HPCglue: what changed
Two fiscal 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.
HPCglue
Largest movements
- Cash +€20,081
up €20,081 (+35.4%), from €56,655 to €76,736
mainly Net result for the year (+€70,791) and Tax, wage and social debts (+€2,951)
- Current investments +€9,813
up €9,813 (+8.0%), from €122,869 to €132,682
- Reserves +€24,219
up €24,219 (+12.0%), from €202,060 to €226,279
- Tax, wage and social debts +€2,951
up €2,951 (+57.6%), from €5,128 to €8,079
- Financial income +€22,101
up €22,101 (+435052.2%), from €5 to €22,106
- Taxes +€6,478
up €6,478 (+36.1%), from €17,960 to €24,438
- Gross operating margin +€4,711
up €4,711 (+6.7%), from €70,618 to €75,328
- Financial charges -€3,182
down €3,182 (-100.0%), from €3,182 to €0
- Depreciation +€827
up €827 (+172.1%), from €481 to €1,308
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.
Cash bridge derived
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 | €211,064 | €237,120 | +€26,056 | +12.3% |
| Fixed assets | 21/28 | €6,431 | €5,123 | -€1,308 | -20.3% |
| Tangible fixed assets | 22/27 | €6,431 | €5,123 | -€1,308 | -20.3% |
| Plant, machinery and equipment | 23 | €535 | €401 | -€134 | -25.0% |
| Furniture and vehicles | 24 | €4,044 | €2,897 | -€1,147 | -28.4% |
| Other tangible fixed assets | 26 | €1,852 | €1,825 | -€27 | -1.5% |
| Current assets | 29/58 | €204,633 | €231,997 | +€27,364 | +13.4% |
| Amounts receivable within one year | 40/41 | €22,013 | €20,449 | -€1,565 | -7.1% |
| Trade receivables | 40 | €21,088 | €20,187 | -€901 | -4.3% |
| Other amounts receivable | 41 | €925 | €261 | -€664 | -71.8% |
| Current investments | 50/53 | €122,869 | €132,682 | +€9,813 | +8.0% |
| Cash at bank and in hand | 54/58 | €56,655 | €76,736 | +€20,081 | +35.4% |
| Deferred charges and accrued income | 490/1 | €3,096 | €2,130 | -€966 | -31.2% |
| Total equity and liabilities | 10/49 | €211,064 | €237,120 | +€26,056 | +12.3% |
| Equity | 10/15 | €202,060 | €226,279 | +€24,219 | +12.0% |
| Reserves | 13 | €202,060 | €226,279 | +€24,219 | +12.0% |
| Distributable reserves | 133 | €202,060 | €226,279 | +€24,219 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,004 | €10,841 | +€1,837 | +20.4% |
| Amounts payable within one year | 42/48 | €8,084 | €9,921 | +€1,837 | +22.7% |
| Trade debts | 44 | €954 | €392 | -€563 | -59.0% |
| Suppliers | 440/4 | €954 | €392 | -€563 | -59.0% |
| Taxes, remuneration and social security | 45 | €5,128 | €8,079 | +€2,951 | +57.6% |
| Taxes | 450/3 | €5,128 | €8,079 | +€2,951 | +57.6% |
| Other amounts payable | 47/48 | €2,002 | €1,450 | -€552 | -27.6% |
| Accrued charges and deferred income | 492/3 | €920 | €920 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €1,308 | +€827 | +172.1% |
| Other operating charges | 640/8 | €873 | €897 | +€24 | +2.7% |
| Gross operating margin | 9900 | €70,618 | €75,328 | +€4,711 | +6.7% |
| Operating profit (loss) | 9901 | €69,264 | €73,123 | +€3,859 | +5.6% |
| Financial income | 75/76B | €5 | €22,106 | +€22,101 | +435052.2% |
| Recurring financial income | 75 | €5 | €22,106 | +€22,101 | +435052.2% |
| Financial charges | 65/66B | €3,182 | €0 | -€3,182 | -100.0% |
| Recurring financial charges | 65 | €3,182 | €0 | -€3,182 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €66,086 | €95,229 | +€29,142 | +44.1% |
| Income taxes | 67/77 | €17,960 | €24,438 | +€6,478 | +36.1% |
| Profit (loss) for the period | 9904 | €48,127 | €70,791 | +€22,664 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,127 | €70,791 | +€22,664 | +47.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.