HNS: what changed
HNS
Largest movements
- Current investments -€90,207
down €90,207 (-52.7%), from €171,289 to €81,082
- Cash +€47,213
up €47,213 (+80.4%), from €58,687 to €105,900
mainly Current investments (+€90,207) and Net result for the year (+€59,663)
- Receivables within one year +€18,335
up €18,335 (+98.4%), from €18,631 to €36,966
of which Trade receivables: +€18,559
- Reserves -€25,940
down €25,940 (-10.7%), from €241,449 to €215,509
- Financial income +€5,063
up €5,063 (+3,894,646%), from €0 to €5,063
- Gross operating margin +€2,488
up €2,488 (+3.5%), from €70,134 to €72,622
- Taxes +€1,455
up €1,455 (+10.5%), from €13,924 to €15,379
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,607 | €223,948 | -€24,659 | -9.9% |
| Current assets | 29/58 | €248,607 | €223,948 | -€24,659 | -9.9% |
| Amounts receivable within one year | 40/41 | €18,631 | €36,966 | +€18,335 | +98.4% |
| Trade receivables | 40 | €13,191 | €31,750 | +€18,559 | +141% |
| Other amounts receivable | 41 | €5,439 | €5,215 | -€224 | -4.1% |
| Current investments | 50/53 | €171,289 | €81,082 | -€90,207 | -52.7% |
| Cash at bank and in hand | 54/58 | €58,687 | €105,900 | +€47,213 | +80.4% |
| Total equity and liabilities | 10/49 | €248,607 | €223,948 | -€24,659 | -9.9% |
| Equity | 10/15 | €242,449 | €216,509 | -€25,940 | -10.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €241,449 | €215,509 | -€25,940 | -10.7% |
| Distributable reserves | 133 | €241,449 | €215,509 | -€25,940 | -10.7% |
| Amounts payable | 17/49 | €6,158 | €7,439 | +€1,281 | +20.8% |
| Amounts payable within one year | 42/48 | €6,158 | €7,439 | +€1,281 | +20.8% |
| Trade debts | 44 | €1,478 | €2,633 | +€1,155 | +78.2% |
| Suppliers | 440/4 | €1,478 | €2,633 | +€1,155 | +78.2% |
| Taxes, remuneration and social security | 45 | €2,429 | €2,682 | +€254 | +10.4% |
| Taxes | 450/3 | €2,429 | €2,682 | +€254 | +10.4% |
| Other amounts payable | 47/48 | €2,251 | €2,123 | -€128 | -5.7% |
| Other operating charges | 640/8 | €1,294 | €1,218 | -€76 | -5.9% |
| Gross operating margin | 9900 | €70,134 | €72,622 | +€2,488 | +3.5% |
| Operating profit (loss) | 9901 | €68,840 | €71,404 | +€2,564 | +3.7% |
| Financial income | 75/76B | €0 | €5,063 | +€5,063 | +3,894,646% |
| Recurring financial income | 75 | €0 | €5,063 | +€5,063 | +3,894,646% |
| Financial charges | 65/66B | €1,541 | €1,424 | -€117 | -7.6% |
| Recurring financial charges | 65 | €1,541 | €1,424 | -€117 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €67,299 | €75,043 | +€7,744 | +11.5% |
| Income taxes | 67/77 | €13,924 | €15,379 | +€1,455 | +10.5% |
| Profit (loss) for the period | 9904 | €53,375 | €59,663 | +€6,289 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,375 | €59,663 | +€6,289 | +11.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.