HPB NAMUR: 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 NAMUR
Largest movements
- Receivables within one year -€78,922
down €78,922 (-85.6%), from €92,172 to €13,251
of which Trade receivables: -€77,562
- Cash +€38,534
up €38,534 (+269%), from €14,320 to €52,854
mainly Other debts (+€86,951) and Receivables within one year (+€78,922)
- Tangible fixed assets -€10,364
down €10,364 (-26.9%), from €38,593 to €28,229
of which Other tangible fixed assets: -€9,345
- Financial fixed assets +€4,181
up €4,181 (+20.9%), from €20,000 to €24,181
- Deferred charges and accrued income +€3,328
new in 2025: €3,328
- Other debts +€86,951
new in 2025: €86,951
- Trade debts -€74,912
down €74,912 (-76.9%), from €97,371 to €22,459
- Short-term financial debts -€59,680
no longer reported in 2025 (was €59,680)
- Profit (loss) carried forward -€12,307
down €12,307, from €1,791 to -€10,517
- Current portion of long-term debt +€7,520
new in 2025: €7,520
- Turnover +€890,647
new in 2025: €890,647
- Purchases and services +€654,382
new in 2025: €654,382
- Gross operating margin -€109,343
down €109,343 (-31.6%), from €346,362 to €237,019
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 | €170,413 | €124,974 | -€45,440 | -26.7% |
| Fixed assets | 21/28 | €58,593 | €52,410 | -€6,183 | -10.6% |
| Tangible fixed assets | 22/27 | €38,593 | €28,229 | -€10,364 | -26.9% |
| Plant, machinery and equipment | 23 | €3,567 | €2,547 | -€1,019 | -28.6% |
| Other tangible fixed assets | 26 | €35,027 | €25,682 | -€9,345 | -26.7% |
| Financial fixed assets | 28 | €20,000 | €24,181 | +€4,181 | +20.9% |
| Current assets | 29/58 | €111,820 | €72,563 | -€39,257 | -35.1% |
| Stocks and contracts in progress | 3 | €5,327 | €3,130 | -€2,197 | -41.2% |
| Stocks | 30/36 | €5,327 | €3,130 | -€2,197 | -41.2% |
| Amounts receivable within one year | 40/41 | €92,172 | €13,251 | -€78,922 | -85.6% |
| Trade receivables | 40 | €77,562 | - | -€77,562 | |
| Other amounts receivable | 41 | €14,611 | €13,251 | -€1,360 | -9.3% |
| Cash at bank and in hand | 54/58 | €14,320 | €52,854 | +€38,534 | +269% |
| Deferred charges and accrued income | 490/1 | - | €3,328 | +€3,328 | |
| Total equity and liabilities | 10/49 | €170,413 | €124,974 | -€45,440 | -26.7% |
| Equity | 10/15 | €2,791 | -€9,517 | -€12,307 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,791 | -€10,517 | -€12,307 | |
| Amounts payable | 17/49 | €167,623 | €134,490 | -€33,133 | -19.8% |
| Amounts payable within one year | 42/48 | €167,623 | €134,490 | -€33,133 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,520 | +€7,520 | |
| Financial debts | 43 | €59,680 | - | -€59,680 | |
| Other loans | 439 | €59,680 | - | -€59,680 | |
| Trade debts | 44 | €97,371 | €22,459 | -€74,912 | -76.9% |
| Suppliers | 440/4 | €97,371 | €22,459 | -€74,912 | -76.9% |
| Taxes, remuneration and social security | 45 | €10,572 | €17,560 | +€6,988 | +66.1% |
| Taxes | 450/3 | €4,135 | €6,619 | +€2,483 | +60.1% |
| Remuneration and social security | 454/9 | €6,436 | €10,941 | +€4,505 | +70.0% |
| Other amounts payable | 47/48 | - | €86,951 | +€86,951 | |
| Turnover | 70 | - | €890,647 | +€890,647 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €654,382 | +€654,382 | |
| Remuneration, social security and pensions | 62 | €202,993 | €194,128 | -€8,865 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,201 | €10,364 | +€4,163 | +67.1% |
| Other operating charges | 640/8 | €1,443 | €1,862 | +€419 | +29.1% |
| Non-recurring operating charges | 66A | - | €45,316 | +€45,316 | |
| Gross operating margin | 9900 | €346,362 | €237,019 | -€109,343 | -31.6% |
| Operating profit (loss) | 9901 | €135,725 | -€14,651 | -€150,376 | |
| Financial charges | 65/66B | €6,791 | €1,053 | -€5,739 | -84.5% |
| Recurring financial charges | 65 | €6,791 | €1,053 | -€5,739 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | €128,934 | -€15,704 | -€144,638 | |
| Income taxes | 67/77 | €1,189 | -€3,396 | -€4,585 | |
| Profit (loss) for the period | 9904 | €127,745 | -€12,307 | -€140,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €127,745 | -€12,307 | -€140,052 |
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.