HPHEC & PARTNERS: 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.
HPHEC & PARTNERS
Largest movements
- Receivables within one year -€182,686
down €182,686 (-96.8%), from €188,820 to €6,134
of which Trade receivables: -€103,389
- Receivables after one year -€157,500
down €157,500 (-6.1%), from €2.6m to €2.4m
- Cash +€110,799
up €110,799 (+463%), from €23,930 to €134,729
mainly Receivables within one year (+€182,686) and Receivables after one year (+€157,500)
- Financial fixed assets -€49,000
no longer reported in 2025 (was €49,000)
- Other debts -€253,217
down €253,217 (-99.3%), from €254,883 to €1,666
- Trade debts -€89,991
down €89,991 (-100.0%), from €90,001 to €11
- Profit (loss) carried forward +€35,535
no longer reported in 2025 (was -€35,535)
- Gross operating margin +€52,998
up €52,998 (+93.6%), from -€56,614 to -€3,616
- Financial income -€30,266
down €30,266 (-30.9%), from €98,005 to €67,739
- Financial charges -€17,645
down €17,645 (-98.4%), from €17,935 to €290
- Taxes +€6,933
up €6,933 (+592%), from €1,170 to €8,104
- Other operating charges -€651
down €651 (-20.6%), from €3,164 to €2,513
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 | €2,877,249 | €2,591,931 | -€285,319 | -9.9% |
| Fixed assets | 21/28 | €49,000 | - | -€49,000 | |
| Financial fixed assets | 28 | €49,000 | - | -€49,000 | |
| Current assets | 29/58 | €2,828,249 | €2,591,931 | -€236,319 | -8.4% |
| Amounts receivable after more than one year | 29 | €2,590,000 | €2,432,500 | -€157,500 | -6.1% |
| Other amounts receivable | 291 | €2,590,000 | €2,432,500 | -€157,500 | -6.1% |
| Amounts receivable within one year | 40/41 | €188,820 | €6,134 | -€182,686 | -96.8% |
| Trade receivables | 40 | €103,389 | - | -€103,389 | |
| Other amounts receivable | 41 | €85,431 | €6,134 | -€79,297 | -92.8% |
| Cash at bank and in hand | 54/58 | €23,930 | €134,729 | +€110,799 | +463% |
| Deferred charges and accrued income | 490/1 | €25,500 | €18,567 | -€6,933 | -27.2% |
| Total equity and liabilities | 10/49 | €2,877,249 | €2,591,931 | -€285,319 | -9.9% |
| Equity | 10/15 | €2,530,465 | €2,582,016 | +€51,551 | +2.0% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €66,000 | €82,016 | +€16,016 | +24.3% |
| Non-distributable reserves | 130/1 | €66,000 | €82,016 | +€16,016 | +24.3% |
| Legal reserve | 130 | €66,000 | €82,016 | +€16,016 | +24.3% |
| Profit (loss) carried forward | 14 | -€35,535 | - | +€35,535 | |
| Amounts payable | 17/49 | €346,784 | €9,915 | -€336,869 | -97.1% |
| Amounts payable within one year | 42/48 | €346,784 | €9,915 | -€336,869 | -97.1% |
| Trade debts | 44 | €90,001 | €11 | -€89,991 | -100.0% |
| Suppliers | 440/4 | €90,001 | €11 | -€89,991 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,900 | €8,238 | +€6,338 | +334% |
| Taxes | 450/3 | €1,900 | €8,238 | +€6,338 | +334% |
| Other amounts payable | 47/48 | €254,883 | €1,666 | -€253,217 | -99.3% |
| Other operating charges | 640/8 | €3,164 | €2,513 | -€651 | -20.6% |
| Gross operating margin | 9900 | -€56,614 | -€3,616 | +€52,998 | +93.6% |
| Operating profit (loss) | 9901 | -€59,777 | -€6,129 | +€53,649 | +89.7% |
| Financial income | 75/76B | €98,005 | €67,739 | -€30,266 | -30.9% |
| Recurring financial income | 75 | €98,005 | €67,739 | -€30,266 | -30.9% |
| Financial charges | 65/66B | €17,935 | €290 | -€17,645 | -98.4% |
| Recurring financial charges | 65 | €17,935 | €290 | -€17,645 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €20,293 | €61,320 | +€41,027 | +202% |
| Income taxes | 67/77 | €1,170 | €8,104 | +€6,933 | +592% |
| Profit (loss) for the period | 9904 | €19,123 | €53,217 | +€34,094 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €19,123 | €53,217 | +€34,094 | +178% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.