HP ADVIES: 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.
HP ADVIES
Largest movements
- Receivables within one year +€428,834
up €428,834 (+100%), from €428,545 to €857,379
- Reserves +€305,827
up €305,827 (+144%), from €212,208 to €518,034
of which Distributable reserves: +€305,827
- Tax, wage and social debts +€153,044
up €153,044 (+342%), from €44,784 to €197,828
- Other debts -€23,904
down €23,904 (-13.9%), from €172,024 to €148,120
- Gross operating margin +€257,738
up €257,738 (+229%), from €112,465 to €370,203
- Taxes +€108,259
up €108,259 (+242%), from €44,784 to €153,044
- Financial income +€69,104
up €69,104 (+335%), from €20,631 to €89,735
of which Non-recurring financial income: +€66,643
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 | €891,197 | €1,326,005 | +€434,807 | +48.8% |
| Fixed assets | 21/28 | €446,039 | €456,515 | +€10,476 | +2.3% |
| Financial fixed assets | 28 | €446,039 | €456,515 | +€10,476 | +2.3% |
| Current assets | 29/58 | €445,158 | €869,490 | +€424,332 | +95.3% |
| Amounts receivable within one year | 40/41 | €428,545 | €857,379 | +€428,834 | +100% |
| Other amounts receivable | 41 | €428,545 | €857,379 | +€428,834 | +100% |
| Current investments | 50/53 | €13 | €0 | -€13 | -100% |
| Cash at bank and in hand | 54/58 | €7,000 | €2,944 | -€4,055 | -57.9% |
| Deferred charges and accrued income | 490/1 | €9,599 | €9,166 | -€433 | -4.5% |
| Total equity and liabilities | 10/49 | €891,197 | €1,326,005 | +€434,807 | +48.8% |
| Equity | 10/15 | €623,423 | €929,250 | +€305,827 | +49.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €212,208 | €518,034 | +€305,827 | +144% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €193,458 | €499,284 | +€305,827 | +158% |
| Profit (loss) carried forward | 14 | €391,215 | €391,215 | = | 0.0% |
| Provisions and deferred taxes | 16 | €50,717 | €50,717 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,717 | €50,717 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,717 | €50,717 | = | 0.0% |
| Amounts payable | 17/49 | €217,057 | €346,038 | +€128,980 | +59.4% |
| Amounts payable within one year | 42/48 | €216,934 | €345,948 | +€129,014 | +59.5% |
| Trade debts | 44 | €126 | €0 | -€126 | -100% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100% |
| Taxes, remuneration and social security | 45 | €44,784 | €197,828 | +€153,044 | +342% |
| Taxes | 450/3 | €44,784 | €197,828 | +€153,044 | +342% |
| Other amounts payable | 47/48 | €172,024 | €148,120 | -€23,904 | -13.9% |
| Accrued charges and deferred income | 492/3 | €123 | €89 | -€34 | -27.4% |
| Other operating charges | 640/8 | €663 | €592 | -€72 | -10.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €112,465 | €370,203 | +€257,738 | +229% |
| Operating profit (loss) | 9901 | €111,802 | €369,612 | +€257,810 | +231% |
| Financial income | 75/76B | €20,631 | €89,735 | +€69,104 | +335% |
| Recurring financial income | 75 | €20,631 | €23,092 | +€2,462 | +11.9% |
| Non-recurring financial income | 76B | - | €66,643 | +€66,643 | |
| Financial charges | 65/66B | €183 | €476 | +€293 | +160% |
| Recurring financial charges | 65 | €183 | €476 | +€293 | +160% |
| Profit (loss) for the period before taxes | 9903 | €132,249 | €458,871 | +€326,622 | +247% |
| Income taxes | 67/77 | €44,784 | €153,044 | +€108,259 | +242% |
| Profit (loss) for the period | 9904 | €87,465 | €305,827 | +€218,362 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €87,465 | €305,827 | +€218,362 | +250% |
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 22 October 2026 via checked.be.