HPL: 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.
HPL
Largest movements
- Current investments -€750,000
no longer reported in 2024 (was €750,000)
- Cash +€602,297
up €602,297 (+138.5%), from €434,765 to €1.0m
mainly Current investments (+€750,000) and Net result for the year (+€217,123)
- Receivables after one year +€205,000
new in 2024: €205,000
- Tangible fixed assets +€146,121
up €146,121 (+373.5%), from €39,126 to €185,246
of which Other tangible fixed assets: +€128,754
- Receivables within one year -€69,882
down €69,882 (-45.1%), from €154,779 to €84,898
of which Other amounts receivable: -€44,307
- Reserves +€105,138
up €105,138 (+7.6%), from €1.4m to €1.5m
of which Distributable reserves: +€63,038
- Financial income +€20,967
up €20,967 (+263.5%), from €7,958 to €28,926
- Depreciation +€6,458
up €6,458 (+42.4%), from €15,240 to €21,698
- Taxes +€3,958
up €3,958 (+4.8%), from €82,287 to €86,245
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,447,964 | €1,555,763 | +€107,799 | +7.4% |
| Fixed assets | 21/28 | €39,126 | €185,246 | +€146,121 | +373.5% |
| Tangible fixed assets | 22/27 | €39,126 | €185,246 | +€146,121 | +373.5% |
| Plant, machinery and equipment | 23 | €15,874 | €19,222 | +€3,347 | +21.1% |
| Furniture and vehicles | 24 | €598 | €14,618 | +€14,019 | +2343.6% |
| Other tangible fixed assets | 26 | €22,653 | €151,407 | +€128,754 | +568.4% |
| Current assets | 29/58 | €1,408,839 | €1,370,517 | -€38,322 | -2.7% |
| Amounts receivable after more than one year | 29 | - | €205,000 | +€205,000 | |
| Other amounts receivable | 291 | - | €205,000 | +€205,000 | |
| Amounts receivable within one year | 40/41 | €154,779 | €84,898 | -€69,882 | -45.1% |
| Trade receivables | 40 | €31,350 | €5,776 | -€25,574 | -81.6% |
| Other amounts receivable | 41 | €123,429 | €79,122 | -€44,307 | -35.9% |
| Current investments | 50/53 | €750,000 | - | -€750,000 | |
| Cash at bank and in hand | 54/58 | €434,765 | €1,037,062 | +€602,297 | +138.5% |
| Deferred charges and accrued income | 490/1 | €69,295 | €43,557 | -€25,737 | -37.1% |
| Total equity and liabilities | 10/49 | €1,447,964 | €1,555,763 | +€107,799 | +7.4% |
| Equity | 10/15 | €1,396,134 | €1,501,272 | +€105,138 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,389,934 | €1,495,072 | +€105,138 | +7.6% |
| Tax-exempt reserves | 132 | €84,200 | €126,300 | +€42,100 | +50.0% |
| Distributable reserves | 133 | €1,305,734 | €1,368,772 | +€63,038 | +4.8% |
| Amounts payable | 17/49 | €51,830 | €54,491 | +€2,661 | +5.1% |
| Amounts payable within one year | 42/48 | €51,830 | €47,903 | -€3,927 | -7.6% |
| Trade debts | 44 | €7,690 | €9,888 | +€2,197 | +28.6% |
| Suppliers | 440/4 | €7,690 | €9,888 | +€2,197 | +28.6% |
| Taxes, remuneration and social security | 45 | €23,799 | €28,016 | +€4,217 | +17.7% |
| Taxes | 450/3 | €18,559 | €23,300 | +€4,741 | +25.5% |
| Remuneration and social security | 454/9 | €5,240 | €4,716 | -€524 | -10.0% |
| Other amounts payable | 47/48 | €20,341 | €10,000 | -€10,341 | -50.8% |
| Accrued charges and deferred income | 492/3 | - | €6,588 | +€6,588 | |
| Non-recurring operating income | 76A | €7,500 | €8,264 | +€764 | +10.2% |
| Remuneration, social security and pensions | 62 | €41,386 | €42,409 | +€1,023 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,240 | €21,698 | +€6,458 | +42.4% |
| Other operating charges | 640/8 | €1,507 | €1,884 | +€377 | +25.0% |
| Gross operating margin | 9900 | €346,177 | €343,658 | -€2,519 | -0.7% |
| Operating profit (loss) | 9901 | €288,044 | €277,667 | -€10,378 | -3.6% |
| Financial income | 75/76B | €7,958 | €28,926 | +€20,967 | +263.5% |
| Recurring financial income | 75 | €7,958 | €28,926 | +€20,967 | +263.5% |
| Financial charges | 65/66B | €1,901 | €3,224 | +€1,323 | +69.6% |
| Recurring financial charges | 65 | €1,901 | €3,224 | +€1,323 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €294,101 | €303,368 | +€9,267 | +3.2% |
| Income taxes | 67/77 | €82,287 | €86,245 | +€3,958 | +4.8% |
| Profit (loss) for the period | 9904 | €211,814 | €217,123 | +€5,309 | +2.5% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €42,100 | -€42,100 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,614 | €175,023 | +€47,409 | +37.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.