HNLI: 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.
HNLI
Largest movements
- Tangible fixed assets -€16,481
down €16,481 (-62.4%), from €26,425 to €9,945
- Receivables within one year +€8,611
up €8,611 (+49.9%), from €17,264 to €25,875
of which Other amounts receivable: +€13,071
- Cash -€2,546
down €2,546 (-59.1%), from €4,305 to €1,760
mainly Receivables within one year (-€8,611) and Net result for the year (-€8,308)
- Profit (loss) carried forward -€8,308
down €8,308 (-20.7%), from €40,110 to €31,802
- Tax, wage and social debts -€2,535
down €2,535 (-45.9%), from €5,518 to €2,983
- Turnover -€76,569
no longer reported in 2025 (was €76,569)
- Purchases and services -€53,050
no longer reported in 2025 (was €53,050)
- Gross operating margin -€15,300
down €15,300 (-65.1%), from €23,519 to €8,219
- Taxes -€5,321
no longer reported in 2025 (was €5,321)
- Depreciation -€4,188
down €4,188 (-26.8%), from €15,637 to €11,449
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 | €49,473 | €39,058 | -€10,415 | -21.1% |
| Fixed assets | 21/28 | €27,904 | €11,424 | -€16,481 | -59.1% |
| Tangible fixed assets | 22/27 | €26,425 | €9,945 | -€16,481 | -62.4% |
| Furniture and vehicles | 24 | €26,425 | €9,945 | -€16,481 | -62.4% |
| Financial fixed assets | 28 | €1,479 | €1,479 | = | 0.0% |
| Current assets | 29/58 | €21,569 | €27,634 | +€6,066 | +28.1% |
| Amounts receivable within one year | 40/41 | €17,264 | €25,875 | +€8,611 | +49.9% |
| Trade receivables | 40 | €4,460 | - | -€4,460 | |
| Other amounts receivable | 41 | €12,803 | €25,875 | +€13,071 | +102% |
| Cash at bank and in hand | 54/58 | €4,305 | €1,760 | -€2,546 | -59.1% |
| Total equity and liabilities | 10/49 | €49,473 | €39,058 | -€10,415 | -21.1% |
| Equity | 10/15 | €42,110 | €33,802 | -€8,308 | -19.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,110 | €31,802 | -€8,308 | -20.7% |
| Amounts payable | 17/49 | €7,363 | €5,256 | -€2,107 | -28.6% |
| Amounts payable within one year | 42/48 | €7,363 | €5,256 | -€2,107 | -28.6% |
| Trade debts | 44 | €1,845 | €2,273 | +€428 | +23.2% |
| Suppliers | 440/4 | €1,845 | €2,273 | +€428 | +23.2% |
| Taxes, remuneration and social security | 45 | €5,518 | €2,983 | -€2,535 | -45.9% |
| Taxes | 450/3 | €5,518 | €2,983 | -€2,535 | -45.9% |
| Turnover | 70 | €76,569 | - | -€76,569 | |
| Goods, raw materials, services and sundry goods | 60/61 | €53,050 | - | -€53,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,637 | €11,449 | -€4,188 | -26.8% |
| Other operating charges | 640/8 | €296 | - | -€296 | |
| Non-recurring operating charges | 66A | - | €5,032 | +€5,032 | |
| Gross operating margin | 9900 | €23,519 | €8,219 | -€15,300 | -65.1% |
| Operating profit (loss) | 9901 | €7,586 | -€8,262 | -€15,848 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €47 | €46 | -€1 | -1.9% |
| Recurring financial charges | 65 | €47 | €46 | -€1 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €7,539 | -€8,308 | -€15,848 | |
| Income taxes | 67/77 | €5,321 | - | -€5,321 | |
| Profit (loss) for the period | 9904 | €2,218 | -€8,308 | -€10,526 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,218 | -€8,308 | -€10,526 |
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 25 October 2026 via checked.be.