 | +€3,852 | +14.8% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €27,006 | €27,391 | +€385 | +1.4% |
| Operating profit (loss) | 9901 | €790 | -€2,679 | -€3,469 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €103 | €142 | +€39 | +37.3% |
| Recurring financial charges | 65 | €103 | €142 | +€39 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €687 | -€2,820 | -€3,508 | |
| Income taxes | 67/77 | €505 | - | -€505 | |
| Profit (loss) for the period | 9904 | €182 | -€2,820 | -€3,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €182 | -€2,820 | -€3,003 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.