HP Xclusive: 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 Xclusive
Largest movements
- Receivables within one year -€18,324
down €18,324 (-55.5%), from €32,998 to €14,674
of which Trade receivables: -€17,767
- Tangible fixed assets -€13,365
down €13,365 (-4.6%), from €288,665 to €275,300
of which Land and buildings: -€14,875
- Deferred charges and accrued income -€7,866
down €7,866 (-80.6%), from €9,761 to €1,895
- Stocks and contracts +€7,743
up €7,743 (+2.5%), from €306,583 to €314,326
- Other debts -€50,352
down €50,352 (-17.4%), from €289,674 to €239,322
- Profit (loss) carried forward +€19,240
up €19,240 (+47.6%), from €40,386 to €59,626
- Debts after one year -€17,514
down €17,514 (-6.6%), from €264,802 to €247,288
- Tax, wage and social debts +€15,817
up €15,817 (+2,835%), from €558 to €16,375
- Gross operating margin +€32,098
up €32,098 (+65.0%), from €49,409 to €81,507
- Financial charges +€16,963
up €16,963 (+187%), from €9,057 to €26,020
- Taxes +€7,708
up €7,708 (+1,381%), from €558 to €8,266
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 | €639,478 | €609,403 | -€30,075 | -4.7% |
| Fixed assets | 21/28 | €288,665 | €275,300 | -€13,365 | -4.6% |
| Tangible fixed assets | 22/27 | €288,665 | €275,300 | -€13,365 | -4.6% |
| Land and buildings | 22 | €285,054 | €270,179 | -€14,875 | -5.2% |
| Plant, machinery and equipment | 23 | €3,611 | €1,910 | -€1,701 | -47.1% |
| Furniture and vehicles | 24 | - | €3,211 | +€3,211 | |
| Current assets | 29/58 | €350,813 | €334,103 | -€16,710 | -4.8% |
| Stocks and contracts in progress | 3 | €306,583 | €314,326 | +€7,743 | +2.5% |
| Stocks | 30/36 | €306,583 | €314,326 | +€7,743 | +2.5% |
| Amounts receivable within one year | 40/41 | €32,998 | €14,674 | -€18,324 | -55.5% |
| Trade receivables | 40 | €24,990 | €7,223 | -€17,767 | -71.1% |
| Other amounts receivable | 41 | €8,008 | €7,451 | -€557 | -7.0% |
| Cash at bank and in hand | 54/58 | €1,471 | €3,208 | +€1,737 | +118% |
| Deferred charges and accrued income | 490/1 | €9,761 | €1,895 | -€7,866 | -80.6% |
| Total equity and liabilities | 10/49 | €639,478 | €609,403 | -€30,075 | -4.7% |
| Equity | 10/15 | €63,086 | €82,326 | +€19,240 | +30.5% |
| Contributions | 10/11 | €22,700 | €22,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,386 | €59,626 | +€19,240 | +47.6% |
| Amounts payable | 17/49 | €576,392 | €527,077 | -€49,315 | -8.6% |
| Amounts payable after more than one year | 17 | €264,802 | €247,288 | -€17,514 | -6.6% |
| Financial debts | 170/4 | €264,802 | €247,288 | -€17,514 | -6.6% |
| Amounts payable within one year | 42/48 | €309,501 | €277,701 | -€31,800 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €17,008 | €17,514 | +€506 | +3.0% |
| Trade debts | 44 | €2,261 | €4,490 | +€2,229 | +98.6% |
| Suppliers | 440/4 | €2,261 | €4,490 | +€2,229 | +98.6% |
| Taxes, remuneration and social security | 45 | €558 | €16,375 | +€15,817 | +2,835% |
| Taxes | 450/3 | €558 | €16,375 | +€15,817 | +2,835% |
| Other amounts payable | 47/48 | €289,674 | €239,322 | -€50,352 | -17.4% |
| Accrued charges and deferred income | 492/3 | €2,089 | €2,088 | -€1 | 0.0% |
| Non-recurring operating income | 76A | €48,378 | - | -€48,378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,726 | €17,202 | -€524 | -3.0% |
| Other operating charges | 640/8 | €10,142 | €10,892 | +€750 | +7.4% |
| Gross operating margin | 9900 | €49,409 | €81,507 | +€32,098 | +65.0% |
| Operating profit (loss) | 9901 | €21,541 | €53,413 | +€31,872 | +148% |
| Financial income | 75/76B | - | €113 | +€113 | |
| Recurring financial income | 75 | - | €113 | +€113 | |
| Financial charges | 65/66B | €9,057 | €26,020 | +€16,963 | +187% |
| Recurring financial charges | 65 | €9,057 | €26,020 | +€16,963 | +187% |
| Profit (loss) for the period before taxes | 9903 | €12,484 | €27,506 | +€15,022 | +120% |
| Income taxes | 67/77 | €558 | €8,266 | +€7,708 | +1,381% |
| Profit (loss) for the period | 9904 | €11,926 | €19,240 | +€7,314 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,926 | €19,240 | +€7,314 | +61.3% |
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 17 October 2026 via checked.be.