HP Finance: 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 Finance
Largest movements
- Cash +€189,627
up €189,627 (+110%), from €171,900 to €361,527
mainly Net result for the year (+€167,716) and Receivables within one year (+€28,500)
- Receivables within one year -€28,500
down €28,500 (-58.8%), from €48,500 to €20,000
- Reserves +€167,716
up €167,716 (+77.3%), from €216,892 to €384,608
- Debts after one year -€17,153
down €17,153 (-35.0%), from €49,028 to €31,875
- Short-term financial debts +€5,033
up €5,033 (+99.2%), from €5,074 to €10,108
- Gross operating margin -€52,418
down €52,418 (-20.9%), from €250,987 to €198,569
- Financial income +€23,519
up €23,519 (+7,865%), from €299 to €23,818
- Taxes -€12,179
down €12,179 (-21.4%), from €56,871 to €44,693
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 | €332,397 | €492,568 | +€160,171 | +48.2% |
| Fixed assets | 21/28 | €110,530 | €109,575 | -€955 | -0.9% |
| Tangible fixed assets | 22/27 | €2,674 | €1,719 | -€955 | -35.7% |
| Furniture and vehicles | 24 | €911 | €407 | -€504 | -55.3% |
| Other tangible fixed assets | 26 | €1,763 | €1,312 | -€451 | -25.6% |
| Financial fixed assets | 28 | €107,856 | €107,856 | = | 0.0% |
| Current assets | 29/58 | €221,867 | €382,993 | +€161,127 | +72.6% |
| Amounts receivable within one year | 40/41 | €48,500 | €20,000 | -€28,500 | -58.8% |
| Trade receivables | 40 | €48,500 | €20,000 | -€28,500 | -58.8% |
| Cash at bank and in hand | 54/58 | €171,900 | €361,527 | +€189,627 | +110% |
| Deferred charges and accrued income | 490/1 | €1,466 | €1,466 | = | 0.0% |
| Total equity and liabilities | 10/49 | €332,397 | €492,568 | +€160,171 | +48.2% |
| Equity | 10/15 | €219,892 | €387,608 | +€167,716 | +76.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €216,892 | €384,608 | +€167,716 | +77.3% |
| Distributable reserves | 133 | €216,892 | €384,608 | +€167,716 | +77.3% |
| Amounts payable | 17/49 | €112,505 | €104,960 | -€7,545 | -6.7% |
| Amounts payable after more than one year | 17 | €49,028 | €31,875 | -€17,153 | -35.0% |
| Financial debts | 170/4 | €49,028 | €31,875 | -€17,153 | -35.0% |
| Amounts payable within one year | 42/48 | €63,477 | €73,085 | +€9,609 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €16,423 | €17,153 | +€730 | +4.4% |
| Financial debts | 43 | €5,074 | €10,108 | +€5,033 | +99.2% |
| Credit institutions | 430/8 | €5,074 | €10,108 | +€5,033 | +99.2% |
| Trade debts | 44 | €1,717 | €1,955 | +€238 | +13.8% |
| Suppliers | 440/4 | €1,717 | €1,955 | +€238 | +13.8% |
| Taxes, remuneration and social security | 45 | €38,719 | €42,229 | +€3,510 | +9.1% |
| Taxes | 450/3 | €38,719 | €42,229 | +€3,510 | +9.1% |
| Other amounts payable | 47/48 | €1,543 | €1,641 | +€97 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €955 | €955 | -€0 | 0.0% |
| Other operating charges | 640/8 | €470 | €66 | -€404 | -86.0% |
| Gross operating margin | 9900 | €250,987 | €198,569 | -€52,418 | -20.9% |
| Operating profit (loss) | 9901 | €249,562 | €197,548 | -€52,014 | -20.8% |
| Financial income | 75/76B | €299 | €23,818 | +€23,519 | +7,865% |
| Recurring financial income | 75 | €299 | €23,818 | +€23,519 | +7,865% |
| Financial charges | 65/66B | €9,003 | €8,957 | -€47 | -0.5% |
| Recurring financial charges | 65 | €9,003 | €8,957 | -€47 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €240,858 | €212,409 | -€28,449 | -11.8% |
| Income taxes | 67/77 | €56,871 | €44,693 | -€12,179 | -21.4% |
| Profit (loss) for the period | 9904 | €183,986 | €167,716 | -€16,270 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €183,986 | €167,716 | -€16,270 | -8.8% |
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 14 October 2026 via checked.be.