HP Belgium: what changed
Two fiscal 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.
What changed
HP Belgium
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€4.6m
2023 · €4.8m-€123,953
Equity
€32.4m
2023 · €27.8m+€4.6m
Cash
€84.8m
2023 · €57.3m+€27.5m
Balance sheet total
€147.3m
2023 · €112.8m+€34.4m
Largest movements
Assets
- Cash +€27.5m
up €27.5m (+47.9%), from €57.3m to €84.8m
mainly Trade debts (+€22.7m) and Accrued charges and deferred income (+€4.6m)
- Stocks and contracts +€6.0m
up €6.0m (+69.4%), from €8.7m to €14.7m
- Receivables within one year +€2.4m
up €2.4m (+6.3%), from €39.1m to €41.5m
of which Trade receivables: +€1.9m
- Intangible fixed assets -€1.5m
down €1.5m (-57.1%), from €2.6m to €1.1m
Equity and liabilities
- Trade debts +€22.7m
up €22.7m (+77.3%), from €29.4m to €52.2m
- Accrued charges and deferred income +€4.6m
up €4.6m (+12.8%), from €36.3m to €41.0m
- Profit (loss) carried forward +€4.6m
up €4.6m (+31.7%), from €14.7m to €19.3m
- Tax, wage and social debts +€2.1m
up €2.1m (+18.3%), from €11.2m to €13.3m
of which Taxes: +€1.8m
Income statement
- Turnover +€25.3m
up €25.3m (+7.2%), from €351.0m to €376.3m
- Goods and materials +€19.4m
up €19.4m (+6.0%), from €320.1m to €339.5m
of which Purchases: +€38.4m
From the 2023 result to the 2024 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.
Result 2023
€4.8m
Turnover
+€25.3m
Other operating income
-€2.5m
Goods and materials
-€19.4m
Services and other goods
-€29,674
Staff costs
+€985,669
Depreciation
-€331,019
Write-downs
+€559
Provisions
-€3.4m
Other operating items
-€900,083
Financial income
+€1.4m
Financial charges
-€1.5m
Taxes
+€167,310
Result 2024
€4.6m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€29.2m
Investment
-€1.7m
Financing
+€34,599
Cash 2023
€57.3m
From operations (derived)
+€29.2m
Net result for the year
+€4.6m
Depreciation
+€2.7m
Stocks and contracts
-€6.0m
Receivables within one year
-€2.4m
Deferred charges and accrued income
+€520,542
Provisions
+€315,359
Trade debts
+€22.7m
Tax, wage and social debts
+€2.1m
Accrued charges and deferred income
+€4.6m
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€34,599
Debts after one year
+€97,113
Current portion of long-term debt
+€336,070
Short-term financial debts
-€398,583
Cash 2024
€84.8m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,848,791 | €147,279,267 | +€34.4m | +30.5% |
| Fixed assets | 21/28 | €5,519,588 | €4,530,029 | -€989,559 | -17.9% |
| Intangible fixed assets | 21 | €2,631,269 | €1,127,687 | -€1.5m | -57.1% |
| Tangible fixed assets | 22/27 | €2,888,319 | €3,402,342 | +€514,023 | +17.8% |
| Furniture and vehicles | 24 | €16,593 | €10,842 | -€5,751 | -34.7% |
| Leasing and similar rights | 25 | €2,862,469 | €3,300,392 | +€437,923 | +15.3% |
| Assets under construction and advance payments | 27 | €9,257 | €91,108 | +€81,851 | +884.3% |
| Current assets | 29/58 | €107,329,203 | €142,749,238 | +€35.4m | +33.0% |
| Stocks and contracts in progress | 3 | €8,705,292 | €14,743,388 | +€6.0m | +69.4% |
| Stocks | 30/36 | €8,705,292 | €14,743,388 | +€6.0m | +69.4% |
| Goods purchased for resale | 34 | €8,705,292 | €14,743,388 | +€6.0m | +69.4% |
| Amounts receivable within one year | 40/41 | €39,069,664 | €41,513,204 | +€2.4m | +6.3% |
| Trade receivables | 40 | €39,069,664 | €40,953,770 | +€1.9m | +4.8% |
| Other amounts receivable | 41 | - | €559,434 | +€559,434 | |
| Cash at bank and in hand | 54/58 | €57,342,099 | €84,801,040 | +€27.5m | +47.9% |
| Deferred charges and accrued income | 490/1 | €2,212,148 | €1,691,606 | -€520,542 | -23.5% |
| Total equity and liabilities | 10/49 | €112,848,791 | €147,279,267 | +€34.4m | +30.5% |
| Equity | 10/15 | €27,802,587 | €32,448,501 | +€4.6m | +16.7% |
| Contributions | 10/11 | €13,018,550 | €13,018,550 | = | 0.0% |
| Reserves | 13 | €129,578 | €129,578 | = | 0.0% |
| Distributable reserves | 133 | €129,578 | €129,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,654,459 | €19,300,373 | +€4.6m | +31.7% |
| Provisions and deferred taxes | 16 | €4,823,436 | €5,138,795 | +€315,359 | +6.5% |
| Provisions for liabilities and charges | 160/5 | €4,823,436 | €5,138,795 | +€315,359 | +6.5% |
| Other liabilities and charges | 164/5 | €4,823,436 | €5,138,795 | +€315,359 | +6.5% |
| Amounts payable | 17/49 | €80,222,768 | €109,691,971 | +€29.5m | +36.7% |
| Amounts payable after more than one year | 17 | €1,764,011 | €1,861,124 | +€97,113 | +5.5% |
| Financial debts | 170/4 | €1,764,011 | €1,861,124 | +€97,113 | +5.5% |
| Leasing and similar obligations | 172 | €1,764,011 | €1,861,124 | +€97,113 | +5.5% |
| Amounts payable within one year | 42/48 | €42,152,306 | €66,877,250 | +€24.7m | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €1,088,358 | €1,424,427 | +€336,070 | +30.9% |
| Financial debts | 43 | €398,583 | - | -€398,583 | |
| Credit institutions | 430/8 | €398,583 | - | -€398,583 | |
| Trade debts | 44 | €29,422,653 | €52,154,393 | +€22.7m | +77.3% |
| Suppliers | 440/4 | €29,422,653 | €52,154,393 | +€22.7m | +77.3% |
| Taxes, remuneration and social security | 45 | €11,242,712 | €13,298,430 | +€2.1m | +18.3% |
| Taxes | 450/3 | €6,201,709 | €8,035,820 | +€1.8m | +29.6% |
| Remuneration and social security | 454/9 | €5,041,003 | €5,262,611 | +€221,608 | +4.4% |
| Accrued charges and deferred income | 492/3 | €36,306,451 | €40,953,597 | +€4.6m | +12.8% |
| Operating income | 70/76A | €361,760,036 | €384,584,569 | +€22.8m | +6.3% |
| Turnover | 70 | €350,995,321 | €376,335,861 | +€25.3m | +7.2% |
| Other operating income | 74 | €10,764,715 | €8,248,708 | -€2.5m | -23.4% |
| Operating charges | 60/66A | €353,353,691 | €376,377,065 | +€23.0m | +6.5% |
| Goods for resale, raw materials and consumables | 60 | €320,137,734 | €339,493,767 | +€19.4m | +6.0% |
| Purchases | 600/8 | €307,160,882 | €345,531,864 | +€38.4m | +12.5% |
| Change in stocks: decrease (increase) | 609 | €12,976,852 | -€6,038,097 | -€19.0m | |
| Services and other goods | 61 | €11,084,413 | €11,114,086 | +€29,674 | +0.3% |
| Remuneration, social security and pensions | 62 | €23,719,020 | €22,733,350 | -€985,669 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,388,856 | €2,719,875 | +€331,019 | +13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €927 | €368 | -€559 | -60.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,978,015 | -€585,222 | +€3.4m | +85.3% |
| Non-recurring operating charges | 66A | €756 | €900,840 | +€900,083 | +118989.4% |
| Operating profit (loss) | 9901 | €8,406,345 | €8,207,504 | -€198,841 | -2.4% |
| Financial income | 75/76B | €1,866,999 | €3,253,706 | +€1.4m | +74.3% |
| Recurring financial income | 75 | €1,866,999 | €3,253,706 | +€1.4m | +74.3% |
| Other financial income | 752/9 | €1,866,999 | €3,253,706 | +€1.4m | +74.3% |
| Financial charges | 65/66B | €3,713,061 | €5,192,191 | +€1.5m | +39.8% |
| Recurring financial charges | 65 | €3,713,061 | €5,192,191 | +€1.5m | +39.8% |
| Debt charges | 650 | €65,077 | €78,101 | +€13,024 | +20.0% |
| Other financial charges | 652/9 | €3,647,984 | €5,114,090 | +€1.5m | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €6,560,282 | €6,269,020 | -€291,263 | -4.4% |
| Income taxes | 67/77 | €1,790,416 | €1,623,106 | -€167,310 | -9.3% |
| Taxes | 670/3 | €1,790,416 | €1,766,567 | -€23,849 | -1.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €143,461 | +€143,461 | |
| Profit (loss) for the period | 9904 | €4,769,867 | €4,645,914 | -€123,953 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,769,867 | €4,645,914 | -€123,953 | -2.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2023 and 31 October 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.