HP Projects: 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 Projects
Largest movements
- Receivables within one year +€43,034
up €43,034 (+127%), from €33,898 to €76,932
of which Trade receivables: +€31,413
- Tangible fixed assets -€18,010
down €18,010 (-27.4%), from €65,663 to €47,653
of which Furniture and vehicles: -€18,010
- Cash +€6,763
up €6,763 (+13.7%), from €49,296 to €56,058
mainly Net result for the year (+€49,230) and Other debts (+€32,985)
- Deferred charges and accrued income +€2,450
up €2,450 (+236%), from €1,039 to €3,490
- Other debts +€32,985
up €32,985 (+28.3%), from €116,636 to €149,621
- Trade debts +€2,204
up €2,204 (+165%), from €1,336 to €3,540
- Gross operating margin -€89,078
down €89,078 (-52.4%), from €170,116 to €81,038
- Taxes -€20,606
down €20,606 (-62.1%), from €33,195 to €12,589
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 | €149,896 | €184,134 | +€34,238 | +22.8% |
| Fixed assets | 21/28 | €65,663 | €47,653 | -€18,010 | -27.4% |
| Tangible fixed assets | 22/27 | €65,663 | €47,653 | -€18,010 | -27.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €65,663 | €47,653 | -€18,010 | -27.4% |
| Current assets | 29/58 | €84,233 | €136,480 | +€52,247 | +62.0% |
| Amounts receivable within one year | 40/41 | €33,898 | €76,932 | +€43,034 | +127% |
| Trade receivables | 40 | €30,519 | €61,932 | +€31,413 | +103% |
| Other amounts receivable | 41 | €3,379 | €15,000 | +€11,621 | +344% |
| Cash at bank and in hand | 54/58 | €49,296 | €56,058 | +€6,763 | +13.7% |
| Deferred charges and accrued income | 490/1 | €1,039 | €3,490 | +€2,450 | +236% |
| Total equity and liabilities | 10/49 | €149,896 | €184,134 | +€34,238 | +22.8% |
| Equity | 10/15 | €21,710 | €20,460 | -€1,250 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,250 | €0 | -€1,250 | -100.0% |
| Amounts payable | 17/49 | €128,186 | €163,674 | +€35,488 | +27.7% |
| Amounts payable within one year | 42/48 | €127,136 | €162,624 | +€35,488 | +27.9% |
| Financial debts | 43 | €45 | €0 | -€45 | -100% |
| Credit institutions | 430/8 | €45 | €0 | -€45 | -100% |
| Trade debts | 44 | €1,336 | €3,540 | +€2,204 | +165% |
| Suppliers | 440/4 | €1,336 | €3,540 | +€2,204 | +165% |
| Taxes, remuneration and social security | 45 | €9,119 | €9,463 | +€344 | +3.8% |
| Taxes | 450/3 | €9,119 | €9,463 | +€344 | +3.8% |
| Other amounts payable | 47/48 | €116,636 | €149,621 | +€32,985 | +28.3% |
| Accrued charges and deferred income | 492/3 | €1,050 | €1,050 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,652 | €18,010 | +€358 | +2.0% |
| Other operating charges | 640/8 | €2,162 | €1,066 | -€1,096 | -50.7% |
| Non-recurring operating charges | 66A | €322 | €0 | -€322 | -100% |
| Gross operating margin | 9900 | €170,116 | €81,038 | -€89,078 | -52.4% |
| Operating profit (loss) | 9901 | €149,979 | €61,962 | -€88,017 | -58.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €148 | €143 | -€5 | -3.4% |
| Recurring financial charges | 65 | €148 | €143 | -€5 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €149,831 | €61,819 | -€88,012 | -58.7% |
| Income taxes | 67/77 | €33,195 | €12,589 | -€20,606 | -62.1% |
| Profit (loss) for the period | 9904 | €116,636 | €49,230 | -€67,406 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €116,636 | €49,230 | -€67,406 | -57.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.