HNM SOLUTIONS: 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.
HNM SOLUTIONS
Largest movements
- Receivables within one year +€887,461
up €887,461 (+123%), from €722,797 to €1.6m
of which Trade receivables: +€781,731
- Cash +€139,641
up €139,641 (+347%), from €40,225 to €179,866
mainly Trade debts (+€673,157) and Tax, wage and social debts (+€160,082)
- Tangible fixed assets -€63,883
down €63,883 (-48.7%), from €131,186 to €67,303
of which Furniture and vehicles: -€63,772
- Trade debts +€673,157
up €673,157 (+419%), from €160,822 to €833,978
- Tax, wage and social debts +€160,082
up €160,082 (+55.6%), from €288,169 to €448,251
of which Remuneration and social security: +€85,922
- Current portion of long-term debt +€44,699
up €44,699 (+172%), from €26,001 to €70,700
- Debts after one year +€36,172
new in 2025: €36,172
- Other debts +€30,871
up €30,871 (+115%), from €26,749 to €57,619
- Staff costs +€337,128
up €337,128 (+23.8%), from €1.4m to €1.8m
- Gross operating margin +€319,301
up €319,301 (+21.0%), from €1.5m to €1.8m
- Other operating charges +€77,689
up €77,689 (+20,208%), from €384 to €78,074
- Financial income -€41,586
down €41,586 (-49.1%), from €84,775 to €43,189
- Taxes -€26,558
down €26,558 (-99.0%), from €26,828 to €270
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 | €1,013,022 | €1,973,636 | +€960,613 | +94.8% |
| Fixed assets | 21/28 | €242,629 | €179,094 | -€63,535 | -26.2% |
| Tangible fixed assets | 22/27 | €131,186 | €67,303 | -€63,883 | -48.7% |
| Furniture and vehicles | 24 | €130,113 | €66,341 | -€63,772 | -49.0% |
| Other tangible fixed assets | 26 | €1,073 | €962 | -€111 | -10.3% |
| Financial fixed assets | 28 | €111,443 | €111,791 | +€348 | +0.3% |
| Current assets | 29/58 | €770,393 | €1,794,542 | +€1.0m | +133% |
| Amounts receivable within one year | 40/41 | €722,797 | €1,610,258 | +€887,461 | +123% |
| Trade receivables | 40 | €484,954 | €1,266,685 | +€781,731 | +161% |
| Other amounts receivable | 41 | €237,843 | €343,573 | +€105,730 | +44.5% |
| Cash at bank and in hand | 54/58 | €40,225 | €179,866 | +€139,641 | +347% |
| Deferred charges and accrued income | 490/1 | €7,371 | €4,417 | -€2,954 | -40.1% |
| Total equity and liabilities | 10/49 | €1,013,022 | €1,973,636 | +€960,613 | +94.8% |
| Equity | 10/15 | €493,769 | €508,014 | +€14,246 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €485,709 | €499,954 | +€14,246 | +2.9% |
| Amounts payable | 17/49 | €519,254 | €1,465,621 | +€946,368 | +182% |
| Amounts payable after more than one year | 17 | - | €36,172 | +€36,172 | |
| Financial debts | 170/4 | - | €36,172 | +€36,172 | |
| Amounts payable within one year | 42/48 | €519,254 | €1,429,449 | +€910,195 | +175% |
| Current portion of amounts payable after more than one year | 42 | €26,001 | €70,700 | +€44,699 | +172% |
| Trade debts | 44 | €160,822 | €833,978 | +€673,157 | +419% |
| Suppliers | 440/4 | €160,822 | €833,978 | +€673,157 | +419% |
| Advances received on contracts in progress | 46 | €17,513 | €18,900 | +€1,387 | +7.9% |
| Taxes, remuneration and social security | 45 | €288,169 | €448,251 | +€160,082 | +55.6% |
| Taxes | 450/3 | €144,644 | €218,804 | +€74,160 | +51.3% |
| Remuneration and social security | 454/9 | €143,526 | €229,448 | +€85,922 | +59.9% |
| Other amounts payable | 47/48 | €26,749 | €57,619 | +€30,871 | +115% |
| Remuneration, social security and pensions | 62 | €1,414,187 | €1,751,315 | +€337,128 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,815 | €32,872 | +€1,057 | +3.3% |
| Other operating charges | 640/8 | €384 | €78,074 | +€77,689 | +20,208% |
| Non-recurring operating charges | 66A | €5,355 | €0 | -€5,355 | -100% |
| Gross operating margin | 9900 | €1,520,708 | €1,840,008 | +€319,301 | +21.0% |
| Operating profit (loss) | 9901 | €68,966 | -€22,252 | -€91,218 | |
| Financial income | 75/76B | €84,775 | €43,189 | -€41,586 | -49.1% |
| Recurring financial income | 75 | €84,775 | €43,189 | -€41,586 | -49.1% |
| Financial charges | 65/66B | €1,605 | €6,421 | +€4,816 | +300% |
| Recurring financial charges | 65 | €1,605 | €6,421 | +€4,816 | +300% |
| Profit (loss) for the period before taxes | 9903 | €152,136 | €14,516 | -€137,620 | -90.5% |
| Income taxes | 67/77 | €26,828 | €270 | -€26,558 | -99.0% |
| Profit (loss) for the period | 9904 | €125,307 | €14,246 | -€111,062 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €125,307 | €14,246 | -€111,062 | -88.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.