HNC Performance: 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.
HNC Performance
Largest movements
- Cash +€67,346
up €67,346 (+138.3%), from €48,705 to €116,052
mainly Net result for the year (+€78,770) and Tax, wage and social debts (+€35,966)
- Stocks and contracts +€37,608
up €37,608 (+67.8%), from €55,482 to €93,089
- Receivables within one year +€9,067
up €9,067 (+206.3%), from €4,395 to €13,462
- Tangible fixed assets -€8,510
down €8,510 (-12.7%), from €66,767 to €58,257
of which Leasing and similar rights: -€34,269
- Profit (loss) carried forward +€77,911
up €77,911, from -€6,849 to €71,062
- Tax, wage and social debts +€35,966
up €35,966 (+448.2%), from €8,024 to €43,989
- Other debts -€12,014
down €12,014 (-31.8%), from €37,831 to €25,817
- Trade debts +€10,728
up €10,728 (+26.9%), from €39,840 to €50,569
- Debts after one year -€7,480
down €7,480 (-11.1%), from €67,417 to €59,937
- Gross operating margin +€110,022
up €110,022 (+1315.5%), from €8,363 to €118,385
- Taxes +€15,604
new in 2025: €15,604
- Depreciation +€7,869
up €7,869 (+62.3%), from €12,635 to €20,504
- Financial charges +€3,336
up €3,336 (+174.9%), from €1,907 to €5,243
- Financial income +€2,221
up €2,221 (+3115.6%), from €71 to €2,292
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 | €182,071 | €289,313 | +€107,242 | +58.9% |
| Formation expenses | 20 | €111 | €0 | -€111 | -100.0% |
| Fixed assets | 21/28 | €71,267 | €62,757 | -€8,510 | -11.9% |
| Tangible fixed assets | 22/27 | €66,767 | €58,257 | -€8,510 | -12.7% |
| Plant, machinery and equipment | 23 | €30,923 | €21,104 | -€9,819 | -31.8% |
| Furniture and vehicles | 24 | €1,575 | €37,153 | +€35,579 | +2259.4% |
| Leasing and similar rights | 25 | €34,269 | - | -€34,269 | |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €110,693 | €226,556 | +€115,863 | +104.7% |
| Stocks and contracts in progress | 3 | €55,482 | €93,089 | +€37,608 | +67.8% |
| Stocks | 30/36 | €55,482 | €93,089 | +€37,608 | +67.8% |
| Amounts receivable within one year | 40/41 | €4,395 | €13,462 | +€9,067 | +206.3% |
| Trade receivables | 40 | €4,395 | €13,462 | +€9,067 | +206.3% |
| Cash at bank and in hand | 54/58 | €48,705 | €116,052 | +€67,346 | +138.3% |
| Deferred charges and accrued income | 490/1 | €2,111 | €3,953 | +€1,842 | +87.3% |
| Total equity and liabilities | 10/49 | €182,071 | €289,313 | +€107,242 | +58.9% |
| Equity | 10/15 | €18,152 | €96,062 | +€77,911 | +429.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,849 | €71,062 | +€77,911 | |
| Amounts payable | 17/49 | €163,919 | €193,251 | +€29,332 | +17.9% |
| Amounts payable after more than one year | 17 | €67,417 | €59,937 | -€7,480 | -11.1% |
| Financial debts | 170/4 | €67,417 | €59,937 | -€7,480 | -11.1% |
| Amounts payable within one year | 42/48 | €93,185 | €129,445 | +€36,260 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €7,490 | €9,070 | +€1,580 | +21.1% |
| Trade debts | 44 | €39,840 | €50,569 | +€10,728 | +26.9% |
| Suppliers | 440/4 | €39,840 | €50,569 | +€10,728 | +26.9% |
| Taxes, remuneration and social security | 45 | €8,024 | €43,989 | +€35,966 | +448.2% |
| Taxes | 450/3 | €8,024 | €43,989 | +€35,966 | +448.2% |
| Other amounts payable | 47/48 | €37,831 | €25,817 | -€12,014 | -31.8% |
| Accrued charges and deferred income | 492/3 | €3,318 | €3,869 | +€551 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,635 | €20,504 | +€7,869 | +62.3% |
| Other operating charges | 640/8 | €741 | €556 | -€184 | -24.9% |
| Gross operating margin | 9900 | €8,363 | €118,385 | +€110,022 | +1315.5% |
| Operating profit (loss) | 9901 | -€5,013 | €97,325 | +€102,337 | |
| Financial income | 75/76B | €71 | €2,292 | +€2,221 | +3115.6% |
| Recurring financial income | 75 | €71 | €2,292 | +€2,221 | +3115.6% |
| Financial charges | 65/66B | €1,907 | €5,243 | +€3,336 | +174.9% |
| Recurring financial charges | 65 | €1,907 | €5,243 | +€3,336 | +174.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,849 | €94,373 | +€101,222 | |
| Income taxes | 67/77 | - | €15,604 | +€15,604 | |
| Profit (loss) for the period | 9904 | -€6,849 | €78,770 | +€85,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,849 | €78,770 | +€85,618 |
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 6 October 2026 via checked.be.