HNGRR: 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.
HNGRR
Largest movements
- Cash +€10,758
up €10,758 (+21.2%), from €50,824 to €61,582
mainly Net result for the year (+€11,602) and Tax, wage and social debts (+€7,430)
- Receivables within one year +€7,916
up €7,916 (+913%), from €867 to €8,783
of which Trade receivables: +€5,174
- Tangible fixed assets +€819
up €819 (+39.2%), from €2,088 to €2,906
- Reserves +€11,602
up €11,602 (+67.0%), from €17,322 to €28,923
- Tax, wage and social debts +€7,430
up €7,430 (+514%), from €1,445 to €8,876
- Other debts +€1,171
up €1,171 (+6.1%), from €19,269 to €20,440
- Trade debts -€805
down €805 (-31.7%), from €2,539 to €1,734
- Gross operating margin +€8,870
up €8,870 (+73.9%), from €11,997 to €20,866
- Taxes +€2,780
up €2,780 (+91.9%), from €3,025 to €5,806
- Other operating charges +€818
up €818 (+159%), from €514 to €1,332
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 | €54,363 | €73,761 | +€19,398 | +35.7% |
| Fixed assets | 21/28 | €2,088 | €2,906 | +€819 | +39.2% |
| Tangible fixed assets | 22/27 | €2,088 | €2,906 | +€819 | +39.2% |
| Plant, machinery and equipment | 23 | €2,088 | €2,906 | +€819 | +39.2% |
| Current assets | 29/58 | €52,275 | €70,854 | +€18,580 | +35.5% |
| Amounts receivable within one year | 40/41 | €867 | €8,783 | +€7,916 | +913% |
| Trade receivables | 40 | - | €5,174 | +€5,174 | |
| Other amounts receivable | 41 | €867 | €3,609 | +€2,742 | +316% |
| Cash at bank and in hand | 54/58 | €50,824 | €61,582 | +€10,758 | +21.2% |
| Deferred charges and accrued income | 490/1 | €584 | €489 | -€95 | -16.2% |
| Total equity and liabilities | 10/49 | €54,363 | €73,761 | +€19,398 | +35.7% |
| Equity | 10/15 | €31,110 | €42,712 | +€11,602 | +37.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,322 | €28,923 | +€11,602 | +67.0% |
| Distributable reserves | 133 | €17,322 | €28,923 | +€11,602 | +67.0% |
| Profit (loss) carried forward | 14 | €1,388 | €1,388 | = | 0.0% |
| Amounts payable | 17/49 | €23,252 | €31,049 | +€7,797 | +33.5% |
| Amounts payable within one year | 42/48 | €23,252 | €31,049 | +€7,797 | +33.5% |
| Trade debts | 44 | €2,539 | €1,734 | -€805 | -31.7% |
| Suppliers | 440/4 | €2,539 | €1,734 | -€805 | -31.7% |
| Taxes, remuneration and social security | 45 | €1,445 | €8,876 | +€7,430 | +514% |
| Taxes | 450/3 | €1,445 | €8,876 | +€7,430 | +514% |
| Other amounts payable | 47/48 | €19,269 | €20,440 | +€1,171 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773 | €751 | -€22 | -2.8% |
| Other operating charges | 640/8 | €514 | €1,332 | +€818 | +159% |
| Gross operating margin | 9900 | €11,997 | €20,866 | +€8,870 | +73.9% |
| Operating profit (loss) | 9901 | €10,710 | €18,783 | +€8,073 | +75.4% |
| Financial charges | 65/66B | €1,416 | €1,376 | -€40 | -2.8% |
| Recurring financial charges | 65 | €1,416 | €1,376 | -€40 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €9,294 | €17,407 | +€8,113 | +87.3% |
| Income taxes | 67/77 | €3,025 | €5,806 | +€2,780 | +91.9% |
| Profit (loss) for the period | 9904 | €6,269 | €11,602 | +€5,333 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,269 | €11,602 | +€5,333 | +85.1% |
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 20 October 2026 via checked.be.