HPB MANAGEMENT: 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.
HPB MANAGEMENT
Largest movements
- Deferred charges and accrued income -€1,382
down €1,382 (-50.0%), from €2,764 to €1,382
- Cash +€812
up €812 (+19.4%), from €4,194 to €5,006
mainly Deferred charges and accrued income (+€1,382) and Trade debts (+€363)
- Profit (loss) carried forward -€993
down €993 (-7.3%), from -€13,513 to -€14,506
- Trade debts +€363
new in 2025: €363
- Gross operating margin +€963
up €963 (+50.4%), from -€1,911 to -€948
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 | €6,958 | €6,388 | -€570 | -8.2% |
| Current assets | 29/58 | €6,958 | €6,388 | -€570 | -8.2% |
| Cash at bank and in hand | 54/58 | €4,194 | €5,006 | +€812 | +19.4% |
| Deferred charges and accrued income | 490/1 | €2,764 | €1,382 | -€1,382 | -50.0% |
| Total equity and liabilities | 10/49 | €6,958 | €6,388 | -€570 | -8.2% |
| Equity | 10/15 | €6,947 | €5,954 | -€993 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,513 | -€14,506 | -€993 | -7.3% |
| Amounts payable | 17/49 | €11 | €434 | +€423 | +3,801% |
| Amounts payable within one year | 42/48 | - | €363 | +€363 | |
| Trade debts | 44 | - | €363 | +€363 | |
| Suppliers | 440/4 | - | €363 | +€363 | |
| Accrued charges and deferred income | 492/3 | €11 | €71 | +€60 | +537% |
| Gross operating margin | 9900 | -€1,911 | -€948 | +€963 | +50.4% |
| Operating profit (loss) | 9901 | -€1,911 | -€948 | +€963 | +50.4% |
| Financial charges | 65/66B | €59 | €45 | -€14 | -23.7% |
| Recurring financial charges | 65 | €59 | €45 | -€14 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,970 | -€993 | +€977 | +49.6% |
| Profit (loss) for the period | 9904 | -€1,970 | -€993 | +€977 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,970 | -€993 | +€977 | +49.6% |
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 15 October 2026 via checked.be.