HPM SAFE TRANS: 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 SAFE TRANS
Largest movements
- Tangible fixed assets -€9,988
down €9,988 (-28.4%), from €35,218 to €25,230
- Receivables within one year -€4,352
down €4,352 (-7.0%), from €62,258 to €57,906
of which Trade receivables: -€7,312
- Debts after one year -€10,561
no longer reported in 2025 (was €10,561)
- Profit (loss) carried forward -€4,693
down €4,693 (-7.1%), from €65,667 to €60,974
- Current portion of long-term debt -€2,927
down €2,927 (-21.7%), from €13,488 to €10,561
- Tax, wage and social debts +€2,363
up €2,363 (+63.1%), from €3,743 to €6,106
- Trade debts +€1,582
up €1,582 (+136%), from €1,165 to €2,747
- Gross operating margin -€24,763
down €24,763 (-69.4%), from €35,659 to €10,896
- Depreciation -€7,610
down €7,610 (-43.2%), from €17,598 to €9,988
- Taxes +€5,314
new in 2025: €5,314
- Other operating charges -€1,077
down €1,077 (-38.9%), from €2,770 to €1,693
- Financial charges -€745
down €745 (-41.0%), from €1,818 to €1,073
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 | €115,083 | €100,848 | -€14,235 | -12.4% |
| Fixed assets | 21/28 | €44,578 | €34,590 | -€9,988 | -22.4% |
| Tangible fixed assets | 22/27 | €35,218 | €25,230 | -€9,988 | -28.4% |
| Furniture and vehicles | 24 | €35,218 | €25,230 | -€9,988 | -28.4% |
| Financial fixed assets | 28 | €9,360 | €9,360 | = | 0.0% |
| Current assets | 29/58 | €70,506 | €66,258 | -€4,247 | -6.0% |
| Amounts receivable within one year | 40/41 | €62,258 | €57,906 | -€4,352 | -7.0% |
| Trade receivables | 40 | €21,764 | €14,452 | -€7,312 | -33.6% |
| Other amounts receivable | 41 | €40,494 | €43,454 | +€2,960 | +7.3% |
| Cash at bank and in hand | 54/58 | €8,247 | €8,352 | +€105 | +1.3% |
| Total equity and liabilities | 10/49 | €115,083 | €100,848 | -€14,235 | -12.4% |
| Equity | 10/15 | €86,127 | €81,434 | -€4,693 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,667 | €60,974 | -€4,693 | -7.1% |
| Amounts payable | 17/49 | €28,956 | €19,414 | -€9,542 | -33.0% |
| Amounts payable after more than one year | 17 | €10,561 | - | -€10,561 | |
| Financial debts | 170/4 | €10,561 | - | -€10,561 | |
| Amounts payable within one year | 42/48 | €18,395 | €19,414 | +€1,019 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €13,488 | €10,561 | -€2,927 | -21.7% |
| Trade debts | 44 | €1,165 | €2,747 | +€1,582 | +136% |
| Suppliers | 440/4 | €1,165 | €2,747 | +€1,582 | +136% |
| Taxes, remuneration and social security | 45 | €3,743 | €6,106 | +€2,363 | +63.1% |
| Taxes | 450/3 | €3,743 | €6,106 | +€2,363 | +63.1% |
| Non-recurring operating income | 76A | - | €2,452 | +€2,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,598 | €9,988 | -€7,610 | -43.2% |
| Other operating charges | 640/8 | €2,770 | €1,693 | -€1,077 | -38.9% |
| Gross operating margin | 9900 | €35,659 | €10,896 | -€24,763 | -69.4% |
| Operating profit (loss) | 9901 | €15,291 | -€785 | -€16,076 | |
| Financial income | 75/76B | €2,519 | €2,480 | -€39 | -1.6% |
| Recurring financial income | 75 | €2,519 | €2,480 | -€39 | -1.6% |
| Financial charges | 65/66B | €1,818 | €1,073 | -€745 | -41.0% |
| Recurring financial charges | 65 | €1,818 | €1,073 | -€745 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €15,992 | €622 | -€15,371 | -96.1% |
| Income taxes | 67/77 | - | €5,314 | +€5,314 | |
| Profit (loss) for the period | 9904 | €15,992 | -€4,693 | -€20,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,992 | -€4,693 | -€20,685 |
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 19 October 2026 via checked.be.