HPM: 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.
HPM
Largest movements
- Tangible fixed assets -€8,112
down €8,112 (-72.4%), from €11,204 to €3,092
- Receivables within one year +€2,041
up €2,041 (+5.1%), from €40,023 to €42,065
of which Other amounts receivable: +€2,041
- Profit (loss) carried forward -€6,158
down €6,158 (-25.1%), from -€24,528 to -€30,686
- Gross operating margin +€942
up €942 (+91.5%), from -€1,029 to -€88
- Taxes -€143
no longer reported in 2026 (was €143)
- Financial income -€114
down €114 (-5.3%), from €2,156 to €2,041
- Financial charges -€109
down €109 (-99.9%), from €109 to €0
- Depreciation -€26
down €26 (-0.3%), from €8,138 to €8,112
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,762 | €45,691 | -€6,071 | -11.7% |
| Fixed assets | 21/28 | €11,720 | €3,608 | -€8,112 | -69.2% |
| Tangible fixed assets | 22/27 | €11,204 | €3,092 | -€8,112 | -72.4% |
| Furniture and vehicles | 24 | €11,204 | €3,092 | -€8,112 | -72.4% |
| Financial fixed assets | 28 | €516 | €516 | = | 0.0% |
| Current assets | 29/58 | €40,042 | €42,083 | +€2,041 | +5.1% |
| Amounts receivable within one year | 40/41 | €40,023 | €42,065 | +€2,041 | +5.1% |
| Trade receivables | 40 | €62 | €62 | = | 0.0% |
| Other amounts receivable | 41 | €39,961 | €42,003 | +€2,041 | +5.1% |
| Cash at bank and in hand | 54/58 | €18 | €18 | -€0 | -0.8% |
| Total equity and liabilities | 10/49 | €51,762 | €45,691 | -€6,071 | -11.7% |
| Equity | 10/15 | -€5,031 | -€11,189 | -€6,158 | -122% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €897 | €897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €897 | €897 | = | 0.0% |
| Legal reserve | 130 | €897 | €897 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,528 | -€30,686 | -€6,158 | -25.1% |
| Amounts payable | 17/49 | €56,793 | €56,880 | +€88 | +0.2% |
| Amounts payable within one year | 42/48 | €56,793 | €56,880 | +€88 | +0.2% |
| Trade debts | 44 | €1,217 | €1,305 | +€88 | +7.2% |
| Suppliers | 440/4 | €1,217 | €1,305 | +€88 | +7.2% |
| Taxes, remuneration and social security | 45 | €1,078 | €1,078 | = | 0.0% |
| Taxes | 450/3 | €1,009 | €1,009 | = | 0.0% |
| Remuneration and social security | 454/9 | €69 | €69 | = | 0.0% |
| Other amounts payable | 47/48 | €54,498 | €54,498 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,138 | €8,112 | -€26 | -0.3% |
| Gross operating margin | 9900 | -€1,029 | -€88 | +€942 | +91.5% |
| Operating profit (loss) | 9901 | -€9,167 | -€8,199 | +€968 | +10.6% |
| Financial income | 75/76B | €2,156 | €2,041 | -€114 | -5.3% |
| Recurring financial income | 75 | €2,156 | €2,041 | -€114 | -5.3% |
| Financial charges | 65/66B | €109 | €0 | -€109 | -99.9% |
| Recurring financial charges | 65 | €109 | €0 | -€109 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,120 | -€6,158 | +€962 | +13.5% |
| Income taxes | 67/77 | €143 | - | -€143 | |
| Profit (loss) for the period | 9904 | -€7,263 | -€6,158 | +€1,105 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,263 | -€6,158 | +€1,105 | +15.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.