HP INVEST: 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 INVEST
Largest movements
- Receivables within one year -€142,625
down €142,625 (-30.9%), from €461,967 to €319,342
of which Trade receivables: -€150,565
- Stocks and contracts +€75,000
up €75,000 (+16.7%), from €450,000 to €525,000
of which Contracts in progress: +€75,000
- Reserves +€290,499
up €290,499 (+15618.2%), from €1,860 to €292,359
of which Distributable reserves: +€292,359
- Profit (loss) carried forward -€214,945
no longer reported in 2024 (was €214,945)
- Trade debts -€186,827
down €186,827 (-44.2%), from €422,912 to €236,085
- Other debts +€34,620
up €34,620 (+3034.6%), from €1,141 to €35,761
- Tax, wage and social debts +€16,707
up €16,707 (+29.5%), from €56,657 to €73,364
of which Taxes: +€16,499
- Staff costs -€53,691
down €53,691 (-83.3%), from €64,421 to €10,729
- Gross operating margin -€34,489
down €34,489 (-17.5%), from €196,828 to €162,339
- Other operating charges -€22,025
down €22,025 (-96.8%), from €22,762 to €736
- Financial charges -€10,411
down €10,411 (-20.5%), from €50,884 to €40,473
- Taxes +€7,563
up €7,563 (+32.2%), from €23,491 to €31,054
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,082,483 | €1,010,504 | -€71,979 | -6.6% |
| Fixed assets | 21/28 | €36,523 | €33,261 | -€3,262 | -8.9% |
| Tangible fixed assets | 22/27 | €32,844 | €29,582 | -€3,262 | -9.9% |
| Plant, machinery and equipment | 23 | €1,107 | €837 | -€270 | -24.4% |
| Furniture and vehicles | 24 | - | €1,004 | +€1,004 | |
| Other tangible fixed assets | 26 | €31,737 | €27,740 | -€3,997 | -12.6% |
| Financial fixed assets | 28 | €3,679 | €3,679 | = | 0.0% |
| Current assets | 29/58 | €1,045,959 | €977,243 | -€68,716 | -6.6% |
| Stocks and contracts in progress | 3 | €450,000 | €525,000 | +€75,000 | +16.7% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €450,000 | €525,000 | +€75,000 | +16.7% |
| Amounts receivable within one year | 40/41 | €461,967 | €319,342 | -€142,625 | -30.9% |
| Trade receivables | 40 | €460,025 | €309,460 | -€150,565 | -32.7% |
| Other amounts receivable | 41 | €1,942 | €9,882 | +€7,941 | +409.0% |
| Cash at bank and in hand | 54/58 | €1,158 | €66 | -€1,092 | -94.3% |
| Deferred charges and accrued income | 490/1 | €132,835 | €132,835 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,082,483 | €1,010,504 | -€71,979 | -6.6% |
| Equity | 10/15 | €223,005 | €298,559 | +€75,554 | +33.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €292,359 | +€290,499 | +15618.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €292,359 | +€292,359 | |
| Profit (loss) carried forward | 14 | €214,945 | - | -€214,945 | |
| Amounts payable | 17/49 | €859,478 | €711,945 | -€147,533 | -17.2% |
| Amounts payable after more than one year | 17 | €358,700 | €345,708 | -€12,991 | -3.6% |
| Financial debts | 170/4 | €358,700 | €345,708 | -€12,991 | -3.6% |
| Amounts payable within one year | 42/48 | €500,779 | €366,237 | -€134,542 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €12,033 | €12,991 | +€958 | +8.0% |
| Trade debts | 44 | €422,912 | €236,085 | -€186,827 | -44.2% |
| Suppliers | 440/4 | €422,912 | €236,085 | -€186,827 | -44.2% |
| Advances received on contracts in progress | 46 | €8,035 | €8,035 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €56,657 | €73,364 | +€16,707 | +29.5% |
| Taxes | 450/3 | €56,657 | €73,156 | +€16,499 | +29.1% |
| Remuneration and social security | 454/9 | €0 | €207 | +€207 | |
| Other amounts payable | 47/48 | €1,141 | €35,761 | +€34,620 | +3034.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €73,815 | - | -€73,815 | |
| Remuneration, social security and pensions | 62 | €64,421 | €10,729 | -€53,691 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,598 | €4,395 | -€1,203 | -21.5% |
| Other operating charges | 640/8 | €22,762 | €736 | -€22,025 | -96.8% |
| Gross operating margin | 9900 | €196,828 | €162,339 | -€34,489 | -17.5% |
| Operating profit (loss) | 9901 | €104,048 | €146,479 | +€42,431 | +40.8% |
| Financial income | 75/76B | €22 | €603 | +€581 | +2638.3% |
| Recurring financial income | 75 | €22 | €603 | +€581 | +2638.3% |
| Financial charges | 65/66B | €50,884 | €40,473 | -€10,411 | -20.5% |
| Recurring financial charges | 65 | €50,884 | €40,473 | -€10,411 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €53,186 | €106,608 | +€53,423 | +100.4% |
| Income taxes | 67/77 | €23,491 | €31,054 | +€7,563 | +32.2% |
| Profit (loss) for the period | 9904 | €29,695 | €75,554 | +€45,860 | +154.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,695 | €75,554 | +€45,860 | +154.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.