HP Estate: what changed
What changed
HP Estate
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
€80,714
2024 · -€310,826+€391,540
Equity
€268,089
2024 · €187,375+€80,714
Cash
€77,058
2024 · €8,294+€68,764
Balance sheet total
€909,721
2024 · €864,894+€44,828
Largest movements
Assets
- Cash +€68,764
up €68,764 (+829%), from €8,294 to €77,058
mainly Debts after one year (+€580,483) and Net result for the year (+€80,714)
- Receivables within one year -€19,136
down €19,136 (-50.5%), from €37,872 to €18,737
of which Other amounts receivable: -€24,372
Equity and liabilities
- Other debts -€666,000
down €666,000 (-98.3%), from €677,299 to €11,299
- Debts after one year +€580,483
new in 2025: €580,483
- Profit (loss) carried forward +€80,714
up €80,714 (+88.3%), from -€91,366 to -€10,652
- Current portion of long-term debt +€46,932
new in 2025: €46,932
Income statement
- Other operating charges -€300,397
down €300,397 (-97.5%), from €308,139 to €7,742
- Gross operating margin +€82,187
up €82,187 (+245%), from €33,542 to €115,730
- Financial charges +€16,201
up €16,201 (+389%), from €4,160 to €20,361
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.
Result 2024
-€310,826
Gross operating margin
+€82,187
Depreciation
+€0
Other operating charges
+€300,397
Other operating items
+€25,109
Financial income
-€173
Financial charges
-€16,201
Taxes
+€220
Result 2025
€80,714
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€558,651
Investment
€0
Financing
+€627,415
Cash 2024
€8,294
From operations (derived)
-€558,651
Net result for the year
+€80,714
Depreciation
+€6,913
Receivables within one year
+€19,136
Deferred charges and accrued income
-€2,112
Trade debts
+€1,766
Tax, wage and social debts
+€933
Other debts
-€666,000
Financing
+€627,415
Debts after one year
+€580,483
Current portion of long-term debt
+€46,932
Cash 2025
€77,058
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €864,894 | €909,721 | +€44,828 | +5.2% |
| Fixed assets | 21/28 | €818,728 | €811,815 | -€6,913 | -0.8% |
| Tangible fixed assets | 22/27 | €818,728 | €811,815 | -€6,913 | -0.8% |
| Land and buildings | 22 | €808,284 | €803,982 | -€4,302 | -0.5% |
| Plant, machinery and equipment | 23 | €10,444 | €7,833 | -€2,611 | -25.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €46,166 | €97,907 | +€51,740 | +112% |
| Amounts receivable within one year | 40/41 | €37,872 | €18,737 | -€19,136 | -50.5% |
| Trade receivables | 40 | €13,500 | €18,737 | +€5,237 | +38.8% |
| Other amounts receivable | 41 | €24,372 | €0 | -€24,372 | -100% |
| Cash at bank and in hand | 54/58 | €8,294 | €77,058 | +€68,764 | +829% |
| Deferred charges and accrued income | 490/1 | €0 | €2,112 | +€2,112 | |
| Total equity and liabilities | 10/49 | €864,894 | €909,721 | +€44,828 | +5.2% |
| Equity | 10/15 | €187,375 | €268,089 | +€80,714 | +43.1% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Capital | 10 | €149,000 | €149,000 | = | 0.0% |
| Issued capital | 100 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €129,740 | €129,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,900 | €14,900 | = | 0.0% |
| Legal reserve | 130 | €14,900 | €14,900 | = | 0.0% |
| Distributable reserves | 133 | €114,840 | €114,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,366 | -€10,652 | +€80,714 | +88.3% |
| Amounts payable | 17/49 | €677,519 | €641,633 | -€35,886 | -5.3% |
| Amounts payable after more than one year | 17 | - | €580,483 | +€580,483 | |
| Financial debts | 170/4 | - | €580,483 | +€580,483 | |
| Amounts payable within one year | 42/48 | €677,519 | €61,150 | -€616,369 | -91.0% |
| Current portion of amounts payable after more than one year | 42 | - | €46,932 | +€46,932 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €1,766 | +€1,766 | |
| Suppliers | 440/4 | €0 | €1,766 | +€1,766 | |
| Taxes, remuneration and social security | 45 | €220 | €1,153 | +€933 | +424% |
| Taxes | 450/3 | €220 | €1,153 | +€933 | +424% |
| Other amounts payable | 47/48 | €677,299 | €11,299 | -€666,000 | -98.3% |
| Non-recurring operating income | 76A | €248 | €0 | -€248 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,913 | €6,913 | -€0 | 0.0% |
| Other operating charges | 640/8 | €308,139 | €7,742 | -€300,397 | -97.5% |
| Non-recurring operating charges | 66A | €25,109 | €0 | -€25,109 | -100% |
| Gross operating margin | 9900 | €33,542 | €115,730 | +€82,187 | +245% |
| Operating profit (loss) | 9901 | -€306,619 | €101,075 | +€407,694 | |
| Financial income | 75/76B | €173 | €0 | -€173 | -99.8% |
| Recurring financial income | 75 | €173 | €0 | -€173 | -99.8% |
| Financial charges | 65/66B | €4,160 | €20,361 | +€16,201 | +389% |
| Recurring financial charges | 65 | €4,160 | €20,361 | +€16,201 | +389% |
| Profit (loss) for the period before taxes | 9903 | -€310,606 | €80,714 | +€391,320 | |
| Income taxes | 67/77 | €220 | €0 | -€220 | -100% |
| Profit (loss) for the period | 9904 | -€310,826 | €80,714 | +€391,540 | |
| Profit (loss) for the period to be appropriated | 9905 | -€310,826 | €80,714 | +€391,540 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 8 November 2026 via checked.be.