HP SAFETY: 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 SAFETY
Largest movements
- Cash -€19,840
down €19,840 (-19.7%), from €100,675 to €80,835
mainly Current investments (-€12,000) and Debts after one year (-€9,418)
- Current investments +€12,000
up €12,000 (+14.9%), from €80,464 to €92,464
- Tangible fixed assets -€4,726
down €4,726 (-4.1%), from €116,551 to €111,825
of which Land and buildings: -€4,726
- Deferred charges and accrued income -€3,437
no longer reported in 2025 (was €3,437)
- Debts after one year -€9,418
down €9,418 (-32.2%), from €29,269 to €19,851
- Profit (loss) carried forward -€8,142
down €8,142 (-25.8%), from -€31,581 to -€39,723
- Gross operating margin +€19,609
up €19,609 (+94.6%), from -€20,737 to -€1,127
- Other operating charges -€1,485
down €1,485 (-36.1%), from €4,115 to €2,630
- Depreciation -€1,028
down €1,028 (-17.9%), from €5,754 to €4,726
- Financial income +€785
up €785 (+74.3%), from €1,057 to €1,842
- Financial charges -€222
down €222 (-12.9%), from €1,723 to €1,501
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 | €319,989 | €302,728 | -€17,261 | -5.4% |
| Fixed assets | 21/28 | €118,281 | €113,555 | -€4,726 | -4.0% |
| Tangible fixed assets | 22/27 | €116,551 | €111,825 | -€4,726 | -4.1% |
| Land and buildings | 22 | €116,551 | €111,825 | -€4,726 | -4.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,730 | €1,730 | = | 0.0% |
| Current assets | 29/58 | €201,708 | €189,173 | -€12,535 | -6.2% |
| Amounts receivable within one year | 40/41 | €17,132 | €15,874 | -€1,258 | -7.3% |
| Trade receivables | 40 | €2,598 | - | -€2,598 | |
| Other amounts receivable | 41 | €14,535 | €15,874 | +€1,339 | +9.2% |
| Current investments | 50/53 | €80,464 | €92,464 | +€12,000 | +14.9% |
| Cash at bank and in hand | 54/58 | €100,675 | €80,835 | -€19,840 | -19.7% |
| Deferred charges and accrued income | 490/1 | €3,437 | - | -€3,437 | |
| Total equity and liabilities | 10/49 | €319,989 | €302,728 | -€17,261 | -5.4% |
| Equity | 10/15 | €281,479 | €273,337 | -€8,142 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €306,860 | €306,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,000 | €62,000 | = | 0.0% |
| Distributable reserves | 133 | €244,860 | €244,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,581 | -€39,723 | -€8,142 | -25.8% |
| Amounts payable | 17/49 | €38,510 | €29,391 | -€9,119 | -23.7% |
| Amounts payable after more than one year | 17 | €29,269 | €19,851 | -€9,418 | -32.2% |
| Financial debts | 170/4 | €29,269 | €19,851 | -€9,418 | -32.2% |
| Amounts payable within one year | 42/48 | €9,241 | €9,540 | +€299 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €9,095 | €9,418 | +€323 | +3.6% |
| Trade debts | 44 | €146 | €122 | -€24 | -16.5% |
| Suppliers | 440/4 | €146 | €122 | -€24 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,754 | €4,726 | -€1,028 | -17.9% |
| Other operating charges | 640/8 | €4,115 | €2,630 | -€1,485 | -36.1% |
| Gross operating margin | 9900 | -€20,737 | -€1,127 | +€19,609 | +94.6% |
| Operating profit (loss) | 9901 | -€30,605 | -€8,483 | +€22,122 | +72.3% |
| Financial income | 75/76B | €1,057 | €1,842 | +€785 | +74.3% |
| Recurring financial income | 75 | €1,057 | €1,842 | +€785 | +74.3% |
| Financial charges | 65/66B | €1,723 | €1,501 | -€222 | -12.9% |
| Recurring financial charges | 65 | €1,723 | €1,501 | -€222 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,271 | -€8,142 | +€23,129 | +74.0% |
| Profit (loss) for the period | 9904 | -€31,271 | -€8,142 | +€23,129 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,271 | -€8,142 | +€23,129 | +74.0% |
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 29 October 2026 via checked.be.